Oceana Lithium

Quarterly Activities Report for the Period Ended 30 September 2023

Oceana Lithium Limited (ASX: OCN, “Oceana” or “Company”) is pleased to present its activities report for the September 2023 quarter.


Solonópole Project, Ceará, Brazil

  • 2,000 metres of shallow RC scout drilling completed at the Bom Jesus de Baixo (BJdB) and Soledade West prospects. Individual pegmatite intercepts of up to 37m wide and combined intercepts of up to 46m1 (refer ASX announcement 7 August 2023). All pegmatites intercepted remain open along strike and down dip. Assay results are pending.
  • The large-scale infill soil sampling and trenching program commenced in March 2023 continued, covering mapped pegmatites and artisanal workings designed to cut across all typical pegmatite strike directions in this area. As of 30 September 2023, about 6,000 soil samples were collected by Oceana with results pending.

Monaro Project, Québec, Canada

  • Option acquired over a 100% interest in the Monaro Project located in James Bay, Québec.
  • Field exploration due diligence program commenced in September after delays caused by extensive wildfires.
  • High priority targets identified which include two reported Québec Government SIGÉOM pegmatites; some 114 large linear structures with surface signs of pale outcrop, some up to 1.25 km in length identified from high resolution satellite imagery, as well as 26 spectral targets selected from Sentinel 2 remote sensing data.

Napperby Project, Northern Territory, Australia

  • A review of data from a Hyperspectral survey conducted by the Company has confirmed previously mapped pegmatite outcrops with reasonable accuracy and revealed several potential new major pegmatite dykes previously unmapped by other explorers.


  • Mr Caue Araujo, a highly experienced geologist and mining industry professional, appointed as CEO.
  • $4.1m raised through strongly supported placement at $0.32 per share
  • The Company remains well-funded with cash at 30 September 2023 of ~$4.7m.

Solonópole Project, Brazil

The Solonópole Project area is located in the state of Ceará, north-eastern Brazil and consists of ten (10) exploration permits covering approximately 124km2 (Figure 1), owned by Oceana’s subsidiary Ceará Litio. The project is approximately three hours by road from the state capital Fortaleza and deep-water Port of Pecém and is well serviced by sealed highways and high voltage electricity.

Figure 1: Solonópole Project permits and targets drilled May – July 2023 (red dots)

A 2,000 metre RC scout drilling program comprising 30 mostly shallow holes up to 60m in depth commenced in May 2023 was completed in July 2023. The initial focus was at the Bom Jesus de Baixo Prospect (“BJdB”) at the BJdB Pit area, where high-grade spodumene Lithium mineralisation has been identified, then eastwards over the other two identified pegmatite outcrops at BJdB Central and BJdB East. These three linear outcrops lie over a combined east-west strike length of over 500m. This first phase of scout drilling was planned on a 20m x 20m grid to assist in determining the actual pegmatite dimensions and dip at each location, as well as its Lithium grade and mineralogy.

A progress report on the first 14 RC holes covering 1,035 metres of this first phase of drilling was reported by Oceana on 21 June 2023. Drilling confirmed the presence of thick pegmatites in three different outcropping areas (BJdB Pit, BJdB Central and BJdB East), aligned along strike and dipping north. All pegmatites intercepted remain open along strike and down dip, with provisional logging results suggesting they are part of a stacked pegmatite system.

Click here for the full ASX Release

This article includes content from Oceana 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.

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Albemarle Corporation to Release First-Quarter 2024 Earnings Results on Wednesday, May 1, 2024

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024 .

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The company will hold a conference call to discuss its first-quarter 2024 results on Thursday, May 2 , at 9:00 a.m. ET . Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com . Direct dial numbers are provided below:

Participant Dial-in Numbers:
U.S. & Canada Toll-Free: 1 (800) 590-8290
International: 1-240-690-8800
Conference ID: ALBQ1

Webcast Details:
Event Title: Albemarle Q1 2024 Earnings Call
Event Date: May 2, 2024
Start Time: 09:00 AM (GMT -05:00) Eastern Time (US and Canada )

Attendee URL:

Replay Information:
A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website at http://investors.albemarle.com .

About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at albemarle.com and on X (formerly known as Twitter) @AlbemarleCorp.

Albemarle regularly posts information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission ('SEC') filings and other information regarding the company, its businesses and the markets it serves.

Investor Relations Contact: Meredith Bandy , +1 (980) 999-5768, Meredith.Bandy@albemarle.com

Media Contact: Jennifer Zajac , +1 (980) 308-6259, Jennifer.Zajac@albemarle.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-to-release-first-quarter-2024-earnings-results-on-wednesday-may-1-2024-302109286.html

SOURCE Albemarle Corporation

News Provided by PR Newswire via QuoteMedia

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