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Mineral Resources Ltd.
Summary
| Project: | Wodgina | |
|---|---|---|
| Deposit: | Wodgina | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 3/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-3-2017: Mineral Resources Ltd. announces an Exploration/Drilling Update report for its Wodgina deposit at the Wodgina project. Drilling results incl. 135m @ 1.9% Li2O from 179m. Mineral Resources Limited (ASX: MIN) (“MRL”), are pleased to announce an e | |
| Resources: | (Resource, I+I): 65Mt @ 1.38% Li2O at Wodgina (0.5% Li2O cut-off) | |
| CP/QP: | [Overall Report]: Steven Batty (Internal) | |
| ABSTRACT: | Mineral Resources Limited (ASX: MIN) (“MRL”), are pleased to announce an exploration update and significant Li2O intervals from an on-going exploration drilling program at the Wodgina Lithium Project, carried out between September 2016 to present. The exploration drill program has to date been successful in intercepting high grade Li2O pegmatites, from which two resource estimates for the Wodgina Lithium project have been generated. The first 25Mt at 1.38% Li2O from the Cassiterite pit (refer to MIN ASX announcement dated 17/02/2017) and the second an upgrade to 65Mt at 1.38% Li2O from a 40Mt maiden resource from the Cassiterite NE prospect, in addition to the Cassiterite pit (refer to MIN ASX announcement dated 02/03/2017). MRL are confident of increasing the resource, based on further exploration, continuity of geology and significant pegmatite intercepts. Recent drill holes, WLRC0113 and WLRC0114, located to the western end of the Cassiterite NE prospect, have intercepted significant pegmatite intervals >100m thick and with potential to extend the Cassiterite NE resource a further 120m (refer to Long section 01). Pending heritage clearance, further step out and regional drilling will be undertaken to assess the prospects greater potential. | |
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