ENRG extends reach with grant of lithium project in Niger
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ENRG is spreading its wings with the acquisition of the Tarouadji 2 exploration permit in Niger’s largely underexplored Tarouadji area within the Agadez region that is prospective for lithium and tin.
The 499.7km2 project – located 70km east of the company’s flagship Agadez uranium project – covers historical lithium and tin anomalies in a geological setting that is known to be favourable for hosting lithium mineralisation.
Work is currently underway by ENRG Elements (ASX:EEL) to verify the historical sample results ahead of starting a staged exploration program.
“The Tarouadji Project offers a unique opportunity for the Company to acquire an area that is host to historic exploration activity that identified a strong lithium anomaly extending for over 2km within granitic host rocks that is adjacent to historic alluvial tin mining,” managing director Caroline Keats said.
“As our main operation at the Agadez uranium project is only 70km to the west, we are well placed logistically to manage the exploration and development of any potential lithium discovery.”
The company is currently raising up to $1.5m through a share purchase plan priced at 1.25c per share, with 1 for 2 free attaching options exercisable at $0.019 and expiring 18 months from the issue date, to advance ongoing exploration at its Agadez Uranium Project in Niger, as well as its Ghanzi West copper project in Botswana.
Tarouadji is located within a multiphase granitic setting in the 100,000km2 Air Massif – a group of granitic mountains rising sharply from the Sahara in central Niger – and was initially explored in early 1969 through surface sampling and geological mapping.
The region contains the world’s largest ring dykes, with the tenement mostly covering the “Tarouadji-Type” ring structure and hosting identified pegmatitic intrusions
ENRG notes that tin was commercially mined within the Air Massif from 1984 and 1991 and there is evidence of alluvial, eluvial and colluvial tin mining immediately south of the tenement.
Its planned exploration will test several targets for lithium and lithium pathfinder minerals including tin, caesium and tantalite.
First pass activities will target historical results and consist of geological mapping and surface sampling in conjunction with acquisition of high-resolution satellite imagery for field work planning and mapping.
This is aimed at verifying the historical data and developing broad based targets for further geochemical sample campaigns.
This article was developed in collaboration with ENRG Elements, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.