Proactive Investors - Run By Investors For Investors

Lithium Australia's drilling campaign targets resource upgrade

The recently released maiden resource was based on historical drilling.
Picture of lithium symbol on the periodic table
Lithium Australia is farming into a joint venture at Sadisdorf

Lithium Australia NL (ASX:LIT) is undertaking a diamond drilling program at its Sadisdorf Lithium Project in Germany.

The two hole, 460-metre program is designed to validate historical drilling data and increase confidence in future mineral resource estimates.

Significantly, drilling may also lead to some of the resource being upgraded from the Inferred to Indicated category, and expansion of the mineral resource.

The drill program follows the recent release of a promising maiden resource at Sadisdorf.

READ: Lithium Australia to benefit from maiden lithium resource in electric vehicle manufacturer's backyard

The recent maiden resource has the potential to provide processing capacity for circa 25,000 tonnes per annum of lithium carbonate equivalent output for 10 years

Lithium Australia is farming into a joint venture at Sadisdorf in southeast Germany with German firm Tin International AG.

First drilling since 1990

Adrian Griffin, managing director, said: "This is the first drilling at the Sadisdorf project since 1990.

"The initial holes will not only duplicate historic drill holes but also target mineralised zones outside the current mineral resource estimate.

"This work will progress our goal of breathing new life into the Sadisdorf project and potentially supplying raw materials to the European battery industry.”


View full LIT profile View Profile

Lithium Australia NL Timeline

Big Picture
March 12 2019

Related Articles

West Musgrave project in Western Australia on a map
April 18 2019
JV partners CZI and Oz Minerals aim to confirm the West Musgrave project's potential with a Nebo-Babel PFS.
Projects Arrow holds in WA
February 06 2019
The Plumridge project in WA is a joint venture with Independence Group (ASX:IGO).
Blackrock gold mine
December 06 2018
The high-grade gold and silver project in north-central Nevada is adjacent to Hecla's Hollister Mine

© Proactive Investors 2019

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