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NickelSearch Take Aim at Carlingup Lithium Project

5 March 2024 11:59

NickelSearch (ASX:NIS) has taken a significant stride towards realising the lithium potential of the Carlingup Project by unveiling several new lithium targets, bringing the total to 14 across the project area.

A total of six new targets were identified from an extensive field campaign that consisted of an extensive soil sampling campaign and the re-assay of historical drilling pulps across 28 previously identified area’s of interest.

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Figure 1: Map showing the 14 lithium drill targets and 30 Areas of Interest still under assessment within the Carlingup tenure.

This latest announcement marks yet another milestone in the ongoing success of the recent exploration campaign, following similar announcements made by the company in January and February.

Taking Aim

Infill soil sampling led to the identification of three drill targets, a 300mx150m strong lithium anomaly with a minor gallium enrichment, a 100m x 150m tin-tantalum-niobium-gallium anomaly and a 150m x 100m lithium-gallium-rubidium-tin anomaly.

Moreover, soil sampling has yielded promising results in several other areas; however, further investigation is needed before these areas can be deemed targets.

The remaining three targets were identified through a comprehensive review of selected historical drilling pulps at the Nindibillup nickel laterite deposit, which returned several anomalous lithium-cesium-tantalum (LCT) results with top grades of 1,036 ppm Li2O, 209 ppm Cs and 21 ppm Ta.

In addition to the reviewed drillholes, the company observed further evidence and indicators of LCT pegmatite mineralisation within the drillhole database.

Room to Grow

The explorer further observed that the latest campaign has barely scratched the surface of the Project’s potential, as it now boasts 30 areas of interest primed for follow-up exploration.

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Figure 2: New acquisition tenements shown in relation to NIS existing tenure

Furthermore, NickelSearch is expediting plans to launch an exploration campaign focused on LCT at the recently acquired Mt Cattlin, with mapping and sampling scheduled for the West Australian project.

Looking Ahead

With a number of compelling drill targets in hand, the company is now in the process of planning its inaugural drill campaign for the Project.

“We have completed the review of the historic drilling database and have identified a number of historic results that are of great interest. At the Nindibillup nickel laterite deposit area, we were able to re-assay historic pulps, and the results confirm anomalous LCT-pegmatite indicators,” Managing Director Nicole Duncan said.

“Regionally we have applied a systematic approach to conducting reconnaissance geological mapping, rock chip sampling and infill soil sampling over selected areas. We will continue to progress and extend our exploration program, which now includes the newly acquired tenements.”

NIS’s Australian Securities Exchange-listed share price is currently trading at $0.035 (11:45 am UTC+ 8 hours).

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