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Why Has Galileo Mining Extended Its Norseman Lithium JV with Mineral Resources?

1:15am on Monday 2nd of June, 2025 AEST • Mining
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Why Has Galileo Mining Extended Its Norseman Lithium JV with Mineral Resources?

1:15am on Monday 2nd of June, 2025 AEST
Key Points
  • Six-month extension for $2.5 million tranche payment to Galileo
  • Two-year extension to Mineral Resources’ earn-in period to June 2030
  • Mineral Resources to increase stake from 30% to 55% by spending $15 million
  • Removal of prospecting licences from joint venture tenements
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