Lake Johnson is quickly becoming the place where Lithium Dreams are made off, as yet more “Spodumene” has been discovered.
Lithium Australia’s (ASX:LIT) has announced it has identified up to 7.1% lithium oxide from assays at its 100% owned Medcalf prospect, which is part of the Lake Johnson project 400km east of Perth.
Lithium Australia claims Lake Johnson has similar geological features to major operations in the region including Galaxy Resources Mt Cattlin operation, and Kidman Resources and Chilean-based SQM’s Mt Holland project, as well as Mt Marion which is owned by Mineral Resources, NeoMetals, and China-based Jiangxi Gangfeng.
Lithium Australia Managing Director Adrian Griffin “The occurrence of LCT [lithium, caesium, tantalum] pegmatites adjacent to granites at Medcalf has regional geological significance,” Mr Griffin said.
He said both locations had “significant” lithium mineralisation and there was potential to identify further pegmatites under cover at Lake Johnson.
— Small Cap Strategist (@SmCapStrategist) June 18, 2018
— Lithium Australia (@LithiumAus) June 13, 2018