Tambourah Metals expands lithium portfolio in the Pilbara, signs agreement with SQM at Julimar Nth

Tambourah Metals (ASX: TMB) chairperson Rita Brooks joins Small Caps to discuss the company’s recent acquisition of six lithium prospective projects in Western Australia’s Pilbara region and earn-in agreement with Chilean lithium producer SQM.

Tambourah has Sociedad Quimica y Minera de Chile SA (SQM), allowing SQM to initially earn a 50% stake, and potentially up to a 70% interest, in six of Tambourah's Julimar Nth projects in Western Australia.

SQM will secure these stakes by independently funding between $1.5m and $3m on exploration and development activities.

In addition, the addition of the 337 square kilometres of granted exploration licences from Minrex Resources makes Tambourah one of the largest lithium exploration tenement holders in the high-profile Pilbara, host of two operating, Tier 1 lithium mines.

Several of the projects adjoin current Tambourah Pilbara projects, including Tambourah North and the Haystack Well Project.

The company is planning to quickly advance its new Pilbara lithium assets which are providing additional scale and quality and is already active on the ground there.

For more information on Tambourah Metals:
https://smallcaps.com.au/stocks/TMB/

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