Lithium Australia identifies new lithium sources at Ravensthorpe

THE DRILL SERGEANT: Lithium Australia (ASX: LIT) recently completed at the company’s Ravensthorpe lithium project in Western Australia that resulted in the discovery of several additional lithium pegmatites.

The company now claims to have established the presence of at least 12 lithium pegmatites with potential for further discoveries, which in turn has increased the potential economic standing of the project.

The recent work also defined the Deep Purple and Phillips South prospects, in addition to the previously defined Horseshoe prospect.

Lithium Australia described the Deep Purple prospect as being comprised of a swarm of at least five lithium pegmatites, including two spodumene pegmatites similar in character to nearby Mt Cattlin.

The Phillips South prospect is said to be a large, under-explored area, in which the company’s recent fieldwork demonstrated the presence of outcropping lithium mineralisation and very high potential for further discoveries undercover.

Lithium Australia indicated it has additional fieldwork planned that will assist optimisation of future drilling programs.

“It is not surprising that we are finding abundant lithium pegmatites in the Ravensthorpe area,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“It has been long-known for its spodumene which is the focus of the nearby Mt Cattlin mining operations.

“We see the area as an important part of our thrust to develop a local lithium chemical industry.

“With the application of our 100 per cent-owned Sileach process, we have the ability to handle both the lepidolite and spodumene to produce lithium carbonate or hydroxide – critical inputs to the insatiable lithium battery industry.”

Email: info@lithium-au.com

Website: www.lithium-au.com