Ronin Resources Ltd (AU:RON) has released an update.
Ronin Resources Ltd, an ASX-listed company, has shifted its focus to advance the Hornby Lake Lithium Project in Ontario, Canada, following a maiden exploration that confirmed the presence of fractionated LCT-type pegmatites. Despite no lithium mineralization found, the company is planning a potential 2024 field program at the project, which covers 123km2 near Frontier Lithium’s projects. Meanwhile, Ronin maintains a strong cash position with $3.150m in reserves as of June 30, 2024, and continues to seek new business development opportunities.
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