First drilling since 1990 expected to increase resource confidence and tonnage
Mannheim/Leipzig/Perth. The Joint Venture of Tin International AG and Lithium Australia NL (ASX: LIT) has commenced a diamond drilling program at the Sadisdorf project. Lithium Australia, a Perth-based company, has the right to earn up to 50% of the project by spending a total of EUR 2 million on exploration.
The 460 m program consists of two holes and aims to provide additional validation of the historical exploration work in order to increase the confidence level of future mineral resource estimates towards indicated status and potential further resource inventory growth. It will also generate core samples for further metallurgical testwork.
The drilling campaign follows last week’s announcement of a maiden JORC 2012 Inferred Mineral Resource of 25 million tonnes grading 0.45% Li2O (cutoff: 0.3% Li2O) for the Sadisdorf project.
Mannheim, 12 December 2017