---
title: "Lithium Plus Advances Lei Lithium Project Toward Near-Term Development"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284680349.md"
description: "Lithium Plus Minerals Ltd. is making significant progress on its Lei Lithium Project, having secured a 20-year mining lease and confirmed a mineral resource of 4.09Mt at 1.43% Li2O. The company is pursuing an underground operation with support from Canmax Technologies and has initiated a $2.15m placement to fund development. The project is strategically located near Darwin Port, facilitating links to Chinese lithium markets. The current market cap is A$19.29M, with a technical sentiment signal indicating a 'Buy'."
datetime: "2026-04-30T02:29:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284680349.md)
  - [en](https://longbridge.com/en/news/284680349.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284680349.md)
generator: "portal-rs"
---

# Lithium Plus Advances Lei Lithium Project Toward Near-Term Development

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An announcement from Lithium Plus Minerals Ltd. ( (AU:LPM) ) is now available.

Lithium Plus reported steady progress at its Lei Lithium Project during the March quarter, advancing regulatory approvals, securing long-term tenure through a 20-year mining lease, and confirming a 4.09Mt at 1.43% Li2O mineral resource that remains open at depth. The company is pursuing an underground direct shipped ore operation supported by strong metallurgical recoveries, a non-binding offtake and potential financing partnership with Canmax Technologies, and an Investment Framework Agreement with a bonded zone in China, while a $2.15m placement and upcoming drilling program aim to fund development and expand the resource base ahead of a near-term development decision.

**More about Lithium Plus Minerals Ltd.**

Lithium Plus Minerals Ltd. is an Australian lithium exploration and development company focused on its 100%-owned Lei Lithium Development Project in the Northern Territory. The company is targeting a scalable direct shipped ore operation supported by a defined mineral resource and proximity to Darwin Port, with downstream links into Chinese lithium hydroxide conversion and trading hubs.

**Average Trading Volume:** 57,833

**Technical Sentiment Signal:** Buy

**Current Market Cap:** A$19.29M

Learn more about LPM stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**