Liontown Resources is advancing to stage 1 of the Mulwarrie Lithium joint venture farm-in agreement, driven by soil sample results across the Mulwarrie Lithium Project.
The company collected and assayed 1,201 geochemistry samples, meeting the minimum condition term of the farm-in agreement.
Lithium and gold results were obtained, with soil samples returning spectacular gold grades, including two samples exceeding 10g/t Au.
The farm-in arrangement involves two stages, with Liontown potentially earning a 51% interest in the projects after stage 1.