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Lithium Australia’s drilling confirms historical lithium results in Germany

The company is advancing a scoping study to unlock the project using its proprietary SiLeach® process.

electric vehicles
Project is close to the European electric vehicle industry

Lithium Australia NL (ASX:LIT) has received significant lithium mineralisation from drilling at the Sadisdorf Project in Germany, confirming historical drill results.

Drill hole section with results

Consistent lithium mineralisation, as mica, was encountered, including:
• 78.51 metres at 0.51% lithium oxide and 68.56 metres at 0.51% lithium oxide; and
• 78.09 metres at 0.48% lithium oxide.

Significant intercepts of tin and tungsten mineralisation include:
• 19.4 metres at 0.65% tin;
• 2.09 metres at 0.72% tin; and
• 1 metre at 1.65% tungsten.

READ: Lithium Australia to turn waste into commercial lithium product

The company’s managing director Adrian Griffin said: "Lithium Australia’s maiden drilling program at Sadisdorf confirms the polymetallic style of mineralisation and the conservative nature of current resource statements.

“We are advancing the Sadisdorf scoping study on the basis that our 100% owned SiLeach® process can unlock the full potential of this style of mineralisation.

“The project location can take full advantage of the rapidly developing EV industry in Europe and has the potential to develop a new industry for Germany.”

 

Sadisdorf is a mothballed tin mine within a “greisen” (altered granite) alteration consisting of lithium micas. The project presently contains an inferred resource of 25 million tonnes at 0.45% lithium oxide.

Historical drilling has a maximum grade of 0.646% lithium oxide, as an upper detection limit of the grade estimation technique used at the time.

Several intervals in the new drilling are higher than this grade. This suggests there is potential for a future resource upgrade.

READ: Lithium Australia subsidiary producing lithium-ion cathode material for battery market

Notably, the Sadisdorf Project is in Saxony, Germany - close to the rapidly expanding European electric vehicle and battery industries.

Quick facts: Lithium Australia NL

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Market Cap: $25.11 m
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