PLS 2.53% $4.06 pilbara minerals limited

ASX / MEDIA ANNOUNCEMENT WEDNESDAY 23 JUNE 2021EXPLORATION AND...

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    ASX / MEDIA ANNOUNCEMENT WEDNESDAY 23 JUNE 2021
    EXPLORATION AND DEVELOPMENT DRILLING ALONG THE SOUTHERN
    CORRIDOR AT PILGANGOORA DELIVERS FURTHER EXCEPTIONAL
    RESULTS
    PROGRAM TO PAVE WAY FOR NEW INTEGRATED RESOURCE IN THE SEPTEMBER QUARTER
    KEY POINTS
    • Strategic exploration and resource extensional drilling program adjacent to the
    historical Altura tenement boundary identifies further defined zones of highgrade pegmatite mineralisation.
    • 10,158 drill metres completed with an extension to the initial program currently
    underway.
    • Further promising assay results received for the first 32 Reverse Circulation holes
    of the 62-hole program, with select new intercepts indicating:
    • 20m@ 1.83% Li2O and 36 ppm Ta2O5 from 28m (PLS1328)
    • 12m @ 1.84% Li2O and 67 ppm Ta2O5 from 5m (PLS1330)
    • 21m @ 1.28% Li2O and 62 ppm Ta2O5 from 25m (PLS1337)
    • 32m@ 1.44% Li2O and 79 ppm Ta2O5 from 159m (PLS1337)
    • 44m@ 1.49% Li2O and 76 ppm Ta2O5 from 146m (PLS1341)
    • New near surface pegmatite domain identified, suggesting a lower strip ratio
    within the potential mine pit inventory of the combined South Pit.
    • Drilling continues, with an update to the Pilgangoora Project Mineral Resource
    on track for delivery in the September Quarter 2021.
    Australian lithium producer Pilbara Minerals Limited (Pilbara Minerals - ASX: PLS) is pleased
    to report further significant assay results from the current exploration and resource
    extension drilling program underway at its 100%-owned Pilgangoora Project in Western
    Australia.
    The drill program is targeting the under-explored region on the tenement boundary
    adjacent to the former Altura Lithium Operation (now known as the Ngungaju Plant and
    associated facilities), with the intention of optimising and growing the future pit inventory.
    Initial results from the program have identified zones of high-grade pegmatite
    mineralisation adjacent to the tenement boundary and future South Pit expansion area
    which is outside of the previously identified Mineral Resource.
    Geological modelling is currently underway and on track for the delivery of an updated
    Pilgangoora Project Mineral Resource (including the compilation and integration of the
    former Altura Lithium Operations’ Mineral Resource) in the September Quarter 20211

    etc, etc
    .
    Last edited by kchil: 23/06/21
 
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