S T O C K H E A D article below:
METALS AUSTRALIA (ASX:MLS)(Up on no news)This battery metals junior is having a solid run in 2022.On 21 March it said initial RC drilling of the recently discovered ‘Foundation’ pegmatite at the ‘Manindi’ project in WA had intersected thick pegmatite with “visible lithium bearing minerals”.The hits are under recent rock chip sample results averaging 1.29% Li2O, 0.51% Rb over the entire 500m pegmatite strike length.Assays are pending.MLS will follow up with more detailed diamond drilling after this 3,500m drilling program is complete and results received.The company recently raised $7.8m to explore Mandini, as well as the ‘Lac Rainy’ graphite project in Canada.It is also looking to “build on its portfolio of battery minerals projects in the highly ranked exploration/mining jurisdictions of WA and Quebec, Canada”.
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