AYT 0.00% 0.5¢ austin metals limited

Ann: Exploration Update-SCI.AX, page-2

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    Lithium

    Analyses from pegmatite samples collected within granted exploration licences have returned low values ranging from 0.6 to 79 ppm. Until the grant of the new licences, sampling of lithium-prospective ELAs has been restricted to drill chips made available in Broken Hill by a previous explorer (from ELA 5280). These were reported to be anomalous with values up to 319ppm (June Quarterly Report 2016). This ELA (now EL8454) hosts the Waukeroo tin field and is considered likely to host lithium minerals. Pegmatite samples to the south within an adjacent granted EL also returned anomalous results (Figure 3).
    On the grant of this tenement field teams began systematically sampling pegmatites and preliminary results are expected within four weeks.
 
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