Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia NL's shares jump as drilling nears at Ravensthorpe Lithium

The Horseshoe Pegmatite has been confirmed as a single flat lying pegmatite.
Lithium Australia NL's shares jump as drilling nears at Ravensthorpe Lithium
LIT has received a positive re-rating

Lithium Australia NL (ASX:LIT) is preparing to drill in a world-class lithium region, and investors are snapping up the stock.

The company's shares are trading 36% higher at $0.15 in afternoon trade, following the confirmation drilling will commence at the Horseshoe Pegmatite this week.

Horseshoe is part of LIT’s Ravensthorpe Lithium Project.

The lithium mineralisation is hosted by the Cocanarup pegmatite swarm, which is within the same geological sequence as Galaxy Resources’ (ASX:GXY) Mt Cattlin lithium mine located 18 kilometres to the northeast.

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

Drums of uranium
September 17 2018
Scale of transaction and participation by specialists are strong signals of the health of uranium investor sentiment, says CEO.
1538376195_lithium-100118-2.jpg
October 01 2018
The aim is to move two years' worth of ore into the indicated resource category
Tritton Copper Operations in New South Wales
October 12 2018
The company is accelerating its exploration programs at 100%-owned Tritton Copper Operations.

© Proactive Investors 2018

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