• Soil sampling has identified a large +4km strike lithium soil anomaly at the Lady Grey project
  • Anomaly at the new Godzilla prospect has an average grade of 150ppm Li2O with a peak of 454ppm Li2O
  • Lanthanein Resources to accelerate work programs to enable drilling in mid-2024

 

Special Report: Tenement-wide soil sampling at Lanthanein Resources’ Lady Grey project near Southern Cross, WA, has identified a large lithium soil anomaly with a strike length of +4km and assays peaking at 454ppm.

Lady Grey covers 77km2 of prospective tenure in the Forrestania greenstone belt and is immediately adjacent to Covalent Lithium’s 189Mt at 1.53% Li2O Earl Grey mine, one of the largest operating lithium mines in WA.

Notably for Lanthanein Resources (ASX:LNR), the project hosts a mapped continuation of the Earl Grey pegmatite.

The company had in December last year reached an agreement with Gondwana Resources to earn up to 70% in the project and has since carried out various exploration programs including the tenement-wide soil sampling to prove up its lithium pegmatite potential.

 

New lithium prospects Godzilla and Avenger. Pic: Lanthanein Resources

 

Anomaly could point to large lithium find

The high tenor lithium soil anomaly at the new Godzilla prospect was outlined by 527 samples returning an average grade of 150ppm Li2O.

Importantly, the potential lithium source granite at Godzilla has displayed a similar spatial relationship to Earl Grey.

Supporting the potential that lithium-caesium-tantalum type pegmatites are present, there is also a strong correlation between lithium and caesium anomalism.

“The discovery of such a large coherent lithium geochemical anomaly at the new Godzilla prospect leads us to believe that we may be in the early stages of a large lithium discovery,” technical director Brian Thomas said.

“The geological rationale points to lithium rich fluids migrating eastward into the ‘goldilocks’ zone ~2.5-3km east of the respective source granite dome. Our view is the northern granite is responsible for the hydrothermal lithium mineralising event that deposited Early Grey’s 189Mt mine, and we are seeing the geochemical fingerprints of another large lithium mineralising event associated with the southern granite.

“The southern granite located in middle western boundary of our tenement displays lithium anomalism extruding out all the way from the granite contact edge – east to our eastern tenement boundary and includes the sweet spot of 2.7km from source granite where our highest geochemical anomalism was recorded, like Earl Grey.”

 

Next steps

LNR will now accelerate work programs and approvals processes to enable drilling to begin in the middle of 2024.

 

 

This article was developed in collaboration with Lanthanein 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.

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