Lightning Minerals begins exploration at Brazilian lithium projects [Video]

Lightning Minerals Ltd (ASX:L1M) managing director Alex Biggs joins Proactive’s Jonathan Jackson after the company initiated exploration at the Caraíbas and Sidrônio lithium projects in Minas Gerais, Brazil. The company has started geological mapping and sampling with an experienced field team that possesses extensive geophysical data sets.
Lightning Minerals is confident in the lithium potential of these projects, having identified multiple pegmatites and regional trends within the Salinas Formation, which contains several lithium resources. Early-stage exploration will help identify drill targets and enhance the company’s knowledge of the region.
Biggs highlighted the positive outcomes of an initial site visit in June, noting the identification of pegmatites and areas of interest. Since returning from Brazil, the company has focused on team-building and data analysis to proceed with its work program confidently. New employees and contractors in Brazil bring significant expertise in lithium exploration.
Lightning Minerals reported $3.12 million in cash at the end of the last quarter, supporting its aggressive exploration strategy. At Caraíbas, the focus will be on artisanal workings with promising lithium, tantalum, rubidium and caesium grades. Geochemical sampling and reprocessing of geophysical data will target promising areas within the Salinas Formation.
The region is known for its rich lithium deposits, including Latin Resources’ Salinas Lithium Project, which has a significant global mineral resource estimate.
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