Astute has established a portfolio of highly prospective lithium-in-claystone exploration projects, strategically located in 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 maiden drilling campaign at Red Mountain, undertaken in Q2 2024, identified a large-scale lithium discovery with holes intersecting thick zones of lithium mineralisation including:
– RMRC008: 25.9m @ 1,120ppm Li / 0.60% Lithium Carbonate Equivalent1 (LCE) from 73.2m
– RMRC010: 33.5m @ 1,260ppm Li / 0.67% LCE from 19.8m
– RMRC004 : 13.7m @ 1,070ppm Li / 0.57% Lithium Carbonate Equivalent1 (LCE) from surface, and 83.8m @ 1,230ppm Li / 0.65% LCE from 16.8m
– RMRC006 : 62.5m @ 1,070ppm Li / 0.57% LCE from 6.1m and 15.3m @ 896ppm Li / 0.48% LCE from 71.6m and 0.1m @ 1,090ppm Li / 0.58% LCE from 89.9m
– RMRC007 : 74.7m @ 1,160ppm Li / 0.61% LCE from 18.3m and
25.9m @ 1,580ppm Li / 0.84% LCE from 115.8m
– RMRC001 : 59.4m @ 1,300ppm Li / 0.69% Lithium Carbonate Equivalent1 (LCE) from 73.2m
Future works for the project include diamond drilling, geological mapping and early metallurgical testing.
