(Alliance News) - Technology Minerals PLC on Thursday said it has found high-grade lithium pegmatite on its Leinster property in Ireland, after conducting a field geochemical exploration programme.

Technology Minerals is a London-based, Ireland-focused company developing the UK's first listed, sustainable circular economy for battery metals. It is focused on extracting raw materials required for Li-ion batteries.

The company said it has completed the first stage of detailed lithogeochemical sampling at the Knockeen and Carriglead target areas on its Leinster Lithium project in County Carlow, Ireland.

A total of 56 rock samples were reported, all of which were analysed at ALS Laboratories.

Of 56 samples at Knockeen, 41 were graded above 1% lithium oxide, of which two registered above 3%.

Similarly positive results were seen at Carriglead. Out of a total of ten samples, six graded above 1% lithium oxide, of which one graded above 2%.

Technology Minerals said that the programme had helped to consolidate the extent of the spodumene pegmatite boulder train at surface, while also "significantly enhancing" the resolution of the dispersion zone.

Ongoing work will help to refine specific areas for targeted drilling.

Technology Minerals shares were trading 6.2% higher at 1.55 pence each in London on Thursday afternoon.

By Holly Beveridge; Alliance News reporter

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