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Lithium Australia samples high-grade cobalt copper and lithium in Germany

High-grade rock chip sample assays follow the recent first five grab samples.
Map display of sample locations over air photography
Map display of sample locations over air photography

Lithium Australia NL (ASX:LIT) has encountered more high-grade mineralisation in its second round of 16 field grab samples taken from the wholly owned Eichigt project in Germany.

Notably, grades ranged up to 1.47% cobalt, 0.54% copper and 0.71% lithium.

These early results for cobalt and copper confirm polymetallic mineralisation within the Eichigt project area.

READ: Lithium Australia discovers cobalt mineralisation at Eichigt

Lithium Australia’s managing director Adrian Griffin said: “The results of the first exploration campaign at Eichigt strongly supports our view that the license area we applied for was neglected during systematic exploration work carried out during the time of the German Demcratic Republic (GDR).

“The combination of cobalt, lithium and copper is an indication of the genesis of the mineralised system and the strong possibility of finding source granites and greisen style mineralization we see nearby at Sadisdorf.

Additional veins encountered, all remain open along strike and down dip

Griffin added: “The historic diggings indicate the strike extent, albeit remaining open.

“The down-dip extensions will be evaluated after delineation of the extent of surface mineralisation.”

Establishing a central processing hub in Europe

The 133 square kilometre Eichigt exploration licence was granted to Lithium Australia in January this year, adding to its existing Sadisdorf project, also in Saxony.

The company's objective is to establish a central processing hub in Europe to support battery production for the rapidly expanding electric vehicle industry.

It plans to use its 100%-owned SiLeach® process to recover lithium from its German projects, should doing so prove economically feasible.

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