Join our daily newsletter At The Bell to receive exclusive market insights
- Askari Metals (AS2) identifies multiple significant lithium targets at its Myrnas Hill lithium project in the Pilbara region of Western Australia
- The new targets were discovered following the completion of a hyperspectral remote sensing survey
- The company says the survey generated target maps for minerals related to LCT pegmatites and compared them to known lithium-tin-tantalum occurrences in the region
- Askari notes these targets will be the focus of ground-based field exploration programs, due to commence as soon as possible
- Shares are trading flat at 27.5 cents each at 2:08 pm AEST
Askari Metals (AS2) has identified multiple significant lithium targets at its Myrnas Hill lithium project in the Pilbara region of Western Australia.
The new targets were discovered following the completion of a hyperspectral remote sensing survey.
The company said the survey generated target maps for minerals related to LCT pegmatites and compared them to known lithium-tin-tantalum occurrences in the region as an indicator for potential lithium mineralisation.
Askari noted these targets will be the focus of ground-based field exploration programs, due to commence as soon as possible.
Vice President of Exploration and Geology Johan Lambrechts said the project is a recent acquisition for the company as it seeks to strengthen its footprint in the eastern Pilbara.
“The targets generated from the hyperspectral survey are highly encouraging and coincide with several light-coloured dyke-like features identified using satellite imagery,” he said.
“The tenure also boasts some exciting gold intercepts from historical drilling, which warrant further follow-up.”
Shares were trading flat at 27.5 cents each at 2:08 pm AEST.
