Koba acquires two lithium pegmatite projects in Canada

Project highlights:

• The JB1 Lithium project, located in the James Bay lithium province in Quebec only 12 km along strike from the Rose Lithium deposit where resources comprise:
  • 34.2 million t @ 0.9% Li₂O.
• The Davidson Lithium project, located in western Ontario, immediately along strike from Koba’s recently acquired Whitlock Lithium project and the Tanco Lithium Mine – Canada’s only operating lithium mine, where high-grade lithium reserves comprise:
  • 7.3 million t @ 2.76% Li₂O.
• Significant thicknesses of pegmatite have been intersected in previous drilling at both the JB1 and Davidson Lithium projects. 
• Exploration for lithium has never been undertaken at either project, despite their proximity to multiple, large lithium resources.

Koba Managing Director and CEO, Mr Ben Vallerine said:

“It is very exciting to have acquired new projects in two of the world’s best lithium provinces, in Canada. The James Bay area is emerging as a world-class lithium district. Multiple large lithium resources have been delineated in close proximity to the company’s new JB1 Lithium project. Two ASX-listed companies, Patriot Battery Metals and Winsome Resources, have had some very promising exploration successes in this region recently and our new projects allow us the opportunity to replicate that success.

“And our new Davidson Lithium project is strategically located along strike from our Whitlock Lithium project. It is a logical addition to our landholding with operational synergies and most importantly, it provides us additional opportunities to discover lithium bearing pegmatites along strike from the world-class Tanco Mine – Canada’s only operating lithium mine.”

Read the article online at: https://www.globalminingreview.com/mining/16122022/koba-acquires-two-lithium-pegmatite-projects-in-canada/