Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Kali Metals kicks off maiden lithium-focused drill campaign at Spargoville

Published 24/04/2024, 12:01 pm
© Reuters.  Kali Metals kicks off maiden lithium-focused drill campaign at Spargoville

Kali Metals Ltd (ASX:KM1) is about to hit the ground with a reverse circulation (RC) drilling campaign in the Higginsville Lithium District, 28 kilometres east of Kambalda in WA, targeting the Spargoville Project.

First foray into lithium

The operation is the company’s first lithium-focused drill program and the aim is to understand and potentially expand Kali's resource base in the Higginsville Lithium District.

The initial 10,000-metre drilling program is set to explore the Spargoville Project, the first of eight project areas within the district.

It is designed to be relatively wide-spaced to enable the company’s geology team to better understand the regional geology and identify priority target areas.

Additional targets within the Spargoville and Widgiemooltha project areas have been earmarked for drilling, pending final approvals.

Top Drill, a Western Australian-based contractor known for its expertise in RC mineral exploration, has been selected to conduct the drilling activities.

Kambalda base accessible

Kali Metals says the establishment of a base of operations in Kambalda has provided access to necessary office facilities, accommodation and other essential services.

“What a truly exciting time for Kali Metals,” Graeme Sloan managing director said.

“In just over three months we have successfully listed on the ASX and now commence our first-ever drill program at Higginsville, a credit to the entire Kali team.

“The initial 2-3 month 10,000-metre RC program is, for the most part, relatively widely-spaced to allow our geology team to better understand the regional geology and focus on priority target areas.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

“The Spargoville Project, one of eight project areas within the company’s Higginsville District, has a number of prospective areas queued for drilling, including Green Flame and Flynn-Giles.

"The current 10,000-metre program is very much an early part of the Higginsville journey, and we are looking at providing many more updates over the next 12 months.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.