SensOre

Gateway Signs Lithium Exploration farm-in Agreement for Montague Project with SensOre Ltd

SensOre to fund up to $4.5 million in lithium-focused exploration over 4.5-years to earn 80% of the lithium rights at the Montague Gold Project

Gateway Mining Limited (ASX: GML) (Gateway or Company) is pleased to advise that it has executed a Farm- in Joint Venture agreement with ASX-listed specialist exploration group SensOre Limited (ASX: S3N) (S3N) to evaluate and target the lithium exploration potential at its flagship Montague Gold Project in WA’s Murchison region (Agreement).


Highlights:
  • SensOre Ltd (ASX: S3N) to explore selected tenements within the Montague Gold Project for lithium (and related by-products), utilising their proprietary SensOre DPT© technology to generate targets for field activities.
  • Gateway to retain all other mineral rights (including precious and base metals) within the tenements subject to the agreement.
  • SensOre to spend:
    • An initial $1.5 million (including a minimum of $750,000 in direct drilling expenditure) to earn a 51% interest in the lithium (and related by-product) rights within the selected tenements.
    • An additional $3.0 million (including a minimum of $1.5 million in direct drilling costs) to earn an additional 29% interest in the lithium (and related by-product) rights within the selected tenements.
  • Gateway is free-carried to delivery of a Bankable Feasibility Study, with the option to claw-back a further 10% interest in the lithium (and related by-product) rights.
  • Gateway to retain complete access to the tenements to continue its core gold exploration and development activities.
  • Farm-in Agreement represents a new and exciting strategic channel for Gateway, providing possible future exposure to the battery metals market.

Gateway’s Managing Director, Mr Mark Cossom, said: “This is a fantastic opportunity for Gateway, allowing a specialist exploration group to bring their proprietary technology to potentially unlock the lithium potential of our tenements – without Gateway having to redirect is resources away from its core gold exploration activities.

“Gateway retains significant exposure to the upside of this exploration, and the ability to increase its ultimate stake, should any significant discovery be made.

“In the meantime, we will continue to get on with our expansive 2023 exploration campaign, as outlined recently, targeting step-change discoveries and resource growth opportunities within the 526koz Montague Gold Project at a time when Australian gold prices are trading near their all-time highs.”

Click here for the full ASX Release

This article includes content from SensOre Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

S3N:AU
The Conversation (0)
Syntheia (CSE:SYAI)

Syntheia


Keep reading...Show less
Logos of OpenAI and Microsoft with "Tech 5" on an abstract tech-themed background.

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub

This week, Microsoft (NASDAQ:MSFT) and OpenAI's once tight alliance showed signs of strain, while Meta Platforms (NASDAQ:META) continued to source artificial intelligence (AI) talent from rival companies.

Meanwhile, SoftBank's (TSE:9434) CEO is considering a new chip and robotics venture in Arizona, and Google (NASDAQ:GOOGL) is looking to bring AI solutions to American cities.

Read on to dive deeper into this week's top tech stories.

Keep reading...Show less
Canadian flag waving in front of a mountain landscape.

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada’s tech sector saw momentum this week, with announcements spanning venture capital and quantum computing, as well as global policy leadership news out of the G7 summit.

Keep reading...Show less
Hand touching AI hologram with tech circuit pattern.

Tech 5: Meta Plans Multibillion AI Bet, Apple Reveals iOS 26 at WWDC 2025

This week saw a flurry of activity in the tech world, from Apple's (NASDAQ:AAPL) new product announcements to Amazon's (NASDAQ:AMZN) massive infrastructure investment in Pennsylvania. 

Meanwhile, NVIDIA's (NASDAQ:NVDA) European expansion and its role as an artificial intelligence (AI) powerhouse were all but cemented after a series of announcements at the Paris VivaTech Conference, and Mark Zuckerberg's Meta Platforms (NASDAQ:META) made big moves in the AI startup space.

Read on to dive deeper into this week's top tech stories.

Keep reading...Show less
3D model of an intricate oil reservoir.

Why 3D Visualisation is a Game Changer for Resource Asset Management

Forget spreadsheets and static blueprints. The future of resource asset management is unfolding in three dimensions, and smart money is starting to take notice.

3D visualisation is no longer a niche tool; it's rapidly becoming the indispensable core of how resource companies — such as mining, oil and gas and utilities — are tackling their most pressing challenges, from optimising daily operations to achieving critical environmental, social and governance objectives. For investors, this isn't just a technological upgrade; it's a paradigm shift with significant implications for portfolio performance.

Keep reading...Show less
Digital security concept with shield icon and abstract network design.

Tech 5: CoreWeave and Applied Digital Strike Deal, Startup Anduril Raises US$2.5 Billion

This week’s developments across the tech sector underscored the deepening connection between advanced computing, capital flows and geopolitical dynamics.

Applied Digital (NASDAQ:APLD) secured a landmark agreement with CoreWeave (NASDAQ:CRWV), while Broadcom’s (NASDAQ:AVGO) newest high-performance chip hit the market. Meanwhile, Canada’s Cohere is reportedly seeking fresh funding as it builds momentum in the enterprise artificial intelligence (AI) space.

In the defense sector, Anduril Industries secured a new round of funding, and elsewhere geopolitical tensions made their mark on Apple’s (NASDAQ:APPL) AI rollout in China.

Keep reading...Show less

Latest Press Releases

Related News

×