Dear Shareholders and Colleagues, Welcome to Adelaide Resources Limited latest company announcement. ADDITIONAL SALT LAKES WITH LITHIUM BRINE POTENTIAL PEGGED IN SOUTH AUSTRALIA Summary Adelaide Resources has applied for a further exploration licence that builds on its South Australian salt lakes portfolio which is to be investigated for lithium brine potential. ? The 928km2 ?Innamincka Lakes? application, ELA 2016/00068, is situated approximately 70km west of Innamincka. ? The new application captures a cluster of some 20 small salt lakes which were identified in a recently published research paper titled ?A review of Australian salt lakes and associated mineral systems? as having potential for lithium enriched brines due to the high concentration of lithium in the lake catchment areas. ? Despite its geographically isolated location, the Innamincka Lakes tenement benefits from substantial infrastructure established to support the Cooper Basin oil and gas fields. ? A first pass brine sampling programme is planned on the Innamincka tenement, together with other lakes held by the Company, to investigate whether lithium is present at elevated concentrations. Click here to download the full announcement (PDF 0.7 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. |