Cadence Minerals PLC (LON:KDNC) said Macarthur Minerals, in which it has a 20.3% stake, has reported good news from its Marble Bar lithium project.
Macarthur Minerals said it had identified a number of significant lithium bearing, spodumene and lepidolite mineralised pegmatites at Marble Bar, a joint venture lithium project in the Pilbara region of Western Australia.
The new discoveries extend the area of known mineralisation to 14 square kilometres and the total strike length to 9.0 square kilometres.