Business · Energy & Commodities · 3 hrs ago
Lithium Plus prepares 10-hole drilling campaign at Lei project
Lithium Plus Minerals is preparing a 10-hole drilling campaign at its Lei lithium project in the Northern Territory.
Eight shallow reverse circulation holes will test a secondary pegmatite, a rock formation about 170 metres east of the main deposit.
Two deeper diamond holes will target the main pegmatite and also pass through the secondary one.
Earlier drilling found lithium in the secondary formation, but it has not been explored enough to establish a mineral resource.
The main deposit has an estimated resource of 5.22 million tonnes, and the deeper holes aim to improve confidence in parts of it.
The work is part of studies into a possible direct-shipping-ore operation, with Lei about 80 kilometres by road from Darwin Port.
After the Lei drilling, the company plans to move the rig to its nearby Perseverance target.
Lithium Plus Minerals is preparing a 10-hole drilling campaign at its Lei lithium project in the Northern Territory.
Eight shallow reverse circulation holes will test the Secondary Lei Pegmatite, while two deeper diamond holes will target the Primary Lei Pegmatite.
The campaign aims to test for growth and improve geological confidence in the existing deposit.
The company is also advancing studies on a potential direct shipping ore operation at Lei.
- Who
- Lithium Plus Minerals.
- What
- The company is preparing a 10-hole drilling campaign at the Lei project.
- When
- The campaign is planned; a specific start date is not stated.
- Where
- The Lei lithium project in the Northern Territory.
- Why
- To test growth at the Secondary Lei Pegmatite and improve geological confidence in the Primary Lei Pegmatite.
This story does not have two clearly opposing sides.
We are excited to kick off this next phase of targeted drilling across Bynoe, starting with high-priority growth targets at Lei
This program combines eight shallow RC holes to test the scale of the Secondary Pegmatite with two deep diamond holes aimed at upgrading confidence in the main Inferred resource.
With historic drilling having already confirmed high-grade lithium mineralisation in the Secondary Pegmatite, this campaign is designed to deliver both immediate resource conversion and discovery upside.
The NT Government reported that 15,000 dry metric tonnes from Core Lithium’s nearby Finniss project was being loaded at Darwin Port for export.
Lithium Plus signed a non-binding Heads of Agreement with Darwin Port Operations to guide discussions about potential exports through the port.
A resource upgrade lifted the Primary Lei Pegmatite deposit to 5.22Mt at 1.50% Li₂O.
Lithium Plus plans to drill eight shallow RC holes and two deeper diamond holes at Lei.
- Planned drilling
- 10 holes
- Secondary target
- Eight shallow reverse circulation holes
- Primary target
- Two deeper diamond holes
- Primary Lei resource
- 5.22Mt at 1.50% Li₂O
- Distance to port
- Lei is about 80km by road from Darwin Port
Sources
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