Moonbound Mining Ltd. (CSE: MML) has announced a significant expansion of its exploration program at the Norrabees Lithium Project in the Northern Cape, South Africa. The company has raised CAD $8.6M year-to-date, primarily used to advance its strategic initiatives and projects.

Focus on Norrabees Lithium Project

The Norrabees Lithium Project is part of a vast continental pegmatite field in Steinkopf, Northern Cape. It covers 167,000 hectares and includes 51 spodumene-bearing pegmatites. Initial exploration results, including confirmatory mapping and sampling of historical pegmatites, are pending.

Drilling Campaign and Resource Expansion

Chief Geologist Dr. J Hattingh is preparing to enhance historical high-grade results with a new drilling campaign. To date, the project has unveiled stockpiles of lithium ore that are more than five times the size of the original stockpile.

Corporate Developments and Acquisition

Moonbound Mining has executed a definitive agreement to acquire Continental Lithium Africa and its Namibian lithium asset. This acquisition is anticipated to close shortly, potentially expanding the company’s lithium exploration footprint across Africa.

Infrastructure and Community Support

The project is well-supported by existing infrastructure and nearby mining communities. Easy access to highways, power grids, and skilled labor makes the Norrabees Project highly viable. Moonbound has initiated workforce training programs as operations prepare for expansion.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News