Australian Critical Minerals (ASX:ACM) has wrapped up its phase one sampling program at the Cooletha Project and a definition shallow auger program at the Rankin Dome Project in Western Australia.
To date, the $15 million market capitalisation company has identified 3 areas as priority for future work areas, namely the Bloodwood, Echo Valley, Burnt Ridge, and Billy Creek areas.
Mapping and sampling have also amassed 251 rock chip samples which have been delivered to Labwest for analysis.
Australian Critical is planning a reverse circulation (RC) drill program to test the new and potentially ‘substantial’ target, that was observed through pegmatite sills at the Billy Creek dip.
Pegmatite sills identified have an extent of up to 40m wide and 400m long.
Meanwhile at Rankin Dome, 249 holes were completed as part of the shallow auger sampling program. Samples have been submitted to the laboratory with results yet to be received.
The company is currently undertaking a 900m RC drilling program to test areas of rare earth elements (REE) anomalism in soils.
Commenting on the ongoing activities, Australian Critical Minerals Managing Director Dean de Largie says: “Our field investigations have increased the potential area of prospectivity for lithium pegmatites, identified 4 prospects described as having large pavements of pegmatites and identified shale-hosted manganese.
Whilst lithium exploration will remain our priority, the addition of manganese to our portfolio of green energy commodities will be received well by our shareholders. As foreshadowed previously, Rankin Dome has progressed further with additional shallow auger sampling completed and RC drilling currently in progress.”
The company’s flagship Cooletha Lithium Project has over 100km-square of lithium prospectivity with outcropping pegmatite swarms in the Pilbara lithium district.
Australian Critical Minerals is an ASX-listed exploration company, focused on developing a quality portfolio of critical minerals projects in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Australian Critical Minerals
