- Lithium Plus Minerals (ASX:LPM) declares a maiden MRE at its Lei deposit during the December 2023 quarter
- The high-grade lithium resource came in at 4.1 million tonnes grading 1.43 per cent
- The company also wrapped up a four-hole RC drilling program at its Perseverance prospect within the Kings Landing Area
- The company reported a healthy cash balance of $9.4 million as of December 31, 2023
- LPM last traded at 24 cents
Lithium Plus Minerals (ASX:LPM) declared a maiden mineral resource estimate (MRE) at its Lei deposit during the December 2023 quarter.
The high-grade lithium resource came in at 4.1 million tonnes grading 1.43 per cent.
The company showcased continued progress at Lei during the quarter, with preliminary metallurgical test results anticipated in Q1 2024.
LPM also wrapped up a four-hole reverse circulation (RC) drilling program at its Perseverance prospect within the Kings Landing Area, discovering significant spodumene mineralisation
The company reported a healthy cash balance of $9.4 million as of December 31, 2023.
Assay results for the remaining holes at Lei and Kings Landing are slated for February 2024.
LPM last traded at 24 cents.