Greta Minerals Secures Lithium and REE Assets in Western Australia

livemint.com:

Singapore, July 11: Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company has successfully acquired Lithium and REE (Rare Earth Elements) exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia.

They now hold over 700 km2 of exploration tenements strategically located on very prospective Ida Fault, with a focus on the exploration of Lithium and REE assets. The acquisition was facilitated through the partnership with Mr.

Tan, acclaimed for his appearances on the popular show Aussie Gold Hunters. He will be a director in Greta Minerals, bringing his extensive expertise and industry knowledge to the company, further strengthening its position and capabilities.The tenements package in Western Australia is located in the prolific “Lithium Corridor." This area links major mining projects, including Mount Marion Lithium Mine, Red Dirt’s Mt Ida, St Georges Mt Alexander Project, and Liontown’s new Kathleen Valley mine.

The Geological Survey of Western Australia (GSWA) and the Minerals Research Institute of Western Australia (MRIWA) have identified the Ida Fault as a significant geological structure. It channels large-scale hydrothermal fluids responsible for the formation of potential multi-million-ounce gold deposits.Recent discoveries, such as Kidman Resources’ 189Mt Mount Holland lithium pegmatite deposit (sold for A$776M), the 156Mt Kathleen Valley discovery by Liontown Resources (Mkt Cap A$2.21B), and the 308Mt discovery by Pilbara Minerals (Mkt Cap A$9.03B), underscore the potential for additional large lithium finds in the Western Australian "Lithium Corridor." The