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Tyranna put the drill to Namibe

18 October 2022 11:24
ASX: TYX
The Tyranna rig drilling for Angolan lithium

Tyranna Resources have fired up the rig in Angola for an inaugural drilling campaign of its Namibe Lithium project, beginning at the top target Muvero prospect.

The 1000-metre campaign is targeting a pegmatite field which has returned grades up to 9.74 per cent Li2O at an average of 3.23 per cent — the large majority showing visual mineralisation.

The first of six holes is well underway, with the explorer hoping results will confirm the occurrence and orientation of the pegmatites while testing the continuity of mineralisation at depth.

Muvero represents a small part of the 200 square kilometre-plus Namibe project, and the campaign will provide information vital to planning follow-up drilling across its entirety and potentially be included in a subsequent resource drill-out.

Drilling is expected to wrap up by the end of next month with results expected between December and February.

TYX’s Australian Stock Exchange-listed share price has risen 14.63 per cent today, currently selling at 4.7c (11.23 am UTC+ 8 hours).

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