The joint venture encompasses Kalamazoo's DOM's Hill and Marble Bar tenure.
DOM's Hill is 50km from Pilbara Minerals' major Pilgangoora lithium/spodumene operation and covers 122sq.km, while the Marble Bar ground is 25km south of Global Lithium's 10.5 million tonne Archer deposit.
SQM already has a major beachhead in the Western Australian lithium sector via its joint venture with Wesfarmers at the Mt Holland project encompassing a mine, concentrator and refinery that's expected to produce first hydroxide in 2024.
Kalamazoo's focus is its Ashburton gold play where it aims to increase oxide/sulphide resources of 1.65 million ounces "well past" 2Moz.
Kalamazoo had $4 million cash at the end of the September quarter.
