Kidman Resources has won a court battle over a AUD200m ($153m) lithium deposit in Western Australia's Goldfields. The Supreme Court dismissed a claim by The Earl Grey that contended it had a binding contractual agreement to acquire the lithium rights for Kidman's Mount Holland operation. Marindi Metals find at Mount Holland is western Australia's second largest deposit of lithium, demand for which is booming thanks to new-generation batteries and electric vehicles.
Kidman Resources has won a court battle over a AUD200m ($153m) lithium deposit in Western Australia's Goldfields. The Supreme Court dismissed a claim by Marindi Metals that contended it had a binding contractual agreement to acquire the lithium rights for Kidman's Mount Holland operation. The Earl Grey find at Mount Holland is western Australia's second largest deposit of lithium, demand for which is booming thanks to new-generation batteries and electric vehicles.