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Hannans Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Mt Holland | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 1/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-1-2019: Hannans Ltd. announces an Exploration/Drilling Update report for its Mt Holland deposit at the Mt Holland project. No significant assays returned for drilling. Hannans Ltd (ASX:HNR) provides an update on exploration within its 100% owned Mt Hol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bryan Smith (Independent) | |
| ABSTRACT: | Hannans Ltd (ASX:HNR) provides an update on exploration within its 100% owned Mt Holland Lithium Project located approximately 125kms south of Southern Cross, Western Australia (refer Figure 1 on page 3). Mt Holland Lithium Project (Hannans 100%) The Mt Holland Lithium Project is located adjacent to Earl Grey, one of the most significant hard rock lithium deposits in the world jointly owned by New York Stock Exchange listed SQM and ASX listed Kidman Resources Ltd. Earl Grey will underpin a world-class long-life integrated lithium project.2 Hannans’ exploration goal at Mt Holland is to discover a lithium deposit comparable to Earl Grey. Hannans’ major shareholder is Neometals Ltd, a leading Australian specialty minerals company and minority owner of the producing Mt Marion lithium mine3 . Dr Bryan Smith is a consulting exploration geoscientist to both Neometals and Hannans. Dr Smith was previously responsible for exploration at Mt Marion and is overseeing exploration at Mt Holland. Hannans has ~$3M cash at bank and no debt. The exploration strategy at Mt Holland is at an early stage and further substantive drilling (both from a coverage and depth perspective) is required to effectively test the project. | |
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