New lithium targets to be tested by air-core drilling at Dome North as diamond drilling resumes

30-hole/2,320m air-core program to commence next week to test

newly identified targets close to existing deposits




HIGHLIGHTS


  • Air-core drilling will follow up on open or unexplained anomalism generated from the August 2021 drill programme at Dome North. This includes testing a 350m wide zone of lithium anomalism in lower saprolite between the Davy and Cade Deposits, as well as testing anomalism along strike to the north-east of the Heller Deposit that is geochemically similar to that at the northern ends of Davy and Cade.

  • New drilling contractor procured to complete the 13-hole diamond drilling programme that commenced last Quarter. Drill rig now on-site and on track to complete the programme by mid-February.

  • The diamond drill programme is targeting near-surface (oxide/transition) mineralisation at both the Cade and Davy deposits to obtain samples for bulk density measurements and for confirmatory metallurgical test work.

  • An environmental baseline survey over the Dome North area has been completed with the final report pending. No particularly sensitive flora or fauna were identified.

  • Capital expenditure and operating cost estimates for a nominally sized 1.6Mtpa concentrator plant have been received and will be utilised as part of the Scoping Study planned to commence by mid-year, pending assays from the current drill programmes and the results from further metallurgical test work.


“The more we learn about Dome North, the more excited we are about its future. While we advance the Dome North Resource in terms of testing its extent and improving its confidence level by in-fill drilling and further metallurgical test work, we are continuing with high-quality exploration in and around the Resource as well as across our entire 450km2 of Project tenure.”


Tim Spencer - Essential Metals Managing Director