Aldoro Resources builds WA lithium project with acquisition

Aldoro Resources ASX ARN Wyemandoo lithium pegmatite outcrop Windimurra Meridian Mt Magnet
Aldoro Resources has acquired two new licences near its Windimurra lithium project.

Multi-element explorer Aldoro Resources (ASX: ARN) is expanding its Windimurra lithium pegmatite footprint near Mt Magnet, Western Australia by acquiring the adjacent Wyemandoo and Niobe tantalum-lithium projects.

The company said the new ground contains high grades of lithium, caesium, tantalum and tungsten with rock chip lithium oxide grades up to 2.6%, along with up to 5,610 parts per million tantalum oxide, and tungsten oxide up to 16.5%.

“The highly prospective licences contain multiple lithium and tantalum areas of interest which will be the focus of the project,” the company stated.

Pegmatite swarm covers a large area

Wyemandoo, 80km southeast of Mt Magnet in WA, covers 9sq km. Several pegmatites have been mapped and sampled in the southwest corner of the licence area.

A total of 53 pegmatite rock chip samples have been collected within the project, the highest at 2.6% lithium oxide is from a sample taken just inside Aldoro’s adjoining Narndee licence.

Aldoro said the Wyemandoo pegmatites represent a new lithium-bearing pegmatite field, located over 25km north-northwest from the Youanmi lithium pegmatite field owned by Lithium Australia (ASX: LIT).

The Wyemandoo pegmatite swarm appears to cover a large area, a northeast corridor over 10km long and up to 4km wide where the full extent is masked by young alluvium and colluvium cover.

Niobe lithium potential ‘largely ignored’ since 1980s

Meanwhile, the Niobe tantalum-lithium project lies 70km northwest of Mt Magnet in WA’s Murchison province and lies within the Archean Dalgaranga Greenstone Belt.

The project is a tantalum-lithium exploration project based on a pegmatite dyke swarm hosted by a metagabbro sill.

High-grade tantalum ore has been mined in the past from a small open pit and there are shallow high-grade drill intersections that have not yet been mined. This mineralisation is open at depth.

According to the company, anomalous lithium values were detected in the 1980s, but the lithium potential of the area has been largely ignored since then.

This development comes hot on the heels of Aldoro’s announcement that it has identified two key nickel-copper gossans at its Narndee nickel-copper-platinum group elements (PGE) project in WA and will see phase one drilling begin.

Aldoro is acquiring the new Mt Magnet ground from a private vendor for $50,000 cash and $150,000 in its shares, together with a 1% net smelter royalty.

Aldoro chairman Joshua Letcher said the new ground shows “significant” promise.

“Whilst we are excited to shortly commence drilling at our flagship nickel-copper-PGE project at Narndee over the next few months, we have already put in place plans to ensure work currently occurring at our Windimurra lithium project continues unabated,” he added.

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