Proactive Investors - Run By Investors For Investors

Lithium Australia hits 32 metres of lithium in first hole at Sadisdorf

A maiden resource at Sadisdorf was estimated in December 2017 using historical data.
diamond drill rig
SiLeach® processing technology is ideally suited to Sadisdorf’s mineralisation

Lithium Australia NL (ASX:LIT) has intersected 32.19 metres grading 0.52% lithium in its first hole drilled at the Sadisdorf polymetallic tin-lithium project in Saxony, Germany.

Drilling is part of the three hole, 560-metre diamond program which is the first drilling at Sadisdorf in nearly 30 years.

Significant intersections of tin were also encountered with up to 11.65 metres grading 0.35% tin recorded.

READ: Lithium Australia completes maiden drilling at lithium tin project in Germany

The maiden drill program was designed to validate historical drilling data and test the outer boundaries of the mineral resource model.

Lithium Australia aspires to use its proprietary SiLeach® lithium processing technology to unlock the lithium potential and value of the Sadisdorf lithium-tin deposit.

SiLeach® is suited for Sadisdorf’s mineralisation

Lithium Australia’s managing director Adrian Griffin said: “The mineralisation encountered in the first drill hole strongly supports our vision of unlocking the value of the historic tin-tungsten Sadisdorf mine by adding lithium as an additional value driver, at a location in close geographical proximity to emerging European new era battery markets.

“Our SiLeach® processing technology is ideally suited for processing Sadisdorf’s greisen-style polymetallic mineralisation which contains abundant lithium micas.

“With tin increasingly regarded as a strategic technology metal, the tin assays encountered also confirm our view of the potential of Sadisdorf as a significant polymetallic deposit.

“Test work on fresh samples will commence shortly and we look forward to the full assay results from the remaining two drill holes.”

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

During December 2017, a maiden JORC resource was estimated for Sadisdorf based on historical drilling and sampling.

The inferred estimate stands at 25 million tonnes grading 0.45% lithium.

Results for the final two diamond holes are expected towards the end of this month.

View full LIT profile View Profile

Lithium Australia NL Timeline

Big Picture
March 12 2019

Related Articles

The main access road to Hexagon and MinRes’ McIntosh Graphite Project in WA
January 31 2019
The MinRes JV partner expects a mineral resource update this quarter ahead of study work.
Unloading concentrate at Wyndham port shed
January 15 2019
Ramp-up to full underground production is on schedule and concentrate is being trucked to the Wyndham port.
March 05 2019
The company’s $5.3 million rights issue to fund completion of its DFS closes this week.

© 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