📉 Nikkei is down nearly 5% -> here are 43 recession-proof Japanese stocks from our screenerUnlock Now

Lightning Minerals to kick off infill auger program targeting lithium anomaly at Dundas South Project in WA

Published 31/03/2023, 09:24 am
© Reuters.  Lightning Minerals to kick off infill auger program targeting lithium anomaly at Dundas South Project in WA

Lightning Minerals Ltd (ASX:L1M) is planning geochemical sampling at the Dundas South project in Western Australia, targeting a large lithium-in-soil anomaly picked up during reconnaissance soil sampling.

Lithium anomaly

The soil sampling campaigns returned elevated lithium anomalism on two licences – E63/2000 and E63/1993 – and the planned infill program will collect up to 2,200 samples at these locations.

The company has picked out a first order follow-up target on licence E63/2000, where a broad, greater than 80 parts per million (ppm) tenor lithium-in-soil geochemical anomaly has been discovered over an area spanning 8 square kilometres.

A smaller anomaly of the same tenor is also present within E63/19931.

The infill sampling will be designed to progress targeting at suitable scale for potential future exploration drilling activities, with the aim of progressing to drill ready exploration targets.

Diligent and focused work

Lightning Minerals chief executive officer Alex Biggs said: “It is great to see such fast progress yielding positive results at Dundas.

“The planned works on tenement E63/2000 and E63/1993 provide the potential for a second drill target beyond our planned drilling on E63/2001.

“This is a demonstration of completing diligent and focused work programs on areas that we have always believed to be highly prospective with a view to being able to start drilling.

“Thanks to our team for completing works in a safe, speedy and highly effective manner.”

About the Dundas Project

The Dundas Project area is near Norseman in Western Australia and comprises eight tenements totaling approximately 454 square kilometres.

Norseman has a strong history of mining dating back to 1892 and is some 190 kilometres south of Kalgoorlie.

Historically, Norseman and the Dundas area have been mined for gold and nickel, but more recently the region has become an emerging lithium and critical minerals province with multiple discoveries and significant exploration activity.

There are two project areas at Dundas:

  • south/western tenements surrounding Liontown Resources (ASX:LTR)’ Buldania/Anna lithium project; and
  • north/eastern tenements around 30 kilometres to the east of Alliance Mineral Assets’ Bald Hill lithium-tantalum mine.

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.