NickelSearch is finalising plans for its first lithium-focused drill program at Carlingup. Pic via Getty Images
Mining
Special Report: NickelSearch has signed land access agreements with a private landholder and two occupiers, paving the way for the first drill program to test LCT anomalies at Carlingup.
Drill planning is under way at NickelSearch’s (ASX:NIS) Carlingup project after signing key land access agreements over its Carlingup project near Ravensthorpe in WA.
The land access agreements cover eight high priority lithium-caesium-tantalum (LCT) drill targets identified through geological mapping, rock chip sampling and soil sampling activities at the project site.
All of those targets are close to ‘the Quarry’ where rock chips over 5% lithium oxide have been uncovered.
NIS now plans to submit an application with the Department of Mines, Industry Regulation and Safety (DMIRS) for its first lithium-focused drill program at Carlingup.
“We are pleased to have reached an agreement with the private landholder and occupiers,” NIS managing director Nicole Duncan says.
“Our team has completed highly encouraging field work that suggests the possibility of a large LCT system, 10km along the highway from Arcadium Lithium’s operating Mt Cattlin lithium mine.”
Exploration results to date have painted a promising picture of a large-scale LCT pegmatite system featuring a high-quality pipeline of targets (eight in total) that have been prioritised and refined.
Next steps for NIS include submitting the land access agreements for registration and applying for a Program of Works (PoW) for drilling.
The company intends to finalise plans for a first lithium-focused drill program over the LCT anomalies identified at the Quarry and the anomalies to its west, south and north.
Drill programs for targets outside of this private land are being prepared.
Drilling will be fast-tracked in areas where there is an existing approved PoW in place.
Additional geological mapping, rock chip sampling and soil sampling is under way to test areas of interest where there was little exposure of bedrock geology.
Follow-up work will be conducted around historical drillholes that had positive indicators for lithium mineralisation where no assay material is available.
Lithium exploration programs at the newly acquired tenements will be accelerated, including mapping, soil sampling and rock-chip sampling.
This article was developed in collaboration with NickelSearch, 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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