Lightning Minerals reports high lithium and rubidium levels at Dundas South Proactive - Interviews for investors

Lightning Minerals Ltd (ASX:L1M) managing director Alex Biggs joins Proactive’s Jonathan Jackson to discuss promising results from aircore drilling at Dundas South, Western Australia. The exploration initiative, which concluded in February 2024, consisted of 96 holes totalling 3,820 metres, primarily targeting lithium and rubidium. Assay have confirmed significant occurrences of lithium (up to 994ppm) and rubidium (up to 1,834ppm) at depths reaching 26 metres. This work builds on and enhances the understanding of previously identified mineral anomalies.

Biggs expressed optimism about nearing a potential lithium source, citing the methodical exploration strategy encompassing geophysics, soil sampling and drilling as pivotal in pinpointing key areas. The company plans continued exploration to further these findings.

The recent drilling highlighted three key areas showing elevated lithium and pathfinder element levels, suggesting potential pegmatite systems that could support lithium enrichment. Specific drill sites have shown geological features indicative of hydrothermal activities favourable for lithium, with one drill hole displaying particularly high lithium concentrations in an unusual lithology, indicating further investigation is needed to understand the underlying causes of these anomalies.

Additionally, Lightning Minerals is expanding its footprint by acquiring new projects in Brazil’s Lithium Valley and Quebec, Canada, aiming to bolster its exploration strategy across globally significant lithium districts.

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