Lycaon Resources Ltd. (AU:LYN) has released an update.
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Lycaon Resources Ltd. triumphs in a competitive ballot, securing exploration rights to a tenement rich in lithium and copper potential, adjacent to significant projects by Kali Metals and SQM in Western Australia’s Pilbara region. Historical data from the Myrnas Hill prospect within the tenement shows high-grade copper and gold samples, prompting Lycaon to plan detailed geological reviews and exploration work later this year. The company also anticipates conducting heritage surveys in the West Arunta area, a largely untapped region with potential for major mineral discoveries.
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