The Buldania-Norcott Lithium Project (Buldania Project) area totals 425km2 located ~35km east of Norseman (Western Australia), in close proximity to modern transport, energy and camp infrastructure.
Figure 1: Buldania Project – Location, tenure and regional geology plan
The Buldania Project is 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). The Norcott Project covers the strategic extension at the same lithium propsective stratigraphy where multiple pegmatites have been observed.
Although there has been no previous lithium exploration on the Buldania Project, geological mapping have defined a large (2.3km x 1.5km), undrilled, spodumene-bearing pegmatite swarm (Figure 2). Individual pegmatites up to 400m long and 160m wide have been mapped at surface; however, true thicknesses are unknown due to the lack of drilling and structural data.
The project is 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.
Early reconnaissance rock chip sampling by Liontown (see ASX release dated 30th October 2017) has recorded multiple occurrences of high grade lithium mineralisation (>1.5% Li2O) over an extensive area, with better results including:
Importantly, the mineralisation is associated with primary spodumene, with little apparent depletion of lithium that is sometimes observed in heavily weathered terrains.
Figure 2: Buldania Project – Liontown rock chip sampling
A full listing of statistics for rock chip sampling is provided in Liontown's Press release dated 30th October, 2017.
Figure 3: Buldania Project – Example of spodumene-bearing pegmatite
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.