Metalicity Limited (ASX:MCT) reports that new high priority targets have been defined and prioritised for future exploration and potentially drilling at the company’s lithium exploration projects in the Pilbara, including the 100% owned Pilgangoora North and Wodgina South projects.
The Pilgangoora North project, acquitted from Metalicity shareholder Fortescue Metals Group, adjoins the world class Pilgangoora Deposit of Pilbara Minerals Limited.
Preliminary mapping, satellite imagery and rock ship sampling has defined a series of pegmatites over a 10km trend.
The Wodgina South project was acquired by the company via systematic project generation, where preliminary mapping, satellite imagery and rock ship sampling has defined a series of pegmatites over a 5km trend.
A review by consultants CSA Global included a comprehensive compilation and assessment of data sets not previously used. CSA Global concluded that the projects have not been systematically explored to date; however, they are considered prospective for rare element and lithium-bearing pegmatites.
Systematic field mapping, rock sampling and geochemical analysis is required to define fertile granites and fractionation trends that could point towards further lithium-bearing pegmatite targets. Based on work done to date, and CSA Global’s review of the regional setting, one higher priority target area has been selected for Pilgangoora North and for Wodgina South.
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At Pilgangoora North the high priority target covers an area of approximately 4km X 2km (8km2), while the Wodgina South high priority target area covers 2km X 1km (2km2). Both targets have been selected based on the preliminary assessment of pegmatite sampling to date and evidence for higher fractionation in pegmatites in these areas.
In addition, Geoscience Australia regional potassium the radiometric data indicates that the “Pilgangoora” greenstone belt possibly extends through the Pilgangoora North project, while the “Wodgina” greenstone belt is interpreted to extend through the Wodgina South project.
Metalicity Managing Director Matt Gauci said key recommendations for future work at the newly identified targets at both Pilgangoora North and Wodgina South include additional field mapping of the interpreted and confirmed pegmatites and collect bulk pegmatite samples, and, samples of blocky K-feldspar and muscovite, to obtain additional fractionation and mineralisation data.
He said the CSA Global review included a field visit to both Pilgangoora North and Wodgina South in conjunction with one of Asia’s largest mineral resource groups and one of the worlds biggest Lithium-ion battery producers, where discussions are underway regarding future cooperation.
Exploration is scheduled to commence in the March Quarter with CSA Global appointed to undertake the recommended work programme.
