Ariana Resources plc (LON:AAU) has noted some more ‘exceptional’ drill results from its Australian lithium investee company Dakota Minerals.
The results from Dakota's Lynas Find lithium project in Western Australia included 35m at 2.1% lithium oxide, 35m at 1.75% and 40m at 1.52% Li2O, with an overall weighted average grade of 1.75% Li2O.
A gold explorer primarily, Ariana has a 7.64% strategic investment in Dakota and it said these results confirm the continuation of the Pilgangoora system, now the second largest hard rock lithium deposit in the world, into Lynas Find.
Kerim Sener, Ariana’s managing director, added: "Our team are highly encouraged by Dakota Minerals' excellent maiden drilling results on the Lynas Find project in the Pilgangoora region of Western Australia
“The synergy between global gold bearing systems and those of the emerging and highly exciting technology-metals sector are proving to be an excellent fit for the company.
“The Ariana team is continuing to identify further technology-metals projects, with a special focus on lithium. We expect to commercialise these projects according to the model applied to Dakota Minerals."