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Abstract
(Marketwired - July 12, 2016) - Zadar Ventures Ltd. (the "Company") (TSX VENTURE: ZAD) (OTCQB: ZADDF) (FRANKFURT: ZAV) is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Macarthur Minerals Limited (TSX VENTURE: MMS) ("Macarthur Minerals") to farm into Macarthur Minerals' Ravensthorpe lithium acreage, in the Ravensthorpe region of South Western Australia, covering an area of 91 square kilometres, for minimum expenditure of A$2 million.
Macarthur Minerals, through its wholly owned subsidiary, Macarthur Lithium Pty Ltd and ZAD have entered into a binding MOU for entering into a Farm-in Agreement ("FIA") for lithium exploration on Macarthur Minerals' Ravensthorpe acreage.
Macarthur Minerals will manage the lithium exploration program for the Ravensthorpe acreage contributing the resources of its very experienced lithium technical team, comprising Emeritus Professor Ken Collerson, a member of the Company's lithium advisory board, Dr Andrew Scogings, Mr Graham Jeffress and Mr Ralph Porter from CSA Global Pty Ltd ("CSA Global"), who are independent Western Australia based consultants with substantial experience in lithium. Further details of the expertise of Professor Collerson, Dr Scogings, Mr Jeffress and Mr Porter are contained below.