The Limestone Well vanadium tenements lie north along strike from the Neometalis-owned Barrambie titanium-vanadium deposit, approximately 90km southeast of Meekatharra.
Auteco has entered into a joint venture arrangement with Mithril Resources Limited and can earn up to an 80% interest in two exploration licences 20/846 and 51/1069
The joint venture will occur in two stages. Auteco must spend a minimum of $150,000 in the first year before being able to withdraw. In stage one, the company can earn up to 60 percent of Limestone Well by spending $1.5 million on exploration within three years and an additional 20% by spending a further $1 million over two years.