The Horseshoe Pegmatite Prospect is part of the Ravensthorpe Lithium Project located 500 kilometres southeast of Perth, Western Australia.
The pegmatite is flat-lying with a footprint of 800 x 800 metres.
It shows strong similarity to the nearby Galaxy Resources’ (ASX: GXY) Mt Cattlin lithium mine.
A recently excavated costean has revealed lithium mineralisation which includes spodumene, lepidolite and elbaite, all of which can be processed with LIT’s 100% owned Sileach™ process.
Sampling from the excavated material returned 10 metres at 1.1 % lithium oxide from a zone of lepidolite-spodumene mineralisation.
Drilling is planned for both the Horseshoe and Deep Purple prospects.
All access and drill pads were prepared during the excavation sampling program.
Adrian Griffin, managing director, commented: “Exploration success at Ravensthorpe demonstrates the potential to find more lithium pegmatites, similar in size to those mined nearby at Mt Cattlin.
“The Ravensthorpe Project hosts numerous lithium pegmatites, and we look forward to commencing drilling some of these in the near future.”