- Twenty Seven Co (TSC) identifies several new lithium and tin occurrences at its Trident Project in New South Wales
- The occurrences were found from historical geochemical data
- Now, the company is planning to further explore the area with geochemical sampling followed by a drilling program
- Lithium carbonate and spodumene prices are at a three year high, due to the large upsurge in electric vehicle sales
- TSC is 50 per cent up at 0.6 cents per share at 10:42 am AEST
Twenty Seven Co (TSC) has identified several new lithium and tin occurrences at its Trident Project in New South Wales.
Over the recent weeks, TSC’s technical team has been gathering historical geochemical data from the NSW MinView geological database, which has led to this new find.
These anomalies show the potential for lithium-caesium-tantalum (LCT) pegmatites.
Notably, minimal systematic exploration has been carried out within the tenement for LCT pegmatites or pathfinder elements.
A broad geochemical sampling program is currently being planned and will be initiated within the next few weeks ahead of planned drill testing of high-priority targets, which is expected to take place over the coming months.
CEO Simon Phillips said the geological team had been focused on collecting and interpreting all available historical data for Trident.
“This recent work follows up the encouraging historical lithium and tin occurrences already identified across a large portion of the Trident Project,” Mr Phillips said. “As a result, we will initiate a wide geochemical soil testing program with the aim of drill testing several of these priority targets over the coming months
“TSC is extremely encouraged by these latest results in what is a very buoyant lithium market and we are looking forward to getting our targeted work program underway in NSW.”
Lithium carbonate and spodumene prices are at a three year high, due to the large upsurge in electric vehicle sales and depleting stocks of the battery input material.
TSC is 50 per cent up at 0.6 cents per share at 10:42 am AEST.