Tawana takes option over WA lithium project

Dual-listed Tawana Resources has signed an option agreement to earn into the Bald Hill lithium mine, in Western Australia. Under the terms of the agreement, Tawana will acquire all of the shares in Lithco for an option fee of A$25 000, payable immediately. The company can exercise the option at any time before the end of December for 50-million of its own shares.