Stelar maps out more drilling for Trident

Stelar Metals (ASX:SLB) is planning additional drilling programs for early 2024 at the Trident Lithium Project in New South Wales, once assay results have been received from the latest program. 

The $22 million market capitalisation company completed an inaugural reverse circulation (RC) drilling program which comprised 2,630m of drilling. 

Drilling aimed to meet the objectives of understanding the morphology and orientation of the lithium-caesium-tantalum (LCT) pegmatites and confirm the grade distribution and mineralogy of lithium mineralisation beneath the historical mine workings. 

Stelar Metals Chief Executive Officer (CEO) Colin Skidmore says the company is confident that the aim of drilling was achieved and is looking forward to receiving the assays in early January 2024.  

The company notes zoned and altered LCT pegmatites were intersected at all of the prospects, namely the Trident, Sceptre, Lady Don, Triumph, Gloria, and Stag prospects.

More than 1,000 samples of pegmatite intersections as well as shoulders of hornfels schist are being sent to Intertek Laboratory in Adelaide, for the first round of multi-element analysis. 

Stelar Metals is a lithium explorer and developer focused on discovering critical minerals. The Trident Lithium Project sits in Broken Hill, New South Wales and covers a 260km-square area. 

As of 30 September 2023, the company had $5.452 million cash at hand, according to its latest quarterly report.

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Images: Stelar Metals
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.