Delta Lithium Limited
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What Does the Delta Lithium's Mineral Resource Estimate for Yinnetharra Lithium Project Indicate?
Delta Lithium's Yinnetharra Lithium Project: A Comprehensive Overview
Delta Lithium Limited, a prominent player in the lithium mining sector, has announced a significant advancement in its Yinnetharra Lithium Project. The company reports a maiden Mineral Resource Estimate (MRE) for the project located in the Gascoyne region of Western Australia, marking a pivotal development since its acquisition in late 2022.
Key Highlights of the Maiden MRE
The MRE for the Yinnetharra Lithium Project includes both Inferred and Indicated Mineral Resources, totaling 25. 7 million tonnes at 1. 0% Li2O, with a 0. 5% Li2O cutoff. A significant portion, approximately 26% (6.
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7 million tonnes at 1. 0% Li2O), is classified in the higher-confidence Indicated category. This maiden MRE is particularly noteworthy considering it was achieved in just over 12 months from the project's acquisition.
Yinnetharra's Potential and Project Developments
The Malinda prospect, where the MRE is reported, represents only one of many prospects with confirmed Lithium-Cesium-Tantalum (LCT) mineralization within the Yinnetharra Project. The project's vast potential is underscored by numerous mineralized LCT prospects yet to be explored over its extensive area. The Yinnetharra Project's rapid progress sets the stage for subsequent development activities and mining operations.
Upcoming Activities and Exploration Plans
Delta Lithium has initiated permitting activities and environmental studies at Yinnetharra. The company has also secured the Jamesons Tenement (E09/2621), with plans to conduct heritage surveys and follow-up drilling programs on mineralized pegmatite outcrops. An enhanced drilling program at Yinnetharra is scheduled to commence in January 2024.
Integrated Approach to Resource Estimation
The independent MRE was prepared by Snowden Optiro and is based on extensive drilling data, including 498 holes totaling 115,317 meters. Lithium mineralization at the Malinda Prospect is primarily spodumene-hosted within multiple pegmatite dykes, following folded stratigraphy and exhibiting sheet-like morphology.
Delta Lithium's Strategic Vision and Shareholder Value
Managing Director James Croser emphasizes the rapid development and potential of the Yinnetharra Lithium Project as a foundation for future mining operations and studies. Delta Lithium aims to build upon this MRE to explore further the project's potential, with a focus on delivering outstanding value to shareholders.
The Yinnetharra Lithium Project represents a significant step forward for Delta Lithium in its quest to establish a major lithium mining operation. The rapid progress, strategic exploration, and successful resource estimation highlight Delta's commitment to advancing lithium mining technologies and contributing to the burgeoning lithium market, essential for modern technology and renewable energy sectors.
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