Bubalus Secures Heritage Clearance for Drilling at Malinda East Lithium Target; Shares Fell 8%

MT Newswires Live

2025/05/27

Bubalus Resources (ASX:BUS) has completed a heritage clearance survey over 40 hectares at its Yinnietharra Lithium Project in Western Australia, enabling a maiden drilling program at the Malinda East prospect owned by Delta Lithium (ASX:DLI), according to a Tuesday filing with the Australian bourse.

Malinda East features soil anomalies with lithium and caesium, the filing said.

The company is now assessing the best approach to advance the drill-ready prospect, the filing added.

Shares of the company fell 8%, while shares of Delta rose 4% in recent Tuesday trade.

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