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Adelong Gold’s exploration permits granted in Brazil’s Lithium Valley

Published by , Editorial Assistant
Global Mining Review,

Adelong Gold Limited has announced that two of the three Brazilian licence applications recently acquired (subject to conditions precedent) have now been granted, with the granting of the third application imminent.

A Notice of Meeting convening the company’s Annual General Meeting on 27 November 2023, at which approvals will be sought, was recently dispatched.

Adelong Gold Managing Director Peter Mitchell commented: “The company is pleased that two of the three Brazilian Lithium licence applications recently acquired have now been granted and that the third application appears imminent. The granting of the licences was a Condition Precedent for the acquisition to proceed and the company is pleased that it is on track to complete. The acquisition is part of the company’s strategy to diversify its project base and to actively participate in the massive battery metals space. Brazil is emerging as a major global lithium producing region and the company is delighted to secure an opportunity to participate in the future of the world-class Lithium Valley.”

Exploration Permits 832.015/2023 covering 1930.89 ha. and 832.016/2023 covering 1368.73 ha. have now been published by the Brazilian National Mining Agency (ANM). The third application 832.014.2023 is expected to be published imminently. The Exploration Permits, which are located within the ‘Lithium Valley’ in Minas Gerais, form part of the Santa Rita Do Aracuai Project and show strong potential to host lithium-bearing pegmatites.

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Lithium mining news Brazilian mining news