Lions Bay Capital announces that initial limited sampling results from the first five samples from five aircore holes on EL6968 held by Savic Pty Ltd. confirm that the rare earth mineralisation reported by Australian Rare Earths on the adjacent leases extends into the Savic area. The following report and map has been received by LBI's consultants SRK Consulting: Assay results from five samples have been released by the [...]
Lions Bay Capital announces that on Dec 3, 2021, it acquired ownership of an additional 7,400,000 common shares of Fidelity Minerals by way of warrant exercises for total consideration of $388,000. Prior to the Acquisition, the Acquiror owned an aggregate of 25,311,811 common shares of the Issuer, representing approximately 40.81% of the issued and outstanding common shares of the Issuer on an undiluted basis. As a result [...]
Lions Bay Capital provides an update on the previously announced loan and option agreement with Salamander Mining. Lions Bay has been advised by Salamander that construction of the new 20,000 tonne per month gold tailings treatment plant is now complete and civil works for the instillation are underway. Salamander has applied for an import duty exemption from the Zimbabwean Investment Authority and the plant will be moved [...]
Lions Bay Capital announces that it has sold 106,904 common shares of Li-Metal Corp. for gross proceeds of approximately $851K. The proceeds will be used for working capital purposes including: further assessment of the Company's optioned mineral tenements held by Savic Pty Ltd. in Western Victoria; further support of the Company's loan and option agreement with Salamander Mining International Ltd in South Africa [...]
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