Skip to content
Finance Investment, Oil Mining Resources

Loyal Lithium (ASX:LLI) Spodumene Pegmatites Discovered at Trieste Lithium Project

Loyal Lithium Limited (ASX:LLI) 2 mins read

Loyal Lithium (ASX:LLI), a leading player in the lithium exploration sector, is thrilled to announce the discovery of five spodumene-rich dykes within the Trieste Lithium Project. Located south of the Trieste Greenstone Belt, these findings mark a significant milestone in the company's ongoing exploration activities.

Key Highlights:

  • The Trieste Project is located in a geologically favorable setting for lithium pegmatite occurrences.
  • Initial work (Phase I) involved detailed data compilation, ensuring all historical work was digitized and incorporated.
  • Airborne geophysical and LIDAR surveys have been conducted to aid in target delineation.
  • An aggressive 16-day prospecting and mapping program has been initiated.
  • Pegmatite outcrops with lithium-bearing minerals have been identified in the first phase.
  • A recommended drilling program includes 5,000 to 10,000 m of coring.
  • Geological modeling is advised due to the nature of pegmatite emplacement.

Loyal Lithium's Managing Director, Mr. Adam Ritchie, expressed his enthusiasm, stating, "These discoveries are a true credit to the Loyal Lithium team and partners. We are passionate about Lithium and on a mission to play a part in the North American Lithium supply chain. Although still very early, we are excited by the potential of this fertile area south of the Trieste greenstone. The discovery of five spodumene-rich dykes gives us great confidence as we accelerate our exploration activities and prepare for drilling."

The spodumene-bearing pegmatite dykes, prominent in the landscape, span a 6 km^2 area. The most western discovery, Dyke #01, has been described as a hill, showcasing the potential scale of these findings.


Upcoming Activities

Loyal Lithium is gearing up for an extensive drilling campaign, a pivotal phase in the project's advancement. The field program will be enhanced, incorporating channel sampling, LiDAR surveys, and high-resolution geophysics to deepen the company's understanding of the geological landscape. The Dahrouge Geological Consulting team will expand to 19 field crew members, supported by at least two helicopters. Samples have been sent to SGS Laboratory for analysis, with results expected in approximately six weeks.


About us:

Loyal Lithium Limited (ASX: LLI) is a well-structured listed resource exploration company with projects in Tier 1 North American mining jurisdictions in the Northwest Territories, Canada, James Bay Lithium District in Quebec, Canada and Nevada, USA. Through the systematic exploration of its projects, the Company aims to delineate JORC compliant resources, creating value for its shareholders.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Finance Investment, Music
  • 13/06/2024
  • 11:23
Vinyl Group Ltd (ASX: VNL)

Vinyl Group Ltd (ASX: VNL) Launches A$5.4 Million Accelerated Entitlement Offer to Fuel Growth

Melbourne, Australia – 13 June 2024 – Vinyl Group Ltd (ASX: VNL), Australia’s only ASX-listed music company, today announced a fully underwritten pro rata accelerated non-renounceable entitlement offer to raise approximately A$5.4 million. This strategic move aims to enhance the company’s growth trajectory and bolster its market presence. Highlights: Significant Cash Reserves: The initiative is set to increase cash reserves by A$5.15 million. Focused Investment: Funds will be allocated to accelerate user acquisition on Vinyl and Vampr platforms, reduce technology costs of the Jaxsta platform, and expand the media business. Strong Backing: The offer is fully underwritten by Peloton Capital,…

  • Contains:
  • Finance Investment, Oil Mining Resources
  • 13/06/2024
  • 10:53
Brazilian Rare Earths Limited (ASX: BRE)

Brazilian Rare Earths Limited (ASX: BRE) COMPLETES $80M PLACEMENT TO ACCELERATE EXPLORATION

Brazilian Rare Earths Limited (ASX: BRE), (BRE) is pleased to advise that it has received firm commitments for a placement of 24.24 million of new fully paid ordinary shares (New Shares) at a price of A$3.30 to raise A$80million before costs (Placement). Proceeds from the Placement will be used to accelerate exploration and development at the Monte Alto, Sulista and Pelé rare earth projects, including exploration drilling, feasibility studies, permitting, and for general working capital and corporate purposes. The issue price of $3.30 per New Share represents a 9.6% discount to the last closing price of $3.65. Canaccord Genuity (Australia)…

  • Contains:
  • Finance Investment, Government ACT
  • 13/06/2024
  • 10:42
Chartered Accountants ANZ

CA ANZ STATEMENT ON SENATE INQUIRY INTO THE MANAGEMENT AND ASSURANCE OF INTEGRITY BY CONSULTING SERVICES

Chartered Accountants Australia and New Zealand (CA ANZ) notes yesterday’s recommendations from the Senate inquiry into the management and assurance of integrity by consulting services. CA ANZ CEO, Ainslie van Onselen, said the close relationship between professionals who are ‘consultants’ and ‘accountants’ is why CA ANZ played an active role in this inquiry. Ms van Onselen said the accounting body is pleased to see a call for the Department of Finance Supplier Code of Conduct to incorporate elements of APES 110 - the Code of Ethics for Professional Accountants (Recommendation 5). “The accountancy profession is the world's only profession subscribing…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.