Lightning Minerals Ltd (ASX:L1M) CEO Alex Biggs talked with Proactive about the company’s latest drilling activities at the Esperança lithium project in Brazil.
Biggs shared that drilling has commenced after six months of preparation across three tenements in Brazil’s Lithium Valley.
The Esperança project has confirmed spodumene-bearing pegmatite, indicating lithium presence.
The drilling program will cover 2,000 metres across 14 holes, with the flexibility to adapt as necessary.
Biggs noted that the campaign is expected to take around eight weeks, with assay results anticipated within four to six weeks.
He mentioned that Lightning Minerals will provide market updates as drilling progresses and may fast-track assays depending on early results.
Beyond Esperança, Lightning Minerals is also focused on its Caraíbas and Canabrava projects.
Biggs highlighted strong lithium values from soil sampling and reiterated the company’s commitment to further exploration in Brazil, which he described as a cost-effective and highly prospective lithium region.
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