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Why Are Galileo and Mineral Resources Pausing Lithium Exploration at Norseman?

8:32am on Friday 28th of November, 2025 AEDT Mining
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Why Are Galileo and Mineral Resources Pausing Lithium Exploration at Norseman?

8:32am on Friday 28th of November, 2025 AEDT
Key Points
  • Mineral Resources pays $1 million under Lithium Farm-In agreement
  • Earn-In Period suspended for up to two years from November 2025
  • Mineral Resources can conduct low-impact exploration during suspension
  • Restart of Earn-In requires $1.5 million payment and reduced $12.5 million expenditure
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