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Lithium Australia NL ready to drill at Ravensthorpe

The Horseshoe has an Exploration Target of 900,000 tonnes lithium.
Lithium Australia NL ready to drill at Ravensthorpe
Drilling in Mexico is expected to complete this month

Lithium Australia NL (ASX:LIT) has commenced earthworks ahead of drilling at its Ravensthorpe lithium project located 190 kilometres from Esperance in Western Australia.

Construction of over 30 drill pads has been completed ahead of reverse circulation drilling at both the Horseshoe and Deep Purple prospects.

The Horseshoe hosts an Exploration Target of 900,000 tonnes of lithium mineralisation at a minimum grade of 1% lithium oxide.

A wide range of lithium mineralisation has been identified, including spodumene and lithium micas.

Adrian Griffin, managing director, commented: “Lithium Australia recognises the significant potential of the Ravensthorpe lithium province which includes the operating Mt Cattlin lithium mine.

“This project was our first exposure to lithium exploration and we look forward to a positive outcome from the drilling campaign.”


Drilling in Mexico

During early April, a 3,000 metre drilling program commenced at the Agua Fria prospect within the Electra Project located in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest in the Electra project.

The Agua Fria prospect is focused on volcanogenic sediments which host widespread lithium mineralisation.

The sediments occur within the same geological sequence as Bacanora Minerals’ (CVE:BCN) La Ventana deposit which is currently being evaluated for production.

La Ventana is the largest documented lithium clay deposit and Agua Fria has a similar footprint.

The planned duration of the drilling campaign is 44 days.

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