(via NewsDirect)
Stalker said the campaign unveiled high-grade lithium intersections, notably in the Morningstar South target, with lithium grades reaching 3-4% over substantial meterage. He emphasized the strategic significance of these findings, particularly considering the current challenging lithium market.
The San Domingo district, spanning 23 square kilometres, features lithium in core spodumene form, which is notably easier and more efficient to recover. The shallow depth of these lithium deposits suggests potential for open-pit mining, a more cost-effective approach than deep mining. This aspect aligns with the company's strategy to minimize exploration costs in a tough market environment.
To navigate the turbulent lithium market,
Stalker anticipates a "third wave" in the lithium market, driven by the ongoing demand for electric vehicles.
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