Proactive Investors - Run By Investors For Investors

Lithium Australia identifies lepidolite-bearing pegmatites at Youanmi project

The company is planning on drilling both lithium and vanadium occurrences in the near future.
lithium
Lepidolite is the most abundant lithium-bearing mineral

Lithium Australia NL’s (ASX:LIT) field reconnaissance and detailed mapping at the Youanmi project have confirmed the presence of lepidolite-bearing pegmatites at surface over a strike length of 2.5 kilometres.

The pegmatites occur as clusters, with individual pegmatite outcrops up to 400 metres long and 50 metres wide on surface.

Since much of the area surrounding the known pegmatite locations is covered by sheetwash, it is likely that the occurrence of lithium pegmatites is far more extensive than the few outcrops currently mapped.

Mapped Youanmi pegmatites

Lithium Australia managing director Adrian Griffin said: “The widespread occurrence of lepidolite in a location of outstanding infrastructure augurs well for the future of the Youanmi project.

“Anomalous caesium may also be indicative of further potential this pegmatite suite may have, caesium being in short supply globally, and resource inventories at historically low levels.

“We are planning on drilling both the lithium and vanadium occurrences in the near future.”

READ: Lithium Australia completes aerial survey at Youanmi

Information acquired during Lithium Australia's recently completed high-resolution aerial geophysical survey will be used, in conjunction with the detailed mapping and previous geochemical results, to define drill targets for lithium mineralisation.

 

Lithium Australia has committed to further investing funds into its work of commercialising operations at the Sadisdorf Lithium-Tin Project in Germany and ultimately producing cathode powders for lithium-ion batteries in Europe.

This commitment comes after the company has produced lithium from unconventional sources, including mine waste, using its SiLeach® metallurgical process route.

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

1550828159_African-Battery-Metals---exploration-team.jpg
February 22 2019
A reinvigorated African Battery Metals is about to embark on the next phase of its story
A map of Torrens ground's proximity to high-profile mining deposits in the Olympic Dam province
April 04 2019
The company holds the Torrens project with Aeris Resources, a copper producer at the Tritton operations in NSW.
1548906539_nevada-2.jpg
January 31 2019
Last year’s pre-feasibility study demonstrated the project’s large scale, long life and low-cost lithium production.

© 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