South Star Battery Metals, Inc. is a mineral exploration company that primarily focuses on the exploration and development of lithium and lithium-related properties on the South Island of New Zealand. The company has recently entered into a Definitive Agreement to acquire three mining permits in the South Island.
South Star Battery Metals’ interests lie in the Delbrook Gold-Silver-Copper project; the Arta Copper-Gold-Silver project; and the Waihi-Creamery Tin-Tungsten-Tin project, which cover a collective area of over 6,350 hectares. South Star Battery Metals is set to acquire the three permits in a 100 percent buyout deal worth an estimated US$1.5 million.
South Star Battery Metals has a vision of revolutionizing global energy storage and to achieve this mission, it seeks to bolster its presence in the South Island community by leveraging the resources and local mining expertise. The Waihi-Creamery Tin-Tungsten-Tin project is South Star Battery Metals’ primary focus in the region, of which it aims to bring to production in 2021.
The Delbrook Gold-Silver-Copper project consists of one permit covering an area of 1,884 hectares. The permit lies on the west side of Lyell Creek, a tributary of the Oreti River, located in the eastern section of the South Island. Exploration has indicated a number of promising gold and copper targets, with field assessment awaiting management approval.
The Arta Copper-Gold-Silver project, located in the west of the South Island, consists of two permits covering an area of 4,470 hectares. Exploration at the site has been limited, but initial results have indicated a high potential for gold, silver, copper, and related metals. The company plans to continue further exploration and development in the near future.
South Star Battery Metals is well-positioned for growth and innovation within the lithium and related battery sector in the South Island. Through its aggressive acquisition and exploration activities, and its commitment to the local mining community, the company is set to have a strong presence in the region and become a key player in the global energy storage market.