PERTH (miningweekly.com) – ASX-listed Kidman Resources has launched a technical review into the lithium potential at its Mt Holland project, in Western Australia, after receiving ‘strong’ interest for the possible sale of lithium and tantalum rights over the gold project.
Kidman in December last year entered into a nonbinding heads of agreement to acquire the Mt Holland project for A$3.5-million. The project had a combined measured, indicated and inferred mineral resource of 928 000 oz, and hosted the flagship Blue Vein deposit, which had a resource of 372 000 oz, at 2.30 g/t gold.
The company said on Wednesday that during the ongoing data consolidation and geological review of the Mt Holland project, Kidman became aware of spodumene-bearing pegmatites around the historic Bounty gold mine.
A significant volume of pegmatite was also found to have been historically mapped over some 6 km of strike; however, the mineralogy and geochemistry of these pegmatites remain unclear.
Kidman told shareholders that the company’s technical team had begun planning work on a programme to more accurately map and test the fertility of these pegmatite bodies.
Once the potential of this resource had been established, Kidman would consider the best way forward for the project, with a focus on generating the best return to shareholders.