The latest update is out from Lithium Energy Ltd. ( (AU:LEL) ).
Lithium Energy Limited has announced the consolidation of exploration tenements in Central Queensland, creating the Capricorn Gold-Copper Belt Project. This strategic acquisition, adjacent to the historic Mt Morgan Gold Mine, involves a $3 million cash payment and a $4 million exploration commitment over two years. The project aims to enhance the company’s operational activities, potentially lifting its ASX trading suspension, and marks a new direction following the sale of its Solaroz Lithium Project.
More about Lithium Energy Ltd.
Lithium Energy Limited is an ASX-listed company specializing in battery minerals, with key projects including the Solaroz Lithium Brine Project in Argentina and the Burke and Corella Graphite Projects in Queensland, Australia. The company is also involved in a merger to form Axon Graphite, focusing on vertically-integrated battery anode material production.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$41.44M
See more data about LEL stock on TipRanks’ Stock Analysis page.