Kingston Resources Limited (ASX:KSN) has its eyes on lithium after pegging two new exploration licence (EL) applications argeting lithium mineralisation on the Yilgarn Craton of Western Australia.
EL74-589 (Manyutup) lies immediately south of the Mt Cattlin spodumene mine and EL74-577 (Recruit Hill) covers a salt lake identified by Geoscience Australia as having high potential to host lithium and potash mineralisation.
Located in southern Western Australia adjacent to the township of Ravensthorpe, Manyutup covers the contact between the Annabelle Volcanics and the Manyutup Tonalite within the Yilgarn Craton.
The Annabelle Volcanics contains lithium-cesium-tantalum pegmatites which are prospective for lithium mineralisation and host the Mt Cattlin spodumene deposit, owned by Galaxy Resources Limited (ASX:GXY).
Initial investigation of previous exploration within Manyutup indicates the bulk of existing soil grids explored for base metals, but did not assay for lithium.
Located in southern Western Australia, the second license application Recruit Hill covers a non-perennial salt lake and quaternary dunes system.
Kingston is targeting lithium within brines associated with the salt lake groundwater system. An independent investigation by Geoscience Australia in a 2013 report highlighted the potential of the area to host lithium and potash mineralisation.
These two applications expand Kingston’s portfolio of lithium tenements following the three lithium focused applications pegged by the company within the Arunta Region of the Northern Territory announced in March 2016.
The share price of Kingston has doubled since the beginning of 2016.
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