Business
Macarthur Minerals expands MOU on Lithium Prospect
Macarthur Minerals expands MOU on Lithium Prospect.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6123D Rare Earth Minerals PLC 08 July 2016 \n\nRare Earth Minerals Plc\n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nMacarthur Minerals expands MOU on Lithium Prospect in Western Australia\n \nRare 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: \n \nhttp://web.tmxmoney.com/article.php?newsid=8486141396100236&qm_symbol=MMS\n \nREM 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.\nWhim 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\n \nCommenting, Kiran Morzaria, Chief Executive Officer of REM, said:\n\"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.\"\n \nQualified Person: \nKiran 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). \n \nFor further information, please contact:\n \nRare Earth Minerals plc +44 (0) 207 440 0647 \nKiran Morzaria\n \nWH Ireland Limited (Nomad & Broker) +44 (0) 207 220 1666 \nJames Joyce \nMark Leonard\n \nSquare1 Consulting &nbs...