Lithium Australia NL Partner Completes Exploration Studies Suggesting Multiple Lithium-Cesium-Tantalum Pegmatites at the Bynoe Project
“The interpretation of all geochemical results suggests a large lithium mineralized system and provides Charge with an exploration roadmap, prioritizing the most significant drill-ready targets while identifying areas that require sampling and additional ground mapping,” says Charger MD.
Lithium Australia NL (ASX:LIT, OTC:LMMMF) partner Charger Metals NL carried out geochemical and aeromagnetic studies which, combined with drilling information from Core Lithium Ltd (ASX:CXO) buildings 600 meters along direction, suggest several swarms of lithium-cesium-tantalum pegmatites (LCT) extending from the adjacent CXO Finniss project to the Bynoe Lithium project.
The geochemical results highlighted two large prospective zones for LCT pegmatites, with significant strike lengths of 8 kilometers at Megabucks and 3.5 kilometers at 7-Up.
Drill-ready lithium targets have already been identified in the pegmatite zones of the Megabucks, Jenna’s, Enterprise 1 and 2, Riverside and 7-Up prospects.
Towards an inaugural drilling program
“Charger’s 2021 geochemistry program has very successfully defined two large pegmatite emplacement zones that extend up to 8 kilometers, centered on the Megabucks and 7-Up prospects, respectively,” said the general manager. by Charger Metals, David Crook.
“The interpretation of all geochemical results suggests a large lithium mineralized system and provides Charge with an exploration roadmap, prioritizing the most significant drill-ready targets while identifying areas that require sampling and additional ground mapping.
“The company is advancing planning and licensing for its first drilling program at Bynoe, which is due to begin at the end of the Northern Territory rainy season.”
Charger combined its recent aeromagnetic survey images with data released to the market from Core Lithium drilling, revealing that the high-grade spodumene mineralization intersected by CXO lies just 3 kilometers to the northeast along the trend of the 7-Up prospect.
CXO’s drilling also intersected lithium-fertile LCT pegmatites at its Centurion prospect just 600 meters to the southwest along the trend of the Enterprise 1 prospect.
About Lithium Australia
Lithium Australia aspires to ‘close the loop’ of the energy-metal cycle.
The company’s disruptive technologies are designed to provide the lithium battery industry with an ethical and sustainable supply solution.
Lithium Australia’s technology includes the SiLeach® and LieNA® lithium extraction processes, as well as superior production of cathode materials through VSPC Ltd and improved recycling techniques for battery materials.
The Australian Federal Government has recognized Lithium Australia’s progress with major research grants designed to advance the country’s advanced battery capabilities.