Jadar Lithium has a total of 139 exploration licenses covering approx. 323km2 across two rapidly emerging lithium producing countries – Serbia and Austria. Two of Jadar’s licenses located in Serbia have a very similar geological setting to Rio Tinto’s world-class Jadarite discovery – one of the world’s largest lithium deposits.
Jadar’s deposit is essentially a borate deposit with high grade lithium co-product. Lithium is used in batteries that are long-lasting and re-chargeable. Europe is proposing to construct multiple battery processing and production plants. Jadar is well positioned in the European market to supply these facilities.
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