Lithium Australia has made its maiden move into South Australia’s lithium exploration development sector with the submission of an application over prospective lithium terrain on Kangaroo Island.
Managing Director Adrian Griffin said the move was part of the company’s enlarged Australia-wide search for potentially commercial lithium deposits that would add to its strong domestic holdings throughout WA, NT and Queensland.
“Our broadened nationwide search is designed to de-risk the Company’s lithium exploration portfolio by providing exposure to multiple lithium opportunities across multiple state jurisdictions,” he said.
“The area we have identified on Kangaroo Island, South Australia, shows the hallmarks we are looking for. It is in the right geological environment, has past identification of the lithium mineral suite and has some historic pegmatite mining.”
Mr Griffin also stressed that the area identified on Kangaroo Island brings geographic diversity to the table that is expected to strengthen the company’s portfolio and provide the opportunity to match the best available processing technology with the mineralisation types encountered.
“The South Australia campaign adds to Lithium Australia’s strong and expanding project suite and technological alliances over 2017 with private and government stakeholder alike as well as its 100% ownership of the versatile Sileach processing technology and access to a number of other leading technologies,” he concluded.