- Jadar Resources (JDR) has been granted an exploration licence for its Shaw River tenement in the East Pilbara region of Western Australia
- Initial geological reconnaissance and sampling has been completed, with 31 samples collected and assays pending
- The indices for highly fractionated pegmatites is said to confirm fractionation has reached its peak, and JDR expects the presence of lithium and caesium
- With the tenement now granted, JDR plans to accelerate exploration to determine the full potential for lithium-tantalum-tin mineralisation
- Shares have been trading 3.2 per cent higher at 3.2 cents at 11:49am AEST
Jadar Resources (JDR) has been granted the Shaw River Tenement in the East Pilbara region of Western Australia.
The tenement comprises 22 sub-blocks and covers several areas of historic tin-tantalum workings.
The company has visited 20 per cent of the tenement to date. Initial geological reconnaissance and sampling of the known mineralisation has been undertaken. Thirty-one samples from pegmatite have been collected with assays pending.
With the observation of a number of pegmatites as well as pegmatite outcrop, JDR said the indices for highly fractionated pegmatites confirmed fractionation had reached the highest order, and it expected lithium and caesium to be present.
With the tenement now granted Executive Director Adrian Paul said the company would be able to accelerate exploration activities to determine the full potential for lithium-tantalum-tin mineralisation.
“The initial field work has been successful in demonstrating widespread occurrences of pegmatite within the Shaw River tenement,” he said.
“I am excited as to the potential of the project, considering its location in a region with demonstrated significant lithium-tantalum endowment.”
Shares were trading 3.2 per cent higher at 3.2 cents at 11:49am AEST.