Boadicea confirms large-scale lithium anomalies at Bald Hill East

 

 

 

 

 

 

 

 

 

In this week’s Proactive Investors, it has been reported Boadicea Resources Ltd (ASX:BOA) has fielded encouraging results from auger drilling at the Bald Hill East tenement in the southern goldfields of WA, confirming the presence of three large-scale lithium anomalies.

The company has rapidly advanced the project since it snapped it up in February, with a view to pinpointing high-quality lithium (spodumene) and tantalum drill targets.

Anomalism identified within Boadicea’s tenement is along strike of the Bald Hill lithium pegmatite mine.

Auger program yields results

The auger program consisted of 346 samples covering around three-quarters of the tenement.

Maximum values for key elements include:

• lithium: 58.6 parts per million (ppm);
• caesium: 18 ppm;
• rubidium: 102.2 ppm; and
• combined lithium, caesium and rubidium: 148.5 ppm.

Proximity to complete processing plant

The Bald Hill Project is only 2 kilometres from the Bald Hill lithium mining and processing operation which includes a complete processing plant.

This plant has produced top-quality spodumene concentrate with a significant tantalum by-product.

Commercial-scale lithium

The Bald Hill region is a known source of commercial-scale lithium-tantalum mineralisation hosted within lithium-caesium-tantalum (LCT) pegmatites.

Other notable Western Australian LCT deposits include Talison Lithium’s Greenbushes mine, Mineral Resources’ Mt Marion and Wodgina mines and Pilbara Minerals’ well-advanced Pilgangoora project.

Analysis by Benchmark Mineral Intelligence released last month has shown the lithium industry needs a massive US$42 billion in investment to meet projected 2030 demand.

Opportunity to be “significant player”

The range of the geochemical analysis of the Bald Hill East lithium anomalies is known to be comparable with similar known surface results that upon drilling have returned significant bedrock lithium mineralisation.

“The results from the auger drilling have confirmed the presence of large lithium anomalous zones within the Bald Hill East licence,” Boadicea managing director Jon Reynolds said.

“The dimensions of the anomalies provide an excellent drill target for pegmatite-hosted lithium mineralisation.

“The company is prioritising advancing all requirements and plans for drilling of the identified zones.

“This project provides the company a significant opportunity to be a significant player in the lithium sector in the very near term.”

Next steps

The focus will now move to permitting and heritage clearances for drilling of these targets to begin.

A program of works for the proposed drilling has been submitted to The Department of Mines, Industry Regulation and Safety (DMIRS) and the company is advancing heritage clearance.

Boadicea securities are 11.11% higher at $0.15.