How Lithium Plus’s New Mining Lease Could Transform Its Lithium Future
Lithium Plus Minerals has secured a 20-year mining lease for its Lei Lithium Project and progressed key environmental and mining studies, while also preparing exploration programs for its gold and critical minerals projects.
- Mining Lease ML 33873 granted for Lei Lithium Project with 20-year tenure
- Supplementary Environmental Report preparation underway with EcOz Environmental Consulting
- Exploration programs developed for Wingate Gold and Spotted Wonder lithium projects
- Moonlight Resources Ltd successfully listed on ASX; Lithium Plus retains 10.6% stake
- Cash balance of A$1.78 million with no debt and A$169,000 spent on exploration
Lei Lithium Project Secures Long-Term Tenure
Lithium Plus Minerals Limited (ASX – LPM) has marked a significant milestone with the official granting of Mining Lease ML 33873 for its Lei Lithium Project in the Northern Territory. This 20-year lease secures the company’s tenure over approximately 295 hectares on the Cox Peninsula, positioning the project for potential underground lithium mining operations. The Lei deposit, located about 71.5 km from Darwin Port, is planned as a low capital expenditure, direct shipping ore (DSO) operation, with ore to be processed offshore in China.
Advancing Environmental and Mining Studies
During the quarter, Lithium Plus engaged EcOz Environmental Consulting to manage the preparation and submission of a Supplementary Environmental Report (SER), a critical step in the regulatory approval process. The company has also commenced targeted studies on socio-economic impacts, cultural heritage, and inland water quality, reflecting a comprehensive approach to environmental due diligence. Groundwater modelling and mine waste characterisation are nearing completion, informing water management and waste strategies essential for future mine planning.
Mining studies progressed with detailed mine design and scheduling, capital and operating cost assessments, and evaluation of infrastructure and logistics options. These efforts aim to de-risk the project and support a clear development pathway.
Exploration Programs for Gold and Critical Minerals
Beyond Lei, Lithium Plus has developed exploration programs for its Wingate Gold Project and Spotted Wonder lithium and critical minerals projects. The Wingate Project includes the historic Fletcher’s Gully goldfield, where high-grade gold mineralisation was previously mined but remains underexplored. The company plans to initiate on-ground exploration activities, including detailed mapping, sampling, and maiden drilling campaigns, once seasonal conditions improve.
Corporate Developments and Financial Position
In December 2025, Lithium Plus’s former subsidiary, Moonlight Resources Ltd (ASX – ML8), successfully listed on the ASX, raising $10 million. Lithium Plus retains a 10.6% stake in Moonlight, which focuses on gold and rare earth element-uranium exploration. The company ended the quarter with a cash balance of A$1.78 million, no debt, and incurred A$169,000 in exploration expenditure, maintaining a solid financial footing to support ongoing activities.
With the lithium market showing signs of rebalancing and medium- to long-term demand expected to remain robust due to electric vehicle and battery storage growth, Lithium Plus is well-positioned to advance its projects and create shareholder value.
Bottom Line?
As Lithium Plus advances regulatory approvals and exploration, the next quarter will be pivotal in transitioning from studies to on-ground activities and unlocking value in its lithium and gold assets.
Questions in the middle?
- When will the Supplementary Environmental Report be finalized and approved?
- What are the expected timelines and capital requirements for Lei Lithium Project’s development?
- How will Moonlight Resources’ ASX listing impact Lithium Plus’s strategic focus and portfolio?
