Megado Minerals Ltd
Megado Minerals Limited is an Australia-based mining exploration company focused on critical minerals and gold in the European Union (EU) and Canada.
The business
Megado Minerals Limited is an Australia-based mining exploration company focused on critical minerals and gold in the European Union (EU) and Canada. The Company's projects include North Fork Rare Earth Project, Cyclone Lithium Project, Iberian Copper Project, and K Lithium Project. The North Fork Rare Earth Project is located approximately 40 kilometers (kms) north-west of Salmon in the Salmon-Challis National Forest, Lemhi County, Idaho. The project includes approximately 499 unpatented mining lode claims covering approximately 10,309 acres (42 square kilometers (km2)). The Cyclone Lithium Project covers an area of around 130 km2 and includes approximately 304 claims. The project is located in Quebec's James Bay region and centered on the Aquilon Greenstone Belt. The K Lithium Project covers an area of 16 km2 and is considered prospective for lithium, caesium, tantalum, and rubidium. The Iberian Copper Project is located in Northern Spain in the provinces of Navarra and Aragon.
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Latest news
Australian explorers rush to join Canada’s lithium boom
The call of Canada is being heard clearly by Australian lithium hopefuls, with some of the best-known names from the Aussie mining boom heading north to ride a wave driven by the US Government’s trade protection policies. Ken Brinsden, the key man in growing Pilbara Minerals (ASX: PLS) from penny dreadful to $13 billion member […]
Megado Minerals bolts lithium project on to its critical metals portfolio
Lithium will be sought in parallel to rare earths at Megado Minerals (ASX: MEG) with the junior acquiring a 130sq km lithium property in Canada’s exploration hotspot of James Bay, Quebec. The company, which also owns the North Fork rare earths project in Idaho, says the new Cyclone lithium project in Canada includes a package […]
Megado Gold kicks off maiden drilling program in Ethiopia
Ethiopia explorer Megado Gold (ASX: MEG) has begun a maiden drilling program on the key Babicho project where, in the 1990s, sampling delineated a “coherent and highly significant” 2km-long gold-in-soil anomaly. This anomaly coincides with a major north-south trending shear zone that hosts the Lega Dembi and Sakaro gold deposits (with more than 3 million ounces between […]
Megado Gold confirms safety of onsite exploration team amid political unrest in Ethiopia
Explorer Megado Gold (ASX: MEG) has assured the market that its Ethiopia-based team remains safe amid rising security concerns in the country’s northern Tigray region, approximately 1,000 kilometres from the company’s flagship gold projects. Megado said it would continue to monitor the evolving situation, which started earlier this month when conflict broke out between the […]
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