| Lithium brines potential expanded with two new salt lakes pegged | |
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Adelaide Resources has applied for exploration tenure over two further South Australian salt lakes which may have potential for lithium brines.
The Lake Florence and Lake Killamperpunna tenement applications add to existing lithium brine portfolio tenements over Lake Acraman and Lake Gilles.
Exploration licence application, 'Lake Florence' (751 sq kms) ELA 2016/00062 and 'Lake Killamperpunna' (361 sq kms) ELA 2016/00063 are located east of Lake Eyre.
There has been no known previous exploration for lithium brines at eitehr lake, however both were identified in a recently published research paper titled 'A review of Australian salt lakes and asociated mineral systems' as having potential to host lithium enriched brines due to the high concentration of lithium in the lake catchment areas.
A preliminary, low cost, sampling programme to investigate whether lithium is present at elevated concentrations in the lake brines and sediments is planned.
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Lithium brines potential expanded with two new salt lakes pegged
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VanEck Vectors Global Alternative Energy ETF
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DEVELOPMENT STAGE |
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CODE : ADN.AX |
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ISIN : AU000000ADN0 |
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Adelaide Res. is a gold and copper exploration company based in Australia. Adelaide Res. develops gold, copper and zircon in Australia, and holds various exploration projects in Australia. Its main asset in development is TRIPITAKA in Australia and its main exploration properties are ROVER PROJECT, MOONTA, SOUTH MOUNT WOODS and COLONA JV in Australia. Adelaide Res. is listed in Australia and in Germany. Its market capitalisation is 379 538 as of today (US$ 254 518, € 234 971). Its stock quote reached its highest recent level on December 31, 1996 at 4.52, and its lowest recent point on May 10, 2019 at 0.01. Adelaide Res. has 47 442 200 shares outstanding. |