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Pinnacle Minerals Ltd (PIM:ASX) – Lithium and Uranium Exploration Update

Pinnacle Minerals Ltd (PIM:ASX) 2 mins read

Pinnacle Minerals Ltd (PIM:ASX), ASX listed technology minerals company, is excited to share a comprehensive update on its recent exploration activities at the Manna West Lithium Project in Western Australia and the Wirrulla Uranium and Rare Earth Project in South Australia.

Rapid Advancements at Manna West Lithium Project

Within just four days of signing the option agreement, Pinnacle Minerals has successfully completed an extensive soil sampling program across the Manna West Lithium Project. A total of 215 soil samples have been dispatched to LabWest for cutting-edge Ultrafine™ assay analysis. This ambitious initiative aims to assess the potential for lithium, gold, and rare earth mineralization within the project area. Assay results are anticipated within the next five to six weeks, which will play a crucial role in determining the company's decision to proceed with the acquisition of the project.

Strategic Exploration at Wirrulla Uranium and Rare Earth Project

Simultaneously, Pinnacle Minerals has conducted a field trip to the Wirrulla Uranium and Rare Earth Project, marking significant progress in its exploration efforts. The team reported favourable access conditions across the Narlaby Paleochannel, a promising site for uranium mineralization. Negotiations for land access agreements with local landholders are underway, laying the groundwork for an upcoming uranium drilling campaign. The company is in the process of obtaining the necessary permits and will provide timely updates on its progress.

Review and Analysis of Historical Core

Further enhancing its exploration strategy, Pinnacle Minerals has undertaken a review of historical core samples from the Wirrulla Project. A selection of 53 holes has been forwarded to Challenger Geological Services for detailed XRF analysis. This analysis is expected to identify samples for re-assay for rare earth elements (REEs), with the aim of identifying ionic absorption clays containing rare earth mineralization and delineating new drilling targets for 2024.

Pinnacle Minerals Managing Director, Nic Matich, commented:

“Pinnacle has moved rapidly to evaluate the Manna West Lithium Project and will use the pending assay results to determine if it will be folded into the Companies project portfolio. Sound progress at the Wirrulla Uranium and REE Project has been made with stakeholders indicating that access to key areas of interest for uranium mineralisation will be granted, thus facilitating a 2024 drilling campaign”.

About us:

Pinnacle Minerals Ltd (PIM:ASX) is an ASX listed technology minerals company focused on delivering shareholder value via the systematic exploration and development of its portfolio of battery and technology metals projects in Canada, Western Australia and South Australia. Pinnacle aims to deliver exploration success via systematic and geologically rigorous techniques. The Company’s focus is the “Adina East Project” in James Bay, Quebec which is proximal to the world class Adina Lithium Project (Winsome Resources: WR1:ASX) and adjacent to the Trieste Lithium Project (Loyal Lithium: LLI:ASX) and the Tilly Lithium Project (WR1:ASX). The Company’s Australian exploration assets are prospective for Uranium, Rare Earth Elements, Mineral Sands and Kaolin.

Contact details:

Jane Morgan


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