FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Mt Monger expand battery package

22 April 2022
ASX: MTM
Jack Baker

Mt Monger Resources haven increased its battery metal landholding to over 1600 square kilometres following the acquisition of a prospective critical minerals area on Western Australia’s southern coast.

The move comes just days after construction begins on a new rare earths plant in Kalgoorlie designed to place Western Australia at the centre of the critical minerals industry.

The company said the tenement is a likely continuation of the Lake Johnston greenstone belt – rich in lithium-bearing pegmatites.

“The new area remains surprisingly untested for lithium, graphite and rare earth, with little exploration for nickel sulphide targets now considered a high priority,” managing director Lachlan Reynolds said.

“The whole area is prospective for pegmatites and ionic clay-hosted rare earth element deposits.

“We now have an excellent opportunity to undertake a comprehensive search.”

The company will continue to work to expand the resource while moving toward production from core gold projects near Kalgoorlie and East Laverton.

MTM’s Australian Stock Exchange-listed share price was trading at 21c today (9.30 am UTC+ 8 hours).

COMPANY OVERVIEW

Mt Monger Resources Limited was incorporated in November 2020 for the purpose of consolidating several gold exploration projects in the Mt Monger region of Western Australia.

COMPANY INFORMATION

ASX: MTM

Website

https://mtmongerresources.com.au/
https://www2.asx.com.au/markets/company/mtm

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!