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Norwest Minerals (ASX:NWM) discovers LCT anomaly at Arunta West

ASX News, Materials
ASX:NWM      MCAP $16.30M
03 March 2022 18:22 (AEST)
Norwest Minerals (ASX:NWM) - CEO, Charles Schaus

Source: Charles Schaus/LinkedIn

Norwest Minerals (NWM) has identified a large lithium-caesium-tantalum (LCT) anomaly within its Arunta West project in Western Australia.

The company is undertaking an ongoing analysis of a multi-element geochemical program conducted over the project last year which generated 6550 samples.

The newly discovered anomaly covers a six-kilometre by two-kilometre zone which is located along a greenstone-granite contact where cross-cutting structures appear to contain elevated lithium, tantalum and niobium elements. These are considered key components for LCT-rich pegmatites.

“The analysis work by our consulting geochemist continues to prove fruitful with the identification of this large LCT pegmatite anomaly which follows on the back of this week’s rare earth anomaly announcement,” CEO Charles Schaus said.

“The occurrence of the elevated and coincident lithium, tantalum and niobium samples along a greenstone-granite contact makes for very exciting follow-up exploration of this LCT pegmatite target.”

Norwest plans to conduct follow-up mapping, rock chip and infill soil sampling and has submitted work applications to do so. The company expects to commence this work in the June quarter.

Company shares ended the day trading steady at 5.7 cents.

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