Kuniko (ASX:KNI) has acquired options over three prospective lithium projects in Canada’s prime lithium district of James Bay, Quebec – Fraser, Mia North and Nemaska South.
The Fraser Lithium Project covers 150sq. km with mapped pegmatites containing spodumene. The Fraser Lithium Project is located southwest of Winsome Resources’ Cancet Lithium Project, west of Patriot Battery Metal’s Corvette Lithium Project and northeast of Allkem’s James Bay Lithium Project.
The Mia North Lithium Project covers 80sq. km of exploration area located on a greenstone belt known to host pegmatites with the potential for spodumene containing lithium mineralization. Mia North is located 30km north of Q2 Metals Corp. Mia Lithium Project.
The Nemaska South Lithium Project covers 44sq. km of exploration area which hosts at least five mapped pegmatite outcrops and located adjacent to the Li-FT Power Lithium Project and 35km southwest of Nemaska Lithium (Whabouchi Project).
“The addition of these lithium projects to our suite of battery metals projects offers our shareholders the potential for significant exploration value upside,” CEO, Antony Beckmand, said.
“The exciting James Bay address of these three projects puts Kuniko in the right place for lithium exploration, with the area highly regarded and desired for its abundance of hard rock lithium bearing pegmatites.
“Our projects were carefully selected identifying key geological and geophysical signatures which make them prospective for large scale hard rock lithium discoveries.
“The lithium prospects in Québec represent a complementary addition to our portfolio, enabling a continued focus on securing battery minerals for the rapidly growing European market, while also adding the parallel opportunity that exists in the North American market.
“Canada’s commitment to developing battery value chain solutions to support the energy transition and its renewable hydro-power grid offers further alignment with Kuniko’s net zero carbon goals and our ESG focus which remain key success factors in our business model.
“We look forward to getting our boots on the ground and driving forward the exploration opportunities of these lithium projects with our usual zeal, commitment, and diligence. In parallel, Kuniko will continue to have an ongoing focus on delivering strategic value generating opportunities of high potential for our stakeholders.”
For further information please visit: https://kuniko.eu/
