Oar Resources are expanding its Denchi territory and have submitted applications for five additional tenements at the enlarging lithium project near Wiluna in Western Australia’s Northern Goldfields.
With lithium bearing pegmatites already confirmed, it will expand the project area to beyond a thousand square kilometres of prospective lithium territory.
Located in proximity to multiple established lithium resources, including Liontown Resources’ Kathleen Valley deposit, the first Denchi tenements were granted in November last year, greenlighting an aggressive exploration program for a project now expanded by over 350 per cent.
Applications and granted tenements at Denchi
The company said the tenements would considerably expand its footprint in a highly prospective area.
“Following recent work by our field exploration team, our confidence is further buoyed in the prospectivity of the Denchi Lithium Project,” chief executive Paul Stephen said.
“The presence of several lithium bearing pegmatites within the existing project area has been previously confirmed and there are visual indications of numerous additional potential pegmatites and similar geology in the surrounding areas.”
OAR’s Australian Stock Exchange-listed share price was trading at 0.6c today (6.22 am UTC+ 8 hours).