Liberty Lithium Brine Project – USA
QXR signed formal documentation to Acquire 75% Interest in the large 102km2 Liberty Lithium Brine Project in California, USA. An Option to Purchase Agreement and an Operating Agreement was signed with the vendor IG Lithium LLC and announced on 5 October 2023 .
Liberty Lithium is one of the largest single lithium brine projects in the USA with contiguous claims over 102km2 (25,300 acres).
An extensive lithium brine surface anomaly with elevated lithium results up to 215mg/L Li extends over 10km (6 miles) with geophysics indicating brine aquifer targets at depth.
QXR plans to drill two holes over the surface anomaly to define potential lithium bearing aquifers at depth with brine sent for testwork to various Direct Lithium Extraction providers.
QXR and the vendors have an indicative development plan and timeline considered achievable in discussions with regulators and local administrators due to the support for battery minerals production.