GLiA acquires Widgiemooltha Project lithium rights

0
364
Image credit: Lithium Australia ASX release

Lithium Australia NL and Cazaly Resources, through their Goldfields Lithium Alliance (GLiA) have acquired the rights to “Pegmatite Minerals” in the Widgiemooltha pegmatite filed located ~45kmeast of Coolgardie in the Eastern Goldfields of WA and 25km south of the globally significant Mount Marion Lithium Project.

Image credit: Lithium Australia ASX release
Image credit: Lithium Australia ASX release

The Widgiemooltha Project, which covers a area of approximately 81km2, is unexplored for lithium despite hosting extensive pegmatites identified by the Geological Survey of Western Australia (GSWA). Most recently, Maximus Resources announced confirmation of lithium bearing pegmatites within their nearby Spargoville tenements.

GLiA has commenced data searches and desktop studies and is undertaking initial field work to test the potential of the several mapped pegmatite occurrences at the project.

Lithium Australia said that early investigation confirm the exposed pegmatites extend for ~1.8km. According to the company, area photography suggests the area has potential for several other pegmatite bodies not mapped to date.

“This acquisition further cements the partnership with Cazaly as it brings complementary expertise to our efforts in the Goldfields enabling greater penetration into the opportunities offered by the region. Furthermore, the infrastructure within the Kalgoorlie mining region will be significant advantage to any potential development opportunities,” said Lithium Australia’s Managing Director, Mr Adrian Griffin.

”This recent acquisition is further proof of the mutual benefits of the Alliance to both Lithium Australia and Cazaly. The Widgiemooltha pegmatite field is an extensive area of previously unexplored pegmatites in a region known to host significant lithium resources as evident at the nearby Mount Marion development. Further field work is to commence immediately with a view toward defining the true extent and prospectively of the pegmatites. Drilling is planned to be commenced as soon as practicable thereafter,” said Cazaly’s joint Managing Director, Mr Clive Jones.