Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Metals Australia Ltd.
Project name: Manindi
Location: Australia
Commodities: Lithium,Rubidium
Highlight: Drilling results incl. 16m @ 1.12% Li2O, 0.32% Rb from 19m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Metals Australia Ltd (ASX: MLS) (MLS or the Company) is delighted to announce results from the first seven, of up to 45 holes being drilled to test lithium bearing pegmatites at the Company’s Manindi Project (“Manindi” or “Project”). Manindi is located 20 km southwest of the Youanmi Gold Mine in the Murchison District of Western Australia (see location, Figure 1). A total of 33 RC holes for 2,635m have been completed to date of the minimum 3,500m reverse circulation (RC) drilling program to systematically test the key LCT pegmatites discovered at Manindi. These results are from only the first seven holes that tested the lower grade, western end of the 500m strike length Foundation Pegmatite (Figure 1). Significant lithium-rubidium results were produced from all seven holes and the two eastern most holes from the start of the higher-grade part of the Foundation Pegmatite produced thick and high-grade intersections that include The intersections in drillholes MNRC042 and MNRC043 correlate with the western end of the highest-grade part of the Foundation Pegmatite (see Figure 1), where previous rockchip sample results indicate grades ranging from 1.2% Li2O to 2.3% Li2O
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