Last checked at 8 Jul 2016 07:00
Rare Earth Minerals Plc
("Rare Earth Minerals", "REM" or "the Company")
Macarthur Minerals expands MOU on Lithium Prospect in Western Australia
Rare Earth Minerals Plc (AIM: REM; OTC: REMMY) is pleased to report that Macarthur Minerals Limited ("Macarthur") has agreed to expand its Memorandum of Understanding with Venturex Resources to include the lithium rights on the Whim Creek Project in Western Australia. The full Macarthur announcement can be found at:
http://web.tmxmoney.com/article.php?newsid=8486141396100236&qm_symbol=MMS
REM holds a 15.5% interest in Macarthur Minerals, which is an exploration and development company that is focused on identifying and developing high grade lithium deposits.
Whim Creek covers approximately 124 sq kilometres of mining and exploration licences and it is intended that the area will be fast-tracked for drilling and exploration once it has been confirmed as prospective for lithium
Commenting, Kiran Morzaria, Chief Executive Officer of REM, said:
"Macarthur continues to demonstrate its ability to identify highly prospective areas for lithium development and we welcome the expansion of the MOU with Venturex Resources."
Qualified Person:
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance).
For further information, please contact:
Rare Earth Minerals plc +44 (0) 207 440 0647
Kiran Morzaria
WH Ireland Limited (Nomad & Broker) +44 (0) 207 220 1666
James Joyce
Mark Leonard
Square1 Consulting +44 (0) 207 929 5599
David Bick
Brian Alexander