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Oceana Metals Limited (ASX:OCN)

ALERT: Price-sensitive ASX Announcement for OCN
Current share price for OCN : $0.345 0.03 (9.52%)+
Announcement
Release
22 Jan 2026 8:24AM
Price at Release
$0.315
Full Release
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Summary
Oceana Metals Limited has completed a trenching and sampling program at the Solonópole lithium project in Brazil. The project involves seven exploration permits over 124 km² in Ceará, Brazil, and is managed by Oceana’s subsidiary, Ceará Litio. The recent trenching work, aimed at confirming fertile LCT pegmatites, included seven trenches totaling 526m. 88 samples were collected for analysis, with assay results expected in the first quarter of 2026. The project is strategically located near Fortaleza and Pecém port. The company's findings will influence future exploration strategies, considering the positive outlook for lithium prices.
Key Points
  • Trenching and mapping program completed at Solonópole lithium project.
  • 88 pegmatite-bearing samples collected, 50 sent for chemical analysis.
  • Solonópole Project covers seven exploration permits over 124 km² in Ceará, Brazil.
  • Results expected in first quarter of 2026.
  • Project located near Fortaleza and Pecém, with good infrastructure.
  • Exploration results to guide future project strategy amid favorable lithium market conditions.
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.