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Fulcrum Lithium Ltd (ASX:FUL)

ALERT: Price-sensitive ASX Announcement for FUL
Current share price for FUL : $0.072 -0.026 (-26.53%)+
Announcement
Release
26 May 2026 9:31AM
Price at Release
$0.098
Full Release
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Summary
Fulcrum Lithium Ltd has reported significant geophysical findings at its Dry Canyon lithium project in Nevada, USA. A Controlled-Source Audio-Frequency Magnetotelluric (CSAMT) survey has identified extensive lithium claystone targets over 500 meters thick. In response to these promising results, Fulcrum has expanded its claims by 335 to secure a total of 536 lode claims, spanning approximately 45 square kilometers. The project is now set to progress with a maiden drill program to test these identified targets. The survey data suggests a substantial potential for a major lithium discovery, bolstered by similarities with the company's Alkali Flats project. Further drilling will refine the geological understanding and potential of this promising site.
Key Points
  • CSAMT survey identified thick lithium claystone targets in Dry Canyon.
  • Project expanded by 335 claims to a total of 536 lode claims, covering 45km².
  • Upcoming maiden drill program to test identified targets.
  • Dry Canyon shows potential for large scale lithium discovery.
  • Dry Canyon project is located in Lander County, Nevada, USA.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.