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Australian Critical Minerals (ASX: $ACM) confirms lithium prospectivity at Cooletha project

Confirmation of Lithium Prospectivity at Cooletha Project


Australian Critical Minerals (ASX: $ACM) has confirmed the lithium prospectivity of the Cooletha Project through its initial mapping and sampling program. The program has identified 10 high priority targets totaling over 24km in length, with confirmed lithium and lithium-caesium-tantalum ("LCT") pegmatite indicator minerals. The scale of the total prospective area has exceeded expectations, and the company is now planning a follow-up program to test the target areas identified from the current work program, which only covered 25% of the granted tenure.

Executive Commentary on Lithium Prospectivity


Positive results from our initial exploration program across the large Cooletha Lithium Project, have been integrated with world-class spectral analysis to detail a clear pathway to exploration success. ACM has benefited from the assistance of our technical consultants who have brought together a team of multi-disciplinary geoscientists to rapidly deliver a science-backed understanding of the geology of the Cooletha Lithium Project. Our initial 251 samples of intrusive and pegmatitic rocks have delivered the geochemical information required to develop our understanding of the intrusive fractionation processes that have occurred at Cooletha. Identifying the location and vectors in fractionated rocks is the first important step to the discovery of evolved pegmatitic LCT systems. We look forward to building on this data with a scientifically robust exploration plan which includes the sampling of the identified targets within the modelled LCT pegmatite goldilocks zone.

Summary of Lithium Prospectivity at Cooletha Project


Australian Critical Minerals (ASX: $ACM) has confirmed the lithium prospectivity of the Cooletha Project, with the identification of 10 high priority targets and the confirmation of lithium and lithium-caesium-tantalum ("LCT") pegmatite indicator minerals. The company's initial mapping and sampling program has exceeded expectations, and the scale of the total prospective area has prompted planning of a follow-up program. The company's Managing Director, Dean de Largie, expressed optimism about the future exploration plan, which aims to further explore the identified targets within the modelled LCT pegmatite goldilocks zone. Additionally, the company is preparing to continue the Cooletha sampling program with a focus on the target areas represented in the program's findings, while also highlighting the potential of iron ore and manganese within the Cooletha tenure. ACM anticipates releasing results for the recently completed auger and RC program at the Rankin Dome Rare Earths Project shortly, with follow-up exploration to commence during the first quarter of 2024.

Sourcehttps://announcements.asx.com.au/asxpdf/20231123/pdf/05xpnfhlb2l3yb.pdf

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