Read and weep, non holders. Delta Lithium (ASX:DLI), formally...

Read and weep, non holders.

Delta Lithium (ASXLI), formally Red Dirt Metals, acquired its Yinnetharra lithium project just north of Gascoyne Junction last year.

Back then, WA’s Mid-West was anything but a lithium hub, yet according to DLI boss David Flanaghan, the prospectivity was immediately obvious.

“I’m a geologist, and our geos in the field are walking up and finding great big slabs of unmapped pegmatites sticking out of the ground and we’re not the only ones who are doing it,” Flanagan told *’s senior journalist Josh Chiat.

Latest drilling results at the 505km2 project have returned impressive hits such as 43m at 1.22% Li20 at the Malinda prospect where the company has defined a ‘lithium mile’, comprising two major parallel ore zones M1 and M36 each now drilled out over 1.6km in strike length, remaining open down plunge.

With the recent discovery of the Jamesons prospect about 20km from Malinda, DLI boss David Flanagan says Yinnetharra “is looking more like a province than a project”.

“It’s very rare to feel like you are the first movers in a province, filled with amazing prospectivity, vastly under explored and delivering results in every respect,” he says.

“Yinnetharra has it all. It feels like we have hit the jackpot. These results further confirm that Malinda is showing all the signs of being the first of a number of major discoveries on our ground.”

Moving further southwest and adjoining Delta’s ground is Minerals 260 (ASX:MI6), backed by Tim Goyder and headed up by former Liontown Resources (ASX:LTR) managing director David Richards.