Omnia to expand lithium footprint by acquiring Dixie Gold
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Omnia Metals Group has announced the acquisition of Canadian lithium, gold, and uranium exploration company Dixie Gold Inc., which will increase Omnia’s lithium focused footprint in Canada to more than 625 km2.
The acquisition outlines prospective lithium asset growth with a clear pathway to development and planning for future drilling campaigns at the new projects already underway.
Planning to launch multiple drilling campaigns, targeting both the Phoenix Lithium Project and the Torp Lake Lithium Project, are now among priorities for Omnia in 2024.
Following an extended period of due diligence into Dixie Gold, Omnia has identified an ability to potentially deliver a Mineral Resource Estimate at the Phoenix Lithium Project, and a potentially pathway to production.
With established relationships in-country to assist with managing exploration and stakeholder activity on the ground, Omnia is in a strong position to rapidly progress the newly acquired projects.
These new projects will add to and complement Omnia’s existing belt-scale 600 km2 Lac des Montagnes Lithium Project, which itself is situated in the highly prospective James Bay region of Quebec.
Omnia Metals Executive Director, James Warren, commented:
“This strategic acquisition will be transformation for Omnia, with the addition of two prospective lithium projects in Canada reinforcing our commitment to becoming a leading global lithium explorer.
“Following an extended period of due diligence, our understanding of these assets and their prospectivity is extremely strong, providing confidence to begin drilling once the acquisition is complete.
“There is a clear pathway to produce a significant Mineral Resource Estimate at the Phoenix Lithium Project, and early results from the extremely exciting, blue-sky Torp Lithium Project indicate that the company could be onto a significant discovery opportunity.
“I thank the Dixie Gold team for its collaborative approach to this acquisition, which will provide significant value to both companies’ shareholders.
“I also thank the shareholders of both Omnia and Dixie Gold for their patience as we work through obtaining the relevant approvals from Australia and Canadian regulators, with Omnia receiving in-principal advice from the ASX on 22 December 2023 with respect to their re-admission of Omnia to the official list of the ASX.
“Due to the nature and scale of the acquisition, we have been working around the clock to get to this point and embark on an exciting phase of growth in 2024.”
Read the article online at: https://www.globalminingreview.com/mining/05012024/omnia-to-expand-lithium-footprint-by-acquiring-dixie-gold/
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