Argonaut recently visited Dakota Mineral’s (DKO) Lynas Find lithium project, in the Pilbara region, Western Australia. DKO’s tenements directly abut Pilbara Minerals (PLS) Pilgangoora Lithium-Tantalite Project which has a defined Resource of 80Mt @ 1.3% Li2O and 195ppm Ta2O5. Pilgangoora is one of the largest hard rock lithium deposits globally. Spodumene, the primary lithium bearing mineral, is visible in outcropping pegmatites which propagate into DKO’s tenements. A first pass drilling campaign is nearing completion and first assays returned high grades averaging 1.8% Li2O. Speculative Buy recommendation.
DKO Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held