Firetail’s data dive unveils new lithium targets at Yalgoo

Remote sensing data has shown lithium-bearing targets at Yalgoo
The same hyperspectral imaging tech will be used at Dalgaranga to find lithium targets
A drill campaign is planned for next year

Special Report: Several new priority targets have been identified at Firetail Resources’ Yalgoo project after a review of remote sensing data highlighted potential lithium-bearing pegmatites.

The Yalgoo and Dalgaranga projects in WA’s Mid West are surrounded by several gold operations, yet the region also emerging as a critical minerals district in its own right.

Neighbouring Krakatoa Resources (ASX:KTA) is proving up King Tamba as a sizeable rubidium-lithium project, while Aldoro Resources (ASX:ARN) is exploring for nickel at Area 32.

In June, Firetail Resources (ASX:FTL) successfully intersected lithium from drilling at its Johnson Well prospect at Yalgoo.

The 589m, 22-hole RC drill program hit LCT pegmatites with a best assay result of 3m @ 0.83% Li2O from 32m in JWRC-0005, including 1m @ 1.16% Li 2O from 34m.

Data reviews complete

After review of hyperspectral data additional lithium targets have been identified, with ground truthing consisting of rock chip sampling and mapping is planned.

The targets have been categorised in part according to the geological setting in relation to the typical geological setting and exploration work will target the Priority 1 and Priority 2 targets.

The aim is to identify a fresh set of lithium targets for FTL’s next drill campaign at Yalgoo, pegged for early next year.

Firetail Resources (ASX:FTL) — Priority targets from hyperspectral data reviews at the Yalgoo tenements. Pic supplied: (FTL)

FTL says it’s now going to conduct the same work over at Dalgaranga so it can identify target areas there.

Ground truthing, mapping and rock chip sampling of new targets will commence this week.

Further drilling at Johnson Well is planned for early 2024 to test the down-dip extension of this mineralisation, with drill holes planned to step-out to the northeast.

“We remain committed to progressing exploration across the Yalgoo and Dalgaranga projects, as we have growing confidence that this region and is primed for a significant discovery of critical minerals,” FTL Exec Chair Brett Grosvenor says.

“The previously under-explored Mid-West region of WA is undergoing a period of growing exploration activity.

“Industry peers have increased their focus in the region with critical minerals systems defined by Krakatoa and Aldoro at their neighbouring projects.

“Our systematic approach to exploration at Yalgoo and Dalgaranga has enabled FTL to effectively deploy funds with a targeted approach, with the potential to start a more significant drilling program in the first quarter of 2024 across this highly prospective tenure.”

This article was developed in collaboration with Firetail Resources, 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.