- Jadar Resources (JDR) advises it has successfully completed the preliminary field assessment of the four potential lithium tenements in WA’s Pilbara region
- JDR says its sampling and reconnaissance work confirmed the prospective nature of the tenements, with multiple pegmatite outcrop over zones of several hundred metres observed
- The assessments were carried out as part of due diligence, with the ASX-lister entering into an agreement with private company Calatos to buy the four lithium assets
- Shares in Jadar Resources are steady at 5.2 cents per share
Jadar Resources (JDR) has successfully completed the preliminary field assessment of four potential lithium tenements in WA’s Pilbara region.
The materials stock entered into an agreement with private company Calatos to buy the four assets, and has been carrying out the assessments as part of due diligence work.
Among the field assessment work carried out by JDR was sampling, for further assaying, as well as geological reconnaissance at all of the four tenements.
The company said pleasingly, the work has confirmed the prospectively of all of the tenure in the East Pilbara.
In particular, JDR noted there were multiple pegmatite outcrop over zones of several hundred metres observed at E45/5821, while pegmatites were also observed at E45/6088.
Additionally, the historical workings at E45/5879 and E45/5717 showed mineralisation associated with basalt/komatiite contacts and shears-jogs in basalts, cherts and banded iron formation.
Commenting on the due diligence, Jadar Resources’ Executive Director Adrian Paul said he was pleased to confirm the prospective nature of the tenements.
“I am pleased that Jadar is able to acquire demonstrated prospective tenure in what is one of the world’s premier regions for lithium mineralisation,” he said.
“Observations from the recently completed reconnaissance on the new tenements in conjunction with the Shaw River Project provides Jadar with a starting point to develop a serious presence in the highly prospective Pilbara region.”
Company shares were trading steady at 5.2 cents each at 3:13 pm AEDT.