Commencement of drilling to test for new lithium-bearing pegmatites near Dome North Lithium Deposit

5,000m air-core/hammer drilling programme commencing this

week



HIGHLIGHTS


  • The 5,000m drill programme will explore for further spodumene-bearing pegmatites at Dome North, with the aim of expanding the existing 11Mt Mineral Resource base to a sufficient size to support a robust, standalone mining operation.

  • Drilling will focus on testing for extensions of identified pegmatites and structural targets in the Dome North area as well as following up geochemical anomalism identified by earlier programmes.

  • The programme will comprise of 74 holes to test six targets, with the main focus being the northern extent of the Davy and Heller deposits. It will also test two previously undrilled targets known as DN6 and DN21 located 2km to the southwest of Heller.

  • Drill spacing has been planned to test for moderate to large-scale pegmatite bodies that would have the potential to significantly add to the existing spodumene Mineral Resource.

Essential Metals Managing Director, Tim Spencer, said:


“This drill programme is based on a new interpretation of the basement geology in the Dome North area which shows strong potential for LCT pegmatites in previously untested areas.”


“The existing Mineral Resource of 11.2Mt @ 1.21% lithium (Li2O) at Dome North currently centres on three NNE-SSW striking, outcropping pegmatites which are spaced at approximately one-kilometre intervals. This next phase of drilling will test a number of highly promising locations between and along strike of these pegmatites.”