Horizon Minerals Ltd (ASX:HRZ) has been tapping into the lithium potential of its assets in the Goldfields region of Western Australia, an emerging lithium province generating great interest from battery metal companies.
A recent round of exploration turned up multiple promising anomalies, including a 14-kilometre-long lithium strike at Yarmany East Project, lithium mineralisation of 4 metres at 619 parts per million (ppm) in aircore drilling at the Snake Hill prospect, and two lithium signatures at Kanowna South within the Greater Boorara area.
These encouraging lithium returns have prompted some unsolicited inquiries from third parties.
More exploration to come next year
“Our large landholding in the Goldfields stretches from the west to the southeast of Kalgoorlie and is prospective for a range of minerals,” Horizon Minerals CEO Grant Haywood said.
“While our focus remains on the significant gold endowment, there is a growing understanding of the lithium potential within the region.
"At Yarmany East we have identified approximately 14 kilometres of strike of unexplored lithium anomalies, and we also have some great follow-up lithium targets in the Greater Boorara area at Snake Hill and Kanowna South.
“It was also very pleasing to have our geology team carry out reconnaissance field work on our newly acquired Bridgetown Lithium Project which identified untested pegmatites which have been sampled for assay.
“We are preparing plans to test the exciting new prospects in the new year and will also consider potential strategic options for our emerging lithium assets.”
Third-party interest
Horizon is already planning to follow up on the lithium exploration at the Goldfields and Bridgetown projects.
In response to a number of unsolicited inbound inquiries from third parties with respect to its lithium rights, the company has appointed Argonaut PCF to review strategic options regarding these rights.