Lithium

Frontier Resources hits strong evidence of lithium on-site Mt Clere

Wed 04 May 22, 12:46pm (AEST)
Sample of mineralised pegmatite
Source: Riversgold

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Key Points

  • Retrospective review of soil geochemistry data highlights rare earth oxide accumulations of 960ppm
  • Known lithium pegmatites in project area targeted for exploration
  • Rock chip samples acquired in recent assays in lab with results pending

Frontier Resources (ASX:FNT) has recorded Total Rare Earth Oxides (TREO) at accumulations of 960.1 parts per million (ppm) in surface sampling carried out onsite its WA eastern Gascoyne Mt Clere Rare Earth and Lithium Project. 

The surface sampling was carried out in geochemical data studies that have informed the conclusions of a retrospective review undertaken by Frontier. 

Identified in this review is potential new target areas for Frontier Resources, with the geology team interested in areas reflecting elevated levels of Strontium, Niobium and other TREO. 

The company's share price has climbed 3% in morning trades. 

Map detailing location of Frontier Resources' Mt Clere project
Map detailing location of Frontier Resources' Mt Clere project

Lithium potential underscored in neighbouring project

Frontier Resources' Mt Clere project sits nearby a lithium project owned by Krakatoa Resources (ASX:KTA) to the south, where Krakatoa Resources has identified lithium pegmatites, as well as other rare earth elements. 

That project is located some 60km southwest. 

Frontier Resources' Mt Clere project is located within the boundaries of permit E52/4012 and covers some 350sq.km located on top of the Ti Tree Shear Zone, a geological region with traits similar to the Lyons River Fault and Gifford Creek Carbonatite Complex, where Hastings Technology Metals' (ASX:HAS) Yangibana Mine is located. 

Frontier Resources also highlights existing Geological Survey of Western Australia (GSWA) data which has previously recorded 51 pegmatites in the Mt Clere area indicative of lithium deposits. 

Modern surface sampling program to commence 

Based on the findings, Frontier Resources will move toward an extensive gridded surface sampling program covering its Mt Clere acreage to further validate the commercial potential of rare earth elements present onsite, including lithium. 

Exploration work following that surface sampling program will depend on the results of the former, however, Frontier is expecting to undertake a detailed exploration strategy.

The company notes further exploration activities will combines soil geochemistry sampling, rock sampling, and geophysical surveys across high priority target areas which will inform the best places to launch the drills.  

Frontier Resources' charts over the last six months
Frontier Resources' charts over the last six months

 

Frontier Resources was a Market Index client at the time of publishing. All coverage contains factual information only and should not be interpreted as opinion of financial advice.

Written By

Jonathon Davidson

Journalist

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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