
December 15, 2021
Arcadia Minerals Ltd (ASX:AM7) (Arcadia), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce initial drilling results from follow-up drilling at the Swanson Tantalum Project.
HIGHLIGHTS
- 83% (19 holes representing 907m of 1,100m) of the 27-hole drilling program1 completed
- Sample analyses of 4 holes received
- Holes confirmed open-cast potential of the E7 pegmatite
- Assayed core confirms high grade intercepts with an average thickness of 2.31 m (from 1.40m to 3.67m) and a weighted average grade of 559 g/t Ta2O5 (479 to 705 g/t Ta2O5)
- Further assay results from 15 holes completed are expected early in Q1 2022
- Final ten holes of the 1,100m drilling program are expected to be completed early in Q1
- An updated Mineral Resource to compliment the maiden JORC Mineral Resource of 1,2Mt2 (at an average grade of 412g/t Ta2O5, 76g/t Nb2O5 and 0.29% Li2O), previously derived from 23 drillholes completed over 3 pegmatites in September 2020, is expected to be declared soon after completion of the drilling program
- Following receipt of a potentially enlarged Mineral Resource, a full feasibility study will be commenced on the project to investigate the economic potential of producing a 25% Ta2O5 concentrate at Swanson.
Arcadia Minerals Ltd (ASX:AM7) (Arcadia or the Company) is pleased to announce that 83% of the extended 1,100m drilling program at the Swanson Tantalite project, which was commenced within August 2021, have been completed.
Philip le Roux, the CEO of Arcadia commented:
“We are optimistic that the encouraging results received so far will be replicated in the remaining drill holes, and that the Company could expect similar mineralisation trends as those that were evident from the assays of drill cores which contributed to the maiden Mineral Resource. As a result, we are hopeful to significantly extend the Mineral Resource. If the Mineral Resource is extended, the Company would contemplate immediately conducting the necessary studies to complete a full feasibility study over the extended Mineral Resource resident at Swanson.”
The extended drilling campaign is aimed at possibly increasing the opencast and up- dip extensions of 11 of the 15 pegmatites at the Swanson project and, if successful, to expand the maiden Mineral Resource announced on 23 September 2021 by the Company.
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
INN Article Notification
The Conversation (0)
11 September 2021
Arcadia Minerals
A Battery Metal Explorer Operating Within Resource-Rich Namibia
A Battery Metal Explorer Operating Within Resource-Rich Namibia Keep Reading...
23 September 2022
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... Keep Reading...
29 August 2022
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... Keep Reading...
29 July 2022
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... Keep Reading...
09 May 2022
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... Keep Reading...
16h
5 Best-performing ASX Lithium Stocks of 2026
Global demand for lithium presents a significant opportunity for Australia and Australian lithium companies.Australia remains the world’s largest lithium miner, supplying 31 percent of global output in 2025, though its dominance is easing as other lithium-producing countries such as China,... Keep Reading...
13 April
Top 5 Largest Lithium Reserves by Country
Those interested in the lithium sector and investing in lithium stocks are often curious about which countries are the top producers of the battery metal, but they may not stop to consider the top lithium reserves by country. Major lithium-producing countries are, of course, home to a large... Keep Reading...
10 April
Jindalee Inks US$571 Million SPAC Deal to List Lithium Assets on Nasdaq
Australia’s Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) is spinning out its US asset portfolio into a newly formed company that will list on the Nasdaq via a US$571 million blank-check merger.The new entity, called US Elemental, will merge with Constellation Acquisition (OTCID:CSTAF), a special... Keep Reading...
10 April
Infographic: Era of the Glut Ends as Lithium Careens Toward 2026 Deficit
The global lithium market is undergoing a massive structural reversal.Following a multi-year period of severe oversupply that crushed spot prices, the critical battery metal is now aggressively tightening, with major financial institutions projecting a steep supply deficit by 2026."The question... Keep Reading...
10 April
Jindalee Signs BCA to List McDermitt on NASDAQ
Jindalee Lithium (JLL:AU) has announced Jindalee Signs BCA to List McDermitt on NASDAQDownload the PDF here. Keep Reading...
09 April
Appointment of Australian Resident Independent Non-Executive Director
CleanTech Lithium (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, has appointed an Australian resident independent non-executive director, Todd Ross, with immediate effect.Mr Ross is an Australian resident director with an... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00








