logo-loader
PepinNini Lithium Ltd

PepinNini Minerals Ltd adds lithium to bulging mineral portfolio

au_argentina_uruguay__350_57633dffac2c8.jpg

PepinNini Minerals Ltd (ASX:PNN) has added lithium mining lease applications in Argentina to an existing portfolio brimful of diamond, gold and base metals exploration targets in Western Australia and Queensland.

The eight mining lease applications cover areas prospective for lithium brines over 152km2 in Salta Province in Argentina.

All of these are in known areas of historic lithium occurrences with aquifers of varying depths and brine concentrations.

It is worth noting that the capital costs for lithium brines are lower than hard rock lithium exploration.

The exploration target area has existing infrastructure in place and Salta Province is considered a mining friendly province in Argentina.

PepinNini has been operating in Argentina since 2009 and has two other projects, Santa Ines and Chivinar in the Salta province.

These projects are prospective for copper and gold comprising six granted mining leases and two mining lease applications.

The company is also advancing its portfolio of projects in Australia.

Reconnaissance mapping and sampling was undertaken at the Oasis Exploration Permit in North Queensland during the March 2016 quarter, where historic drilling had a hit of 8 metres at 6.8g/t gold.

There is diamonds, base metals and gold potential at the Western Amadeus Basin – Mozart Diamond Project in Western Australia.

Additionally, PepinNini and Rio Tinto Exploration Pty Ltd are finalising a 70:30 JV which will include tenements held by both partners at the Musgrave Province of South Australia and Western Australia. This is prospective for  copper, nickel and Platinum Group Elements (PGEs)

In April 2016, PepinNini had raised $358,787 from a non-renounceable entitlement issue of shares at $0.007 each.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: PepinNini Lithium Ltd

Price: $0.00

Market: ASX
Market Cap: $2.48 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

6 hours, 59 minutes ago

RNS

Director/PDMR Shareholding

3 days, 1 hour ago

Director/PDMR Shareholding

1 week, 3 days ago

Director/PDMR Shareholding

2 weeks, 4 days ago

Block Listing Interim Review

3 weeks, 2 days ago

Total Voting Rights

3 weeks, 3 days ago

Director/PDMR Shareholding

4 weeks, 1 day ago

Director/PDMR Shareholding

4 weeks, 1 day ago

Block listing application

4 weeks, 1 day ago

2 min read