The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Omnia Metals (OM1) calls on Canadian consulting firm APEX Geoscience to help “rapidly” advance the Lac des Montagnes project — an OM1 acquisition target in Quebec
  • APEX will provide in-country geological services and technical reporting as part of Omnia’s due diligence work
  • OM1 says over 40 pegmatite granites have been mapped in the project area, of which seven are considered “high-priority” given their prospectivity for lithium
  • Omnia and APEX will review each priority target ahead of an “aggressive exploration push” at the completion of the acquisition
  • Shares in OM1 are up 13.04 per cent and trading at 26 cents at 11:44 am AEDT

Omnia Metals (OM1) has called on Canadian consulting firm APEX Geoscience to help “rapidly” advance the Lac des Montagnes project — an OM1 acquisition target in Quebec.

APEX will provide in-country geological services and technical reporting as part of Omnia’s due diligence work.

OM1 said over 40 pegmatite granites had been mapped in the project area, of which seven were considered “high-priority” given their prospectivity for lithium.

As such, Omnia and APEX will review each priority target ahead of a planned “aggressive exploration push” following the completion of the acquisition.

Omnia Executive Director James Warren said APEX was the right fit to help prepare the company for its exploration plans that lay ahead in 2023.

“APEX Geoscience brings a wealth of local knowledge and a high-quality team which Omnia will leverage off as we begin our discovery journey at the Lac des Montagnes project,” Mr Warren said.

The company confirmed exploration would focus on mapped pegmatite granites that had previously been identified by the Government of Quebec’s Ministère des Ressources Naturelles et des Forêts (MERN) as highly prospective to host spodumene.

In February, Omnia agreed to acquire a 540 sqkm package with 110 kilometres of strike within the James bay region in Quebec.

“Our due diligence process continues to provide us with the confidence that the Lac des Montagnes project represents an excellent, belt-scale, exploration and discovery opportunity,” Mr Warren said.

He said there was an element of excitement ahead of exploration given the rapidly emerging James Bay region in Quebec.

Shares in OM1 were up 13.04 per cent and trading at 26 cents at 11:44 am AEDT.

OM1 by the numbers
More From The Market Online

Will copper prices continue to run? A look at how we got here & what experts think

Copper is having a bull run in YTD – that much is clear. So where do…

Aspire Mining secures approval for Ovoot Coking Coal Project road in Mongolia

Aspire Mining (ASX:AKM) has announced the approval of the Detailed Environmental Impact Assessment (DEIA) for the…

Adore CEO steps down as revenues go up

Adore Beauty's chief executive officer is stepping down at the same time that the company's quarterly…