Olympio Metals Ltd (ASX:OLY, OTC:COPGF) is an Australian exploration company which recently boosted its portfolio of Australian and Canadian mineral projects with the acquisition of the Cadillac lithium project in the James Bay region of Quebec.
Managing director Sean Delaney joined Proactive on the floor at PDAC 2024 to discuss the company’s progress at the Cadillac project.
Proactive: Olympio Metals is an Australian company that's just made a big acquisition in Quebec.
SD: We acquired the Cadillac lithium project from Vision Lithium last August and got on the ground as quickly as we could. We started a drilling program in February, and those drillers did an amazing job despite the cold. We finished 26 holes across four different areas. I've just come from Val-d'Or, up there in the core shed with Explo-Logik, moving some core around and finishing the cutting and sampling.
Who is Explo-Logik? They seem very familiar with the project.
Explo-Logik, led by Suzy Tremblay, provides full-service exploration, permitting, and organizing of the drillers. They've done a great job and love the project for its accessibility from Val-d'Or.
Aside from the weather, how is your team finding the environment in Quebec?
They love it. We believe there's a big lithium system, but exploration requires drilling. We've just done the first program and are excited about the project's potential. Vision Lithium, now our major shareholders, believes in the project too.
What's coming down the pipeline for shareholders?
We have our Australian projects, including a rare earth project in South Australia, with results expected soon. Our focus for the next six to eight months will be on the Cadillac lithium project, waiting on drilling results to plan further drilling and exploration.
Quotes have been edited for clarity and style