Core Exploration (ASX:CXO) has found a number of areas prospective for lithium pegmatites in Australia’s Northern Territory. Historically, mining and exploration in pegmatites in this region has been focused on tin and tantalum mineralization.
As quoted in the press release, highlights of the news included:
- Building on Core’s expertise and early mover advantage in the NT the Company has identified highly prospective lithium rich pegmatite fields
- Core’s extensive review has recognised the potential of lithium rich pegmatites, previously mined for tin (and tantalum) in the Northern Territory
- Spodumene and other lithium mineralisation has been previously identified in pegmatites in the NT, but historically mining and exploration has been focussed on the associated tin‐tantalum mineralisation
- Recent Chinese Joint Venture on Core’s Blueys Project in the NT enables Core to refocus resources on NT lithium prospectivity
- Lithium is a new age metal currently used in advanced battery technology
- Further updates will be provided to the market over coming weeks
Click here for the full press release.
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