SYDNEY, AUSTRALIA: Bindi Metals Limited (ASX: BIM) has entered into a conditional sale and purchase agreement (SPA) to acquire an 80% interest in a series of Mining Claims making up the Schryburt Lake Project in northern Ontario, Canada.
Bindi Metals Executive Director, Henry Renou said, “Bindi’s agreement to acquire an 80% interest in the high quality Schryburt Lake REE-Nb-Zr Project is very exciting for the Company and the acquisition is consistent with the Company’s strategic diversification into critical minerals. The scale and geology of the Project is similar to many worldclass REE mines hosted in carbonatite. The demonstrated REE mineralisation at the Project is highly encouraging and the Company is excited to start work on Schryburt Lake. Planning is underway to commence exploration for the summer field season in Ontario shortly. “