Source: Calidus Resources
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  • Calidus Resources (CAI) doubles the length of the lithium pegmatite at Spear Hill, in WA’s Pilbara, to 2.5 kilometres
  • The company has recorded “outstanding results” from its rock-chip sampling and mapping at the project
  • The second batch of rock chips confirm lithium grades of up to 2.75 per cent of lithium oxide
  • From these results, Calidus is planning a maiden drilling program, and has lodged an application for program of works
  • Calidus Resources last traded at 84 cents on May 10

Calidus Resources (CAI) has doubled the length of the lithium pegmatite at Spear Hill, in WA’s Pilbara, to 2.5 kilometres.

The company has recorded “outstanding results” from its rock-chip sampling and mapping at the project.

Calidus has received a further 70 rock-chip samples and confirmed that the main pegmatite is lithium-bearing.

The second batch of rock chips confirm lithium grades of up to 2.75 per cent of lithium oxide and results from a second parallel pegmatite returned up to 1.67 per cent lithium oxide.

From these results, Calidus is planning a maiden drilling program, and has lodged an application for program of works. A heritage survey is now underway for an area covering the mapped pegmatite and surroundings.

“These strong assays show clearly that we have a significant lithium pegmatite with high grades,” Managing Director Dave Reeves said.

“There is immense prospectivity across the large tenement package and rights owned
by Pirra Lithium. Our exploration to date has only scratched the surface of a small part
of the tenure”

Field mapping is continuing around Spear Hill to further identify lithium pegmatites and associated metasomatism.

Calidus Resources last traded at 84 cents on May 10.

CAI by the numbers
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