Battery Metals: Playing a supporting role, Liontown’s Buldania emerges as a quality lithium project in its own right
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Market darling Liontown Resources (ASX:LTR) is spoilt for choice. The explorer just hit more +2 per cent high-grade lithium at the ‘second string’ Buldania project, near the world-class Bald Hill mine in WA.
Buldania is being advanced alongside Liontown’s flagship Kathleen Valley project, already Australia’s 5th largest hard rock lithium deposit (the company is currently drilling to make it even bigger).
Since drilling restarted at Buldania in May, Liontown has enjoyed a steady flow of high-grade lithium results at the main Anna prospect over a length of 1.4km and widths of between 150m and 250m.
The latest results include 5m at 2.2 per cent lithium, inside a larger 14m section grading 1.7 per cent.
Liontown says geological modelling is well advanced and data from holes completed at Anna will be used to prepare a maiden resource estimate for November.
But this mineralisation remains open along strike, down-dip and, in places, up-dip, the company says. That means there’s a lot more lithium to be found.
And don’t forget about the promising early hits at the northwest pegmatite target area — about 5-10km north-west of Anna — like 5m at 1.2 per cent lithium, 20m from surface.
“Buldania continues to emerge as an attractive asset in an excellent location which complements our flagship project at Kathleen Valley,” he says.
“We are also pleased with the positive initial results from preliminary metallurgical test work, although further drilling will be required to undertake a more comprehensive assessment of processing requirements.
“In the meantime, resource extension drilling is well underway at Kathleen Valley and we look forward to reporting further results in due course.”
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