Mineral Commodities Ltd, through its wholly owned subsidiary MRC Exploration Australia Pty Ltd, is announced it has entered into a term sheet with Mr. Angelo Levissianos to acquire a tenement package within an area of known lithium-tantalum rich pegmatites in Western Australia. The Mt Edon felsic pegmatite suite is located just southeast of Paynes Find and the Wydgee pegmatites is located about 50km north of Paynes Find. The tenement package comprises M59/714 (which is currently the subject of a transfer to Mr. Levissianos), E59/2325 and E59/2326 (both of which are currently held by MRC Exploration Australia Pty Ltd. having been introduced to the Company by Mr. Levissianos). This acquisition complements MRC's strategic focus on `battery minerals' which includes development of the Munglinup Graphite Project located near Esperance, as well as the existing Yandeyarra Lithium Project southeast of the Pilgangoora lithium field being mined and developed near Port Hedland. The Mt Edon pegmatite field hosts numerous lithium-cesium-tantalum (LCT) pegmatites and is strategically located close to existing infrastructure making it an excellent exploration and mine development target. The mining lease area hosts historical lithium rich zones associated with the pegmatites, as well as historical mining for tantalum (manganotantalite and alluvial deposits: 1969-1974 Mt Edon by Alfredo Pieri), beryl and microcline feldspar (Goodingnow pits: 1975-1978 by Mark Calderwood). The zonal nature of this pegmatite field has previously been defined with microcline feldspar (including amazonite) in the east (historically mined) and more complex albite rich zones containing niobium and lithium in the west (the current Mining Lease area). Lepidolite-Zinnawaldite (lithium mica) rich pegmatites have been previously identified. Historical reported Lithium grades of up to 2.2% Li2O5 have been found on the Mining Lease (M59/714, Pancontinental Mining, 1980's, and Haddington Resources/Australian Tantalum Ltd, 2002). Previous exploration was limited to only a few drill holes, all of them being located outside of the tenement package. Numerous pegmatites on the mining tenements have anomalous concentrations of tantalum, rubidium and cesium, which are indicative elements for well fractionated lithium rich (LCT) pegmatites. The northern Wydgee tenement E59/2326 has had no lithium exploration work done on it. It has a known beryl bearing pegmatite that was exposed and mined for beryl in 1971 over a 35m long and 3m wide area. The pegmatite is hosted with a coarse grained quartz monozonite on the southern end of the Wydgee-Meekatharra Greenstone belt.