Trek Metals

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Trek has been assessing exploration tenure in Australia where there may be an opportunity to explore for lithium-in-brines due to the presence of favourable target horizons that are being exploited for geothermal energy.

Trek Metals is pleased to advise that it has signed an agreement with Strike Energy Limited (ASX: STX – “Strike”). Strike is proposing to develop the Mid-West Geothermal Power Project and as part of this proposed development, Strike has applied for a Geothermal Exploration Permit, application pending.

The Agreement forms part of a regional exploration initiative under which Trek has been assessing exploration tenure in Western Australia where there may be an opportunity to explore for lithium-in-brines due to the presence of favourable target horizons that are being exploited for geothermal energy.

Trek has several battery metals focused projects across its portfolio in the Pilbara region of WA and, while its major focus is on hard rock lithium, nickel-copper and manganese projects, it is also considering value-add opportunities in exploring for lithium-in-brines.

Trek has four granted mineral exploration licenses held by 100% owned subsidiary Anaheim Pty Ltd in the Midwest region which overlap Strike Energy’s Geothermal Power Project – which is based on the Kingia Sandstones target horizon.

In the event that Trek identifies a sufficient quantity and quality of lithium within the brine sample, the two parties will then consider a potential further agreement that may govern the next stage of a potential project, including further drilling of wells and testing for lithium brines; and undertaking further investigation on the interaction between direct lithium extraction (DLE) technology and geothermal power projects.