FTL and SensOre collaborate via EXAI, partnering with Deutsche Rohstoff AG

Firetail Resources (ASX: FTL) partnered with SensOre via EXAI and Deutsche Rohstoff AG for the Yalgoo Lithium Project in Western Australia. Under the terms of this agreement, EXAI has the opportunity to acquire up to 80% of the Lithium Rights on E59/E2252 by investing AU$3.5 million in two stages. Additionally, there are provisions for further payments totaling up to AU$600,000 upon the delivery of the maiden Mineral Resource Estimate (“MRE”) and Pre-feasibility Study (“PFS”).

As per the agreement, SensOre will grant Firetail access to its unique AI technology, crucial for detecting Lithium-Caesium-Tantalum ("LCT") mineralization. Additionally, Firetail has initiated diamond drilling at its Picha Copper Project in Peru, intending to complete ten drill holes spanning around 5,000 meters.

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