THE DRILL SERGEANT: Lithium Australia (ASX: LIT) received results from a maiden drilling program carried out at the Sadisdorf project in Saxony, Germany.
Lithium Australia said the three-hole program confirmed historic results at the project, encountering consistent lithium mineralisation, as mica including:
78.51 metres at 0.51 per cent lithium oxide (Li2O) and 68.56m at 0.51 per cent Li2O; and
78.09m at 0.48 per cent Li2O.
The drilling also hit intercepts of tin mineralisation including:
19.4m at 0.65 per cent tin; and
2.09m at 0.72 per cent tin.
Additional tungsten mineralisation was encountered at depth, including:
1m at 1.65 per cent tungsten.
“Lithium Australia’s maiden drilling program at Sadisdorf confirms the polymetallic style the mineralisation and the conservative nature of current resource statements,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.
“We are advancing the Sadisdorf scoping study on the basis that our 100 per cent-owned SiLeach process can unlock the full potential of this style of mineralisation.
“The project location can take full advantage of the rapidly developing EV industry in Europe and has the potential develop a new industry for Germany.”
Lithium Australia explained that through its wholly owned subsidiary, Trilithium Erzgebirge AG, it is in the process of acquiring a 100 per cent beneficial interest in the Sadisdorf deposit, which it described as a mothballed tin mine within a greisen (altered granite) the pervasive alteration consisting of lithium micas.
The project presently contains an Inferred Resource of 25 million tonnes at 0.45 per cent Li2O.
Lithium Australia considers the recently-completed drilling program shows potential for future resource increases.