Join our daily newsletter At The Bell to receive exclusive market insights
- Kalamazoo Resources (KZR) receives a new exploration licence which makes up the Jingellic lithium project in NSW
- The project covers 990 square kilometres, taking the company’s total granted tenure to 1328 square kilometres in NSW and WA
- Initial field work confirmed historical tin-tungsten workings and outcropping pegmatite dykes, indicating the potential for lithium-caesium-tantalum mineralisation and hardrock tin mineralisation
- Kalamazoo will now progress community engagement discussions before a “low impact” exploration program begins
- KZR shares end the day down 4.35 per cent at 33 cents
Kalamazoo Resources (KZR) has recently been granted a new exploration licence which covers 990 square kilometres within the Lachlan Fold Belt of New South Wales.
The EL9403 has been named the “Jingellic Lithium Project” and lies within an area that hosts highly fractionated S-type granites associated with alluvial and hardrock tin-tungsten occurrences.
Once granted, Kalamazoo immediately undertook field reconnaissance work which confirmed several historical tin-tungsten mine workings and a number of outcropping pegmatite dykes within the project.
The geology within the Jingellic project is highly prospective for both pegmatite-hosted
lithium-caesium-tantalum (LCT) mineralisation and hardrock tin mineralisation.
Kalamazoo Resources Chairman and CEO Luke Reinehr said recent lithium exploration work at the Marble Bar joint venture area as well as at the company’s own projects, encouraged it to investigate new lithium opportunities.
“The grant of the Jingellic lithium project is our first initiative into New South Wales, and we are thrilled to be able to take advantage of our first mover status in targeting lithium in the highly prospective southern Lachlan Fold Belt,” Mr Reinehr said.
“Increasing our portfolio to include NSW illustrates that Kalamazoo is entirely committed
to becoming an all-Australian focused significant lithium and gold development company.”
The addition of the Jingellic project has expanded Kalamazoo’s total granted lithium exploration tenure across WA and New South Wales to about 1328 square kilometres.
Looking ahead, the company will progress community engagement discussions before it conducts a “low impact” exploration program. This will start with a soil sampling survey alongside field reconnaissance and mapping.
KZR shares were down 4.35 per cent to trade at 33 cents at market close.
