Albion Resources defines compelling lithium and gold anomalies at Rothsay South Prospect

Albion Resources Limited (ASX: $ALB) has announced the compelling results of a maiden soil sampling program at its 100% owned Mongers Lake Project. The program revealed two large coherent lithium-in-soil anomalies over at least 2 km of strike, displaying high tenor similar to soils over recent discoveries. Additionally, a new gold anomaly over 2km strike has been defined. The company is planning a follow-up program of infill and extension soils and rock sampling, set to commence in 3 weeks.

Executive Commentary on Soil Sampling Results

The soil sampling program at Rothsay South Prospect has yielded highly significant results for Albion Resources. The defined lithium targets exhibit high tenor similar to soils over recent discoveries, indicating the potential for the presence of spodumene pegmatites in the area. The coincident anomalies of important rare metals characteristic of classic Lithium-Cesium-Tantalum (LCT) deposits further support this potential. The company is encouraged by the findings and is finalizing a workplan to extend the soil sampling and conduct reconnaissance rock sampling over the peak lithium-in-soil values, as well as to follow up on the gold and arsenic-in-soil anomalies.

Summary of Soil Sampling and Future Prospects

Albion Resources' soil sampling program at Rothsay South Prospect has successfully defined compelling lithium-in-soil anomalies and a new gold anomaly, indicating the potential for lithium spodumene pegmatites discoveries on the project. The high tenor of the lithium targets, coincident anomalies of rare metals, and the fertility ratios of the rock samples strongly support this hypothesis. The company is now finalizing a workplan to extend the soil sampling and conduct reconnaissance rock sampling, demonstrating its commitment to further exploration and potential discoveries in the area.