Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia NL to reveal assays from Ravensthorpe in early August

Ravensthorpe has a strong similarity to the Mt Cattlin lithium mine.
Lithium Australia NL to reveal assays from Ravensthorpe in early August
Drilling has wrapped up at Ravensthorpe

Lithium Australia NL (ASX:LIT) has some major exploration news pending, following the company wrapping up a reverse drilling program covering 26 holes for 959 metres at the wholly-owned Ravensthorpe project in Western Australia.

The drilling program was designed to define the structural and geological setting of the Horseshoe pegmatite and to test for economic lithium mineralisation.

The pegmatite is flat-lying with a footprint of 800 x 800 metres, and contains both lepidolite and spodumene.

Adrian Griffin, managing director, commented:

"The large footprint, substantial thickness and shallow dip of the Horseshoe Pegmatite, provides an excellent target.

"The identification of lithium minerals within the Pegmatite clearly demonstrates the very strong similarity to the pegmatite being mined nearby at Mt Cattlin, by Galaxy Resources (ASX:GXY).

"The Ravensthorpe area is showing a lot of promise and we look forward to improved weather conditions later in the year to enable the resumption of drilling which will focus on Deep Purple."





Register here to be notified of future LIT Company articles
View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

picture of coal
October 23 2017
Anglo has royalty interests in two coal mines in Australia: Rio Tinto’s Kestrel and Whitehaven’s Narrabri
Colin Bird
August 29 2017
Xtract Resources is on the cusp of significant cashflow, generated by alluvial gold production from Mozambique
1506597357_Rare-earths.jpg
September 28 2017
Construction work at the mine and plant in Burundi is now nearing completion

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use