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Kidman Resources Ltd.
Summary
| Project: | Mt Holland | |
|---|---|---|
| Deposit: | Earl Grey | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-12-2017: Kidman Resources Ltd. announces an Exploration/Drilling Update report for its Earl Grey deposit at the Mt Holland project. Drilling results incl. 17.6m @ 1.67% Li2O from 146m. The Board of Kidman Resources Limited (Kidman or the Company) is pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: M. Green (Internal) | |
| ABSTRACT: | The Board of Kidman Resources Limited (Kidman or the Company) is pleased to announce that the first pass of its exploration program at the Bounty prospect, 3.5km south-east of the world-class Earl Grey lithium deposit, has intersected multiple pegmatites enriched in lithium and tantalum. The intersections at Bounty have demonstrated geological and mineralisation continuity, and will be tested further with a follow-up program in 2018 with the aim of defining a second Mineral Resource at the Mt Holland Integrated Lithium Project. Significant intercepts of lithium and tantalum in Bounty’s KBYD001 and KBYD002 include. Kidman’s Managing Director, Martin Donohue, said: “Early indications at Bounty are extremely encouraging with the intersections demonstrating the hallmarks of a potentially significant discovery in its own right. “Importantly and strategically, Bounty has the potential to be an important additional source of material for the Mt Holland Integrated Lithium Project, on the basis that our program in 2018 demonstrates the same type of early results achieved from this first pass program. Combined with what we already know about Earl Grey, the Mt Holland Lithium Joint Venture is shaping as a robust and long-term supplier of lithium to an ever-demanding global battery market. While these results are clearly encouraging, our core focus will remain to progress the Earl Grey lithium deposit.” | |
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