Juno laying foundations for further Mt Ida exploration

Juno Minerals (ASX:JNO) has begun informing the next phase on the Mt Ida Lithium prospect in Western Australia after posting final assays from a phase two priority one drilling program completed in December 2023. 

The $12.91 million market capitalisation company says phase two drilling was designed to test 2 ‘significant’ north and south well-defined lithium-caesium-rubidium-beryllium soils anomalies. 

A total of 30 reverse circulation (RC) holes were completed for 3,286m, with 1,609 RC samples submitted for assay covering the pegmatite intercepts. 

From the assay data posted, low levels of lithium, tantalum, and tin were recorded, with no ‘significant’ intersections of lithium encountered. 

The lithium-caesium-tantalum (LCT) pathfinder elements that form the prospectivity index are currently being modelled to inform the next exploration phase at the prospect to decide whether deeper drilling and expanded drill positions are warranted. 

This next phase of exploration will be funded from the remaining budget of the initial phase two program. 

Juno Minerals is the sole owner of 2 iron ore projects in the Yilgarn region of Western Australia named the Mount Mason Hematite Project and the Mount Ida Magnetite Project, respectively.  

As of December 2023, the company had $3.507 million cash and cash equivalents at hand, according to its latest quarterly report. 

Write to Adam Drought at Mining.com.au

Images: Juno Minerals
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.