Following recent drilling success, Red Dirt Metals Limited (ASX: RDT) has elected to exercise an option to acquire a substantive package of tenements adjoining the company’s current landholding within the Mt Ida Lithium-Copper-Gold Project area in Western Australia.
The company has issued a notice of exercise to Stuart, Vicki and Daniel Hooper, the legal owners of the tenement.
The Tenement Package comprises approximately 11 sq. km of highly prospective lithium and gold terrain, inclusive of the historical Golden Vale gold mine.
Notably, the acquisition of the Tenement Package also consolidates 100% ownership of Mt Ida Mining Lease M29/165 via the inclusion of the remaining five per cent not currently held by Red Dirt.
Managing Director, Matthew Boyes, said the company considers this acquisition to be highly complementary to its existing suite of tenements at Mt Ida of over 150 sq. km, as it provides a contiguous landholding within the prospective LCT pegmatite zone around the Copperfield granite.
The new tenement area will be incorporated without delay into the recently announced expanded regional exploration strategy at Mt Ida.
Red Dirt recently announced it was planning an expanded and aggressive exploration strategy at its 100% owned Mt Ida Lithium-Gold Project.
The aim is to expand upon significant areas of known LCT (lithium-caesiumtantalum) pegmatites and increase exploration activity systematically across the wider Mt Ida tenement area.
Expanded Exploration Strategy
• Ongoing RC Drilling on resource delineation and expansion of known pegmatites
• Ongoing Diamond Drilling for depth extensions to logged pegmatites and delivery of metallurgical core samples
• Expansion of regional exploration by targeted soil geochemistry programme 2,000+ sites along both the western and eastern corridors
• A two-stage programme of Aircore Drilling of the goldilocks corridor of 320 holes up to 20,000m+ targeting immediate prospects under cover & follow up of soil anomalism.
For further information please visit: https://reddirtmetals.com.au/
