Cashed up Dakota Minerals Ltd (ASX:DKO) will have a drill rig turning at its lithium project located in the Pilgangoora region where as Pilbara Minerals Ltd (ASX:PLS) and Altura Mining Ltd (ASX:AJM) have both made lithium and tantalum discoveries.
The drilling at the Lynas Find lithium project in Western Australia follows encouraging rock-chip results at Central Lynas Find pegmatite in January, which yielded average results of 1.7% Li2O and up to 5.12 Li2O.
An airborne geophysics survey across the Lynas Find lithium project tenements and an initial review of the radiometric data indicates a positive response from known mineralised pegmatites such as Lynas Find Central, and possible extensions to the Lynas Find South West lithium-bearing pegmatite discovery.
The company holds $3.1 million in cash at hand.
Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.