- Altura Mining (AJM) is progressing exploration and technical activities at the Fish Lake Valley lithium project, which is located in a ‘lithium hotspot’ of Nevada
- The company recently commissioned Recion Technologies to assess the project’s brine suitability for a direct lithium extraction (DLE) process flowsheet
- It’s also undertaking a seismic survey and data collection program to better understand the lithium potential of the project
- Altura is currently earning a 60 per cent interest in the Fish Lake Valley project which, based on historical exploration and its location, is considered an ‘excellent opportunity’
- Company shares ended Tuesday’s session 76.2 per cent in the red to trade at 1.5 cents
Altura Mining (AJM) is progressing exploration and technical activities at the Fish Lake Valley lithium project in Nevada.
This work is part of Altura’s quest to earn a 60 per cent interest in the project under an earn-in deal with US-based Lithium Corporation.
The Fish Lake Valley Lithium Project is located 30 kilometres from Albemarle’s Silver Peak mine and 20 kilometres from Argosy Minerals’ (AGY) Tonopah lithium project. Based on this, and historical exploration outcomes, Altura considers the project to be an “excellent opportunity”.
Altura CEO Alex Cheeseman commented on the project’s potential.
“The earn-in allows us the ability to secure lithium raw materials in a proven and stable
mining jurisdiction of the United States. The US electric vehicle market is booming, with billions of dollars being committed by the US-based auto manufacturers and the US Government,” he said.
Lithium Corporation previously conducted drilling and exploration activities at Fish Lake Valley which lead to identifying anomalous lithium brine mineralisation as well as elevated levels of boron and potassium. In particularly, the northern end of the project showed an enriched zone of lithium, which Altura is focused on better understanding.
At the start of the month, Altura began a seismic survey and data collection program, with two regions identified for data collection. Its main focus will be over the enriched northern zone, but it also plans to target the southern area. It’s hoped the survey will help to define potential mineralised beds and fault structures within the Fish Lake Valley basin.
The company also commissioned Recion Technologies to complete an evaluation program to assess Fish Lake Valley brine’s suitability for a direct lithium extraction (DLE) process flowsheet. The program will commence once brine samples are received and is expected to take between 12 and 14 weeks to complete.
“We look forward to updating the market as this first round of exploration and technology development work unfolds,” Mr Cheeseman said.
Altura said once the DLE process study and seismic survey have been completed, it will be better informed to plan exploration activities for 2022.
Company shares ended Tuesday’s session 76.2 per cent in the red to trade at 1.5 cents.