Lithium is a story that continues to play out as Liontown Resources (ASX:LTR) finds lithium and tantalum from trenching work at its central Tanzanian project.
The Mohanga project which Liontown acquired last year, contains a number of historical lithium occurrences which is notable as this is apparently the only lithium find reported in Tanzania.
Grades of up to 4.93% lithium and 1,862ppm tantalum were returned from two prospect areas.
Given the Mohanga Project area is 177km2 and underlain by an Archaean greenstone belt with no exploration to date, further exploration will look to define spodumene mineralisation, a primary hard rock source of lithium globally.
Investors have bid listed lithium stocks higher and higher as growth potential of the lithium-ion battery sector is projected to increase rapidly.
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