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Si6 Metals (ASX: $SI6) to acquire 50% interest in Brazilian exploration licenses

Si6 Metals quarterly report highlights


Si6 Metals Limited (ASX: $SI6) has released its quarterly report for the period ending 31st December 2023. The company is set to complete the acquisition of a 50% interest in a portfolio of exploration licences in Brazil from Foxfire Metals Pty Ltd. The acquisition includes highly prospective rare earth elements and lithium licenses, with an exploration program planned to commence in Brazil and Botswana post-acquisition.

Executive commentary on acquisition and exploration plans


The acquisition of a 50% interest in the Brazilian exploration licenses marks a significant milestone for Si6 Metals. The company is eager to commence the exploration program in Brazil and Botswana, with a focus on rare earth elements and lithium projects. We are confident that these projects hold great potential and are in line with our strategic objectives for diversification and growth.

Summary of quarterly report and outlook


Si6 Metals (ASX: $SI6) has reported on its upcoming acquisition of a 50% interest in a portfolio of exploration licences in Brazil from Foxfire Metals Pty Ltd. The company plans to commence an exploration program in Brazil and Botswana post-acquisition, with a focus on rare earth elements and lithium projects. The acquisition is expected to enhance the company's strategic objectives for diversification and growth, positioning Si6 Metals for potential future success in the critical metals and minerals sector.

Sourcehttps://announcements.asx.com.au/asxpdf/20240131/pdf/05zymt675jzpfs.pdf

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