The option includes a payment of $25,000 immediately and the final $25,000 at the conclusion of the due diligence phase, scheduled until 31 March 2014, according to Proactive Investors.
Expected to begin around the 10 January 2014, the exploration due diligence will include a geological team to be provided full access to the mine site, and to engage local labor obtain trenching samples as directed.
The company, which is currently focusing on Area 51 graphite project in Namibia, had recently signed a memorandum of understanding for a separate acquisition of 6 lithium mining claims in the country.
