Southern Gold Limited (AU:ION) has released an update.
Iondrive Limited has reported promising results from their joint venture lithium exploration with KoBold Metals in South Korea, with rock-chip samples yielding up to 0.43% Li2O. The exploration, which commenced in November 2023, is part of an Earn-in and Joint Venture Agreement allowing KoBold to earn a 75% interest by investing AUD$7 million over five years. Iondrive’s subsidiary, Korea Metals Resources, is operating in the field, helping to offset local costs.
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