Small cap lithium explorer set to drill around IGO's Greenbushes and Allkem's Mt Cattlin

Firetail Resources (ASX: FTL) has confirmed the presence of lithium pegmatites at its Yalgoo and Dalgaranga projects in Western Australia. A successful mapping and rock chip sampling program returned assay results of up to 0.54% lithium oxide (Li2O). It also returned rubidium grades of more than 1.0%, which is often an indicator of the presence of lithium, as the two elements are often found together in pegmatites.

The Yalgoo and Dalgaranga Lithium Projects are located next door to each other in the highly prospective Murchison region of WA. The region is home to a number of major lithium deposits, including IGO’s (ASX: IGO) Greenbushes and Allkem’s (ASX: AKE) Mt Cattlin.

Drilling on the Horizon

The ‘Johnson Well’ pegmatite system at Yalgoo has a strike of approximately 1,050 metres, of which at least 100 metres is within Firetail tenure. The company plans to test high priority targets at Johnson Well via a proposed 1,000 metre reverse circulation drilling campaign in June.

Sampling at Johnson Well to date has been completed over an area of just 2.5 km by 2.5 km, with plans to expand the mapping and sampling program over the broader project area, to 9 km by 5 km.

“With an increased focus around existing assets and known area for LCT pegmatites, the Firetail team has been able to extend our understanding of the surrounding area and has also received encouraging results from rock chip sampling in the Johnson Well area,” said Executive Chairman Brett Grosvenor.

“Subsequent to these encouraging results, we have been able to mitigate on-ground delays and expect to commence our second drill program at Yalgoo in the coming weeks.”

Dalgaranga Remains an Early-Stage Prospect

Dalgaranga remains an early-stage prospect with 51 rock chip samples returning anomalous lithium, rubidium, caesium and tantalum values.

“Further work is required in the form of geological mapping, geochemical soil sampling to refine the targets in this area,” the company said in a statement.

Next Steps

In addition to the RC drilling campaign at Johnson Well in June, Firetail plans to:

• Drill target generation at Dalgaranga and Yalgoo via a review of geochemical, geological mapping and geophysical targets

• Further soil sampling in the Johnsons Well area

• Further soil sampling at both projects for potential new pegmatite targets