trending Market Intelligence /marketintelligence/en/news-insights/trending/aKNS5_ufKH3n1sUpsMXSuQ2 content esgSubNav
In This List

Monax Mining terminates earn-in on Litchfield lithium property

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Monax Mining terminates earn-in on Litchfield lithium property

Monax Mining Ltd. said June 5 that it is dropping an option to earn a 90% interest in the Litchfield lithium project in Australia's Northern Territory.

The company signed an agreement in July 2016 to earn a 90% interest in three exploration licenses in the Litchfield region over a two-year period.

Monax said it is withdrawing from the Litchfield agreement in order to focus on its Percyville and Croydon gold projects in Queensland.

The company recently completed geophysical surveys on the Percyville property, with drilling expected to begin within two to three weeks. Geophysical work is planned at Croydon along with data analysis targeting an initial resource estimate.

In addition, the company appointed Ian Gordon to its board as a nonexecutive director, effective June 1.