Adelong Gold Limited announces that two of its three recently awarded Brazilian license applications have now been approved (subject to fulfillment of conditions precedent) and the third application is close to being approved.
An invitation to the company’s annual general meeting of shareholders on November 27, 2023 has recently been issued to seek approval.
Peter Mitchell, Managing Director of Adelong Gold, commented: “The Company is pleased that two of its three recent Brazilian lithium license applications have now been approved and the third application is nearing completion. The grant of the license is a prerequisite to the acquisition. , the company is pleased to see the acquisition progressing smoothly. The acquisition is part of the company’s strategy to diversify its project base and actively participate in the broad battery metals industry. Brazil is becoming an important lithium production region globally, and the company is pleased to have the opportunity to participate in the world The future of Lithium Valley.”
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Exploration license 832,015/2023 for 1,930.89 hectares. The Brazilian National Mining Agency (ANM) has now announced mineral resources of 832,016/2023 covering an area of 1368.73 hectares. The third application 832.014.2023 is expected to be released soon. Located in the “Lithium Valley” of Minas Gerais and part of the Santa Rita Do Aracuai project, these exploration licenses show significant potential to host lithium-bearing pegmatites.
