FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Octava take aim at Pilbara lithium

21 September 2022 09:51

Having just kicked off trading on the ASX last week with a six million dollar IPO, Octava Minerals has laid out its plans to strike into the earth and the landscape of public investment.

The explorer hold a trio of projects set in Western Australia’s proven mining territory, targeting lithium, gold, nickel and platinum group metals with the right rocks and prime nearby discoveries.

The biggest is East Pilbara, covering 211 square kilometres of land host to a Pinnacle Well lithium prospect ten kilometres south from the Archer lithium deposit and its 10.5 megatonne resource at 1 per cent lithium oxide.

East Pilbara also includes the Talga gold prospects, located within the same greenstone stratigraphy and structures as the nearby 1.5 million ounce Warrawoona gold mine.

Other projects are smaller in size, but no less compelling, with East Kimberly lying immediately along strike from Future Metals’ Panton PGM-Ni project recently upgraded to the second largest of its kind in the nation.

While its portfolio is prospective for a wide range of metals, the company said East Pilbara’s lithium stands strong as an immediate focus.

“For lithium, the market is very good,” chief executive Bevan Wakelam said.

“Governments around the world are setting emissions targets and to meet those targets the minerals we are focusing on are going to have good demand for the foreseeable future.”

Octava have early exploration already in progress, with drilling at Talga expected to fire up by the end of the quarter.

OCT’s Australian Stock Exchange-listed share price has risen 2.8 per cent today, currently trading at 22c (9:18 am UTC+8 hours).

MORE NEWS

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This