Metalicity Identifies New Greenbushes Lithium Targets

THE DRILL SERGEANT: Metalicity (ASX: MCT) announced the identification of two extensive lithium target areas and several point anomalies at the company’s 100 per cent-owned Greenbushes North lithium project, along strike from the world class Greenbushes lithium deposit in the South West of Western Australia.

Metalicity recently undertook activities involving geochemical sampling methodology that was designed and employed based on previous successful laterite sampling programs.

The company declared the program had confirmed the technique is appropriate to discover lithium and tantalum bearing pegmatites in laterite-covered areas at the world class Greenbushes lithium deposit.

The geochemical sampling program at Greenbushes North covered an area of around 132 square kilometres and highlighted two priority lithium target areas which may indicate buried LCT type pegmatites.

“The exploration program has identified important criteria for the discovery of buried LCT-type lithium pegmatites similar to those which host the world class Greenbushes deposit,” Metalicity managing director Matt Gauci said in the company’s announcement to the Australian Securities Exchange.

“Firstly, the sampling methodology used identified two significant lithium index anomalies and secondly the clustering of these anomalies located over the same fault zone which controls the Greenbushes deposit.

“The anomalies cover an extensive total area of approximately 30 square kilometres and exploration teams are being mobilised to progress work programs at these new prospects.”