Junior explorer Tambourah Metals (ASX:TMB) has completed initial sampling and is now moving on to pegmatite sampling and mapping over the Shaw River Project area in Western Australia.
Sampling and mapping is underway across several locations with outcropping pegmatites and a proposed drilling program planned to follow.
The $16.58 million market capitalisation company says an extended review of the tailings dump will include sampling for potential lithium, tin, and tantalum will be included in a separate program.
The initial sampling of 18 rock chips at Shaw River completed had revealed the sampled pegmatites and dumps produced elevated tin, alongside rock chips confirming pegmatites with up to 180 parts per million (ppm) of lithium.
Tambourah notes it has all approvals in place to go ahead with the drilling program, and plans to begin testing the dumps for potential economic recovery of tin/tantalum.
The Shaw River Project is located 180km southeast of Port Hedland and 20km due east of the Tambourah Gold and Lithium Project.
Tambourah Metals is a gold and critical minerals explorer. The company’s core focus is its flagship Tambourah Gold and Lithium Project in the Pilbara.
As of 30 June 2023, the company had $2.563 million cash and cash equivalents at hand, according to its latest quarterly report. Post quarter the company announced a placement to raise $2.5 million.
Write to Aaliyah Rogan at Mining.com.au
Images: Tambourah Metals