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Lithium Plus Minerals (ASX:LPM) has landed a “significant discovery” at its Spotted Wonder project in the Northern Territory, uncovering high-grade beryllium mineralisation from reassessing historical drill core.
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“This is a mineral that has enormous applications in high-tech aerospace and defence,” Lithium Plus’ non-executive director, Simon Kidston, told HotCopper’s Jonathon Davidson in a Watchlist interview today.
It’s something the Western world is very focused on, and we’ve discovered significant amounts in our deposit,” Mr Kidston continued in the interview.
It’s a particularly big find because “beryllium is extremely valuable.”
So much, in fact, that one tonne of the alkaline earth metal is worth US$1 million.
Hear all the details on the major Lithium Plus Minerals find and what it means for the Australian explorer in HotCopper‘s Watchlist interview video above.
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