Askari Metals has had additional exploration licences granted for its Yarrie Lithium Project in the Pilbara region of Western Australia, paving the way for the commencement of initial exploration campaigns.
Askari will be able to mobilise into the field as soon as practical with the granting of E45/6117 and E45/6119, in addition to the previous grant of E45/6118.
The Yarrie project spans 1,711km² across a single contiguous area within the highly prospective region of the Pilbara, known for delineating some of the world’s largest lithium deposits.
Askari Metals’ Managing Director, Gino D’Anna, said the granting of E45/6117 and E45/6119 provides Askari with the ability to commence exploration works on what it considers to be its core licences at the Yarrie project.
“This is a significant milestone which has been achieved and demonstrates Askari’s continued progression within the lithium sector in the highly prospective eastern Pilbara region.
“We expect further exploration licences to be granted in due course in line with our previous guidance. At the same time, the company continues to develop relationships with key stakeholders and interested parties to ensure timely access for exploration.”
Mr D’Anna said that Askari looks forward to providing further updates as the remainder of its exploration licence applications progress.
Askari’s Yarrie Lithium Project is located in the eastern Pilbara and is adjacent to and along strike of significant hard-rock lithium deposits. Due to its favourable location and underlying geology, the project is considered highly prospective for hard-rock lithium mineralisation in pegmatites.
The E45/6118 and newly granted E45/6117 and E45/6119 form part of the core group of licences based on geological structures, anomalism and previous exploration conducted by Askari.
The Phase One field campaign generated eleven lithium and LCT-type pathfinder mineralisation target areas, with five considered high-priority.
The five targets will be the initial focus of the Phase Two exploration campaign which includes auger soil sampling and Aircore drilling, with grids already designed.
Results from the campaign will be used to refine future exploration programs as Askari seeks to progress the Yarrie Lithium Project towards RC drilling.
With the grant of the exploration licences, Askari plans to mobilise its team to the field to conduct follow-up exploration on the targets that were generated through the Phase One exploration campaign and the previously completed Hyperspectral Survey.