In accordance with its European supply strategy, Lithium Australia is party to a farm-in and JV agreement with Tin International AG with respect to the Sadisdorf project located in in the Eastern Ore Mountains of Saxony, Germany.
The initial focus of the agreement was the dormant Sadisdorf tin mine, which is enveloped in a pervasive lithium alteration halo. The application of Lithium Australia's SiLeach® process to recover both lithium and a range of by-products has the potential to breathe new life into the Sadisdorf operation, where drilling has already commenced to upgrade the resource.
The Upper Mining Authority of Saxony has granted Tin International an additional exploration licence covering 15km2 around the Hegelshöhe hillside, just 5km southeast of the Sadisdorf licence. It is intended that Hegelshöhe - which is located in the same regional geological formation that hosts the lithium mica deposits of Sadisdorf, Zinnwald and Cinovech (Czech Republic) - be included in the joint exploration package.
The Hegelshöhe licence shares its northern border with the Falkenhain, currently being explored by Deutsche Lithium and partner Bacanora Minerals Ltd.
On the basis of historic mining and exploration activities in the area, Tin International considers that the likelihood of discovering substantial tin-lithium mineralisation in the area is high.