Lithium Australia Advances The Ravensthorpe Lithium Project In Southern Western Australia

Lithium Australia NL (ASX:LIT) announced advances rhe Ravensthorpe Lithium Project in southern western Australia.
As quoted in the press release:

HIGHLIGHTS: 

• Pegmatite samples at the Horseshoe Prospect includes assay up to 4.08% Li2O, confirming the presence of high-grade
• Soil geochemistry at the Deep Purple Prospect, suggest pegmatites continue under soil-cover, as anomalies extend to twice the length of
• Mapping and sampling at the Phillips South Prospect has identified at least two lithium pegmatites, one of which is mostly soil-covered.
• Submission of Program of Work to enable drilling of the Deep Purple

Lithium Australia Managing Director, Adrian Griffin, stated:

Exploration success at Ravensthorpe adds significant potential to our Yilgarn portfolio that has been recently expanded through the consolidation of mineral rights at Lake Johnston, and the Widgiemooltha acquisition within the Goldfields Lithium Alliance with Cazaly Resources. The identification of abundant lithium pegmatites at Ravensthorpe is pleasing, and confirms the potential of the area, long since realized by Galaxy Resources, at nearby Mt Cattlin.

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