Kali Metals, JX Advanced Metals sign binding deal for Southern Lachlan Project

Kali Metals Ltd said on Friday it and JX Advanced Metals have entered into a binding memorandum of understanding (MoU) for the Southern Lachlan Project. JX Advanced Metals will fund exploration up to A$700,000 until March 31, 2027, with Kali Metals to operate and manage the exploration in the initial phase. JX Advanced Metals will have the option to negotiate a farm-in or joint venture after this initial phase.