Highlights
The licences are located near the world class Mount Holland lithium project held by Covalent Lithium Pty Ltd, a 50:50 joint venture partnership between Wesfarmers Limited (ASX:WES) and Sociedad Química y Minera de Chile (SQM) and the Rio lithium deposit held by Zenith Minerals Limited (ASX: ZNC) 3 (see Figure 1).
The auger soil sampling was designed to delineate new lithium-caesium- tantalum (LCT) anomalies at the Forrestania Project and to infill and extend lithium soil anomalies previously outlined at the Parker Dome Project 4.
Managing Director and CEO, Neil Marston commented,
“The Company is excited by our latest soil sampling program which has identified four, new lithium anomalies at our Forrestania Project, located just a few kilometres southeast of the recently commissioned world class Mt Holland lithium mine and concentrator.
“These results continue to improve the potential of Flynn’s portfolio of lithium- gold projects in Western Australia. With our focus on the Company’s gold and critical mineral assets in Tasmania, we will actively assess corporate and potential joint venture opportunities for these lithium assets.”
Forrestania Project Soil Sampling Program
Results from the maiden auger soil geochemistry program at the Forrestania Project have been received, outlining four new, large-scale, high priority lithium anomalies5, all with associated elevated pathfinder anomalism (Figures 2-6). The program was completed on Exploration Licence E77/2915, which is located 15km south-southeast of the world class Mount Holland lithium project and 60km south-southeast of the Rio lithium deposit held by Zenith Minerals Limited (see Figure 1).
The first-pass, wide spaced, soil sampling program at the Forrestania Project was designed to target the eastern margin of the Forrestania Greenstone Belt and major structures within interpreted remnant greenstone keels and roof pendants above and within fertile granitoid intrusions (Figure 2). The results have outlined four new, large-scale, high priority lithium anomalies in areas dominated by aeolian, alluvial and sheetwash sand plain cover. The targets overlie distinct magnetic lows interpreted to be associated with major structures and remnant greenstone keels (Figure 3).
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