Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Essential Metals (ESS) reports high-grade, near-surface lithium from the Cade and Davy deposits at the Pioneer Dome project in Western Australia
  • The company undertook a diamond drilling program over the March quarter which aimed to increase its confidence in the lithium mineral resource estimate at the Dome North area
  • The Cade deposit in this area returned assays of up to 1.26 per cent lithium oxide from 3.6 metres, while the Davy deposit returned 31.95 metres at 1.24 per cent lithium oxide
  • Essential Metals’ next steps will involve selecting three composite samples to represent the upper zone of the two deposits for metallurgical test work
  • Essential Metals last traded at 48 cents on June 6

Essential Metals (ESS) has reported high-grade, near-surface lithium from the Cade and Davy deposits at the Pioneer Dome project in Western Australia.

The company undertook a diamond drilling program over the March quarter designed to increase its confidence in the lithium mineral resource estimate of the Dome North area and determine the lithium recoverability of Cade and Davy.

The work schedule saw six holes drilled into the first 40 metres from the surface of the Cade deposit, along with a further seven holes drilled into the Davy Deposit, totalling 909 metres.

The Cade deposit returned assays including 23.7 metres at 1.26 per cent lithium oxide from 3.6 metres and 19.2 metres at 1.44 per cent lithium oxide from 15 metres.

Meanwhile, at the Davy deposit, the company received assay results including 31.95 metres at 1.24 per cent lithium oxide from 45.4 metres.

Essential Metals Managing Director Tim Spencer said the company is confident the near-surface, up-plunge zones contain lithium-bearing spodumene.

“Metallurgical test work is the next important step to confirm that the recoverability of lithium from this near-surface material is similar to the previous successful recoveries obtained from the Cade deposit, further enhancing the potential economics of the Dome North lithium resource,” Tim Spencer said.

Essential Metals said its next steps would involve selecting three composite samples to represent the upper zone of the two deposits, plus the fresh rock zone of the Davy deposit for metallurgical test work.

The test work is expected to be complete by early September.

Essential Metals last traded at 48 cents on June 6.  

ESS by the numbers
More From The Market Herald
Cavalier Resources (ASX:CVR) - Executive Chairman, Ranko Matic

" Cavalier Resources (ASX:CVR) begins PFS at Crawford

Cavalier Resources (ASX:CVR) has begun a pre-feasibility study (PFS) at the Crawford Gold Project within the…
The Market Herald Video

" Emerald Resources (ASX:EMR) reports “exceptional” drill results from Neptune, WA

Emerald Resources (ASX:EMR) has reported “exceptional” drill results from the Neptune gold prospect in Western Australia.
The Market Herald Video

" Atomos (ASX:AMS) reports record FY22 sales following strong Q4

Atomos (ASX:AMS) Q4 results boost FY22 unaudited revenue to in excess of $82 million.
The Market Herald Video

" iTech Minerals (ASX:ITM) progresses testwork for PSG production at Campoona

iTech Minerals (ASX:ITM) has produced a 42-kilogram bulk sample of total graphitic carbon (TGC) concentrate from…