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Highlights:
- Shallow pegmatites have been recorded in all RC holes completed with up to 25 metre thickness below the surface;
- Multiple stacked pegmatites have a combined strike length of over 1.5 km, these areas remain untested by drilling.
Significant drill assays include:
- Drillhole TM23RC022:
1m @ 1.45% Li2O, 1,285 ppm Rb, 136 ppm Cs & 65 ppm Ta from 66m.
7m @ 79 ppm Ta from 61m. - Drillhole TM23RC023:
8m @ 118 ppm Ta from 70m. - Drillhole TM23RC025:
5m @ 84 ppm Ta from 0m
1m @ 0.88% Li2O & 1,210 ppm Rb from 15m.
3m @ 81 ppm Ta from 21m.
1m @ 0.91% Li2O & 1,050 ppm Rb from 22m. - Drillhole TM23RC026:
3m @ 0.99% Li2O & 1,250 ppm Rb, 100 ppm Cs & 110 ppm Ta from 19m including 1m @ 1.41% Li2O & 1,045 ppm Rb & 81 ppm Ta from 20m.
22m @ 91 ppm Ta from 17m.
2m @ 1.38% Li2O & 1,258 ppm Rb, 125 ppm Cs & 105 ppm Ta from 30m including 1m @ 2.10% Li2O, 1,060 ppm Rb, 119 ppm Cs & 80 ppm Ta from 31m.
"Infinity should be congratulated on the identification and ongoing development of a mineralised Lithium-Caesium-Tantalum (LCT) system at Tambourah South. Located in the East Pilbara region of
Macarthur holds 21.65% of the issued equity and is the largest shareholder in Infinity, which is an Australian mining exploration company focused primarily on renewable rare earth minerals in
Macarthur's spinoff to Infinity Mining, of its non-core renewable energy assets in 2021 has allowed the Company to commit its full focus to its flagship
The full release can be found here.
Released On behalf of the Board of Directors, Mr
Macarthur is an iron ore development, and lithium exploration company that is focused on bringing to production its
The Mineral Resource and Ore Reserve estimates presented above have previously been released to the ASX on
Certain of the statements made and information contained in this press release may constitute forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, including but not limited to statements regarding expected completion of the Feasibility Study; conversion of Mineral Resources to Ore Reserves or the eventual mining of the Project, are forward-looking statements. The forward-looking statements in this press release reflect the current expectations, assumptions or beliefs of the Company based upon information currently available to the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and no assurance can be given that these expectations will prove to be correct as actual results or developments may differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include but are not limited to: unforeseen technology changes that results in a reduction in iron or magnetite demand or substitution by other metals or materials; the discovery of new large low cost deposits of iron magnetite; the general level of global economic activity; failure to complete the FS; inability to demonstrate economic viability of Mineral Resources; and failure to obtain mining approvals. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and except as may otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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