Join our daily newsletter At The Bell to receive exclusive market insights
- Jadar Resources’ (JDR) survey teams are returning to the Pilbara to conduct surface sampling and geological assessments as part of 30-day due diligence
- The tenements have received minimal attention with only one of the four sites having received cursory attention from prior gold and base metal mining
- The only tenement with previous outcrop sampling returned 11.2 grams per tonne of gold
- JDR Executive Director Adrian Paul said the company’s exploration for green metals will help the booming battery technology and electronics sector.
- Jadar Resources are trading grey at 5.4 cents a share
Jadar Resources (JDR) survey teams have returned to the Pilbara to conduct surface sampling and geological assessments as part of 30-day due diligence.
The company recently announced the purchase of four tenements from a private company called Calatos.
These tenements give the company access to land considered to have the potential to host lithium-tantalum and precious metal mineralisation.
The project sites are located within 100 kilometres of three major lithium developments.
So far, the tenements have received minimal attention with only one of the four sites having received cursory attention for lithium mineralisation and prior exploration for gold and base metals.
The previous outcrop sampling of this tenement returned 11.2 grams per tonne of gold.
Executive Director Adrian Paul said the company’s exploration for green metals will help the booming battery technology and electronics sector.
“Whilst the company is still awaiting results from the Shaw River sampling, we have a team on the ground in the Pilbara to appraise new opportunities,” he said.
“This work is being undertaken in conjunction with assessment of the company’s Khartoum Tin and Tungsten Project, for which a non-binding MOU to negotiate the supply of tin concentrate has already been executed, and with drilling to commence shortly, once the necessary approvals have been granted.”
Jadar Resources were trading grey at 5.4 cents a share at 11.31 am AEDT.
