3D Resources Limited (AU:ADG) has released an update.
Adelong Gold Limited has kicked off Phase 2 exploration in its Brazilian Lithium Projects, where significant lithium pegmatites were identified across 10 new exploration permits in Paraíba State. As the company explores funding options for its Adelong Gold Project, it has also engaged an agent to sell non-core property to finance its Brazilian and domestic projects, with capital raising efforts recently bolstering its cash position by $1.46m. Key corporate changes include the appointment of Mena Habib as Chairman to drive the Lithium and Rare Earths projects, and the retirement of Ian Hastings to a Non-Executive Director role.
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