Lithium Australia Establishes Foothold in Bynoe Pegmatite Field Northern Territory

Lithium Australia NL (ASX:LIT) announced the grant to the Company of Mineral Exploration Licence 30897 in the Bynoe Pegmatite Field in the Northern Territory, Australia.
As quoted in the press release:

Lithium Australia’s Bynoe Project is located 50 kilometres south-southwest of Darwin, capital of the Northern Territory, close to infrastructure (see Figure 1). Despite the favourable location, exploration in the area, until recently, has been restricted and of narrow focus with little work undertaken on lithium. The latest exploration has targeted spodumene (a lithium silicate) and lithium micas and activity levels rival that of similar pegmatite fields such as Pilgangoora in Western Australia.

Figure 1: Location of LIT’s Bynoe Lithium Project.

The Bynoe Project lies within the Bynoe Pegmatite Field, the latter being the main part of the larger Litchfield Pegmatite Belt. Located along the western margin of the Pine Creek Orogen – which is of Palaeoproterozoic age – the Litchfield Pegmatite Belt is almost 200 kilometres long and has been intruded by a suite of highly differentiated ‘S-type’ granites, believed to be the source of the pegmatites. Pegmatites abound (there are more than 100 in the Bynoe Pegmatite Field alone) and many have been exploited, in the past, for their tin and tantalum mineralisation.

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