The prospect is in the mineral-rich Goldfields region of Western Australia. This strategically located project is proximal to the Bald Hill Lithium Mine, which has a top-quality spodumene concentrate with low levels of mica and iron, as well as significant tantalum by-product production. The Bald Hill mine has a resource of 26.5Mt at 1.00% Li2O and a nameplate capacity of 1.2Mt per year. The Lefroy project is also located 60km from the Mt. Marion Lithium Mine, 71.3Mt at 1.37% Li2O, which is owned by Mineral Resources Ltd (ASX:MIN), Market Capitalisation of A$17B. Mt. Marion produces 900,000 tonnes of mixed-grade spodumene concentrate annually.
Figure 1: Lefroy Lithium Project proximal to Bald Hill Mine and Mt Marion Mine.