Askari Metals (ASX:AS2) has completed the acquisition of the Hillside Lithium Project, increasing its strategic footprint in Western Australia’s emerging Eastern Pilbara lithium region to approximately 2,300sq. km.
Hillside is situated in the greater Tambourah area, which is currently a hive of activity for Lithium-Caesium-Tantalum pegmatite exploration, with multiple companies uncovering evidence of lithium mineralisation within the large pegmatite swarms.
Askari believes Hillside has the potential for a greenfields lithium discovery, with the project area under-explored and never drill tested but situated along strike and adjacent to EFE’s Trigg Hill and East Curlew Projects.
“The Hillside Lithium Project forms an integral component to the company’s eastern Pilbara lithium portfolio in Western Australia,” Executive Director, Gino D’Anna, said.
“We believe the exploration potential of this project is significant, highlighted by the recent exploration success at the Tambourah Lithium Project owned by Riversgold Limited and the Tambourah North Lithium Project owned by Trek Metals Limited. This area is seeing a lot of dedicated lithium exploration and is a hive of activity.
“The Hillside Lithium Project is also located adjacent to and along strike of the Trigg Hill and East Curlew lithium projects owned by Eastern Resources Limited. Recent exploration conducted by EFE in this area has highlighted significant LCT-type pegmatite swarms that can be clearly traced into our Hillside project.
{Strategically the Hillside project is perfectly located and is highly complementary to our existing eastern Pilbara lithium assets.
We recently sent a team into the field at the Hillside Lithium Project and look forward to keeping our shareholders and investors informed as we receive results from the recent field programme.”
Planned Exploration
The company has mobilized a team from specialist geological consulting group Terra Search to complete an initial reconnaissance sampling campaign of the outcropping pegmatites across the Hillside Lithium Project.
The results of this work will assist the company in planning the next phase of exploration, which will include further rock and soil geochemical surveys in certain areas, as well as the use of Sentinel satellite imagery to delineate target indicator minerals.
An RC and Air Core drilling exploration campaign is also proposed based on the outcome of the initial field exploration.
For further information please visit: https://www.askarimetals.com/
