LITHIUM PROJECT – JV POTENTIAL
PANORAMA, TAMBOURAH AND NOREENA DOWNS
- The Panorama tenements straddle the southern end of the North Pole Dome, northern ends of the North Shaw and Soanesville Belts
- The main exploration targets at Panorama are Precambrian placer gold deposits. These deposits have the potential to contain lithium bearing pegmatites
- Lithium mineralisation in pegmatites previously rock chip sampled and assayed by the company in 2017 in the northern part of the South Tambourah project (E45/4848), returned anomalous Lithium geochemistry up to 1.47% Li2O, 267ppm Cs, 398ppm Be, 120ppm Cs, 0.404% Rb and 514ppm Ta.
- A successful helicopter assisted reconnaissance program was recently completed in April 2022, which identified multiple pegmatite dykes hosting Lithium minerals spodumene and lepidolite, within the southern part of the South Tambourah Project.
- Rock chip assays of these newly discovered pegmatites confirm Lithium mineralisation, with up to 2700ppm Li (equivalent to. 0.58% Li20), 122ppm Be, 120ppm Cs, 0.21% Rb and 110ppm Ta.
- A large pegmatite extending over 300m has been located at Noreena Downs.
- The areas occupy ideal geological settings for the pegmatite outcrops to be located and are within 10km of fertile monzogranites considered to be a source of LCT pegmatites. This area may be the target of further exploration activity for lithium
What are lithium minerals?
Lithium is an element valuable for the production of glass, aluminum products, and batteries. It is mined from ores of petalite, lepidolite, spodumene and also subsurface brines. Australia and Chile are the world’s largest producers of lithium.
Where is lithium found?
Where is lithium available from? With 8 million tons, Chile has the world’s largest known lithium reserves. This puts the South American country ahead of Australia (2.7 million tons), Argentina (2 million tons) and China (1 million tons). Within Europe, Portugal has smaller quantities of the valuable raw material.
What is lithium mineral used for?
The most important use of lithium is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non-rechargeable batteries for things like heart pacemakers, toys and clocks.
What country has the most Lithium?
Chile has the largest lithium reserves worldwide. Australia comes in second with reserves estimated at 5.7 million metric tonnes (2021).
Australia was the top country in terms of lithium mine production in 2021 with an output of 55 thousand metric tonnes of lithium*.
Lithium supply is expected to expand by 300% between 2021 ad 2030^.