Arcadia Minerals

Geophysical Interpretation Defines Drill Targets For Lithium Brines

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce a geophysical interpretation conducted by the Company’s geologists of the recently completed helicopter borne Electro-Magnetic Survey3.


HIGHLIGHTS

  • Interpretation affirms structural concurrence between highly anomalous electro-magnetic zones and mineralised lithium clay pans
  • Three stratigraphic boreholes planned by March 2023 to aid exploration. Potential to discover economically mineralised brines not excluded
  • Three potentially Lithium-rich brine sub basins identified at Bitterwasser, of which two are associated with the existing Mineral Resource at the Eden Pan and mineralisation at the Madube Pan1,2
  • Largest Electromagnetic (EM) anomaly (42km by 9km) is perfectly associated with a major fault structure
  • Smaller anomalies are associated with the Eden Basin (8km by 2.5km) and the Madube Basin (5km by 1.5km), both associated with oblique trending tension faults/fractures at depths of around 120 m and high lithium content in the clay pans at surface
  • The depth of the large basin based on EM interpretation is up to 200m to the basalt basement with high conductivity from 30m below surface, which is the observed depth of the water table
  • Historical water boreholes drilled outside the edges of the main anomaly hold elevated TDS values of >6000 mg/l

Jurie Wessels, the Chairman of Arcadia stated: “The interpretation affirmed our geological model and hypothesis that the Bitterwasser Basin area conforms to the structural requisites of possibly becoming a globally significant Lithium province. From the data it is evident that several entrapment sites were formed through tectonic activity where highly conductive brine fluids could be accumulated. In addition, there is a distinct concurrence between structures observed from EM data and the formation of mineralised lithium clay pans. This further enhances the likelihood of the pans, where mineralisation tends to increase to depth, having been mineralised through lithium rich brine water-table fluctuation. By comparing water quality of holes drilled outside of the anomalous areas from publicly available data to the levels of electro- conductivity within EM anomalous zones we expect highly concentrated dissolved solids of salts (brines) to be encountered within the anomalous zones.

Our focus is now to drill three stratigraphic holes to verify the geophysical results, to increase our geological understanding of the Bitterwasser basin and to obtain valuable information regarding the sediments associated within the basin. This will be necessary before we embark on a targeted brine-borehole drilling programme. Although not the objective, it is not excluded that stratigraphic drilling could lead to the discovery of a significant brine deposit at Bitterwasser.”

GEOPHYSICAL INTERPRETATION

Interpretation of government Magnetic data purchased from the Ministry of Mines and Energy of Namibia indicates the presence of three major north-south trending faults that are considered responsible for the formation of the Bitterwasser half graben structure. Various en-echelon faults (i.e. faults, or tension fractures, that are oblique to major structural trends) are associated with the large north-south trending fault structures (see Figure 1 right-hand image). The north-east southwest trending fault in the southern portion of the magnetic image is considered to have caused an up-lift of the basement basalt. As a result, the barrier for the creation of the Bitterwasser basin was formed thereby creating a closed basin and trapping water flow from the north and acting like a dam wall (indicated by the red striped polygon on the right-hand image).

Figure 1 – Maps showing the Magnetic Survey data with and without interpretation, the red striped polygon on the southern portion of the area shows the basement high.

Figure 2 – EM survey Results showing three anomalous bodies (represented by pinkish colour)

The interpretation of both the Magnetic and Electro-Magnetic data (as represented in figure 3 below) indicates a well-defined correlation between the anomalies (derived from the Electro-Magnetic data and shown in figure 2) and structural features (derived from the Magnetic data and shown in figure 1). The largest EM anomaly (42km by 9km) is associated with a major north-northwest trending fault structure and the most southern, north-east southwest trending “dam wall” fault. The two smaller anomalies, which are concordant with the Eden Basin (8km by 2.5km) and the Madube Basin (5km by 1.5km) are associated with en echelon faults associated with the two large parallel north-northwest trending fault structures. The formation of the three basins identified so far is thus considered to have been structurally controlled.


Click here for the full ASX Release

This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AM7:AU
The Conversation (0)
Arcadia Minerals

Drilling Completed At Karibib Copper-Gold Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that its drilling contractor Hammerstein Mining and Drilling completed a 551m RC drilling program for 10 drill holes at the Karibib Copper- Gold Project in Namibia.
Keep reading...Show less
Arcadia Minerals

Drilling Commenced At Karibib Copper-Gold Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that it instructed Hammerstein Mining and Drilling to execute a 526m RC drilling program for 9 drill holes at the Karibib Copper-Gold Project in Namibia.
Keep reading...Show less
Arcadia Minerals

Quarterly Activities Report – June Quarter 2022

Arcadia Minerals Limited (ASX:AM7, FRA:8OH) (Arcadia, AM7 or the Company), the diversified exploration company targeting a suite of battery metal projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to provide its quarterly activities report for the period ending June 2022.

Keep reading...Show less
Kum-Kum Nickel Project Mineral Systems Approach Results

Kum-Kum Nickel Project Mineral Systems Approach Results

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that the Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses and delivered a report to the Company styled “Geological overview and sulphide mineralization potential of the Tantalite Valley Complex” by Drs. Martin Klausen and Bjorn von der Heyden & Mr Daniel Ferreira, Department of Earth Sciences, Stellenbosch University, May 2022, and this report will be made available on the Company’s website at www.arcardiaminerals.global.

Keep reading...Show less
AM Resources Completes Compilation Work with the Discovery of 94 New Pegmatites for a Total of 281 Pegmatites on its 1,500 km² Land Package in Austria

AM Resources Completes Compilation Work with the Discovery of 94 New Pegmatites for a Total of 281 Pegmatites on its 1,500 km² Land Package in Austria

AM Resources Corporation(“AM Resources” or the “Company”) (TSXV: AMR) (Frankfurt: 76A), a dynamic junior mining company focused on the exploration and development of high-potential pegmatite lithium deposits, is pleased to announce that it has completed the compilation of government data on its newly acquired 1,500 km2 land package (see press release dated March 21, 2024) with the discovery of 94 new pegmatites. AM Resources has now identified a total of 281 pegmatites, consolidating its strategic position in one of Austria’s most prospective lithium areas.

  • Recently announced 1,500 km2 land package gives AM Resources control over a large area of the Austrian Pegmatite Belt.
  • Compilation of government data resulted in the discovery of 94 additional pegmatites across two groups, with sizes ranging from 40 metres to 2,100 metres.
  • Many pegmatites are strategically located within mica schists, indicating favorable conditions for lithium-bearing minerals.
  • Latest discoveries continue to reinforce AM Resources’ position in the Austrian Pegmatite Belt, located within proximity to European battery manufacturers.

AM Resources’ 1,500 km2 land package

Keep reading...Show less
Digger at mine site.

Piedmont Secures Mining Permit for Carolina Lithium Project

Piedmont Lithium (NASDAQ:PLL,ASX:PLL), one of North America’s leading lithium suppliers, announced on Monday (April 15) that the North Carolina Department of Environmental Quality (NCDEQ) has given its stamp of approval for the company's US$1.2 billion mining and processing plant project in Gaston County.

“This is an exciting day for all of us at Piedmont Lithium. I would like to thank the leadership and staff at NCDEQ and (the Division of Energy, Mineral and Land Resources) for their diligence in the process, as well as the members of our team who worked rigorously for more than two and a half years to ensure that every aspect of the Project met the state’s high standards for approval,” Keith Phillips, the company's president and CEO, said in a press release.

The permit allows for the construction, operation and reclamation of the proposed project, with the Belmont-based company planning to develop Carolina Lithium as a key part of the US supply chain for electric vehicles (EVs).

Keep reading...Show less

ALBEMARLE DONATES $1 MILLION TO CLEVELAND COMMUNITY COLLEGE TO FURTHER SUPPORT WORKFORCE DEVELOPMENT PROGRAMS

Donation to support training and apprenticeship programs for growing regional industries

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced a $1 million donation to Cleveland Community College (CCC) for the purchase of equipment, supplies and facility improvements to benefit workforce training programs. The Shelby, NC -based college's programs are designed to strengthen the region's pipeline of skilled and diverse workers to support the growth of businesses and projects, such as the redevelopment of the Kings Mountain Mine.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Green lithium-ion battery.

Lithium Market Update: Q1 2024 in Review

Lithium prices remained subdued in the first quarter of 2024, well below highs set in late 2022 and 2023. Various factors, including oversupply and weak electric vehicle (EV) demand, kept prices muted over the 90 day period.

Even as a market glut weighs on prices, Fastmarkets is forecasting that lithium supply will increase by 30 percent by the end of the year. The firm notes in a January report that some new supply is being ramped up, while some high-cost output is being cut — it remains to be seen how the current price environment will impact these plans.

"Market participants expect downstream lithium demand to remain relatively weak and with no imminent concerns about supply shortages, we forecast a tentatively balanced market in 2024," Fastmarkets explains.

Keep reading...Show less
Cell phone with lithium battery symbol charged at 70 percent.

Top 7 Lithium Stocks of 2024

The lithium market exhibited greater stability in Q1 after fluctuating in 2023. Lithium carbonate prices, which began the quarter at US$13,377.44 per metric ton, concluded around US$14,874.31, up 11 percent.

Market oversupply prompted some lithium producers to trim their 2024 output targets in hopes that excess material will be absorbed. Spending for project expansions and new developments was also put on the back burner.

“We believe we are approaching the bottom of the market, considering the industry is moving fairly deep into the cost curve. This is likely to support lithium prices as producers consider further production cuts to balance the market and stem further losses," states a January report from price and market reporting agency Fastmarkets.

Keep reading...Show less
Neon battery and lightning shapes.

Top 4 ASX Lithium Stocks of 2024

In contrast to the volatility of 2023, Q1 2024 saw a more stable lithium market. Prices for lithium carbonate started the period at US$13,377.44 per tonne and finished at US$14,874.31, marking an 11 percent increase.

Strong electric vehicle sales in January helped support prices for the important battery metal, which continued to rise through February and March, reaching a quarterly high of US$16,109. This rally was fueled by reports from China indicating a sustained growth trend in lithium demand for batteries and energy storage technology.

Here the Investing News Network looks at the top four ASX-listed lithium companies by year-to-date gains. The list below was generated using TradingView’s stock screener on April 10, 2024, and includes companies that had market caps above AU$10 million at that time. Read on to learn more about their activities over the past year.

Keep reading...Show less

Latest Press Releases

Related News

×