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Accelerate Resources Confirms Strong Prinsep Lithium Mineralisation Continuity

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THE DRILL SERGEANT: Accelerate Resources (ASX: AX8) recently completed an infill and extensional rock chip sampling program at the company’s 100 per cent-owned Prinsep lithium project in Western Australia.

Accelerate Resources reported that results from the sampling program had confirmed the continuity of lithium mineralisation across the mapped width extent of the main northern pegmatite to 60 metres, and increased the eastern strike extent of known mineralisation by an additional 300m to 1.5 kilometres northern pegmatite trend.

The company describes the Prinsep lithium project as an advanced drill-ready exploration project just to the south of Karratha and a stone’s throw (35km) from Azure Minerals’ (ASX:AZS) Andover lithium discovery.

“We continue to be excited by the high-grade lithium results from our recently completed sampling activities at the Prinsep project, which is located in the Karratha-Roebourne hard-rock lithium belt that also hosts Azure Minerals’ Andover lithium discovery,” Accelerate Resources CEO Luke Meter said in the company’s ASX announcement.

“Results from the four north-south rock chip sample traverses over the Prinsep northern pegmatite, as well as extensional sampling, have now extended the known mineralisation at Prinsep beyond 1,500 metres.

“Importantly, these latest assays continue to clearly demonstrate the continunity and potential scale of the Prinsep lithium discovery in the West Pilbara, which gives us great confidence and momentum as we advance towards our maiden drilling program scheduled for early Q2 this year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Estrella Resources Claims Pegmatite Field Discovery at Carr Boyd East

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THE DRILL SERGEANT: Estrella Resources (ASX: ESR) has claimed discovery of a large field of stacked, fractionating pegmatites in the Eastern tenements of the company’s Carr Boyd project, located outside Kalgoorlie in Western Australia.

Estrella Resources said it has so far observed the pegmatites up to 16m in width and that they can be traced across the surface for a few hundred metres before being obscured by alluvial sediments that cross much of the area.

“The discovery of a significant field of stacked, fractionating pegmatites in the Eastern tenements at Carr Boyd is encouraging and, while its early days, it further highlights the project’s LCT potential,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Coupled with the additional pegmatite system recently located within the Western tenements, this bodes well for the upcoming work program consisting of mapping and sampling currently underway across the tenements.

“This will be followed by targeted soil sampling program to guide further exploration.

“With this further work we hope to gain a strong understanding of the lithium prospectivity which may eventually lead to generation of lithium targets for drilling.

“Estrella’s lithium work enhances the company’s potential to make a significant discovery while imposing only minor costs, allowing us to simultaneously maintain our primary focus of unlocking further nickel sulphides at Carr Boyd.

“I look forward to further updating shareholders as we progress with this work program.”

Estrella has already commenced a more complete mapping and sampling program across the tenements with a targeted soil sampling program set to follow to guide further exploration.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Maximus Resources Intersects Lithium and Nickel Mineralisation at Kandui

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) reported assay results from recently completed Reverse Circulation (RC) drilling at the company’s Lefroy lithium project near Kambalda in Western Australia.

Maximus Resources carried out drilling on the Kandui nickel prospect and the Hilditch gold project, both located within the Lefory project.

The company recently entered a US$3 million (~$4.8 million) Farm-in Agreement for the Lefroy lithium project with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR).

KOMIR is a Korean Government agency responsible for their national resource security, including developing overseas mining and processing capacity to supply the Korean market.

Drilling at Kandui intersected zones of shallow dipping lithium-bearing pegmatites including:

KDRC007
6 metres at 1.11 per cent lithium oxide (Li2O) from 90m, including 3m at 1.99 per cent Li2O from 91m.

The Kandui drilling also encountered shallow broad zones of nickel sulphide mineralisation at the basal contact producing assay results of:

KDRC004
7m at 0.48 per cent nickel from 6m, including 1m at 0.91 per cent nickel, from 11m and 2m at 0.62 per cent nickel from 18m, including 1m at 0.81 per cent nickel from 19m; and

KDRC008
4m at 0.52 per cent nickel from 100m, including 1m at 1.02 per cent nickel from 125m.

All drill holes at Hilditch intersected gold mineralisation where Maximus now has a Mineral Resource update underway.

“This drilling program has revealed a new lithium-bearing pegmatite at Lefroy that was hidden under cover,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“The previously unknown lithium-bearing pegmatite is a very exciting development, as we are about to launch the first phase of our drilling program across the Lefroy lithium prospect in collaboration with our KOMIR partners.

“Kandui is known to have several shallow dipping intrusive pegmatites, crosscutting the nickel mineralisation, and this discovery highlights the potential for more lithium-bearing pegmatites to be found across the large lithium anomaly to be drill-tested at Lefroy.

“In addition to the confirmed lithium potential, the nickel results at Kandui are very encouraging and provide strong validation of the effectiveness of the company’s geochemistry soil mapping program.

“All holes intersected nickel mineralisation proximal to an interpreted basal contact, and follow-up drilling is warranted.

“Lastly, the separate drilling at Hilditch Gold continues to be effective, with these and previous drill program results to be utilised for a gold resource update.

“Due to its shallow high-grade mineralisation, Hilditch has the prospect to be a near-term production source for the company.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Lithium Love Gun Locked and Loaded for New World Metals Investment Series

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THE CONFEENCE CALLER: Azure Minerals fired its first shot from the lithium Love Gun in the lead up to the 2022 South-West Connect ASX Showcase in Busselton.

Azure Minerals (ASX: AZS)

Before the 2022 South-West Connect ASX Showcase, Azure had reported identification of numerous lithium, caesium and tantalum (LCT) pegmatites within the company’s Andover project, located in the West Pilbara region of Western Australia.

At the time, Azure hadn’t really got a handle on the lithium potential of the project with managing director Tony Rovira delivering a guarded statement to the ASX, declaring, “Azure’s primary focus is on the exploration and development of the nickel-copper-cobalt sulphide resources that we have discovered at Andover.

“We recognise that the presence of spodumene-bearing, lithium-rich pegmatites could add significant value to the overall Andover project, which aligns with increasing our exposure to clean and valuable energy metals.”

Somebody must have been paying closer attention to Rovira’s South-West Connect presentation than first thought, as just a couple of months later global lithium company Sociedad Química y Minera de Chile S.A., via its wholly-owned subsidiary SQM Australia Pty Ltd completed a cornerstone investment of $20 million to acquire a 19.99 per cent interest in Azure.

Since then, Azure has released a series of lithium hits from what was once its nickel-copper-cobalt sulphide project, culminating in an encounter with a broad zone of lithium mineralisation intersected in the project’s AP0011 pegmatite of:

ANRD00171
209.4 metres at 1.42 per cent lithium oxide (Li2O) from 219m (~134.6m True Width), including 126.2m at 1.72 per cent Li2O from 219m (~81.1m True Width), including 56.1m at 2 per cent Li2O from 257m (~36.1m True Width); and
19.7m at 1.54 per cent Li2O from 401.6m (~12.7m True Width).

Not only have the lithium hits continued to grow, so has the company’s share price, reaching $2.93 (22/8/23).

It was hardly surprising then that the company announced receiving firm commitments to raise $120 million through a two-tranche placement for the issue of 50 million new fully-paid ordinary shares at an offer price of $2.40 per New Share.

Tranche 1 of the placement raised approximately $100 million and Tranche 2 of the placement, which includes the issue of New Shares subject to shareholder approval, is set to raise approximately $20 million.

Azure Minerals is to be a featured presenter at the upcoming New World Metals Investment Series Roadshow.

We at The Roadhouse, however, will be interested to see how other lithium hopefuls fare at the podium.

 

Galan Lithium (ASX: GLN)

Galan Lithium is another to have enjoyed success in the lithium space, be it far from the local climes of Western Australia.

The company’s 100 per cent-owned Hombre Muerto West has recently been the subject of a Definitive Feasibility Study (DFS), Phase 1 of which delivered an annual production rate of 5,367 recoverable tonnes of lithium carbonate equivalent (LCE) contained in a concentrated lithium chloride product for a period of 40 years.

The Phase 1 DFS results and analysis provided solid outcomes that showed the HMW project was a very competitive and highly compelling project in the lithium brine industry.

Galan had previously announced, the DFS was separated into two phases.

This initial Phase 1 of the DFS focused on the production of a lithium chloride concentrate, as governed by the production permits.

DFS optimisation work continues and will culminate in the release of a Phase 2 DFS in September 2023, addressing full 20,000 tonnes per annum LCE production rate.

Still in Argentina, Galan recently acquired 100 per cent-ownership of the Catalina tenement that borders the Catamarca and Salta Provinces in Argentina.

“This acquisition represents a highly significant value accretive transaction for the company,” Galan Lithium managing director JP Vargas de la Vega explained.

“It resolves the security of tenure in this highly prospective area favourably for the exclusive benefit of Galan and its shareholders.

“As there are now no competing interests, our team can advance exploration and evaluation activities at Catalina with the objective of delineating a maiden resource.

“Furthermore, we plan to accelerate such work and look forward to keeping our shareholders informed of our progress.”

Pan Asia Metals (ASX: PAM)

Pan Asia Metals’ claim to fame was being the “only lithium explorer in South-East Asia”.

Not a bad place to be when you consider Asia accounts for over half the world’s annual vehicle production, however recent acquisitions have seen the company move into South America, in particular Chile.

The company wasted little time before commencing field work at the Hilix lithium prospect, one of seven target prospect areas that form the Tama Atacama lithium project.

“The Hilix lithium prospect is an easy project, located five minutes drive from the Quillagua village, with Chile’s main north south transport and power infrastructure adjacent to the project,” Pan Asia Metals managing director Paul Lock said.

“The lithium mineralisation is found in an approx. 30 metres thick layer of soft friable, porous, typically white, clay rich sediments which start at or near surface.

“Although yet to be tested, general observations suggest the mineralisation is homogeneous in nature and laterally extensive and is considered amenable to a wide spaced drill pattern which will facilitate a relatively cheap and quick pathway to an inaugural Mineral Resource later this year.”

Infinity Lithium Corporation (ASX: INF)

Infinity Lithium has its eyes on the development prize of the company’s 75 per cdent-owned San José lithium project in Spain.

Like the country’s Women’s Football Team, Infinity has World Cup scale ambitions for its proposed fully integrated industrial project with a focus on production of battery grade lithium chemicals from a mica feedstock that represents the EU’s second largest JORC compliant hard rock lithium deposit.

Infinity Lithium has aspirations for the project to ultimately provide an essential component in the EU’s development of a vertically integrated lithium-ion battery supply chain.

The EU is no different to any jurisdiction a present looking to lock in supply of critical raw materials and the production of battery grade lithium hydroxide to ensure the long-term production of lithium-ion batteries for electric mobility and the transition of the EU’s automotive industry towards electric vehicles.

Jindalee Resources (ASX: JRL)

Earlier this year, Jindalee resources released an updated MRE at the company’s McDermitt lithium project in the United States.

The MRE for McDermitt contains a combined Indicated and Inferred Mineral Resource Inventory of 3 billion tonnes at 1,340ppm lithium for a total of 21.5 million tonnes LCE at 1,000ppm cut-off grade.

Jindalee claims that at 21.5 million tonnes LCE, McDermitt is the largest lithium deposit in the US by contained lithium in Mineral Resource.

Not much later, Jindalee commenced a PFS on the McDermitt lithium project announcing the appointment of Fluor as lead engineer, a company with extensive US sediment hosted lithium deposit experience.

Jindalee sees the PFS as the next logical step towards development of McDermitt that it expects to facilitate meaningful discussions with potential financiers (both public and private sector), off-takers and strategic partners.

Lithium Energy (ASX: LEL)

Lithium Energy recently established a maiden 3.3 million tonnes JORC-compliant Inferred Mineral Resource of LCE at the company’s 90 per cent-owned Solaroz lithium brine project in Argentina.

Lithium Energy is now considering development options for Solaroz with a Scoping Study soon to be finished.

All alternative lithium extraction technologies are under the microscope, which as seen the company execute an agreement to manufacture and commission a 3,000 tonnes per annum battery grade lithium carbonate demonstration plant on the Mario Angel concession at Solaroz, using the proprietary sorbent-based DLE technology of Lanshen.

The structure of the agreement for the construction and commissioning of the DLE Plant, in which Lanshen will supply, build and initially operate the plant at its own cost reduces the upfront capital costs in evaluating this DLE production option for Solaroz.

Burley Minerals (ASX: BUR)

Burley Minerals acquired 100 per cent ownership of the Chubb lithium project in Québec, Canada earlier this year.

The Chubb lithium project sits in a good neighbourhood, smack bang in the heart of the world-class lithium province of Quebec, which hosts major lithium projects including Sayona Mining (ASX: SYA) and Piedmont Lithium Inc’s North American Lithium (NAL) mines and operations.

Burley kicked off its drilling campaign at Chubb in early April 2023, however, as is the case in most of Canada this year bushfires interrupted proceedings.

Despite these interruptions, diamond drilling has been undertaken with assays returned from the Chubb Central Main Dyke confirming spodumene-bearing pegmatite with a strike length of at least 560m, extending from surface to below 200m depth.

Diamond drilling is ongoing to test for extensions to the Chubb project, Central Main Dyke both along strike and at depth, as well as for spodumene in mapped parallel pegmatites dykes.

Future Battery Minerals (ASX: FBM)

Future Battery Minerals has gone from an initial 5,000 metres of drilling to a further 6,000m of drilling at the company’s 100 per cent-owned Kangaroo Hills lithium project (KHLP) in Western Australia.

While undertaking Phase 3 reverse circulation (RC) and diamond drilling (DD) programs at the Rocky Prospect, Future Battery Minerals identified multiple new stacked spodumene bearing pegmatites semi parallel to the project’s Big Red lithium pegmatite.

The new intersections resulted in an increase in the scale of the pegmatite swarm and potential tonnage at Kangaroo Hills, which has been confirmed over a 1.2 x 1.5km area and remains open in all directions.

As a consequence, Future Battery Minerals has expanded the drill program with an additional 6,000m of RC drilling, with which it aims to further test additional extensions at Big Red and Rocky, as well as assess other regional prospects at Eastern Grey, Wallaroo and Pademelon.

To date, drilling at Rocky has only tested the western margin of the pegmatites on a wide spaced grid.

The expanded program will test the pegmatites towards the east and south directions, employing more closely spaced drilling technique suitable for the completion of a MRE.

Latin Resources (ASX: LRS)

In June, Latin Resources upgraded the Colina MRE at the company’s 100 per cent-owned Salinas lithium project in Brazil.

The company increased the JORC Measured, Indicated and Inferred MRE for the expanded Colina deposit by over 241 per cent to a total of 45.2 million tonnes at 1.34 per cent Li2O, reported above a cut-off of 0.5% Li2O.

This upgraded resource of 45 million tonnes represents a LCE of approx. 1.48 million tonnes.

Not long after, the company confirmed an extension of the Colina pegmatite system via drill testing of a ‘blind’ geophysical target, 560m to the southwest of the Colina, where three of four holes completed intersected shallow east dipping, course grained spodumene rich pegmatites.

Outcrop mapping undertaken six kilometres to the southwest of the Colina deposit, subsequently identified a third new pegmatite occurrence within the company’s interpreted prospective corridor.

T company considers these achievements highlight the further potential scale and growth of the Colina deposit.

Lithium Universe (ASX: LU7)

Lithium Universe came to market attention by ending its opening day of ASX trading at 6.1 cents, a healthy opening dividend from its IPO that raised $4.5 million at 0.02 cents per share.

Lithium Universe has a wide-reaching portfolio of lithium exploration assets in regions well known for discovery of the electronic feedstock in both Australia and Canada.

The company’s stated objective is to establish itself as a “prominent lithium project builder by prioritising swift and successful development of lithium projects”.

The company’s initial target is its Apollo lithium project, covering 240sqkm in the Eeyou Istchee Baie-James Municipality (James Bay), in north-west Québec, Canada.

The project has some well-credentialed neighbours, namely Patriot Battery Metals’ (ASX: PMT) Corvette Property with a maiden resource of 109.2 million tonnes at 1.42 per cent Li2O and Winsome Resources’ (ASX: WR1) Adina Property.

Solis Minerals (ASX: SLM)

Solis Minerals announced it had acquired the Jaguar hard rock Lithium project in Bahia State Brazil in May this year.

It didn’t take long for the news to flow and in July Solis announced drilling had intersected shallow-dipping coarse spodumene rich pegmatites at Jaguar in two initial diamond holes.

JADDH00002 intersected 52m of pegmatite with 8.2m of spodumene rich quartz bearing central core area from 32m downhole; and

JADDH00003 intersected 39.3m of pegmatite with 7.9m of spodumene rich quartz bearing central core area from 44.3m downhole.

“As we extend our mapping and geochemical sampling programs, we are finding evidence of a potential stacked pegmatite system,” Solis Minerals executive director Matt Boyes said.

“Multiple spodumene bearing float samples have been collected up to one kilometre from the central Jaguar artisanal mine area and large outcropping pegmatites, which are completely untested, have been located.

“We are encouraged by our early results at the Jaguar project, and we look forward to updating the market as we deliver results from this maiden drill program.”

European Metals Holdings (ASX: EMH)

The importance of European Metals Holdings’ Cínovec lithium/tin project in the Czech Republic to Europen lithium security was emphasised when the project received a recent visit from the Czech Republic Prime Minister, Petr Fiala.

“Lithium is a critical and key raw material,” Prime Minister Fiala said after his visit.

“Cínovec is the largest European deposit of this raw material.

Thanks to this, the Czech Republic has a unique opportunity to contribute to both its own and European raw material security.

“We are on the threshold of a ‘lithium revolution’ as the use of lithium will grow significantly.

“As a country with a large share of the automotive industry, it is important for us to support it and capture current trends.”

European Metals later reported that ongoing test work had achieved continued outstanding lithium recoveries.

A Definitive Feasibility Study is being undertaken on the Cinovec project and is on track for completion in Q4 2023.

 

Day One Announcements Set Tone for Successful RIU Explorers Conference

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THE CONFERENCE CALLER: There were plenty of ASX announcements from companies eager to attract attention of delegates to get things started on Day One of the RIU Explorers Conference.

 

Global Lithium Resources (ASX: GL1) reported the results of a Scoping Study carried out at the company’s Manna lithium project east of Kalgoorlie in Western Australia.

Global Lithium owns 100 per cent of the Manna lithium project that hosts a Total Mineral Resource Estimate (MRE) of 32.7 million tonnes at 1 per cent lithium oxide (Li2O), with 58 per cent in the Indicated category.

“The results of the Scoping Study show the true quality and real potential of the Manna lithium project,” Global Lithium managing director Ron Mitchell said.

“The exploration team worked extremely hard throughout 2022 to provide a solid foundation for the Manna lithium project.

“The development team will now diligently progress all the necessary technical components and engineering work streams to ensure the project is sufficiently de-risked allowing the company to progress to a final investment decision next year.”

 

READ MORE HERE

 

Cygnus Metals (ASX: CY5) announced assay results from the first two drill holes undertaken at the company’s Pontax lithium project in the James Bay region of Québec, Canada.

Results from the first two holes returned multiple intercepts including individual intersections of up to 16.5 metres at 1.1 per cent Li2O that are some of the thickest Cygnus has achieved to date, which it said highlights the scope for growth at Pontax.

“These are very strong results which demonstrate Pontax has both grade and width,” Cygnus Metals managing director David Southam said.

“Given that spodumene has already been outlined over a 700 metres strike length, the results highlight the significant potential for growth through systematic exploration.”

 

READ MORE HERE

 

Miramar Resources (ASX: M2R) declared results from analysis of end of hole samples from aircore drilling it believes to have increased the potential for the company’s 100 per cent-owned Whaleshark project to host iron oxide copper gold (IOCG) mineralisation.

End of hole (EOH) samples from the 2022 aircore drilling campaign were analysed for a multi-element suite, including IOCG pathfinders with one hole returning the highest copper and cobalt results Miramar has seen from Whaleshark to date.

“At Whaleshark, we have the right aged rocks, the right style of alteration and the right combination of elements typically associated with IOCG mineralisation,” Miramar Resources executive chairman Allan Kelly said.

“As we continue to explore the project, we see more similarities with the signatures of various large IOCG deposits.”

 

READ MORE HERE

 

Ausgold (ASX: AUC) informed punters of initial results from a multi-rig drilling program it commenced in December 2022 at the company’s 100 per cent-owned 2.16 million ounces Katanning gold project (KGP) in Western Australia.

The company received initial program results for reverse circulation (RC) drilling (55 holes for 4,763m) it declared to demonstrate the presence of new high-grade zones of mineralisation along strike from and within the projects’ Central Zone and Southern Zone Resource areas.

“High-grade results from new drilling highlights the strong case for the Katanning gold project to be a much larger project,” Ausgold managing director Matthew Greentree said.

“The 25,000 metres drilling program is testing areas along strike from known Resource areas.

“With the majority of the program still underway, these early results anticipate further discoveries to extend Resource areas and expand targeted opportunities regionally at the Duggan, Stanley and Lake Magenta prospects.”

 

READ MORE HERE

 

Zenith Minerals Identifies New Lithium Target at Split Rocks

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THE DRILL SERGEANT: Although last alphabetically, Zenith Minerals (ASX: ZNC) could be the first port of call for punters at the RIU Explorers Conference next week after reporting a new lithium geochemical target at the company’s Split Rocks lithium project in Western Australia.

Zenith Minerals collected a swag of geochemical samples during 2022 across the Split Rocks project area comprised of both auger and soil samples.

Assays have been received for 6,076 samples, with a further 2,475 samples awaiting assays.

The company explained the geochemical sampling program has defined a new geochemical anomaly, dubbed Cielo, that exceeds the size of the geochemical anomaly surrounding the Rio lithium pegmatite, presenting a new lithium target to be drill tested.

Zenith is planning a substantial aircore drill program to test the new Cielo lithium geochemical target.

There are an additional two lithium geochemical anomalies A1 & A2 that require further assessment, however the company has earmarked these as future drill targets, whilst RC drilling of anomaly A3 is planned for early 2023.

“We are delighted to announce a major new lithium target at Split Rocks which has come about through 12 months of hard work from our soil geochemical teams,” Zenith Minerals executive chair David Ledger said in the company’s ASX announcement.

“I look forward to providing further updates on this exciting new drill target – Cielo and the additional new lithium anomalies (1 & 2) generated in 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Burley Minerals to Acquire Canadian and Gascoyne Lithium Projects

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THE BOURSE WHISPERER: Burley Minerals (ASX: BUR) is set to acquire a hattrick of international and domestic lithium projects.

Burley Minerals has entered into an exclusive agreement to acquire 100 per cent of the Chubb lithium project in Quebec, Canada and the lithium-prospective Mt James and Dragon projects in the central Gascoyne Region of Western Australia.

The Chubb lithium project is made up of 35 contiguous mineral claims in the Val-d’Or Quebec region in Canada where drilling has confirmed the presence of spodumene-bearing lithium pegmatites.

The Gascoyne projects are prospective for lithium, with outcropping pegmatites knowingly mapped plus previous copper and gold anomalism has been identified on the tenements.

“We are very pleased to announce the signing of this Agreement to acquire such high-potential lithium projects in jurisdictions complemented by other major Lithium explorers and developers,” Burley Minerals managing director Wayne Richards said in the company’s ASX announcement.

“The strategic and geographic location of all three potential projects are located in world class mining provinces and in Tier 1 jurisdictions of Australia and Canada.

“The strategic geographical positioning of the Chubb lithium project with regard established infrastructure, services, and transport corridors, greatly supports the development potential of the assets.

“The presence of neighbouring mines, concentrate plants and proposed refineries likewise offers many future operational permeations for Burley.

“The exploration that has been conducted to date at Chubb has defined near surface mineralisation along a corridor of 550 metres with multiple paralleling pegmatites.

“Our research has unveiled previous drilling completed in the early 1950s, that was conducted along strike of the known body of mineralisation which intersected up to 9.4 metres of spodumene pegmatites and was not assayed.

“Whilst the acquisition is progressing the company intends on modelling the existing drilling, permitting infill and extensional drilling and tendering for diamond drilling which will commence at Chubb upon completion.

“Concurrently all data available in relation to the Gascoyne projects is being evaluated and a suitable geochemical and mapping program is being devised to rank and prioritise targets warranting further investigation.

“The acquisitions present the opportunity for value accretive exploration and the potential development of forward-looking battery minerals projects at a time of record lithium prices.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Azure Minerals Scores High-Grade Lithium at Andover

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported further high-grade lithium assay results from the pegmatite exploration program currently underway on the company’s Andover project in the West Pilbara region of Western Australia.

Assay results from an additional 60 whole rock geochemical samples have been received with many returning high-grades of lithium hosted in spodumene, including:

APRK00037 3.32 per cent lithium dioxide (Li2O);
APRK00046 2.65 per cent Li2O;
APRK00050 1.31 per cent Li2O;
APRK00051 1.19 per cent Li2O;
APRK00049 1.13 per cent Li2O; and
APRK00086 1.13 per cent Li2.

“It’s pleasing to report that our lithium-focused exploration program at Andover continues to deliver very significant results,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“The latest batch of assays returned high grades of lithium up to 3.32 per cent Li2O, which is the highest lithium grade reported to date.

“Encouragingly, our geological mapping is identifying the presence of the preferred lithium-bearing mineral, spodumene, in many of the outcropping pegmatites.

“We’re planning for the first drilling program to target the pegmatites and will commence as soon as we have received the necessary approvals.

“The lithium exploration continues in parallel with our nickel-copper-cobalt exploration where drilling is currently in progress on the Seaview and Pipeline prospects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.azureminerals.com.au

 

 

Calidus Resources Commences Drilling at Spear Hill Lithium Project

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THE DRILL SERGEANT: With is Warrawoona gold project up and running, Calidus Resources (ASX: CAI) has now commenced drilling at the company’s 50 per cent-owned Pirra Lithium Joint Venture with Haoma Mining in the Pilbara region of Western Australia.

Calidus Resources reported drilling has started at the Spear Hill discovery of a program to comprise of 38 holes to test a pegmatite that has previously yielded encouraging assays.

The drilling program is expected to take about three weeks to complete with samples to be sent to the laboratory immediately after the completion of drilling.

“We believe Spear Hill has excellent potential, as indicated by the high-grade lithium rock-chip results identified earlier this year,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“The commencement of the maiden drill program so soon after the initial discovery demonstrates the company’s determination to accelerate exploration progress at the project.

“Concurrently we are actively assessing the lithium potential across the wider Spear Hill area and the rest of the tenement package, utilizing interpretation of remotely sensed data, field mapping, and rock-chip sampling.

“Exploration to date has only tested a fraction of the large tenement package and rights owned by Pirra Lithium, and we are excited to unlock the full potential of the Pilbara.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

Bulletin Resources Confirms More High-Grade Spodumene at Ravensthorpe

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THE DRILL SERGEANT: Bulletin Resources (ASX: BNR) reported laboratory assay results from recent mapping and rock-chip program undertaken on the company’s Ravensthorpe lithium project in Western Australia.

Bulletin Resources’ mapping of the four-kilometre Eastern Pegmatite Trend, which is open to the north, has located approx. 100 pegmatite outcrops to date.

Laboratory analysis has confirmed the high lithium grade nature of two newly identified outcropping and lag spodumene occurrences along the Eastern Pegmatite Trend.

Two rock chip samples of spodumene in pegmatite lag 800 metres to the north of the project’s Big pegmatite spodumene discovery returned high lithium grades of:

7.04 per cent lithium oxide (Li2O); and
1.49 per cent Li2O

Spodumene bearing pegmatite outcrop located 700m southwest of the previously reported spodumene in lag found at Big pegmatite was also sampled.

These two rock chip samples returned high lithium grades of:

6.8 per cent Li2O; and
2.17 per cent Li2O

“These two new finds of spodumene lithium mineralisation some distance from Big pegmatite complement the known spodumene occurrences at Big, Deep Purple and Creek pegmatites,” Bulletin Resources said in its ASX announcement.

“These additional finds of spodumene bearing pegmatite outcrops support and significantly increase the lithium prospectivity of the broader Eastern Pegmatite Trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@bulletinresources.com

 

Web: www.bulletinresources.com