Promising lithium-tin results from Lithium Australia's German project
Lithium Australia NL (ASX:LIT) has announced the preliminary results of its first drilling campaign at Sadisdorf, Germany. The project is a farm-in and JV with Tin International AG, a subsidiary of exchange listed Deutsche Rohstoff AG (FRA:DR0) as partner.
Down the track, LIT anticipates using its proprietary SiLeach® hydrometallurgical lithium processing technology to unlock the potential and value of historical tin-polymetallic deposits such as Sadisdorf.
The project is conveniently located to supply the European battery and electric vehicle market, through recovering lithium from the remnants of conventional tin processing.
LIT’s current drill campaign represents the first at Sadisdorf since 1990, which has a maiden Inferred Resource estimate of 25 Mt @ 0.45 % Li2O (0.32 % Li2O cut-off. The three-hole diamond drill program was designed to confirm historic data and test the outer boundaries of the existing model.
The results from the hole first completed, SDDH-17-02T, are shown below.
Significant intercept of lithium mineralisation,0.32 % Li2O cut-off.
Significant intercepts of tin mineralisation, 0.2 % Sn cut-off.
It should be noted that LIT is in the early stages of exploration here and investors should seek professional financial advice if considering this stock for their portfolio.
The below map shows the lithium mineralisation encountered in drill hole SDDH-17-02T, and for comparison, the historic drill hole B5 (looking south):
LIT also provided a second map showing significant intercepts of tin mineralisation at 0.2 % Sn cut-off:
Once all assays have been received, the JV will undertake a final evaluation of the drill program compared to historic data, using both the drilling program and interpretation of the geochemical data.
Of particular note is the fact that high-grade intercepts (shown in the below table) provide confirmation of the JV’s approach of interpreting Sadisdorf as a polymetallic lithium-tin bearing greisen system:
In commenting on today’s results, LIT Managing Director Adrian Griffin said:
“Firstly, this is a welcome start to our first on-the-ground work at Sadisdorf – placing the Company at the forefront of the bourgeoning battery chemical sector – much of which is European led.
“The mineralisation encountered in the first drill hole strongly supports our vision of unlocking the value of the historic tin-tungsten Sadisdorf mine by adding lithium as an additional value driver, at a location in close geographical proximity to emerging European new era battery markets.
“Our SiLeach® processing technology is ideally suited for processing Sadisdorf’s greisen-style poly-metallic mineralisation which contains abundant lithium micas. With tin increasingly regarded as a strategic technology metal, the tin assays encountered also confirm our view of the potential of Sadisdorf as a significant polymetallic deposit,” he said.