Join our daily newsletter At The Bell to receive exclusive market insights
- Following recent tenement acquisitions and an application for another, MRG Metals (ASX:MRG) begins exploration in Western Australia’s “Lithium Corridor”
- It’ll focus on soil lines identified through a desktop data review of all three tenements, covering key structures
- MRG will begin an initial phase of soil sampling on February 1
- MRQ last traded at 0.2 cents
Following recent tenement acquisitions and an application for another, MRG Metals (ASX:MRG) has launched exploration activities in Western Australia’s “Lithium Corridor.”
The exploration will focus on soil lines identified through a desktop data review of all three tenements.
The company announced an initial phase of soil sampling beginning on February 1.
The Lake Johnson region, marked by recent discoveries like Burmeister (TG Metals) and Medcalf & Mt Day (Charger Metals), is rapidly gaining traction as a sought-after lithium hub. Rio Tinto (ASX:RIO) also holds extensive tenement holdings in this area.
In the Forrestania lithium corridor, Mt Holland, owned by Wesfarmers (ASX:WES), stands as one of the largest lithium deposits with more than 90 million tonnes at 1.5 per cent lithium oxide.
The Lake Johnson project, spanning 296 km² and situated 115 km west-southwest of Norseman, lies within the established lithium Lake Johnson Lithium Corridor.
Geological insights from WAROX highlight a promising lithological outcrop for LCT pegmatites. Both areas within and outside the salt lakes exhibit potential for hosting these pegmatites, with an adjacent S-type granite further adding to the interest.
The exploration program will involve assessing mineralisation potential across all tenements using multiple lines.
Portable XRF analysis will identify key elements, with the most anomalous samples undergoing a comprehensive four-acid digestion analysis for a full lithium suite.
MRQ last traded at 0.2 cents.
