Announcement Date: 2022-06-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Essential Metals Ltd.
Project name: Pioneer Dome
Location: Australia
Commodities: Lithium
Highlight: Drilling results incl. 31.95m @ 1.24% Li2O from 45.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The 450km2 Pioneer Dome Project (ESS: 100%) is located in the core of Western Australia’s lithium corridor in the Eastern Goldfields, approximately 130km south of Kalgoorlie and 275km north of the Port of Esperance. A Mineral Resource1 of 11.2Mt @ 1.21% Li2O has been defined at ‘Dome North’ in the northern area of the Project. The southern Yilgarn area is recognised as being well-endowed with spodumene deposits, including the Bald Hill Mine, the Mt Marion Mine and the Buldania Project, all of which are located within 80km of the Pioneer Dome Project. The world-class Greenbushes Deposit, the Mt Holland Mine and the Mt Cattlin Mine are located further west, south-west and south-south-west, respectively. Increase confidence in the Lithium Mineral Resource Estimate by converting a large part of the Davy deposit and areas across the upper zone of the Cade deposit from the Inferred to Indicated Resource categories by in-fill drilling, measuring the bulk densities and completing metallurgical test work. The assays and mineralogy logged demonstrate that this should be achieved, subject to metallurgical test work, and an update of the Resource is planned for the December quarter.
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