Lithium Australia identifies lithium pegmatites at Lake Johnston

THE DRILL SERGEANT: Lithium Australia (ASX: LIT) has identified lithium mineralisation during reconnaissance exploration within the company’s Lake Johnston project, located 450 kilometres east of Perth in Western Australia.

Lithium Australia announced a consolidation of lithium rights at Lake Johnston in October, which includes lithium rights on two tenements held by Lefroy Exploration Limited (ASX: LEX) and close to Poseidon Nickel’s (ASX: POS) recently announced discoveries.

The newly-identified lithium mineralisation occurs within pegmatites, which emanate from nearby fertile granites and intrude the adjacent greenstone terrains along brittle failures.

Lithium Australia explained the configuration to be similar to a number of other WA pegmatite occurrences, including the recently discovered Earl Grey lithium deposit of Kidman Resources (ASX: KDR), which lies approximately 70km to the west of Lake Johnston.

Similar discoveries have also been reported in the area by Poseidon Nickel.

Lithium Australia has identified five lithium prospects to date, referred to as the Whitten, Bulldog, Boundary, Trackside, and Floyd prospects.

The company has examined pegmatites within and in close proximity to E63/1777, collecting some twenty-one rock-chip samples that have been submitted for assay.

According to Lithium Australia the pegmatites are lepidolite rich, but also contain a number of other lithium minerals, including zinnwaldite which, in some cases, contains high levels of caesium.

“Lake Johnston has the right geological environment to produce abundant lithium pegmatites – it has large, fertile granites, adjacent to country rocks that have the most prospective physical characteristics for pegmatite emplacement,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“It is not surprising that our initial examination has revealed very prospective lithium pegmatites.”

Email: info@lithium-au.com

Website: www.lithium-au.com.au