- Lions Bay Capital Inc. (LBI) has received its phase 2 drilling report on a rare earth discovery in Western Australia being evaluated by the Savic Minerals Pty Ltd JV
- In the next six weeks, assays from the recent phase 2 exploration on the Savic ground are expected, enabling the geological team to determine a grid for resource definition drilling later this year
- The Savic ground lies immediately adjacent to the Koppamurra Project of Australian Rare Earths
- Lions Bay Capital focuses on investment opportunities in the mining, clean energy, and clean technology sectors
- Lions Bay Capital (LBI) is trading steady at C$0.035 per share
Lions Bay Capital (LBI) received a drilling report on EL006968 in Western Victoria, Australia, a rare earth discovery being evaluated by the Savic Minerals Pty Ltd joint venture.
Lions Bay has the right to earn up to 50 per cent interest on the Savic ground by spending AUS$5 million (C$4.47 million) over 3 years from January 2022.
In the next six weeks, assays from the recent phase 2 exploration on the Savic ground are expected, enabling the geological team to determine a grid for resource definition drilling later this year.
The Savic ground lies immediately adjacent to the Koppamurra Project of Australian Rare Earths.
Lions Bay Capital focuses on public and private investment opportunities in the mining, clean energy, and clean technology sectors.
Lions Bay Capital (LBI) is trading steady at C$0.035 per share.
