SunMirror AG increasing exploration efforts at Moolyella Project
Published by Jessica Casey,
Global Mining Review,
SunMirror AG, a mining and exploration firm specialising in raw materials such as gold, lithium and other metals and minerals, is increasing its efforts to discover potential tin and lithium reserves to meet new demands.
SunMirror has engaged Geonomik in Perth, Australia, to review and conduct the Moolyella Project, prospective for tin, lithium and rare earths. A review of the project in 2011/12 confirmed reconnaissance rock chip sampling over an area of 2 km2, revealing the presence of highly anomalous lithium in a significant number of samples analysed.
After further assessing historical data, SunMirror's management decided to ramp-up exploring the highly prospective Moolyella Tin and Lithium projects in the Pilbara region of Western Australia due to these sites' history, location, infrastructure and record of rapidly bringing-to-market resources.
Dr Heinz Rudolf Kubli, member of the Board of Directors of SunMirror AG, explained: "Tin price levels are nearing multi-year highs. One of the reasons is the unprecedented demand for tin used in semi-conductors. We want to take advantage of the resulting opportunities."
The company is targeting a highly prospective exploration ground in the most attractive jurisdiction in the world for mining investment. The Moolyella Project is located 23 km northeast of Marble Bar and consists of one exploration license covering 93 km2. The license is held by Lithium 1 Pty Ltd, a fully-owned SunMirror subsidiary, and covers one of the most prolific historical tin, tantalum and lithium producing districts in Western Australia. In Australia's oldest large-scale tin mining province, primarily artisanal mining took place between 1898 and 1986, which means the area has never been fully explored or drilled at depth. SunMirror's tin tailings are scattered across the land holding.
Read the article online at: https://www.globalminingreview.com/exploration-development/23022021/sunmirror-ag-increasing-exploration-efforts-at-moolyella-project/
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