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Liontown takes full control of Bynoe lithium project in Australia

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Liontown takes full control of Bynoe lithium project in Australia

Liontown Resources Ltd. said Aug. 3 that it has exercised an option to fully acquire the Bynoe lithium project located near Darwin in Northern Territory, Australia, by making a A$100,000 payment to Orema Pty. Ltd.

The ASX-listed company secured the option in February 2016 due the project's proximity to Darwin and related infrastructure that would be critical for the development of a commercial mining operation.

The project comprises two separate exploration licenses, 30012 and 30015, covering a total area of 80 square kilometers.

The next phase of the company's exploration drilling at Bynoe is planned to start in September.