Kingston raises cash for lithium play

ASX-listed copper explorer Kingston Resources has entered the lithium space, announcing on Friday that it would acquire a major portfolio of lithium-prospective tenements in Western Australia and the Northern Territory. In exchange for A$500 000 in cash and the issue of 165-million shares, Kingston would acquire 20 lithium prospective tenement applications in Western Australia and the Northern Territory, covering four key project areas, namely Mt Cattlin, Greenbushes, Bynoe/Wingate and North Arunta.