Lithium Australia has announced preliminary results of its first drilling campaign at Sadisdorf in Germany – a farm-in and JV with Tin International AG, a subsidiary of exchange listed Deutsche Rohstoff as partner.
|Drill rig at Sadisdorf|
Lithium Australia intends to use its wholly-owned and proprietary SiLeach® hydrometallurgical lithium processing technology to unlock the lithium potential and value of historical tinpolymetallic deposits such as Sadisdorf – which is ideally located to supply the European battery and electric vehicle market – by recovering lithium from the residues of conventional tin concentration processes.
The new results represent the first drilling at Sadisdorf since 1990 and follows a maiden Inferred Mineral Resource estimate of 25 Mt @ 0.45 % Li2O (0.32 % Li2O cut-off).
The now completed three-hole diamond drill program was designed to confirm historic data and test the outer boundaries of the mineral resource model.
Managing Director of Lithium Australia, Adrian Griffin said that this was a welcome start to the 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”, said Mr Griffin.
“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.”