Total
0
Shares
Source: Breaker Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Breaker Resources (BRB) is about to begin a drilling program at the Manna lithium discovery in Western Australia
  • Manna is located 15 kilometres south of Breaker’s 1.4 million ounce Lake Roe Gold Project
  • The 2000-metre drilling program aims to expand spodumene mineralisation at the Manna discovery after identifying lithium-bearing pegmatites in 2018
  • Company shares are up 7.69 per cent at 21 cents at 1:56 pm AEST

Breaker Resources (BRB) has announced it will soon begin a drilling program at the Manna lithium discovery near Kalgoorlie, Western Australia.

The 2000-metre reverse circulation (RC) program aims to expand spodumene
mineralisation at Manna, which is located 15 kilometres south of Breaker’s 1.4 million ounce Lake Roe Gold Project.

In 2018, Breaker discovered the outcropping lithium-bearing pegmatite while conducting reconnaissance gold exploration work.

Of the nine holes drilled below the main outcrop, every hole returned multiple intercepts including up to 17 metres at 1.8 per cent lithium dioxide.

Follow up mapping confirmed the presence of multiple spodumene-rich pegmatites over a 750-metre by 130-metre area, with individual pegmatite dykes up to 18 metres wide.

According to the company, in the main area of outcrop the stacked nature of the pegmatites dykes over a wide zone with little weathering is favourable for open pit mining.

Preliminary metallurgical testwork also indicates there is potential to produce a high-grade, low impurity spodumene concentrate using heavy liquid separation.

Breaker Resources Chairman Tom Sanders commented on the area’s potential.

“Breaker has already established that Manna is a significant discovery, with mineralisation outlined over a large area and assays demonstrating high grades by the standards of most well-known Australian lithium deposits,” Mr Sanders said.

“Based on recent geological mapping, geochemistry and structural studies, we have identified several areas with the potential to host significant additional spodumene mineralisation. Drilling will test these areas and will aim to confirm the geometry of known mineralisation in other areas, ahead of resource drilling.”

Looking ahead, Breaker is planning to complete an updated mineral resource for the Lake Roe Gold Project either in the December or March 2022 quarter.

Company shares were up 7.69 per cent to trade at 21 cents at 1:56 pm AEST.

BRB by the numbers
More From The Market Herald

" Horseshoe Metals (ASX:HOR) completes ASX requirements for potential relisting

Horseshoe Metals (HOR) has completed the activity requirements for the ASX to consider lifting its suspension from trading.
Renascor Resources (ASX:RNU) - Managing Director, David Christensen

" Renascor Resources (ASX:RNU) reports higher yields for Siviour Project

Renascor Resources (RNU) has reported higher yields and higher prices for its purified spherical graphite.

" Manhattan Corporation (ASX:MHC) extends term at uranium project

Manhattan Corporation (MHC) has announced the extension of term for its fully owned exploration license covering its Ponton Uranium Project.

" Black Dragon Gold (ASX:BDG) completes first tranche of placement

Black Dragon Gold (BDG) has raised $1.85 million under the first tranche of its recently announced $2.4 million placement.