First Phase Drilling Successfully Completed at Abbotts North Project

First Phase Drilling Successfully Completed at Abbotts North Project

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce the successful completion of its first phase drilling program at Abbotts North located 35km north of Meekatharra, Western Australia. The program has been completed on time and under budget.


HIGHLIGHTS

  • First phase of drilling completed, with 11 RC holes totaling 1,623m at Abbotts North
  • Drilling confirms orientation and down depth continuity of the stacked pegmatite system
  • Program identifies multiple pegmatite layers
  • Samples submitted to lab for multi element analyses with results expected in April
  • Pegmatite mapping and sampling underway to define further drill targets
A total of 11 RC holes for 1,623m were drilled to test the main outcropping pegmatites at the Buttamiah Prospect.

The pegmatite swarms had previously been mapped over a strike length of up to 350m with the single sub-cropping pegmatites averaging between 2 to 3m width at surface.

The drilling was able to confirm the orientation and down depth continuity of the stacked system dipping between 30-50 degree to the north.

9 of 11 drill holes intercepted pegmatites of on average 1 to 3m and locally up to 4m thickness hosted within an amphibolite unit. Occasionally, lepidolite has been identified and further analyses are planned to determine the presence of spodumene in the system.

All samples have been submitted for multi element analyses with results expected in the next approximately 6 weeks.

Additional studies of the outcropping pegmatites in the larger Buttamiah Prospect area including fractionation vectoring using K/Rb ratios by ERM consultants on site suggest the core of the system to be located to the east of the current drilling.

Further mapping and sampling of the known pegmatites in this area as well as over the remaining tenement package will be completed to refine existing and define further drill targets. This includes preparations for further heritage clearance surveys. Premier1 is fully funded for any subsequent phase two drilling program.

Richard Taylor, CEO of Premier1, commented:

“In our first drilling program, we were able to confirm the continuity of the mapped pegmatites at depth and enhance our understanding of the LCT system.

Although still in the early stages, Abbotts North is gradually revealing its geological story. Further analysis of the RC samples will play a significant role in informing our next drilling targets and in evaluating the area's lithium potential.

We look forward to updating our shareholders as we continue to explore this exciting region.”


Click here for the full ASX Release

This article includes content from Premier1 Lithium, 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.

PLC:AU
The Conversation (0)
  Metals Australia Ltd

Warrego East Drilling Permitted as Takeover Action Underlines Prospectivity of Tennant Creek Mineral Field

- Metals Australia exploring the Warrego East Copper-Gold project as London-listed Pan African Resources acquires holder of adjacent tenement in an $82M deal

Metals Australia Ltd (ASX: MLS) (“the Company”) is pleased to announce that its Mine Management Plan for the upcoming field exploration program at the Warrego East copper-gold project in the Tennant Creek Mineral Field has been authorised by the Northern Territory Government (Refer to Figure 1 and 2). Weather permitting, the field exploration program will be scheduled as soon as a land holder access agreement is finalised.

Keep reading...Show less
A green battery surrounded by rings.

Livium Secures Funding for Battery Recycling Facility

Livium (ASX:LIT) subsidiary Envirostream Australia has been granted AU$850,000 under Western Australia’s electronic waste infrastructure grant funding program.

Previously known as Lithium Australia, Livium is Australia's “first onshore company” for lithium and mixed battery recycling.

Since its inception in 2017, the company has been developing safe and innovative management solutions to address lithium-ion battery recycling, one of Australia’s biggest problems concerning waste.

“This grant from the WA government represents a meaningful step forward in our mission to establish a sustainable national battery recycling ecosystem,” Livium CEO and Managing Director Simon Linge commented in the release.

Keep reading...Show less
Lithium Universe

Successful Completion of Tranche 1 Share Placement

Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7”) is pleased to announce that further to its announcement dated 31 October 2024 (ASX:LU7 LU7 Completes Share Placement and Launches Entitlement Offer) (Announcement), it has now settled the first tranche of its share placement to sophisticated and professional investors (Tranche 1).

Keep reading...Show less
Red Tesla electric vehicle with lithium-ion battery icon in corner.

Where Does Tesla Get its Lithium? (Updated 2024)

As the energy transition continues to unfold, US electric vehicle (EV) pioneer Tesla (NASDAQ:TSLA) has been making moves to secure supply of the raw materials it needs to meet its production targets.

Lithium in particular has been top of mind for CEO Elon Musk. Back in 2020, the battery metal had a spotlight moment at Tesla’s Battery Day, when Musk shared that the company had bought tenements in the US state of Nevada, and was looking for a new way to produce lithium from clay — a process yet to be proven at commercial scale.

Lithium prices went on to hit all-time highs, but swiftly declined last year and continuing on a downward trend in 2024. Prices for other key battery metals have also decreased as EV sales growth has fallen across most global markets in the face of economic uncertainty and higher interest rates. According to Goldman Sachs research, EV battery costs are at record lows and are forecasted to fall by 40 percent between 2023 and 2025.

Keep reading...Show less

Latest Press Releases

Related News

×