Westgold strikes new lithium royalties deal

Gold miner Westgold Resources has struck a revised royalty sale agreement for the lithium royalties on its Mt Marion and Buldania projects, in Western Australia, with Silverstream SEZC.

Westgold in December of last year struck an initial agreement with Silverstream over the lithium rights of its projects, but later that same month received a competing offer from Cobalt 27 Capital for A$250 000 in cash and 200 t of cobalt metal in exchange for its lithium rights.