assay results for Andrada's inaugural drill programme undertaken over their B1 & C1 pegmatites, located within their
ML129 mining license (
B1/C1 pegs), were released today;
for reference,
ML129 is Andrada's below triangle shaped tenement that is sandwiched between our two tenements, EPL7345 & EPL8535:
"HIGHLIGHTS
· All drill holes intersected mineralised pegmatites, indicating continuity at depth.
· Significant pegmatite intersections include:
o Drill hole B1_01: 14.52 m at 1.38% Li2O, 285 ppm Ta and 0.131% Sn from a depth of 15.48 m to 30.00 m.
§ Including notable lithium intersections of 5 m at 2.32% Li2O from 18 m to 23 m; and 2.5m at 2.04% Li2O from 25.5m to 28 m.
o Drill hole B1_09: 12.78 m at 0.74% Li2O, 181 ppm Ta and 0.052% Sn from a depth of 65.80 m to 78.58 m.
§ Including a notable lithium intersection of 4.66 m at 1.45% Li2O from 69 m to 73.66 m.
o Drill hole C1_04: 11.06 m at 0.81% Li2O, 1101 ppm Ta and 0.033% Sn from a depth of 13.59 m to 24.65 m.
§ Including a notable lithium intersection of
3.65 m at 2.14% Li2O from 16 m to 19.65 m."
"
These drill results provide an initial glimpse into the potential of the Spodumene Hill Project. The identified high-grade lithium intersections within the pegmatite
could be separated through ore sorting to provide a potentially high-grade pre-concentrate for the lithium processing plant.
These results have also highlighted the tantalum potential of this area, and the relevance of the recently constructed tantalum recovery circuit. The proximity of the Spodumene Hill Project to the existing operations provides an immediate opportunity for additional revenues from the project area by blending tantalum grades.
The highlighted intersections provide a promising starting point for the next phase of exploration which will aim to define the extent of these zones both laterally and with depth. We have also initiated a metallurgical programme to investigate the optimal beneficiation process for the recovery of both lithium and tantalum, whilst also producing tin as a by-product."
(20min delay)