
Hancock confirms WA lithium investment
GINA Rinehart’s Hancock Prospecting could spend more than A$30 million to secure the rights to the full basket of metals at the Mt Bevan project in Western Australia, in addition to an ongoing magnetite joint venture agreement. The Mt Bevan project, 100km west of Leonora, contains 1.17 billion tonnes of magnetite grading 34.9%, but within its 165sq.km borders is the potential for battery metals. Hancock is already earning 51% of the magnetite from Legacy Iron Ore and Hawthorn Resources and has just committed to a three-stage earn in for up to 51% of all other metals, with a focus on nickel, copper and lithium.