Diversified minerals explorer ENRG Elements (ASX:EEL) has been granted the Tarouadji exploration permit in the largely underexplored Tarouadji area, located in the Agadez region of Niger.
The company today (13 July 2023) also reminded eligible shareholders that the opportunity to participate in its share purchase plan closes on 19 July 2023. ENRG is intending to raise up to $1.5 million under the SPP.
The Tarouadji Project is prospective for lithium and tin, within a multiphase granitic setting in the Air Massif. The project represents a strategic increase in the company’s landholding position in Niger, situated 70km east of the ENRG Elements’ Agadez Uranium Project and covers an area of 499.7km-square.
Speaking to Mining.com.au, ENRG Managing Director Caroline Keats says: “It’s been so amazing to be able to secure this lithium exploration tenement in a really exciting jurisdiction in an underexplored region.
I think we’re one of the first, if not the only listed company in Niger to hold a lithium tenement. I imagine there’s going to be a lot more going forward, but we’re really grateful to have been able to secure one of first lithium permits that are available.”
The Tarouadji Project was initially explored in early 1969 through surface sampling and geological mapping. The region contains the world’s largest ring dykes, with the tenement mostly covering the ‘Tarouadji-Type’ ring structure and hosting identified pegmatitic intrusions.
ENRG Elements, which has an $11.1 million market capitalisation, is currently undertaking a verification of the historic sample results which identified lithium and tin anomalies and will report them in accordance with JORC Code 2012 in due course.
The company aims to commence an exploration program at the Tarouadji Project using a staged approach, signifying its dedication to unlocking new resources and advancing its position as an explorer of uranium, lithium, and copper for a carbon-neutral and electric future.
Tin was commercially mined within the Air Massif from 1984 and 1991 and there is evidence of alluvial, eluvial and colluvial tin mining immediately south of the tenement. Tin from pegmatite-hosted veins and stock works within the greisenised granites has also been identified in the literature.
The exploration program encompasses several targets, which are being investigated for lithium and lithium pathfinder minerals including tin, caesium, and tantalite. First pass activities will target the historic results and will include geological mapping, surface sampling (rock chip, soil, and stream) in conjunction with acquisition of high-resolution satellite imagery for field work planning and mapping.
ENRG says the objective of this work will be to verify the historic data and develop broad based targets for further geochemical sample campaigns. Work will be results driven to advance identified areas of interest as efficiently as possible.
Write to Adam Orlando at Mining.com.au
Images: ENRG Elements Ltd
