NickelSearch (ASX:NIS) is planning its first lithium-focused drilling program at its Carlingup Project in Western Australia, upon identifying additional priority lithium targets north of the Quarry.
The $9.60 million market capitalisation company will test the lithium-caesium-tantalum (LCT) anomalies at the Quarry and the anomalies to the west, south, and north of the project.
Drilling will also test for lithium mineralisation with the defined LCT pegmatite system.
NickelSearch says the areas proposed for drill testing are within private land. As such, the company entered under a 30-day permit issued by a Western Australia Mining Warden.
Negotiations are currently ongoing with the landowner and land occupier to facilitate drilling.
An infill soil sampling program was conducted over ‘high priority’ areas within Carlingup, with results identifying 3 LCT anomalies that measure between 350m by 250m and 150m by 100m.
Managing Director Nicole Duncan says exploration is continuing to produce encouraging indicators of a LCT pegmatite system within a ‘large’ footprint.
“It is very encouraging to see these results, with pegmatites in the region generally having relatively weak surface expressions and better grades in the fresh parts of the system below.”
The company is awaiting assays for further extension sapling to the east of the Quarry, as well as results from rock chip and soil samples taken during regional lithium exploration work.
More regional lithium exploration is continuing, with additional work programs across 28 areas of interest identified to date within Calringup.
The Carlingup project covers a 108km-square area and lies within the Ravensthorpe Greenstone Belt in Western Australia.
NickelSearch is a nickel sulphide and lithium explorer focused on advancing its flagship Carlingup project.
As of 31 December 2023, the company had $3.510 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: NickelSearch
