Projects

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 a strong focus on exploring for battery metals 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 three granted and two pending 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.

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Read more in the ASX Announcement here.