Lithium Australia is making inroads to Germany for a joint venture with Deutsche Rohstoff, parent company of Tin International, in an attempt to uncover lithium in the region for production purposes.
Want a short- and medium-term buying outlook for aluminum, copper, tin, lead, zinc, nickel and several forms of steel? Subscribe to our monthly buying outlook reports!
According to a recent report from Business News, the key piece in the venture is Tin International’s Sadisdorf Tin deposit, a globally renowned Altenberg mine, which has been dormant since 1991 following 500 years of production. The mine is believed to contain a lithium-rich mica that is suited for Lithium Australia’s proprietary extraction means.
Adrian Griffin, managing director at Lithium Australia said, “The joint venture with Tin International provides Lithium Australia with a low-cost entry into an established JORC resource, albeit originally established for tin.”
“There is little doubt that a substantial Lithium inventory also exists and the focus of the joint venture is to fast-rack the project to feasibility,” he added. “The experience provided by Tin International will be a key element in expediting the evaluation process and we are pleased to have them as a partner.”
Your Tin Price Outlook for 2017
How will tin and base metals fare in 2017? You can find a more in-depth copper price forecast and outlook in our brand new Monthly Metal Buying Outlook report. For a short- and long-term buying strategy with specific price thresholds: