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Adelaide Resources applies for lithium-gold exploration license in Western Australia

Adelaide ResourcesLtd. lodged a lithium and gold prospective exploration license applicationin the Coolgardie district of Western Australia.

The Prince of Wales tenement application covers an area of 93square kilometers and will increase the company's ground position in both commodities,according to the May 2 statement.

Following the grant of tenement, Adelaide intends to undertakemapping and geochemical sampling to search for both pegmatite associated lithiumand Archean gold mineralization.

It will also investigate if low-cost soil geochemistry can beapplied to map gold and lithium pathfinder metals in the search.