SensOre Ltd (ASX:S3N) has reached an agreement with Stelar Metals Ltd (ASX:SLB) to test new lithium exploration research on Stelar’s Trident Lithium Project in New South Wales, which was mined historically for lithium.
The New South Wales government recently awarded S3N $322,000 in funding under the $130 million NSW Critical Minerals and High-Tech Metals Activation Fund, which involves testing new geochemical and geophysical techniques to identify lithium bearing pegmatites.
"We are glad to be working with a company like Stelar Metals to be able to test our lithium targeting methods,” SensOre CEO Richard Taylor said.
“Stelar Metals has some of the most advanced lithium potential in NSW and we aim to be able to expand this potential."
Trident Lithium Project
Stelar Metals acquired Trident from Everest Metals Corporation Limited in February this year, a 260-square-kilometre project some 50 kilometres north of Broken Hill.
The project covers a 15-kilometre section of the Euriowie Pegmatite Field, prospective for hard rock lithium, with numerous pegmatite swarms of varying size up to 100 metres wide and 1-kilometre in strike length.
"Stelar Metals is excited to be part of this collaborative Lithium Exploration Research with NSW Government funded SensOre, and concur that Trident is arguably the most advanced known lithium occurrences in NSW.”
Historical mining at Trident has previously confirmed the lithium-rich nature of the pegmatite formations on the project, with high-grade lithium samples from rock chips confirming the lithium-caesium-tantalum (LCT) mineralisation style’s presence.
“Stelar’s Trident Lithium Project will be a very suitable test area for this important NSW critical mineral research,” Stelar Metals CEO Colin Skidmore said.
“We look forward to working with SensOre now and potentially in the future to uncover the lithium potential of NSW."