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Kali Metals Limited (ASX:KM1)

ALERT: Price-sensitive ASX Announcement for KM1
Current share price for KM1 : $0.071 -0.064 (-47.41%)+
Announcement
Release
6 Aug 2024 11:18AM
Price at Release
$0.135
Full Release
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Summary
Kali Metals Limited announced preliminary findings from a review of historic drill cores at the Spargoville Project, revealing multiple spodumene occurrences. The review is 51% complete and has focused on the area around the Spargo’s Reward open-pit gold mine. The results suggest numerous pegmatite trends with potential lithium deposits. Additionally, initial results from a geophysical review of the Higginsville Lithium Project have identified multiple new areas of interest. The company also reported successful initial reverse circulation drilling at the Widgiemooltha Project, with significant lithium intercepts. Encouraged by these findings, Kali Metals is focusing on generating and ranking new drill targets.
Key Points
  • Preliminary findings from historic drill core review at Spargoville reveal multiple spodumene occurrences.
  • Review is 51% complete, focused on Spargo’s Reward open-pit gold mine area.
  • Results suggest numerous pegmatite trends with potential lithium deposits.
  • Initial geophysical review of Higginsville Lithium Project identifies multiple new areas of interest.
  • Successful initial reverse circulation drilling at Widgiemooltha Project, with significant lithium intercepts.
  • Company focusing on generating and ranking new drill targets.
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.