Stelar Metals Ltd (ASX:SLB) has applied for an additional exploration licence immediately to the west of its EL 8736, which hosts the Trident Lithium Project near Broken Hill in Far West New South Wales.
The new exploration licence, ELA 6659, extends over the Poolamacca Inlier with mapped pegmatites and lower metamorphic grade schists of Paragon and Sundown groups similar to geology at Trident.
Notably, the new ELA is considered a potential source for lithium-rich pegmatites based on the granitic plutons that were encountered to the west of the licence.
At Trident, Stelar is progressing geological mapping and sampling with the next round of assays imminent.
Same geological setting as Trident
Stelar Metals CEO Colin Skidmore said: “Stelar’s new tenement application has the potential to host lithium mineralisation in the Poolamacca Inlier.
“The NSW GS mapped pegmatites in the same geological setting that we see nearby at Trident.
“The granitic plutons to the west of the ELA could also be a source for lithium-rich pegmatites.
“Once again there has been no historical investigation of the pegmatites and consideration of lithium potential in one of Australia’s first lithium mining centres near Broken Hill.”
Location of ELA 6659 on simplified geology
Forward plan
Once the new tenement is granted and landholder access has been finalised, exploration work will include geological mapping and sampling of the Poolamacca Inlier.
At Trident, geological mapping and sampling are ongoing with the next round of samples from Lady Don, Sceptre, Esams and Triumph anticipated shortly.
On-ground exploration is expanding to evaluate the numerous pegmatites along the 20-kilometre strike length of the Euriowie Lithium Pegmatite Field to define hard-rock lithium drill targets.
Stelar is finalising its drilling design which aims to initially test prioritised pegmatites such as Trident, Lady Don, Sceptre, Esams No 1 and Triumph.
The company will be seeking to undertake cultural heritage clearance surveys before the inaugural drill program which is designed to confirm pegmatite orientation and lithium fertility before embarking on a deeper more comprehensive drill program in the future to evaluate lithium resource potential.
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