Dear Shareholders and Colleagues, Welcome to Adelaide Resources Limited latest company announcement. TWO ADDITIONAL SALT LAKES WITH LITHIUM BRINE POTENTIAL PEGGED IN SOUTH AUSTRALIA Summary 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 applications, ?Lake Florence? (751 km2) and ?Lake Killamperpunna? (361 km2) are located east of Lake Eyre. ? There has been no known previous exploration for lithium brines at either lake, however both were identified in a recently published research paper titled ?A review of Australian salt lakes and associated 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. Click here to download the full announcement (PDF 1.5 MB). Should this link not open, go to the Adelaide Resources Limited website at: www.adelaideresources.com.au and follow the link in Recent News. |