13 November 2023
13 November 2023
Parabolic currently holds the right to select a 100% stake in seven lithium exploration projects in Brazil’s Minas Gerais.
The company will now undertake extensive drilling, trenching and trail construction at the Fox project through late 2027.
The Tabba Tabba project is located 50km from Port Hedland and said to be highly prospective of lithium mineralisation.
Under Indonesian law, foreign companies have to sell 51% of their stake to local businesses after operating for a certain time.
Sibelco and Avalon hold 60% and 40% stakes, respectively, in Separation Rapids Limited (SRL).
Protests are breaking out following the resignation of Prime Minister Antonio Costa.
The company has commenced informal talks with undisclosed potential partners for the copper mining project.
The Diba project is due to start production in the first half of next year.
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