An emerging second project with an initial Mineral Resource of 15 Million Tonnes of 1.0% lithium oxide (Li2O)
The Buldania Project is located in the Eastern Goldfields Province of Western Australia, approximately 600km east of Perth. The site is proximal to and has similar geology to the Mt Marion(71Mt) and Bald Hill(26Mt) lithium deposits.
The Project is close to major road and rail infrastructure with direct access to the Port of Esperance 200km to the south.
Drilling has defined a mineralised system at the Anna deposit over 1.4km in strike length, which remains open at depth. Eight mineralised pegmatites have been identified that are sub-horizontal in the northwest (dips of 0° to -10°) and which steepen in the southeast (dips of up to -65° to the west and to the east). The mineralised pegmatites have been drilled over an area of 1,400 m by 380 m and to a depth of 300 m. The individual mineralised pegmatites are up to 35 m thick and have an average thickness of 4m to 9m and a combined average thickness of 26 m.
Further drilling has established a second spodumene-bearing pegmatite swarm 5-10km NW of the Anna deposit of up to 6m @ 1.5% Li2O from 54m. Significant lithium results have been returned over a strike length of 800m at the Northwest prospect.
The Indicated and Inferred Mineral Resource comprises 14.9Mt @ 1.0% Li2O. Over 60% of MRE is classified as indicated.
