Midas’ is earning into the 718km2 Yellowknife Lithium Project (“YLP”) located near Yellowknife, NWT, Canada.

Midas has the right to earn up to an 80% interest in the critical mineral rights (including lithium and associated pegmatite minerals and rare earths deposits).

Initial work by Midas personnel has included very wide-spaced pegmatite mapping and sampling over several hundred square kilometres with the aim to gain an understanding of the variability of pegmatite fractionation in this large prospective pegmatite field. At least 8 pegmatites have so far been confirmed to exhibit high levels of fractionation and to contain visible spodumene and/or apparent tantalum minerals.

The Yellowknife region is well known for pegmatites containing tantalum and lithium minerals related to multiple fertile stocks of the Prosperous Granite Complex. Several other explorers are active in the area including Li-FT Power Ltd (CSE: LIFT) (“Li-FT”) and Patriot Battery Metals Inc (TSXV: PMET, ASX: PMT) / Loyal Lithium Limited (ASX: LLI)

Further reading (ASX announcements):

• 14/06/23 – Midas confirms multiple spodumene targets at Yellowknife
• 01/06/23 – Midas Signs binding earn-in for Yellowknife Lithium Project
• 05/04/23 – Proposed agreement for Yellowknife Lithium Project, Canada