Panorama of a Belo Horizone in Minas Gerais
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Lightning Minerals Ltd (ASX:LM1) is gearing up for its first drill program of 2025 at the Esperança Project in Brazil’s Lithium Valley, with Raman spectrographic analysis confirming the presence of spodumene mineralisation there, in addition to strong soil sampling results across the company’s Brazilian plays.

The company is aiming to run 2,000 metres of diamond drilling at Esperança in the first quarter of 2025, with drilling contractors and logistics already procured for the inaugural program.

In the lead up to this, it ran Raman spectroscopic analysis at Esperança, with this underscoring the fact that spodumene is the lithium bearing mineral there.

This backed up the discovery of a lithium-bearing pegmatite at the project, announced in November 2024 following a phase of early exploration which included project scale
geological mapping, ground reconnaissance, and soil sampling.

At the same time, Lightning picked up strong soil assays through soil sampling programs at the Caraíbas and Esperança projects – which are also located in the Lithium Valley in Brazil’s Minas Gerais region.

Assays of up to 429 parts per million (ppm) lithium were returned at Caraíbas and 320ppm Lithium at Canabrava.

Lightning has been trading at 6.6 cents.

Join the discussion: See what HotCopper users are saying about Lightning and be part of the conversations that move the markets.

LM1 by the numbers
More From The Market Online
The Market Online Video

HotCopper Highlights, Week 50: 4DX above $2/sh, Nanoveu, Ovanti & more

Good Afternoon and welcome to HotCopper Highlights wrapping up Week 50 of the year, I’m Jon Davidson.

‘Potential is enormous’: GreenX likes what it’s found in Tannenberg, is activating acquisition option

GreenX Metals has activated an option to secure control of the Tannenberg Copper Project in Germany,…
The Market Online Video

ASX Market Open: Oz shares heading for W50 weekly gains with Friday rally | Dec 12

ASX today – The third-last week of CY25 may actually end on gains, with a late-on…

Listen: HotCopper Wire CY25 Wrapped – Looking back at Invictus, Kaili, DRO, and more

In the first half of the HotCopper Wire‘s CY25 end-of-year special, Isaac McIntyre and Jonathon Davidson look back over the year that was