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Friday 21 June 2024

Errawarra Resources (ASX:ERW) discovers lithium-bearing pegmatites

Mineral explorer Errawarra Resources (ASX:ERW) closed up 63% on news it had discovered a large stacked lithium-bearing pegmatite swarm at its Andover West  Project in Western Australia.

  • Errawarra identifies large (~ 1.6km x 1km) stacked pegmatite swarm at Andover West
  • Highly anomalous Li Soil trend (peak 325ppm Li2O) highlighted
  • Stacked, low angle, north dipping pegmatite packages mapped
  • Second strong anomalous Li soil trend (peak 299ppm Li2O) Li soil trend also highlighted in NW area
  • Andover Heritage Clearance Survey scheduled to be undertaken in May
  • Planning for a drill program is underway
  • Field teams mobilised to the Pinderi Hills JV with sampling underway

Executive Chairman Thomas Reddicliffe commented: “We are excited not only by the recognition of this large pegmatite swarm which lies adjacent to Azure Minerals Andover project but also because we can now focus on the lithium fertile zones within these broad pegmatite packages. We believe that we may have only hit the tip of the iceberg with these lithium fertile zones within the pegmatite packages and with their shallow dips we have the opportunity to explore for higher grades down dip. Being along strike and in proximity to the Raiden lithium pegmatites we are optimistic of our chances and keen to do some exploratory drilling.”

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