Lithium Australia NL (ASX:LIT) has completed high-resolution aeromagnetics and radiometrics at its Youanmi Lithium Vanadium Project in Western Australia.
Modelling of the data will be completed within the next two weeks, which will be used in conjunction with surface mapping to define drill targets for both lithium and vanadium mineralisation.
In particular, the magnetics will indicate the positions of likely extensions of the vanadium resource established by Venus Metals Ltd (ASX:VMC).
READ: Lithium Australia finalises option over Youanmi Lithium Project
The project consists of three exploration licences.
These host abundant lithium pegmatites intruding layered mafic rocks that also host vanadium-rich magnetite horizons.
Notably, Venus Metals identified a JORC resource of 110.6 million tonnes at 0.30% vanadium pentoxide over a strike length of about 3.5 kilometres.
Existing open-file magnetics suggest a similar strike extent of favourable horizons within Lithium Australia’s ground.