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AZL - ARIZONA LITHIUM LIMITED


blacksheep
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A busy day on the ASX for Klaus Eckhof - this time he's got a couple of lithium projects lined up in the USA - and another load of options. Appears he's bringing on board the same team as TYX.

 

HWK was recently recapitalised/renamed - previously ZYL. Also has on the top 20 register Evan Cranston and Tolga Kumova, via their private companies - KONKERA PL and SISU INTNL PL

 

These battery mineral projects are being churned out like sausages on the ASX - so take care

 

HIGHLIGHTS

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Option agreement executed to acquire 100% of USA Lithium Limited

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Klaus Eckhof and Paul Lloyd to be appointed directors of Hawkstone

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ USA Lithium owns 100% of two highly prospective lithium projects:

− Big Sandy Clay based lithium project located in Arizona

− Lordsburg Lithium Brine project located in New Mexico

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Both projects provide excellent exploration potential with immediate walk up drill

targets based on previous successful exploration

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Big Sandy: multi-kilometre, lithium mineralised lacustrine ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“green clayÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ horizon with high

grade surface soil assay results from weathered zone

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Big Sandy 17-hole diamond drilling programme lodged with the Bureau of Land

Management - drilling to commence immediately after approval

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Lordsburg subject to no modern exploration (Clayton Valley look alike): encouraging

surface sample assay results

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Greg Smith to join as Chief Technical Officer to lead exploration

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Company exploration activities to be fully funded via a placement to Institutional and

sophisticated investors to raise A$3M, with A$2.5M subject to shareholder approval

 

BOARD CHANGES

Subject to shareholder approval, Mr Paul Lloyd will be joining the Company as Executive Chairman and Mr

Klaus Eckhof as a Non-Executive Director.

As part of the transaction and subject to shareholder approval, Hawkstone will issue two separate tranches

of 45,000,000 unlisted options each (90,000,000 in total), over shares in the capital of Hawkstone

(Director/Executive Options).

The Director/Executive Options are to be issued equally to each of Mr Klaus Eckhof, Mr Paul Lloyd and Mr

Greg Smith (or their nominees) on the following terms.

1. Tranche 1 - 15,000,000 Hawkstone unlisted options exercisable at $0.04 per option and expiring

4 years from the date of issue; and

2. Tranche 2 - 15,000,000 Hawkstone unlisted options exercisable at $0.05 per option and expiring

4 years from the date of issue

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  • 2 months later...

Hawkstone Mining walks away from US lithium deal

Shares in AustraliaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Hawkstone Mining (ASX:HWK) dropped almost 23% on Friday after the company said it wouldnÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t proceed with the acquisition of USA Lithium.

 

The botched deal would have added two lithium projects ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ the Big Sandy lithium clay project in Arizona and the Lordsburg lithium brine project in New Mexico ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ to HawkstoneÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s portfolio.

 

The company had warned last month it t was in discussions with USA Lithium to amend an acquisition agreement signed in March. The intention was to de-risk the transaction, but Hawkstone said on Friday the parties were unable to reach an agreement, and the mutual decision was taken to terminate the acquisition agreements.

 

Deal would have added two lithium projects ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ the Big Sandy lithium clay project in Arizona and the Lordsburg lithium brine project in New Mexico ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ to companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s portfolio.

Thorn Mining (ASX: THR), which holds a "material" interest in USA Lithium after acquiring the stake from Pembridge Resources (LON:PERE) last year, said it was considering alternative options for its projects.

http://www.mining.com/hawkstone-mining-wal...s-lithium-deal/

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  • 3 years later...

On 04 October, 2021, Hawkstone Mining Limited (HWK) changed its name and ASX code to Arizona Lithium Limited (AZL).

 

Hawkstone Mining Limited (HWK, formerly ZYL Limited) held a diversified US asset portfolio, across Gold, Copper and Lithium. The Company's three gold projects in Nevada, Idaho and Utah are situated in highly mineralised districts adjacent to large scale producers or existing substantial gold resources.

so these earlier projects look to have fallen by the wayside, and the mineral de jour is the new focus.

There is a prospectus out and mention is made of a company called DIABLO RESOURCES LIMITED on the current web page.

Review of Operations

 

Arizona Lithium Limited

The 2021 year has been a very active one for the Company with exploration and project acquisition building the portfolio of lithium and gold projects.

Highlights of the year include:

• The planned spin out of the gold projects, Devil’s Canyon, Western Desert and Lone Pine into a new company, Diablo Resources Limited, leaving Arizona to become a lithium focused explorer. The company was renamed Arizona Lithium Limited on 2 September 2021 and will focus on the Big Sandy and Lordsburg Lithium Projects.

• Excellent results from ongoing metallurgical testwork by Hazen Research on the Big Sandy mineralised material with the production of 99.8% battery grade lithium;

• A successful maiden drill programme on the Lone Pine Gold Project in conjunction with extensive rock chip sampling and the acquisition of the King Solomon mine leading to a major expansion of project.

• Acquisition of the Devil’s Canyon Gold Copper Project located in the “Carlin Gold Trend”. Highly anomalous rock samples were reported from several areas in the project with peak results of 191.5 g/t Gold (Au), 524 g/t Silver (Ag) and 10.25% Copper (Cu);

• The Western Desert Gold Copper Project was significantly expanded and exploration consisted of both ground magnetic and gravity surveys to complement the stream sediment geochemical programs, geological mapping and photogeological interpretation.

 

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  • 3 weeks later...

On 04 October, 2021, Hawkstone Mining Limited (HWK) changed its name and ASX code to Arizona Lithium Limited (AZL).

..... and on 04 October, AZL was 4.1c. Some three weeks later it is up over 100% at 9.3c.

During this rise, the ASX issued a Price and Volume Query; the company answered that nothing was untoward:

1. No
2. N/A
3. The Company notes that lithium carbonate prices in China have traded at record highs in October.
The Company’s 100% owned Big Sandy Project, located in the US Battery Corridor in Arizona hosts a JORC compliant Maiden Mineral Resource, with a Total Indicated and Inferred Resource of 32.5 Million Tonnes (Mt) grading 1,850 parts per million (ppm) Li, or 320,800 tonnes Lithium Carbonate Equivalent (LCE), reported above an 800 ppm Li cutoff.
The Company has recently completed the spin-out of its gold and copper assets to Diablo Resources Limited and has returned to a being a lithium focused explorer and developer.
4. In Compliance

.... however with large volumes going through (220mill today) there is vigilance by ASIC that there is no Pump n Dump activity taking place.

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All week AZL held onto its gains, moving in the 8.5c to 9.5c range on good volume, and closing last night at 8.9c . But, as per usual, the opportunity to get some more money in the door proved hard to resist.

Quote

Arizona Lithium is tapping institutional investors for $12 million, with the funds set to go toward drilling, a pilot plant and research facility and the purchase of water rights. The company flagship project is the Big Sandy Project, located in Arizona. The US state is a fast growing mining destinations, and is now the worlds fourth largest copper producer.

Quote

The offer is priced at 7.5¢ per share , a 15.7 per cent discount to last close , and it comes with one free attaching option exercisable at 12¢, expiring 12 months from issue.
The company has mandated Evolution Capital and PAC Partners as joint lead managers for the raise.

 

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  • ShareCafe Admin changed the title to AZL - ARIZONA LITHIUM LIMITED

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