- Dart Mining (DTM) strikes lithium-caesium-tantalum (LCT) bearing pegmatites at its Dorchap project in northeast Victoria
- The first diamond drill hole at the Eagle dyke intersected pegmatite 77.6 metres downhole, with a planned hole depth of 250 metres
- The findings form part of an initial 3000-metre phase one diamond drilling program over five pegmatite targets along the northern portion of the project
- DTM’s Dorchap project is fully funded by its joint venture partner Sociedad Quimica y Minera (SQM), through a $12 million, six-year earn-in agreement
- Shares in DTM are up 23.5 per cent and trading at 6.3 per cent at midday AEST
Dart Mining (DTM) shares climbed more than 25 per cent after announcing it struck lithium-caesium-tantalum (LCT) bearing pegmatites at its Dorchap project in northeast Victoria.
The findings follow the commencement of an initial 3000-metre phase one diamond drilling program over five pegmatite targets along the northern portion of Dorchap.
The first diamond drill hole at the Eagle dyke intersected pegmatite 77.6 metres downhole, with a planned hole depth of 250 metres.
Dart Mining reaffirmed its project is fully funded by its joint-venture partner and leading global lithium producer, Sociedad Quimica y Minera (SQM), through a $12 million, six-year earn-in agreement inked in July 2022.
“We are working closely with our joint venture partner SQM to efficiently progress the drilling of these LCT pegmatite targets, and at the same time maintaining rock chip
sampling crews in the field, who are mapping and sampling additional LiDAR pegmatite targets,” DTM Chairman James Chirnside said.
Rock chip highlights from the Eagle dyke included 10 metres at 0.9 per cent lithium oxide and a duplicate sample of 10 metres at 1 per cent lithium oxide.
Shares in DTM were up 23.5 per cent and trading at 6.3 per cent at midday AEST.