Lithium Universe reports busy first quarter as a listed explorer

Lithium Universe (ASX: LU7) has reported a busy first quarter as a listed exploration company after making its Australian Stock Exchange debut in August.

The company announced an exploration strategy for its Apollo project in Canada, employing artificial intelligence techniques by KorrAI Technologies to enhance field exploration practices, optimise costs and improve exploration outcomes using data-driven decisions.

A study was also conducted on the Apollo property to explore for lithium-caesium-tantalum (LCT) pegmatites using advanced technology such as remote sensing, and airborne and ground based geophysics combined with artificial intelligence.

Different types of data — such as visible and infrared light, microwave signals, and magnetic readings — were combined to create a detailed picture of the area.

New opportunities

During the reporting period, Lithium Universe advised details of significant lithium and rare earths opportunities within Tier 1 mining jurisdictions in Canada and Australia.

The company’s Canadian projects at Apollo, Adina South, Adina West and Margot Lake are considered highly-prospective for lithium and are situated in close proximity to a number of significant recent discoveries.

Adina South and Adina West consist of 89 claims covering an area 45 square kilometres in Québec’s James Bay district, close to Winsome Resources’ (ASX: WR1) Adina project and the Adina and Jamar prospects.

The Margot Lake project consists of 32 claims over 19.8sqkm, located 16 kilometres southeast of Frontier Lithium’s PAK deposit which contains 9.9 million tonnes at 2.0% lithium oxide.
It is also 18km away from Frontier’s Spark deposit, with an indicated resource of 18.8Mt at 1.52% lithium oxide and an inferred 29.7Mt at 1.34% lithium oxide.

Lithium Universe said it would conduct an exploration program at all projects focused on pegmatitic granite occurrences to assist in drill program planning.

Board appointments

Lithium Universe appointed lithium veterans Patrick Scallan and Dr Jingyuan Liu to the role of non-executive directors.

Both are key appointments that are reported to have strengthened the board’s existing lithium experience and technical capability.

The company also announced that chartered accountant Vincent Fayad and mining executive Kurt Laney had been recruited to the role of joint chief financial officer and company secretary.