Promising lithium-tin results from Lithium Australia's German project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Lithium Australia NL (ASX:LIT) has announced the preliminary results of its first drilling campaign at Sadisdorf, Germany. The project is a farm-in and JV with Tin International AG, a subsidiary of exchange listed Deutsche Rohstoff AG (FRA:DR0) as partner.
Down the track, LIT anticipates using its proprietary SiLeach® hydrometallurgical lithium processing technology to unlock the potential and value of historical tin-polymetallic deposits such as Sadisdorf.
The project is conveniently located to supply the European battery and electric vehicle market, through recovering lithium from the remnants of conventional tin processing.
LIT’s current drill campaign represents the first at Sadisdorf since 1990, which has a maiden Inferred Resource estimate of 25 Mt @ 0.45 % Li2O (0.32 % Li2O cut-off. The three-hole diamond drill program was designed to confirm historic data and test the outer boundaries of the existing model.
The results from the hole first completed, SDDH-17-02T, are shown below.
Significant intercept of lithium mineralisation,0.32 % Li2O cut-off.
Significant intercepts of tin mineralisation, 0.2 % Sn cut-off.
It should be noted that LIT is in the early stages of exploration here and investors should seek professional financial advice if considering this stock for their portfolio.
The below map shows the lithium mineralisation encountered in drill hole SDDH-17-02T, and for comparison, the historic drill hole B5 (looking south):
LIT also provided a second map showing significant intercepts of tin mineralisation at 0.2 % Sn cut-off:
Once all assays have been received, the JV will undertake a final evaluation of the drill program compared to historic data, using both the drilling program and interpretation of the geochemical data.
Of particular note is the fact that high-grade intercepts (shown in the below table) provide confirmation of the JV’s approach of interpreting Sadisdorf as a polymetallic lithium-tin bearing greisen system:
In commenting on today’s results, LIT Managing Director Adrian Griffin said:
“Firstly, this is a welcome start to our first on-the-ground work at Sadisdorf – placing the Company at the forefront of the bourgeoning battery chemical sector – much of which is European led.
“The mineralisation encountered in the first drill hole strongly supports our vision of unlocking the value of the historic tin-tungsten Sadisdorf mine by adding lithium as an additional value driver, at a location in close geographical proximity to emerging European new era battery markets.
“Our SiLeach® processing technology is ideally suited for processing Sadisdorf’s greisen-style poly-metallic mineralisation which contains abundant lithium micas. With tin increasingly regarded as a strategic technology metal, the tin assays encountered also confirm our view of the potential of Sadisdorf as a significant polymetallic deposit,” he said.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
