- Delta Lithium (DLI) strikes its highest tenor intercept to date at its Yinnetharra lithium project in WA’s Gascoyne region
- The company received new assays from the M36 pegmatite within the Malinda prospect, with results including 33 metres at 1.9 per cent lithium oxide from 218 metres
- The results are deemed “extremely important” for its exploration program, as they come from holes that are a “significant” step out along strike from previous M36 results
- Executive Chairman David Flanagan says with multiple targets to test, the company has a “massive upside” ahead of it
- Delta Lithium climbs 20.6 per cent, trading at 88 cents at 12:30 pm AEST
Delta Lithium (DLI) has struck its highest tenor intercept to date at its Yinnetharra lithium project in WA’s Gascoyne region.
Yinnetharra is an early-stage exploration project which spans 505 square kilometres, with six well-defined mineralised pegmatites at the Malinda prospect to date.
The company received new assays from the M36 pegmatite within Malinda, revealing its best tenor mineralisation of any pegmatite received to date at the project.
New drilling results from the program included 33 metres at 1.9 per cent lithium oxide from 218 metres, and 19 metres at 1.6 per cent lithium oxide from 190 metres.
Delta reported the results are “extremely important” for its exploration program, as they come from holes that are a “significant” step out along strike from previous M36 results.
“Yinnetharra is a big system, 216 holes in and we have pegmatites defined along 1.6 kilometres of strike, stacked in a package more than a kilometre wide,” Delta Lithium Executive Chair David Flanagan said.
“Mineralisation is open down plunge and it’s right here in Western Australia, the single biggest lithium producing region on the planet.
We are very pleased with results to date and with multiple targets to test, we have massive upside ahead of us.”
DLI climbed 20.6 per cent, trading at 88 cents at 12:30 pm AEST.