Highlights:
-
o Initial Maiden Resource Estimate of 12.7Mt @ 1.2% Li2O reported in
o Granted
- Newly reported drilling results include:
o 27m @ 1.3% Li2O from 848m in IDRD245
o 21.2m @ 0.5% Li2O from 561.1m in SPRD045
o 20.9m @ 1.4% Li2O from 675.4 m in IDRD036N2
o 17.8m @ 1% Li2O from 477.9m in SPRD041N2
- 5 Rigs demobilised leaving 3 rigs continuing with exploration, engineering, metallurgy and hydrology holes, whilst the Resource Update is prepared.
Resource drilling is slowing down at Mt Ida in preparation for a Mineral Resource Update scheduled for
Commenting on the results Executive Chairman,
"This is now bringing us towards the end of the resource drilling to support a new mining operation from Q4
The team have worked unbelievably hard and I am so proud of them all. Very few mining companies have achieved so much with so few.
A true speed to market strategy requires running multiple tasks in parallel accross mining, marketing, approvals, process engineering and exploration. Its not just moving quickly its about being attentive, responsive and making lots of decisions.
That means our shareholders get the best opportunity for exposure to the highest possible pricing" To date the Company has completed 471 holes for 97,965 metres (within calendar year 2023) at Mt Ida.
This announcement relates to results received from 28 Diamond Drill holes (DD). A further 40 holes from the
Infill results from Mt Ida further demonstrate quality Lithium intercepts from the
An aggressive program of infill and extensional drilling is coming to a close at Mt Ida. Much of the drilling has been designed to upgrade the resource from inferred to indicated classification.
Results received from Sister Sam and Timoni continue to demonstrate consistent high-grade lithium mineralisation. These results are progressively increasing confidence in the mining plans that are under development in advance of the final granting of the Mining Proposal that has been submitted to the Western Australian
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/573G3ZC7
About
Delta Lithium also holds the highly prospective
Contact:
Chairman
T: +61 8 6109 0104
E: info@deltalithium.com.au
Citadel-MAGNUS
T: +61 402 347 032
T: +61 411 564 969
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