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- Jadar Resources (JDR) completes due diligence of the Shaw River Project in the Pilbara region of WA
- The move marks a step closer to Jadar’s 80 per cent project acquisition from Calatos, which is hoped to expand Jadar’s portfolio of mining assets to service the battery technology and high growth electronics sector
- Results from reconnaissance sampling are yet to be received due to commercial laboratories being inundated with samples
- Once assays have been returned, Jadar says it will immediately plan follow up sampling programmes to better assess the potential of the tenement for pegmatite mineralisation
- Shares in Jadar are up 3.92 per cent to 5.3 cents at 10:56 am AEDT
Jadar Resources (JDR) has completed due diligence of the Shaw River Project in the Pilbara region of Western Australia.
The move marked a step closer to Jadar’s acquisition of 80 per cent of the Shaw River Project from Calatos, with the finalisation now in reach.
The acquisition is hoped to expand Jadar’s portfolio of mining assets to service the battery technology and high growth electronics sector.
The Shaw River Exploration Licence is made up of 70 square kilometres and covers several areas of historic tin-tantalum workings. To date, only up to 20 per cent of the tenement has been visited by Jadar due to vehicle access issues.
Results from reconnaissance sampling are yet to be received due to commercial laboratories currently being flooded with samples. However, Jadar noted the presence of widespread tin tantalum, which is typically associated with lithium occurrence, and observed pegmatite outcrop, which the company said demonstrates the prospectivity of the Shaw River project.
Individual pegmatites of up to 15 metres width displayed zoning was also observed at all localities visited within the tenement, which Jadar said further indicates potential for lithium and caesium mineralisation to be present.
Once assays have been returned, Jadar said it will get to work planning follow up sampling programmes to better assess the potential of the tenement for pegmatite mineralisation.
Shares in Jadar are up 3.92 per cent to 5.3 cents at 10:56 am AEDT.
