Lithium Australia Doubles Footprint In Western Australia’s Prospective Greenbushes Area

Lithium Australia NL (ASX:LIT) announced the expansion Greenbushes interests.
As quoted in the press release:

HIGHLIGHTS

• Lithium Australia expands holding adjacent to the world’s largest lithium mine
• Granted tenure abuts the producing Talison Lithium
• The exploration licence granted in April 2016 is augmented by a further 3 licences
• Licences granted in July 2016 now

Greenbushes hosts the world’s largest lithium mine which currently produces about 40% of global lithium supply from pegmatites, mined approximately 200km south of Perth, in Western Australia. The area hosts abundant pegmatites the emplacement of which appears to be structurally controlled. A number of major structural features occur within the area, including the Donnybrook – Bridgetown Shear within which the Greenbushes pegmatite is located. Numerous subsidiary structures have been identified in the area, some of which are also associated with the emplacement of pegmatites.

Initial phases of exploration (already commenced) will employ non-invasive technologies to model the chemical evolution of the intrusive rocks forming part of the pegmatite complex. Lithium Australia is a leader in the development and implementation of such technologies, which have been very effective in detecting lithium pegmatites below cover within other Lithium Australia projects. The geochemical profiles will also help delineate the more prospective structural trends for further examination.

Lithium Australia Managing Director, Adrian Griffin, stated:

The grant of the three new licences will enable Lithium Australia to gain a much more complete picture of the geological systems that have created the world’s largest known lithium pegmatite. The potential of the area is outstanding and we will use our experience to evaluate that potential in an effort to unlock the latent value of the area.

Connect with Lithium Australia NL (ASX:LIT) to receive an Investor Presentation.