TG Metals smashes it out of the park with 2.32% Li2O hit at Burmeister

RC drill results show up to 2.32% Li₂O at Burmeister deposit
Drilling has increased confidence in the exploration target of 15.6Mt to 20.1Mt at 0.97% to 1.19% Li₂O
Results to be incorporated into an upcoming maiden resource at Burmeister

Special Report: High grade lithium struck in pegmatites at TG Metals’ Burmeister deposit has bolstered confidence in an exploration target at its Lake Johnston project in WA, where the discovery sparked a major land rush last year.

TG Metals’ (ASX:TG6) Burmeister deposit sits within the wider Lake Johnston project, north of Esperance in a region which holds the promise to become WA’s next lithium mining district.

Its namesake greenstone belt contains lithium from hard rock sources in the form of spodumene-bearing pegmatites scattered around the place, something TG6 has found in abundance at the project site.

The latest strikes contained grades of up to 2.32% Li₂O. For context, anything above 1% is generally considered economic, with lithium grading above 2% Li₂O rarely encountered.

Burmeister confidence boost

Assay results from 28 extensional and infill RC holes across 4722m at the Burmeister lithium deposit, and the last hole drilled at the Jaegermeister prospect are showing multiple intersections of spodumene bearing pegmatites with high Li₂O grades and widths up to 14m.

A highlight result for Burmeister showed 8m at 1.92% Li₂O from 106m, including 2m at 2.32% Li₂O from 111m.

The drilling increases confidence in the upper estimate of the previously reported exploration target of 15.6Mt to 20.1Mt at 0.97 to 1.19% Li₂O.

Completed drill holes at Jagermeister and Burmeister. Pic: TG6

“Burmeister continues to deliver consistent lithium spodumene mineralisation with high grades and widths similar to those received in previous drilling,” TG6 CEO David Selfe says.

“Burmeister is progressing towards its first resource whilst we are assessing our new Jaegermeister discovery for size potential.”

Initial analysis from drilling completed to date shows that Jaegermeister has a size potential similar, if not larger, than Burmeister.

“Every new round of drilling increases our confidence that TG Metals has the premier lithium deposits in the Lake Johnston greenstone belt and the most prospective tenements for further lithium exploration potential,” Selfe says.

“We are seeing thickening of the pegmatites towards a north-westerly direction at both Burmeister and Jaegermeister which underpins our confidence that the current exploration target can be exceeded with further drilling.”

This article was developed in collaboration with TG Metals, 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.