- Arcadia Minerals (AM7) launches an electromagnetic survey over its Bitterwasser project in Namibia
- The survey aims to identify possible lithium-rich brine layers at depth and targets associated with tectonic source structures
- The company says if the survey is successful, it will plan a drill program over the best targets
- An initial 2000 line-kilometres will be flown, with a second phase to be completed depending on the results
- Shares in Arcadia Minerals are up 10.94 per cent to 36 cents at 10:39 am AEDT
Arcadia Minerals (AM7) has launched an electromagnetic survey over its Bitterwasser project in Namibia.
Following a consultation process with communities in the area, Arcadia has now received all authorisations and permissions for the survey.
The survey aims to detect brine deposits at depth on a regional scale and to identify sub-basins and total basin depths for lithium-enriched brine pools, as well as targets associated with tectonic structures containing hydrothermal activity.
Specialist airborne geophysical operator New Resolution Geophysics will conduct the survey over large portions of the project.
Arcadia said if the survey was successful, it would plan a drill program over the best targets.
An initial 2000 line-kilometres will be flown, with a second phase to be completed depending on the results.
The survey is expected to be able to penetrate to a depth of 300 metres.
Shares in Arcadia Minerals were up 10.94 per cent to 36 cents at 10:39 am AEDT.