MPJ expands lithium portfolio

Published at Mar 29, 2016, in Small Caps

Mining Projects Group (ASX:MPJ) has cemented its strategic position as a lithium hotspot via the acquisition of the Wodgina East Project.

The Wodgina East Project is well positioned in the heart of one of the world’s most significant emerging mining centres for lithium and tantalum.

It is located adjacent to Global Advanced Metals’ Wodgina Tantalum Mine, one of the world’s largest hard rock tantalum resources, and is just 17km from Pilbara Minerals’ world-class Pilgangoora Lithium Project.

The acquisition strengthens MPJ’s position further after it recently acquired Pilbara Gold lithium Project, which abuts Pilbara Minerals’ Pilgangoora Project, which reportedly has a resource of 80.2Mt grading 1.26% Li2O. It also contains a number of high priority lithium pegmatite targets defined by recent radiometric surveys.

The Wodgina East tenement is close to vital infrastructure and is traversed by the Great Northern Highway which connects the project with Port Hedland.

Previous mapping of the area conducted by Atlas Iron found extensive pegmatite swarms on the project tenements extending over strike length of 4km. Recent rock chip sampling confirmed the lithium bearing nature of the pegmatites.

MPJ Managing Director Josh Wellish said of the acquisition, “This region is rapidly emerging as a major new global mining centre for lithium-spodumene concentrates, with several world-class deposits already identified and the potential for more discoveries to come.

“Ongoing project evaluation, including compilation of all available geoscientific data sets, detailed mapping, sampling and mineralogical investigations is already in progress and we are looking forward to the start of ground-based exploration activities.”

MPJ will issue 40 million shares on signing the deal and will issue a further 20 million shares once the tenement area is granted and completion takes place.

Milestone shares will also be on offer.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!