summary of today's announcement (
https://www.marketindex.com.au/asx/as2)
"Talga East, which Askari’s geotech team is confident contains lithium mineralisation, is located within the same geological province that its two other lithium plays are; Myrnas Hill and the Yarrie project respectively. That province Askari refers to as a ‘Goldilocks Zone,’ implying the appropriate configuration of settings to encourage wide-scale lithium mineralisation.The company’s geotech team may be onto something:
late last month, it confirmed 1.2km of strike prospective for lithium at Myrnas Hill.
Busy neighbourhood
Like Myrnas Hill. Talga East is in proximity to Global Lithium’s (ASX:GL1) Archer lithium deposit. Myrnas borders lithium projects owned by Kalamazoo (ASX:KZR). Some 70km away, spodumene heavyweight Pilbara Minerals (ASX: PLS) has its own assets, as well as Mineral Resources’ (ASX:MRL) Wodgina play. The Yarrie Project, meanwhile, has been on the company’s radar since March. Early-stage exploration activities identified several geological structures indicative of further lithium mineralisation. ... For the geology nerds playing at home, Talga East overlies the Pilbara granite-greenstone terrane on ancient rocks thought to have fractioned, allowing for the accumulation of commercial minerals over time.
Sweet spodumene
The target: pegmatite outcrops. The discovery of any will be a boon for Askari, given that it then intends to commence drilling, where none has been carried out before.
Askari notes pegmatites, if present, may contain spodumene, as well as having the potential to also host gold." By Jonathon Davidson
