Boadicea Resources Ltd (ASX:BOA) won two out of three ballots to win a lithium-nickel license near its Bald Hill East project in Washington state.
Colloquially known as Ant Hill, the license is at the heart of a highly promising lithium field located 450 kilometers east of Perth.
Explorers focus on a 50-kilometer corridor that spans the southern and western extremities of Lake Johnston’s granite batholith, known for its lithium potential.
With two projects pending, Boadicea currently sits on three Australian lithium opportunities, pushing its key minerals ownership to 402 square kilometers.
Prospects for nickel
In addition, Ant Hill is located just 7 km from the Maggie Hays and Emily Ann nickel deposits, increasing the company’s nickel prospects.
Boadicea will begin the approval process and will update the market when it officially announces its acquisition of Ant Hill.
Complements corporate strategy
Boadicea Managing Director Jon Reynolds said:
“The addition of the Ant Hill Lithium Nickel project complements our corporate strategy to increase our exposure to low cost of entry but highly sought after EV mineral projects.
“We look forward to updating all of our shareholders as Anthill is licensed and exploration activity commences.”
famous area
Lake Johnston has attracted considerable exploration interest due to its proximity to the Earl Gray Lithium Project at Mount Holland (about 77 kilometers west of the Ant Hill License).
Mount Holland is one of Australia’s largest undeveloped hard rock lithium projects, with ore reserves estimated at 94.2 million tonnes of 1.5% lithium oxide.
In collaboration with Poseidon Nickel’s Lake Johnston project, Ant Hill, about 7 kilometers east, is shaped as an opportunity for lithium nickel.
Thanks to the acquisition, Boadicea’s exposure to lithium now includes the Bald Hill East and Ant Hill projects in Washington state and the Hanns Gully lithium-tin-tantalum project in Queensland.
BOA said the portfolio is an important part of its broader corporate strategy. It’s about aligning exploration with the electric vehicle commodity revolution.
