Join our daily newsletter At The Bell to receive exclusive market insights
- Australasian Metals (A8G) continues its partnership with CSIRO through to the second phase of the Kick-Start research program with a $50,000 co-funding grant
- The funding is to research “lithium exploration in the Mt Peake and Barrow Creek Pegmatite Field”, in the Northern Territory
- Together with CSIRO, the company will continue to further narrow down the search for lithium-(tantalum-tin) bearing pegmatites
- Shares in Australasian Metals end the day up 41.2 per cent to close at 24 cents
Australasian Metals (A8G) has continued its partnership with CSIRO through to the second phase of the Kick-Start research program with a $50,000 co-funding grant.
The funding is to research “lithium exploration in the Mt Peake and Barrow Creek Pegmatite Field”, in the prospective Northern Arunta pegmatite province, Northern Territory.
Managing Director Dr Qingtao Zeng said the company has “greatly benefitted” from CSIRO’s technical excellence by identifying more and better-defined targets through remote-sensing and hyper-spectrum interpretation.
“By combining our fieldwork with the guidance from CSIRO, the Company has been able to pinpoint hot spots with over one per cent Li2O in rock chip samples, and numerous areas of lithium and tantalum anomalism within our granted Mt Peake license.
“The phase two program allows us to further test the working hypothesis, which may potentially unlock the puzzle in this region of how to target world-class lithium deposits in this prospective pegmatite district.”
Together with CSIRO, the company will continue to further narrow down the search for lithium-(tantalum-tin) bearing pegmatites.
The parties are especially interested in better understanding the occurrence of mafic rocks hosting LCT-pegmatites and possible genetic relationships between the maficity of the igneous country rocks and the Licontent and/or Li-host minerals.
The CSIRO Kick-Start program helps Australian start-ups and small and medium-sized
enterprises (SMEs) access to dollar-matched funding to undertake research and development activities with CSIRO.
It is a targeted program, which forms part of CSIRO’s strategic commitment to deepen our direct support for Australian technology start-ups and SMEs in areas of national growth priorities.
Shares in Australasian Metals have ended the day up 41.2 per cent to close at 24 cents.
