Widgie Nickel Ltd (ASX: WIN) has discovered of a new lithium prospect named “Trainline”, and defined additional lithium mineralisation at depth at Faraday just weeks after revealing a maiden Mineral Resource Estimate at the Faraday Lithium Deposit in Western Australia.
The Faraday-Trainline Lithium Project area is located on Mining Lease M15/102, four km west north-west of the Widgiemooltha townsite. Access is via the Coolgardie-Norseman Rd, 63km south of Coolgardie. Faraday and Trainline are central to Widgie’s Mt Edwards Project, covering a significant land holding within the “Lithium Corridor” between Mt Marion to the north and Pioneer Dome to the south.
Widgie’s lithium endowment shows it has exceptional growth potential with wide spaced intercepts at Trainline showing excellent promise in addition to the expanding Faraday deposit,” Managing Director and CEO, Steve Norregaard, said.
“Our next steps will be to infill Trainline and the Faraday down dip extensions.
Ongoing evaluation of offtake partnership options is nearing a logical conclusion, with interest levels high. The Faraday- Trainline Lithium Project has all the hallmarks of a very low-cost development able to be commercialised in the very near term.”