Firering currently owns a 77% interest in Atex Mining Resources, which holds the Atex Project and holds an option to increase its interest to 90%.
Currently the Atex exploration licence is granted for Lithium, however it is intended that this will be amended to include Niobium-Tantalum, Tin and Gold upon applying for exploitation permits, as per the results of the exploration study. The renewal application was submitted on 6 August 2021 and the permit is now waiting final minister signature.
Initial reconnaissance stage exploration was carried out at the Atex project between 1953 and 1966. This work focused on geological mapping of the area with minor trenching, pitting and sampling that identified Lithium and Columbite-Tantalite mineralisation associated with the pegmatites.
Between 2006 and 2018, regional geophysical surveys were completed covering the project area targeting gold mineralisation. Firering has obtained access to the survey data and is in the process of completing the interpretation of the data.
From 2019, Atex Mining Resources conducted geological mapping and sampling of the pegmatites to assess their potential to host significant Lithium mineralisation.
The Atex Project is located in the western limit of the Bagoé Basin within the Baoulé-Mossi domain of the West African Cration. The Baoulé-Mossi domain is host to multiple gold, base metal, and Birimian-age pegmatite-hosted columbo-tantalite and lithium deposits. These pegmatites occur in Cote d’Ivoire, southwestern Mali, Ghana, south-western Niger and Burkina Faso.
The project area is underlain by a series of metavolcanic and metasedimentary rocks of the Birimian Supergroup that strike in a north-northeast direction along the length of the permit and are surrounded by Eburnean-aged granitoids, including undeformed K-feldspar porphyritic monzogranites, which are temporally associated with the pegmatites in the region.