Ronin has announced its acquisition of the Hornby Lake Project

Ronin Resources Limited (ASX: RON) has announced its acquisition of the Hornby Lake Project, a 123 square kilometer lithium exploration site in Ontario, Canada. The project consists of 622 contiguous lithium exploration claims and is located 15 kilometers west of Frontier Lithium Inc's PAK and Spark lithium projects. The presence of outcropping pegmatites, which are known to contain lithium mineralization, has been supported by aerial photography analysis and historical field observations.

Ronin plans to begin exploration activities in early Q3 2023, starting with a desktop review and target identification, followed by surface mapping and geochemical sampling of the pegmatites. The company has secured firm commitments to raise $300,000 to support the exploration efforts. Ronin also announced the appointment of experienced geologist Marnus Bothma to its Board. The acquisition of the Hornby Lake Project allows Ronin to diversify its portfolio and gain exposure to lithium exploration in a prominent mining jurisdiction.

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