- Australasian Metals (A8G) identifies high-grade tantalum and tin mineralisation at the Barrow Creek Lithium Project in the Northern Territory
- Samples returned grades of up to 1018 parts per million tantalum, which was taken from a highly weathered outcrop
- Due to the high degree of weathering in this area, there is no other outcropping rock for several hundred meters of radius around the area, apart from buckey white quartz veins
- The company has now begun preliminary discussion with concentrate processors in Asia to test its material
- Australasian Metals is up 15 per cent, trading at 23 cents at 1:35 pm AEST
Australasian Metals (A8G) has identified high-grade tantalum mineralisation at the Barrow Creek Lithium Project in the Northern Territory.
The company unearthed the high-grade tantalum plus tin mineralisation at project, which is situated within the Northern Arunta pegmatite province, associated with highly anomalous values of lithium and caesium.
The drilling returned results including 1018 parts per million tantalum, which was taken from a highly weathered, almost ground-level outcrop.
The company reported due to the high degree of weathering in this area, there is no other outcropping rock for several hundred meters of radius around this area, apart from weathering resistant, buckey white quartz veins that are scattered throughout.
Australasian said these quartz veins are likely to be associated with the emplacement of pegmatite.
A8G Managing Director Dr Qingtao Zeng said the team is fully committed to deliver exploration success, which has now paid off with more recent high-grade tantalum sample results.
“This high-grade tantalum and tin mineralisation at surface is consistent with historical production in this area and with much higher tantalum and tin prices today, we are very excited about the potential quality of this project,” he said.
Follow-up soil sampling is now underway in the area to expand the potential footprint of mineralisation, with the company now awaiting results.
The company said it has also begun preliminary discussion with concentrate processers in Asia to test its material.
Australasian Metals was up 15 per cent, trading at 23 cents at 1:35 pm AEST.