Metalicity Ltd (ASX:MCT) has completed the first phase of detailed mapping and sampling at several of its Pilbara based lithium prospects in Western Australia.
This work forms part of a program to discover pegmatite hosted lithium mineralisation and to facilitate drill testing of priority targets upon grant of the tenure which is expected in Q4 2016.
The key focus of the completed phase was the Pilgangoora South Project which comprises two key prospects:
-The Turner River North prospect adjoining the Pilgangoora lithium deposits of Pilbara Minerals Ltd (ASX:PLS) and Altura Mining Ltd (ASX:AJM), one of the largest deposits of hard rock lithium in the world.
Metalicity’s field work has identified the potential for pegmatite extensions under thin cover adjoining these world class deposits within 2 kilometres.
-The Stannum prospect application is located adjacent to the Wodgina Tantalum-Lithium Operations recently acquired by Mineral Resources Limited (ASX:MRL).
The Wodgina Tantalum-Lithium Operations also contain large hard rock tantalum resources, with established infrastructure nearby including mine, plant, power, and water.
Extensive outcropping pegmatites have been mapped at Stannum by Metalicity with spodumene (the preferred lithium bearing mineral) observed in the central pegmatite area of the tenement.
The completed mapping and sampling work is part of the company’s accelerated $1 million exploration program across its Western Australian lithium projects.
In June, Metalicity made a placement to raise $3 million from members of the China Battery Association, to advance its lithium exploration and business development strategy.
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