Arcadia Minerals

42km X 9km Geophysical Anomaly Points To Lithium In Brines At Bitterwasser

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that initial observations of raw uninterpreted renditions of data from the recently completed regional electromagnetic survey over the Bitterwasser Lithium Brines Project have revealed the existence of a number of large geophysical anomalies, some of which are associated with the Lithium-rich Eden clay pan (where a Mineral Resource was defined in clays), and displaying features that are consistent with highly conductive aqueous brine pools.


HIGHLIGHTS:
  • Significant geophysical anomalies indicating highly conductive lithium-rich aqueous brine pools identified from initial renditions of raw (uninterpreted) geophysical data at the Bitterwasser Lithium Project
  • Most prominent geophysical feature measures 42km in length by 9km in width
  • Similar geophysical anomalies are also present under the Eden Pan, where a Lithium in Clay Mineral Resource has been defined1, and the Madube Pan, where drilling intersected lithological units similar to the Eden Lithium Pan2
  • Initial observations of the geophysical data confirm the existence of a closed sub- surface basin and, consequently, reinforces the existence of first order geological requirements for the concentration of brines containing Lithium
  • Historical agricultural boreholes are coincident with the edge of the most prominent anomaly and contained highly saline results of more than 6,000mg/L total dissolved solids3
  • Next steps include interpretation and modelling by Arcadia’s consulting geophysicists to identify drill targets

Jurie Wessels, Executive Chairman of Arcadia stated This is a significant exploration milestone for Arcadia. The discovery of large and compelling geophysical features conforming to the characteristics of brine trap sites, some of which are situated below known mineralised pans, is the penultimate step forward towards a potential company transforming discovery of brine deposits. Our next step after receiving final interpretation of the geophysical data is to identify drill targets and to commence with drilling operations to explore for deep-seated Lithium deposits.

Philip le Roux, Chief Executive of Arcadia statedCombined with all the geological features present at Bitterwasser, such as lithium in the Bitterwasser Mineral Resource clays, favourable source rocks, evidence of geothermal activity, evidence of brines in historical agricultural bore holes, an arid climate and a very old half-graben that forms a closed basin within which enrichment can occur, the results of the survey represent a great step towards possibly confirming the presence of lithium enriched fluids."

Click here for the full ASX Release

This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AM7:AU
The Conversation (0)
Arcadia Minerals

Drilling Completed At Karibib Copper-Gold Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that its drilling contractor Hammerstein Mining and Drilling completed a 551m RC drilling program for 10 drill holes at the Karibib Copper- Gold Project in Namibia.
Keep reading...Show less
Arcadia Minerals

Drilling Commenced At Karibib Copper-Gold Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that it instructed Hammerstein Mining and Drilling to execute a 526m RC drilling program for 9 drill holes at the Karibib Copper-Gold Project in Namibia.
Keep reading...Show less
Arcadia Minerals

Quarterly Activities Report – June Quarter 2022

Arcadia Minerals Limited (ASX:AM7, FRA:8OH) (Arcadia, AM7 or the Company), the diversified exploration company targeting a suite of battery metal projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to provide its quarterly activities report for the period ending June 2022.

Keep reading...Show less
Kum-Kum Nickel Project Mineral Systems Approach Results

Kum-Kum Nickel Project Mineral Systems Approach Results

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that the Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses and delivered a report to the Company styled “Geological overview and sulphide mineralization potential of the Tantalite Valley Complex” by Drs. Martin Klausen and Bjorn von der Heyden & Mr Daniel Ferreira, Department of Earth Sciences, Stellenbosch University, May 2022, and this report will be made available on the Company’s website at www.arcardiaminerals.global.

Keep reading...Show less
Cleantech Lithium

PFS Plant Location Study Results in Decision to Locate Carbonation Plant in Mining Centre of Copiapó

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces the results of a plant location study completed as part of the ongoing pre-feasibility study (PFS) for the Laguna Verde Project, which is due to complete later this year. The PFS is being led by Worley, a global professional services company of energy, chemicals and resources experts, from its Santiago office which has high-level experience in the lithium sector. Xi´an Lanshen New Material Technology Company ("Lanshen") has been selected to provide the lithium processing plant design and equipment, and Worley to design the balance of plant and infrastructure.

Keep reading...Show less
Galan Lithium

Galan Lithium


Keep reading...Show less
Cleantech Lithium

New Bridging Loan and Termination of Convertible Loan Notes

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile, is pleased to announce it has secured commitments from a number of investors (including existing shareholders) to raise gross proceeds of approximately A$4 million (approximately £2.1 million) through the issue of loan notes (the "Loan Notes"). In addition, the Company announces that on 28 June 2024 it has terminated the £1 million convertible loan notes (the "CLNs"), details of which were announced on 22 April 2024.

Keep reading...Show less
Jindalee Lithium

Jindalee Lithium Limited (ASX: JLL) – Trading Halt

Description

The securities of Jindalee Lithium Limited (‘JLL’) will be placed in trading halt at the request of JLL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 July 2024 or when the announcement is released to the market.

Keep reading...Show less
Lithium-ion batteries.

SQM Pilot Testing DLE Technologies, Plans to Choose One or More by 2025

SQM (NYSE:SQM) plans to choose one or more direct lithium extraction (DLE) technologies by next year.

The decision, confirmed by Carlos Diaz, SQM's lithium division head, at Fastmarkets' Lithium Supply and Battery Raw Materials Conference, held in Las Vegas from June 24 to 27, comes as part of a broader effort to expand production of lithium, a crucial metal for electric vehicle batteries, in the Salar de Atacama region.

"We would like to have multiple (DLE) solutions," Reuters quotes Diaz as saying. "It's difficult to choose one that is going to fit and be suitable for all kinds of different chemicals that can be in different types of brine."

Keep reading...Show less
Balkan Mining and Minerals

Successful Placement to Raise $750,000

Balkan Mining and Minerals Ltd (BMM or the Company) is pleased to announce that it has successfully received binding commitments for a private placement to raise $750,000 (before costs) (Placement). The Placement will comprise the issue of 15,000,000 new fully paid ordinary shares (Placement Shares) in the Company at an issue price of $0.05 per share.
Keep reading...Show less

Latest Press Releases

Related News

×