- Augustus Minerals (ASX:AUG) identifies a large lithium soil anomaly at its Ti-Tree Project, showcasing high-grade lithium and rubidium results
- A thorough review of soil sampling data unveils numerous highly promising lithium anomalies over a seven-kilometre by six-kilometre zone
- The soil samples on north-south oriented lines reveal lithium oxide exceeding 100 parts per million
- The AUG technical team is already working on exploration programs for 2024, leveraging the data from this discovery to redefine their priorities in the Gascoyne
- AUG shares are up 9.09 per cent, trading at 12 cents at 10:11 am AEDT
Augustus Minerals (ASX: AUG) has identified a large lithium soil anomaly at the Peak Bore prospect area of its Ti-Tree Project in Western Australia.
The company conducted a thorough review of soil sampling data, unveiling numerous highly promising lithium anomalies over a seven-kilometre by six-kilometre zone.
The soil samples collected on north-south oriented lines at a spacing of 100 metres by 400 metres confirmed the presence of lithium oxide exceeding 100 parts per million.
First-pass reconnaissance mapping of the anomaly has revealed outcrops of mafic greenstone and Leake Spring Metamorphics rock units, which are known to host spodumene pegmatites.
The Ti-Tree Project’s geological complexity, situated around the Ti-Tree shear, adds to the allure of this find.
The program confirmed multiple lithium and pathfinder element anomalies within the defined zone, making it a key focus for Augustus Minerals’ early exploration activities in 2024.
“This large lithium anomaly continues our strategy for searching for new critical mineral targets in the Gascoyne.” AUG Managing Director Andrew Reid said.
“Results from the soils confirm the presence of lithium and more importantly key pegmatite pathfinder elements overlapping the Ti-Tree Shear for which Augustus holds 85kms of strike length, and contain the same rocks which host the Yinnetharra Lithium Deposit.”
Importantly, the discovery coincides with occurrences of Leake Spring Metamorphic and mafic greenstone, crucial components associated with higher-grade portions of the anomaly.
The AUG technical team is already working on exploration programs for 2024, leveraging the data from this discovery to redefine their priorities in the Gascoyne region.
AUG shares were up 9.09 per cent, trading at 12 cents at 10:11 am AEDT.