Artemis Resources' update on the Mt Marie prospect highlighted rock chip samples with values of lithium with up to 4.7% Li2O, notes WH Ireland.
Some of the pegmatites identified had very large spodumene crystals up to 30cm long, adds the broker.
Further work on the tenements across the identified major structural zones will follow with drone surveying, rock chip sampling, soil sampling and other appropriate ground reconnaissance carried out.
The identified zones of pegmatite stretch for many kilometers and on a similar scale to those identified at Azure Minerals’ Andover project.
Heritage clearance applications are also in process for potential drilling.
A year full of catalysts for Artemis lies ahead, says WHI, which sees fair value at 5.2p.
Shares were 17% at 0.97p.