Exploration activities and findings at Menzies Northern Trend

Brightstar Resources Limited (ASX: $BTR) has completed its first phase of lithium-focused field exploration activities at the Menzies Northern Trend, uncovering numerous outcropping pegmatites over a 3km strike length. The analysis of hyperspectral imagery has identified 162 potential lithium-bearing pegmatite targets, and rock chip assays indicate fertile LCT-type pegmatite with significant anomalies in key indicators. A comprehensive soil sampling program has been completed, and multi-element assays for the soil survey program and rock chip sampling have been submitted to the laboratory for analysis.

Executive commentary on exploration efforts and potential

Brightstar's Managing Director, Alex Rovira, highlighted the company's advancement in greenfields exploration efforts within the Northern Trend at Menzies for potential lithium-bearing pegmatites. The recent hyperspectral survey has delineated 162 potential lithium-bearing outcropping targets, and the correlation between hyperspectral targeting and the identification of pegmatites in the field is encouraging for efficient on-ground exploration efforts. The company eagerly awaits the results from the recent sampling program, which will aid in generating targets for further follow-up sampling and potential drilling.

Summary of exploration activities and future plans

Brightstar Resources' exploration activities in the Menzies Northern Trend have revealed promising potential for lithium-bearing pegmatites. The identification of numerous outcropping pegmatites and the analysis of hyperspectral imagery have provided valuable insights for defining potential drill targets. The company intends to conduct follow-up work to ascertain the potential of lithium-bearing pegmatites across the Northern Trend, with a maiden lithium-focused program including follow-up drilling envisaged in 2024. The company is encouraged by the geological and structural setting similarities to the Mt Ida Lithium Project, and the recent findings have positioned Brightstar for further exploration and potential development in the lithium space.