https://newsletter.mw.creamermedia.com
Exploration|Mining|Resources
Exploration|Mining|Resources
exploration|mining|resources

SQM buys 30% stake in Pirra Lithium

23rd October 2023

By: Creamer Media Reporter

     

Font size: - +

Lithium major SQM has agreed to buy a 30% interest in Pirra Lithium, which holds extensive lithium exploration acreage in the Pilbara, and ultimately increasing its ownership to 40% by injecting A$3-million to fund further exploration.

SQM Australia will acquire the interest from Haoma Mining, Calidus Resources said on Monday.

“SQM’s acquisition of a large stake in Pirra is a big vote of confidence in the prospectivity of the company’s lithium exploration acreage in the Pilbara.

“With an increased landholding of over 1 411 km2 in the Pilbara, Pirra is now funded to rapidly progress exploration across these tenements,” said Calidus MD Dave Reeves.

The initial focus will be on the Tabba Tabba South tenements, which lie immediately along strike from known lithium occurrences and on a belt that hosts significant lithium resources.

Calidus would maintain its position in Pirra at 40%, owing to the significant potential of the land package, said Reeves.

“[The company] will reassess its options for this holding as exploration continues. In line with this approach, there is no plan to seek an initial public offering of Pirra in the immediate term,” said Reeves.

Edited by Creamer Media Reporter

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (29/08/2025)
29th August 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 0.129s - 127pq - 2rq
Subscribe Now