Premier1 Lithium

Yalgoo Fieldwork Commences Over Main Target Areas

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) is pleased to announce the commencement of fieldwork at its Yalgoo lithium projects. Target delineation work includes tenement - wide soil and rock chip sampling over the main target areas previously identified by machine learning (ML) in the northern part of the Yalgoo project and the southeastern part of the Yalgoo West project. A total of 930+ soil samples will be collected on a 200x200m grid for Yalgoo and on a 100x200m grid for Yalgoo West (subject to pending land access approvals).


HIGHLIGHTS

  • Fieldwork commenced at the Yalgoo lithium projects
  • Large scale soil and rock chip sampling program underway
  • First phase to test main ML targets with almost 1000 soil samples to be collected
  • Proximate to known lithium occurrences

The two projects are located within the northern part of the Yalgoo-Singleton greenstone belt (YSGB) in the Murchison province. Both sequences are typical greenstones consisting of submarine tholeiitic and high-Mg basalt lava flows, large intrusive gabbro bodies overlain by BIF and volcanic rocks with minor ultramafic and felsic rocks. The greenstone belt is intruded and bounded by granitoids, predominantly granodiorite and monzogranite to tonalite with minor syenogranite. Pegmatites associated with the granites are recognised throughout the project area and especially along the granite greenstone contacts.

Tectonically the greenstone is bounded by major faults and shear zones, with the major Mulloo and Wagga Wagga Shear Zones on the eastern contact covered by the Yalgoo project and the major Salt River Shear Zone covered by the Yalgoo West project. Premier1 (utilising SensOre ML technology) identified a large, predicted lithium target within a region not previously highlighted for its lithium exploration potential. During target analysis lithium mineralised LCT pegmatites were identified by a number of adjoining companies, including Firetail Resources and Zenith Minerals, validating the emerging potential of the area for LCT pegmatites.

At Yalgoo, the predicted target forms a large cluster of Li prospectivity that was previously unidentified and untested representing lithium potential over the northern portion of the greenstone belt. Additionally, the eastern portion of the project is prospective for VMS copper and zinc. At Yalgoo West another cluster of Li prospectivity predicted unidentified and untested lithium potential over the western portion of the greenstone belt.

The greater Yalgoo project area encompasses two joint ventures. In the eastern portion of the project area (Yalgoo), Premier1 has the rights to earn up to 70% of all commodities except Rare Earth Elements in a farm-in announced on 12 May 2023 with Venture Minerals (ASX:VMS). In the western portion of the project area (Yalgoo West), the Company is in a farm in with Firetail Resources (ASX:FTL) where Premier1 may earn 80% of lithium rights by spending announced 7 November 2023..

The next steps on the broader Yalgoo project involve extensive target delineation activities to generate drilling targets for the second half of 2024.

Figure 1: Regional geological map of the greater Yalgoo project area including identified ML targets.

Figure 2: Planned first phase soil samples over greater Yalgoo project area.


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)
Arizona Lithium

Updated Commercial Development Plan for North America’s First Lithium Brine Production Facility

Arizona Lithium Limited (ASX: AZL, AZLO, OTC: AZLAF) (“Arizona Lithium”, “AZL” or “the Company”), a company focused on the sustainable development of two large lithium development projects in North America, the Prairie Lithium Project (“Prairie”) and the Big Sandy Lithium Project (“Big Sandy”), is pleased to provide a progress update for the commercial scale proof of concept facility at Pad #1 and further outlay the development plan for the Prairie Project. The Prairie Project will be put into production across three phases of development. Phases I, II, and III represent the methodical steps being taken to cost-effectively bring the project into production while minimising the risk associated with commercialising a first-of-its-kind process.

Keep reading...Show less
Business handshake.

Stardust Power Shares Boosted by Sumitomo Lithium Offtake Deal

Stardust Power (NASDAQ:SDST) shares rose as high as US$1.20 on Monday (February 3) after the announcement of a non-binding offtake agreement with Sumitomo Corporation of Americas.

It outlines a potential long-term supply deal for lithium carbonate from Stardust’s refinery in Oklahoma, US.

According to a Form 8-K filing with the US Securities and Exchange Commission, the companies have signed a letter of intent for the supply of 20,000 metric tons of lithium carbonate annually from Stardust’s first production line.

Keep reading...Show less
Avenira Limited

Quarterly Activities Report for Period Ending 31 December 2024

Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide its Activities Report for the quarter ending on 31 December 2024 (“the Quarter”).

Keep reading...Show less
Galan Lithium

Quarterly Activities and Cash Flow Report

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to present this Quarterly Activities Report for the quarter ended 31 December 2024, as well as activities up to the date of this release.

Keep reading...Show less
White Cliff Minerals

Quarterly Activities and Cashflow Report for the quarter ended 31 December 2024

White Cliff Minerals Limited (“WCN” or the “Company”) has announced Quarterly Activities and Cashflow Report for the quarter ended 31 December 2024.

Keep reading...Show less
White Cliff Minerals

Rae Copper Project fully permitted for drilling

Hulk and Danvers targets will be priority as part of the maiden campaign

White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce that its Rae Copper Project, Nunavut (the “Project”) has now received the remaining permits and approvals required to commence drilling activities. The maiden drilling campaign will follow up high priority targets that were generated during the successful field campaign at the Rae Copper Project during 2024, where copper rock chips returned remarkable assays, with results exceeding 60% Copper (refer to announcements dated 4 October and 14 October 2024).

Keep reading...Show less

Latest Press Releases

Related News

×