Strategic lithium asset being prepared for the transition to development, with a new phase of exploration also planned
HIGHLIGHTS
Initial steps are being taken to transition the Dome North Resource area to a ‘development ready’ status. These steps include:
o An application for a Mining Lease over the Dome North Mineral Resource;
o a capital and operating cost study for two process plant scenarios;
o a flora and fauna study; and
o a hydrology study.
Two drilling programmes are also being planned for the December Quarter with the following objectives:
o Dome North: Shallow diamond core drilling into the upper zones of the
Cade and Davy Deposits to upgrade them from Inferred to Indicated
categories and provide samples for metallurgical test work; and\
o South Dome: Air-core drilling to test various targets in the southern area
of the Pioneer Dome Project.
Assay results from the recent Dome North drill programme are now expected in the first half of October. While this drilling does not appear to have identified a new, large lithium-mineralised pegmatite, the results will be important for further targeting of pegmatites in and around the Dome North Resource, which is still very much under-explored.