Juniors on Radar: 5 ASX Explorers to Watch (marketindex.com.au)
Juniors on Radar: 5 ASX Explorers to Watch Today
By Jed Herne
Fri 25 Feb 22, 12:00pm (AEDT) · Read: 3 min
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Essential Metals intersects fresh spodumene
Essential Metals (ASX: ESS) soared 11.48% at the open after intersecting fresh spodumene at the Cade and Davy deposits within the Pioneer Dome lithium project, located in WA.
Assays are pending to confirm lithium grades, with the company expecting a 12-week turnaround time from the sampling laboratory.
Managing Director Tim Spencer said:
“We are confident that the recently completed diamond drilling will, subject to satisfactory assay and metallurgical test work results, demonstrate that both the Cade and Davy deposits can be mined to produce recoverable spodumene from surface.”
“We also expect to upgrade the drilled zones from Inferred to Indicated status within the Mineral Resource, supporting our development pathway.”
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Ann: Pioneer Dome Lithium Project update - amended, page-8
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