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Xenora Minerals Ltd (ASX:XRA)

ALERT: Price-sensitive ASX Announcement for XRA
Current share price for XRA : $0.180 -0.145 (-44.62%)+
Announcement
Release
10 Feb 2026 8:20AM
Price at Release
$0.325
Full Release
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Summary
Xenora Minerals Limited is advancing its exploration efforts at the Dudley Lithium Project in South Australia, where recent geochemical results have identified significant new areas of lithium soil anomalism using a four-acid digest method. This method offers more reliable data compared to previous techniques. The project, which could see Xenora increase its stake to 90% through a two-stage farm-in, is located on Kangaroo Island and consists of multiple lithium-bearing pegmatites. Xenora plans further soil sampling and RC drilling in 2026, focusing on high-potential lithium targets. The historical mining area adds to the project's allure, with pegmatites shown to be highly fractionated, possibly containing spodumene.
Key Points
  • Xenora Minerals Limited (ASX: XRA) is pursuing exploration at the Dudley Lithium Project on Kangaroo Island, South Australia.
  • The company is conducting a two-stage farm-in to potentially acquire up to a 90% interest in the project.
  • Recent geochemical results have identified a new zone of anomalous lithium geochemistry in soils, enhancing the prospectivity of the Dudley Lithium Project.
  • The project area is rich with multiple pegmatite systems with lithium mineralisation.
  • A new sampling methodology (four-acid digest) has been shown to provide more robust geochemical anomalies than the previous MMI method.
  • Xenora plans to undertake further soil sampling and a Reverse Circulation (RC) drilling program during the June 2026 quarter.
  • This exploration is key to identifying potential lithium targets within the project area.
  • The Dudley Project has a history of mining and prospecting for lithium tourmalines and kaolin.
  • The pegmatites are highly fractionated and could potentially host spodumene mineralisation.
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.