Sayona Mining accuses Wildcat Resources of falsely parading Pilbara mining land as its own
North American lithium producer Sayona Mining took to the ASX to scold Wildcat over its Tabba Tabba pre-feasibility study released on Tuesday.
Sayona claimed the PFS indicated 'key infrastructure' related to Tabba Tabba was located on Wildcat's turf. Northern Star Resources ultimately controls the disputed land via De Grey Mining, but Sayona holds the rights to explore for lithium.
'Sayona can confirm to its shareholders that its exploration activities will continue and that there is currently no agreement or licence in place which would allow Wildcat to develop the proposed infrastructure over this highly prospective tenement,' the company stated.
'While Sayona acknowledges that Wildcat has applied for various miscellaneous licences over (the tenement) it fails to mention that these applications have been objected to by parties with an interest in . . . and remain subject to Wardens Court proceedings.'
Sayona alleged Wildcat's assertion that there are 'no known impediments' to obtaining a licence was 'misleading'.
'Shareholders are assured that Sayona will vigorously defend the integrity of the company's tenements and rights to fully test the high potential lithium targets that are being developed in this area,' it stated.
A Wildcat spokesman in response said 'all modifying factors related to tenure' mentioned in the PFS announcement were 'clearly identified'.
The PFS outlined a $443 million cost to bring Tabba Tabba — located 80km by road south of Port Hedland — online.
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