The resources investor is the biggest backer of micro-cap Industrial Minerals, which has stuck a deal allowing it to extract lithium from Pilbara tenements.
is the latest high-profile mining sector figure to wade into the hot Pilbara lithium sector, getting exposure on Friday to tenements in the geological region known as the Tabba Tabba shear.
Those assays were conducted in the 1990s when the tenement was being explored for feldspar, sources said. At the time, lithium was a low-value byproduct of little interest to investors and explorers. The tenements are within a 20 kilometre area that is being closely watched by acquisitive lithium giants Mineral Resources and Sociedad Quimica Y Minera.Mineral Resources had been sounding out Wildcat shareholders
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