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- Metals Australia (MLS) reports “exceptional” drilling results from the Foundation pegmatite at its Manindi project in the Eastern Goldfields of Western Australia
- Results from the program included up to 2.59 per cent lithium oxide
- Drilling intersected a 12.5-metre true width zone of pegmatite, rich lithium minerals such as lepidolite, and the lithium aluminosilicate petalite
- The company will initiate metallurgical testing to generate lithium concentrate and assess the potential for high-value downstream lithium carbonate production
- Shares in MLS last traded at 3.6 cents at 10:25 am AEST
Metals Australia (MLS) has reported “exceptional” drilling results from the Foundation pegmatite at its Manindi project in the Eastern Goldfields of Western Australia.
Results from the program included 12 metres at 1.38 per cent lithium oxide from 60 metres downhole, including eight metres at 1.69 per cent from 63 metres.
Further hits included three metres at 2.12 per cent lithium oxide from 63 metres, including one metre at 2.59 per cent lithium oxide.
The latest results were drilled to test the highest-grade zone of the Foundation pegmatite, which previously produced rock chip grades of up to 2.3 per cent lithium oxide.
Metals Australia’s diamond drill hole intersected a 12.5-metre true-width zone of pegmatite, rich in lithium minerals such as lepidolite and the lithium aluminosilicate petalite, that can be converted to spodumene.
“The latest diamond drilling results demonstrate both the high-grade and continuity of the Foundation lithium-bearing pegmatite on our Manindi project in WA,” MLS Chair Mike Scivolo said.
“This has given us the confidence to commit to the next stage of work at Manindi, involving metallurgical test work to examine the potential to produce lithium concentrate on site, while also assessing downstream processing options for production of high-value lithium products in WA.
“Positive results from this work will lead to resource delineation and examination of development options for this exciting new Australian lithium project,” he added.
Metals Australia reported this test work would be based on a more than 40-kilogram bulk sample from the latest drill hole, grading 1.33 per cent lithium oxide.
Shares in MLS last traded at 3.6 cents at 10:25 am AEST.
