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Tyranna close in on Angolan Lithium

6 December 2022 11:28
ASX: TYX

Tyranna Resources have closed out drilling at its Muvero prospect in the Namibe Lithium project, intersecting visible mineralisation in the majority of the campaign’s nine-holes.

It confirms lithium is below surface and will provide the basis for an optimised campaign in the new year.

The 547.2-metre maiden campaign kicked off in early October targeting a 25-by-10-kilometre pegmatite field containing approximately 600 exposed pegmatites, with the company being able to hit a 20-metre wide intersection of lithium mineralisation last month.

Core-cutting and sampling have been completed, with samples being crushed and pulverised to prepare 100g sub-sample pulps expected to arrive in Australia for further analysis by the end of the month.

And a new exploration avenue was revealed at Muvero, with samples taken from an unknown pod of minerals showing extremely high caesium concentrations up to 37.88 per cent and confirming the presence of pollucite, the only mineral where such high concentrations occur.

Pollucite is exceedingly rare, the world’s entire production comes from just three mines, with Canada’s Bernic Lake contributing over 80 per cent on its own, and this scarcity provides another lucrative reason for follow-up.

The early results have added credence that Muvero hosts a significant lithium deposit, and with the additional presence of pollucite, the company have already begun planning next year’s campaign.

Tyranna expects assay results in February next year, set to provide valuable data as it prepares to kick off its next phase of Angolan exploration.

TYX’s Australian Stock Exchange-listed share price is trading at 2.7c (11:24 am UTC+ 8 hours).

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