Metals Aust Li project WA

Metals Australia finds ‘exceptional’ lithium intersections at Foundation Pegmatite, WA

Metals Australia (ASX:MLS) reports additional intersections of ‘thick, high-grade’ lithium-rubidium mineralisation following reverse circulation (RC) and diamond drilling (DD) at the Foundation Pegmatite target, as part of its Manindi Project in Western Australia.

The results, generated by the final drill holes of a 3,500m RC drilling program and one DD drillhole, have returned consistent ‘high-grade’ lithium-rubidium assays above 1% Li2O and 0.3% Rb beneath the ‘higher grade’ section of the Foundation Pegmatite.

The ‘significant’ results include:

  • Hole MNRC076: 13m @ 1.03% Li2O, 0.27% Rb from 62m (downhole), incl. 8m @ 1.40% Li2O, 0.31% Rb from 64m
  • Hole MNRC045: 11m @ 1.23% Li2O, 0.31% Rb from 16m (downhole), incl. 5m @ 1.47% Li2O, 0.30% Rb from 16m, and 2m @ 1.75% Li2O, 0.64% Rb from 25m
  • Hole MNRC044: 11m @ 1.11% Li2O, 0.42% Rb from 11m (downhole), incl. 6m @ 1.47% Li2O, 0.54% Rb from 13m

Diamond drillhole 22MNDD001 was conducted beneath drillhole MNRC076 and has intersected a 27m pegmatite zone from 109m, including a 10m footwall zone from 148m that is host to lithium bearing minerals throughout.

Speaking on the results, Metals Australia Chairman Mike Scivolo said: “The latest drilling results from the Manindi pegmatites are very encouraging. We have extended the high-grade lithium-rubidium bearing Foundation Pegmatite with diamond drilling to over 120m below surface and it looks to be increasing in thickness with depth.

“The latest drilling results from the Manindi pegmatites are very encouraging”

In addition, we have now intersected significant lithium-rubidium mineralisation at a shallow depth at the Bandicoot pegmatite, extending the corridor of significant lithium-rubidium intersections to over 2km

The Manindi Lithium Project continues to grow in scope and we now have the opportunity to carry out mineralogy and metallurgical test work prior to further drilling and maiden mineral resource estimation.”

The company also notes that these ‘exceptional’ intersections of lithium bearing pegmatites have successfully extended the lithium mineralisation to over 120m in vertical depth and also indicate the presence of multiple pegmatite zones of greater thicknesses below the present level of drilling coverage.

In addition, further results were also produced from the Bandicoot Pegmatite, located about 1.5km southeast of the Foundation Pegmatite, and have extended the zone of lithium mineralisation over 2km within a greater 3km corridor of pegmatite occurrences.

The Manindi Project is located about 20km southwest of the Youanmi Gold Mine within the ‘highly prospective’ Murchison District of Western Australia and yields potential to host new copper and nickel mineralisation in conjunction with the existing zinc-copper resources.

The project currently boasts a 2012 JORC-compliant Mineral Resource Estimate (MRE) of 1.08Mt @ 6.52% Zn, 0.26% Cu and 3.19g/t Ag reported at a 2% Zn cut-off.

With final assays returned from the RC drilling program, Metals Australia announces that it will move forward with further metallurgical test work on the drill core with the goal of establishing a ‘significant’ lithium-rubidium (tantalum) JORC 2012 Mineral Resource at the Manindi Project.

Images: Metals Australia Ltd
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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.