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Lithium Australia discovers cobalt mineralisation at Eichigt

The Eichigt project is close to the company's Sadisdorf lithium project also in Germany.
map of germany
32.19 metres grading 0.52% lithium was recently intersected at Sadisdorf

Lithium Australia NL (ASX:LIT) has sampled up to 0.6% cobalt and 0.48% copper in maiden exploration at its wholly owned Eichigt project in Germany.

Initial exploration focused on copper-bearing quartz-veins that were subjected to small-scale mining activities during the 16th century.

Results from the first five grab samples are shown below.

Lithium Australia’s managing director Adrian Griffin said: “Strong, previously undescribed cobalt mineralisation at surface confirms the limited nature of past exploration.

“The diggings encountered are testimony to the considerable extent of the strike.

“Close to our Sadisdorf lithium project, and on the doorstep of the European EV manufacturers, this cobalt could prove a strategic feed into the burgeoning battery industry.”

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

Earlier this month, Lithium Australia intersected 32.19 metres grading 0.52% lithium in its first hole drilled at the Sadisdorf polymetallic tin-lithium project in Saxony, Germany.

Drilling was part of a 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.

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.

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