Lassalle Lithium Project located just 100km along trend from Patriot Battery Metals’ world-class Corvette lithium discovery and 30km north of Winsome Resources’ Adina lithium discovery.
Cosmos to acquire up to a 75% interest in the Lasalle Lithium Project in the prolific James Bay lithium province Quebec, Canada
Acquisition complements Cosmos’ recently acquired Corvette Far East Project bolstering the Company’s high-potential lithium exploration portfolio in Canada
Lasalle Lithium Project is located 100km east of Patriot Battery MetalsInc’s (ASX: PMT) CV5 lithium discovery and 30km north of Winsome Resources Limited’s (ASX: WR1) Adina lithium discovery
Lasalle Lithium Project is interpreted to occur in close proximity to the same fertile tonalite intrusives that lie to the south of CV5, and within close proximity to extremely large spodumenebearing pegmatite boulders on the adjacent Mirage Project, making Lasalle extremely prospective for further lithium discoveries
Acquisition and all planned exploration programs are fully-funded from existing cash reserves
Cosmos Exploration Executive Chairman, Jeremy Robinson, said:
“The acquisition of this well-credentialled project presents an attractive opportunity to further expand our footprint in the exciting world-class James Bay Lithium district. We are looking forward to commencing exploration work at the Lasalle Lithium Project alongside our Corvette Far East Project, where our exploration program has already commenced.”