Metals Australia Ltd
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How Did Metals Australia Discover Lithium Targets at Warrambie?
Metals Australia's Geophysical Surveys Reveal Promising Lithium Targets at Warrambie
Metals Australia Limited (ASX: MLS), a prominent player in the battery minerals and metals sector, has recently announced the identification of several high-potential lithium drilling targets at its Warrambie project in Western Australia. These findings, emerging from detailed geophysical surveys, mark a significant step in the company's pursuit of lithium, a crucial element for the burgeoning electric vehicle and battery market.
Discovery of Andover Look-Alike Lithium Targets
Utilizing advanced geophysical techniques, Metals Australia has successfully generated a series of Andover look-alike targets from initial detailed gravity surveying and re-processing of magnetics at its Warrambie project. Located just 10km east of the world-class Andover lithium project, Warrambie is poised to be a key player in the region's lithium exploration landscape.
Potential Lithium-Bearing Pegmatite Intrusions
The ongoing detailed gravity and passive seismic survey programs at Warrambie have revealed three key gravity lows within a high-density mafic package. These gravity lows are indicative of potentially lithium-bearing pegmatite intrusions, mirroring the geological setting found at the nearby Andover discovery.
Exploration in High-Potential Areas: Targeting Un-Tested Soil-Covered Areas
The new targets identified are located in previously un-tested areas covered by soil and are deemed highly prospective not only for lithium but also for gold.
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These targets are associated with structures intersecting mafic rocks, adding to the prospectivity of the region.
Approval Sought for Initial Drilling Program
Metals Australia is currently seeking Program of Work (PoW) approval for initiating a drilling program. This program aims to test these new priority lithium and gold targets, marking the commencement of a potentially significant exploration campaign.
Warrambie Project Overview: Geological Terrane and Prospective Elements
Covering a 126km² area, the Warrambie project is entirely soil-covered with no previous drilling testing its highly prospective geology. The geological setting, akin to that of Andover, is considered prospective not only for lithium but also for gold, nickel, copper, and cobalt.
Anticipated Aircore Drilling Programs
Upon completion of the detailed geophysical programs, Metals Australia plans to commence aircore drilling programs across key bedrock lithium-pegmatite targets and gold targets under shallow cover. Significant anomalies identified in these aircore drilling samples will be followed up with deeper reverse-circulation (RC) and/or diamond drilling.
Strategic Focus on Battery Minerals and Metals
Metals Australia Ltd is dedicated to advancing a quality portfolio of battery minerals and metals projects, both in Western Australia and Quebec, Canada. The company's development focus includes the flagship Lac Rainy high-grade flake-graphite project in Quebec, along with its lithium exploration projects at Corvette River in Quebec and the Warrambie project in Western Australia.
Advanced Projects and Resource Estimates
The company's Manindi battery minerals and metals project in Western Australia has shown promising metallurgical testwork results. Metals Australia also boasts a high-grade zinc Mineral Resource and a new vanadium-titanium discovery at Manindi. Additionally, the aggressive exploration program at Warrambie, just east of the Andover lithium discovery, underscores the company's commitment to tapping into the lucrative lithium market.
The identification of Andover look-alike lithium drilling targets at Warrambie by Metals Australia represents a significant advancement in the company's exploration capabilities. With the prospective geology mirroring that of the neighboring Andover lithium project, Metals Australia is strategically positioned to potentially uncover substantial lithium and gold resources, further cementing its role in the global battery minerals and metals industry.
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