Australian Critical Minerals (ASX:ACM) has confirmed spodumene mineralisation through its recent maiden drilling program at the Cooletha Lithium Project in Western Australia.
The $8.5 million market capitalisation company says ‘encouraging’ mineralisation has been uncovered, with visible spodumene sites discovered on E45/4990 and manganese mineralisation identified on E45/5228.
A reconnaissance program has covered about 15% of the pegmatite-prospective region so far, and the company adds mapping and sampling is continuing.
Commenting on the exploration activities, Australian Critical Minerals Managing Director Dean de Largie says: “We are very encouraged by the visible spodumene identified during this program, and whilst we wait for the results of the first batch of rock samples within 6-8 weeks, reconnaissance sampling will continue.
“Having only covered 15% of the prospective pegmatite region so far, we are excited about the potential for exploration success“
Having only covered 15% of the prospective pegmatite region so far, we are excited about the potential for exploration success.
We are also eagerly anticipating the commencement of our first drilling program at Rankin Dome, which will target anomalous rare earth prospects. Final approvals and landowner access to allow this program to begin are imminent.”
Australian Critical is planning drilling programs comprising reverse circulation (RC), aircore, and auger drilling targeting several rare earth element (REE) anomalous areas within the large Rankin Dome Project area.
The Cooletha Project has over 100km-square of lithium prospectivity with outcropping pegmatite swarms in the Pilbara lithium district.
Australian Critical Minerals is an ASX-listed mineral exploration company focused on developing a quality portfolio of critical minerals projects in Western Australia. The company’s portfolio of assets includes the Cooletha and Rankin Dome projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Australian Critical Minerals