Lithium Australia has announced that it will begin exploration at its Ravensthorpe project in Western Australia.
In an ASX Announcement issued last week, the company said that it will conduct geological mapping and sampling of its exploration licence which encompasses a 70 square kilometre area.
“The Ravensthorpe project provides and unprecedented opportunity for our company to advance a wholly owned project. The deposits comprising the Ravensthorpe project were originally explored in the 1980s with a focus on tantalum but results did not warrant ongoing development for that commodity. There was little incentive at the time to follow-up the lithium potential, but the seemingly insatiable demand, created by the battery industry has spurred our renewed interest in the area, an interest clearly shared by General Mining and Galaxy,” said Lithium Australia Managing Director Mr Adrian Griffin.
“Some time has been spent assembling our own database of the historical results. This has provided immense encouragement and not only the confirmed presence of lithium micas in the pegmatites but also the potential size of the bodies and the amenability to large scale open cast mining. The planned mapping and sampling, which will commence next week, is the first step in an evaluation which we anticipate will lead to drilling programs to investigate the mineralisation at depth.”
The company plans to recover lithium in an economically viable way by using the L-Max process.