Astute has established an extensive portfolio of highly prospective lithium-in-claystone exploration projects, strategically located in the heart of North America’s lithium ‘hot-spot’ of Nevada. Active exploration programs are underway.
(Schematic cross-section of Polaris holes drilled to date and intersected Siebert formation host rocks.)
The company has completed a maiden drilling campaign at both the Altair and Polaris Projects, with the first hole (AL01) drilled at Altair intersecting two thick zones of lithium in clay mineralisation:
• 33.5m @ 481ppm Li from 80.8m (265ft); and
• 33.5m @ 508ppm Li from 147.8m (485ft) to End-of-Hole (181.4m/595ft).
Drilling at Polaris intersected highly anomalous lithium in clay, highlighting the potential for higher grades nearby.
Surface sampling conducted at the recently staked Red Mountain Project has identified large scale lithium anomalism of up to 1,110ppm lithium, reinforced by rock chip sampling where claystones grade up to 2,190ppm lithium. The Company is in the process of designing and permitting a maiden drilling campaign at this highly prospective project.