Brunswick Exploration (TSX-V:BRW) CEO Killian Charles says the release of a maiden resource estimate for the Mirage Project in Canada, positions the company as “one of the most aggressive” lithium explorers globally.
The maiden inferred resource totals 52.2 million tonnes @ 1.08% lithium oxide and 131 parts per million tantalum pentoxide for a total contained lithium in excess of 550,000 tonnes.
Brunswick Exploration says this puts Mirage among the “largest undeveloped hard-rock lithium resources in the Americas”.
An additional exploration target was also delivered, ranging between 40-50 million tonnes @ 0.80-1.10% lithium oxide and 120-145ppm tantalum pentoxide. The company says this indicates an opportunity for continued near-term growth at Mirage.
Charles notes that over the last 30 months, the company has made multiple discoveries across Québec and built a new international portfolio in under-explored jurisdictions such as Greenland and now Saudi Arabia.
“As we begin a new year, we strongly believe the next 12 months will be very exciting for the company as we execute our unique strategy that is focused on global grassroot lithium exploration and development,” the CEO says.
“Importantly, the majority of the resource is near-surface and largely contained within five main dykes which we believe will be very beneficial in future economic studies.
“This mineral resource estimate further underscores the distinctive status of the Eeyou Istchee James Bay region for lithium endowment and, between Mirage and our burgeoning Anatacau discovery where drilling will begin in the coming weeks, Brunswick Exploration is well-positioned to benefit from future development as this region transforms into a lithium powerhouse.”
At the end of 2025, Brunswick Exploration was preparing for an aggressive start to 2026, after completing a non-brokered private placement of C$2.12 million ($2.28 million).
Brunswick intends to drill a recent discovery at Anatacau, as well as an expanding drilling program ahead of continuing prospecting in Saudi Arabia.
As Mining.com.au reported, Saudi Arabia’s mining sector is shifting from a long-term ambition to a near-term investment hot-spot, underpinned by mineral potential estimated at US$2.5 trillion ($3.73 trillion).
According to the Future Minerals Forum (FMF), the number of licenced mining companies operating in Saudi Arabia has grown from six in 2019 to more than 150, while exploration expenditure reached SAR$1.33 billion between 2019 and 2023.
International recognition has also followed, as the Fraser Institute’s 2024 Annual Survey of Mining Companies reports that Saudi Arabia is ranked first globally for political stability and fifth for socio-economic agreements.
Saudi Arabia is also ranked seventh for environmental regulation and 23rd on the Investment Attractiveness Index, up from 104th in 2013.
The Future Minerals Forum is a government-led mineral platform – held between 13-15 January in Riyadh, Saudi Arabia – bringing together industry leaders, experts, governments, academia, and stakeholders to drive mineral resilience and prompt responsible supply.
FMF’s 2026 theme ‘Dawn of a Global’ suggests a shift in how the minerals sector positions itself globally. The theme represents two meanings for FMF – a commitment by countries to collaborate and a development-driven agenda.
Mining.com.au is a media partner for this year’s Future Minerals Forum and will be on the ground.
Write to Aaliyah Rogan at Mining.com.au
Images: Brunswick Exploration
