Rock chip sampling at Kula’s Marvel Loch-Airfield project in Western Australia has opened up a new area of interest that is prospective for lithium mineralisation.

The sampling in E77/2806 returned up to 59.8 parts per million lithium and 55.5ppm tantalum along a magnetic structure stretching up to 4km long.

While exploration is still in its early days, the prospect of finding lithium just 90km north of the hard rock Mt Holland lithium mine has Kula Gold (ASX:KGD) scheduling a follow-up field mapping and rock chip program for the next quarter.

“This new target in the Marvel Loch-Airfield Project with a LCT suite mineralisation focus, opens up a whole new area of interest for the company,” chief executive officer Ric Dawson said.

A whole cast of commodities

While Marvel Loch-Airfield was initially explored for gold, subsequent work uncovered a kaolin deposit with a maiden resource of 93.3Mt of kaolinised granite.

Commercialisation studies are progressing with the focus on showing more opportunities for bulk volume of metakaolin production.

With the inclusion of lithium into the mix, the company now has no shortage of opportunities to follow-up on at the project.

 

 

 

This article was developed in collaboration with Kula Gold (ASX:KGD), 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.

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