Resource Mining Corporation Ltd (ASX:RMI) has expanded its lithium footprint in Finland by securing approval for the Neverbacka reservation application, adjacent to its Kola Lithium Project, situated in the Kaustinen lithium pegmatite province.
This move will add 10.64 square kilometres of prospective ground and has the potential to host high-grade lithium-bearing pegmatites.
The Neverbacka reservation area is adjacent to the main lithium-pegmatite trend in the Keliber project area - a major new lithium project by Sibanye-Stillwater.
“Neverbacka” reservation and 2023 sampling locations in the Kola area.
High-grade lithium-bearing pegmatite boulder
Resource Mining executive chairman Asimwe Kabunga said: “The exciting new Neverbacka reservation is adjacent to RMC’s Kola lithium project where recent fieldwork confirmed the presence of high-grade lithium-bearing pegmatite boulders, and it is located along the same trend that hosts Keliber’s lithium-pegmatite deposits.
“The boulders that were found in the Northern part of the Kola permit are likely to have derived from lithium-pegmatite source rocks in the Neverbacka reservation area.
“RMC is delighted to be able to add this extremely prospective reservation to its Finland lithium project portfolio.”
Bordering a major lithium project
The new Neverbacka 10.64 square-kilometre reservation notification, together with the adjacent Kola 101.26 square kilometre reservation notification are in the Kaustinen lithium pegmatite province of Finland.
The area borders the permits and applications of Keliber, a major new lithium project currently under development by owners, Sibanye-Stillwater.
Analysis results confirmed the continuous presence of high-grade lithium-containing pegmatite boulders from north to south across the central part of the Kola permit, along the same trend that hosts the Keliber lithium-pegmatite deposits.
The company expects that the trend with lithium-containing pegmatite boulders will continue into the Neverbacka reservation area.
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