The Buldania Project is the Company’s second lithium discovery in Western Australia located in the southern part of the Eastern Goldfields Province, a region well-known for hosting significant lithium deposits including Mt Marion and Bald Hill (Figure 1).
Initial drilling has intersected high-grade spodumene-related lithium within numerous pegmatites where geological mapping has defined a large pegmatite swarm over 2.3km x 1.5km.
Importantly, the Buldania Project is close to major road and rail infrastructure, with direct links to the Port of Esperance, critical to the mining and production of bulk commodities such as spodumene concentrates.
Figure 1: Buldania Project – Location, tenure and regional geology plan
A 3,000 – 3,500m Reverse Circulation drilling program is underway and is designed to test beneath multiple targets where previous rock chip sampling had recorded fresh, high-grade (>1.5% Li2O), spodumene-related mineralisation.
While drilling is still at an early stage, the initial results are highly encouraging and demonstrate the potential for high grades to occur within multiple pegmatites hosting significant widths of ore grade lithium mineralisation.
For the latest results and figures please see ASX Announcement ‘Significant lithium mineralisation discovered at Buldania’ – 12th March 2018.
The Projects are located at the far southern end of the Norseman - Wiluna Greenstone Belt within the Archaean Yilgarn Craton of southern Western Australia in a region well known for hosting significant lithium deposits including Mt Marion and Bald Hill (Figure 1).
Although there has been no previous lithium exploration, geological mapping have defined a large (2.3km x 1.5km), undrilled, spodumene-bearing pegmatite swarm. Individual pegmatites up to 400m long and 160m wide have been mapped at surface; however, true thicknesses are unknown due to the lack of previous drilling and structural data.
The Norcott Project covers the southern strike extension of prospective stratigraphy being targeted at Buldania. The projects are adjacent to the eastern margin of a large, dome-shaped, granitic intrusion which is a similar geological setting to the Mt Marion and Bald Hill lithium deposits located further to the north.
Importantly, the lithium values appear to be largely related to spodumene mineralisation with only minor lepidolite observed.
The Buldania licences are held by Avoca Resources Pty Ltd, which is a wholly-owned subsidiary of Westgold Resources Ltd.
Liontown, through its wholly-owned subsidiary, LRL (Aust) Pty Ltd, will acquire the lithium and related metals (beryllium, caesium, niobium, rubidium, tantalum and tin) rights for the Buldania Project by:
Avoca retains the rights to all other metals (excluding lithium and related metals) and has priority access for exploration.
The Tenements are covered by the Ngadju Determined Native Title Claim (WCD2014/004). Avoca has an Access Agreement with the Ngadju which will apply to Liontown’s exploration activities.
The Norcott applications are held by private company Galahad Resources Pty Ltd.
Liontown Resources Limited through its wholly-owned subsidiary, LRL (Aust) Pty Ltd, has agreed to acquire the exploration licences by:
Once the applications are granted:
The transaction is conditional upon ministerial consent to the transfer of the granted licences to LRL.
View our Kathleen Valley Lithium Project