Lithium Power (LPI) is a pure-play lithium company with three distinct project regions. One in South America’s brine region and two in Western Australia’s hard-rock, providing diversity in both geography and geology.
The company’s primary focus is on the development of Chile’s next sustainable high-grade lithium mine. The Project is located within the ‘Lithium Triangle’ in northern Chile, home to the largest and highest quality lithium brine deposits.
Pilgangoora, WA
Location: North-west Western Australia.
Ownership: 100% owned by LPI
Status: Exploration stage
Highlights
- Lithium Power has a key property position in the developing Pilgangoora lithium district, with two project en-route to development (ASX listed PLS and AJM) and lithium resources totalling 156.5 Mt at 1.25% Li2O and 40 Mt at 1.0% Li2O respectively.
- Magnetic interpretation confirms extension of the Pilgangoora greenstone belts, into the LPI Pilgangoora property. These greenstones host the lithium pegmatite resources on the immediately adjacent properties
- Soil sampling has identified geochemical pathfinders that are associated with adjacent pegmatites resources
- The updated Conservation Management Plan for tenements E70/4763 and E70/4774 was approved by the Department of Biodiversity, Conservation and Attractions (DBCA) and is now with the Department of Mines Industry Regulation and Safety (DMIRS). This is for a minor change to the program to increase the number of samples allowed to be collected from areas of State Forest and reducing the area that will be sampled. Once approved by the DMIRS, LPI will complete the regional laterite sampling program.
Overview
The Pilgangoora district is a globally significant hard rock lithium district with the potential for world-class, long-life mines producing high quality lithium concentrate for global markets. The project has excellent infrastructure, located only 152 km by road from Port Headland, a port supporting bulk mining projects in the northwest of Australia. The project is reached by an all weather road and is close to rail infrastructure.
The LPI Pilgangoora property (E45/4610) covers an area of 63 km2 and is located adjacent to the Pilbara Minerals (PLS) and Altura Mining (AJM) lithium development projects which are both at the definitive feasibility stage. The district contains lithium pegmatites that are relatively flat lying and have very favorable low strip ratios for open cut mining with complimentary metallurgical properties.
The Archean age greenstone belts of the Pilgangoora district host a series of stacked sub-parallel lithium–tantalum pegmatites with mineralisation in the form of spodumene. These pegmatites are emplaced along the trend of the greenstone belts, which display complex folds, with pegmatites often at a low angle (20–45 degrees from surface). The stacked nature of the pegmatites in the adjacent properties supports the positive feasibility studies of these adjacent property owners.
Project status
During 2022, LPI announced its intention to demerge its Western Australian hard rock lithium assets. The Demerger will create a dedicated, WA-focused lithium exploration company with the management team and resources to realise the value of the WA assets. The Demerger will enable LPI to focus on developing its Maricunga Lithium Brine Project in Chile.
The Company is pleased to announce that the demerged entity will be re-named Western Lithium Ltd (from Lithium Power WA Holdings Pty Ltd). A new constitution has been adopted and Western Lithium has applied to the Australian Securities and Investment Commission to change its status to a public company in preparation for the demerger.
The soil sampling program at Pilgangoora has been completed. A total of 544 samples were collected, including 10% as duplicates. The sampling was aimed at closing off previously defined lithium anomalies associated with the identified greenstone belts, and also at investigating the potential of gold within a younger granite and its contact aureole.
This intrusive body is considered to have similarities to the Intrusive bodies where De Grey Mining has successfully defined a very significant gold resource at their Mallina Project, which includes the 6+ million-ounce Hemi deposit. The samples have been dispatched for analysis, with results due in the next month.
