Argos Strontium Deposit
Dateline Resources Limited has agreed to acquire an 80% interest in the Argos Strontium Project, located approximately 100 kilometres away from the Colosseum Gold and Rare Earths project in San Bernardino, California.
Strontium is used in the manufacture of high-performance ferrite permanent magnets.
Ferrite magnets have recently been increasingly viewed as a possible low-cost alternative for Neodymium-based permanent magnets in electric vehicle motors.
The Argos deposit comprises four patented mining claims covering 75 acres and is considered the largest strontium deposit in the USA.
Dateline is specifically interested in strontium’s application in the future of permanent magnets for EV car manufacture, in particular where carmakers are looking to meet increased EV demand with lower cost options that are suitable for mass-market deployment.