Additional Lithium Tenements Acquired in WA
Brisbane, Mar 30, 2016 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) is pleased to announce that it has continued to develop its lithium exploration strategy with two new tenement applications in the Pilgangoora district, Western Australia (Figure 1, see link below).
Highlights:
- Two new tenements prospective for lithium secured in Pilgangoora district, Western Australia
- Targeting rare metal pegmatites, previously unexplored for lithium
- Expands lithium tenements in the Pilgangoora district to five covering 624 km2
The new project areas at Friendly Creek (ELA47/3475) and West Wodgina (ELA45/4726) cover 339km2, and secure areas of past tin and tantalum prospecting activity (Figure 2, see link below). The bedrock rare metal pegmatite hosts have not been subject to modern exploration or assessment for their lithium potential. The project areas show similarities with the tin pegmatites at Mt Cassiterite in the Wodgina field which host spodumene bearing albite pegmatites, the Company's target exploration focus.
Commencement of field exploration over the Pilbara projects is planned to commence shortly.
The acquisition is complementary to the Company's recent strategy shift to focus on both graphite and lithium exploration, and develop the raw materials required for the production of lithium-ion batteries (ASX release, Strategic Entry in to the Western Australian Lithium Market, 17 March 2016). Further acquisitions to further this aim are anticipated.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/6KS8AJ4Q
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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