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Delta Lithium (ASX: $DLI) announces maiden mineral resource estimate at Yinnetharra lithium project

Delta Lithium (ASX: $DLI) Maiden Mineral Resource Estimate at Yinnetharra Lithium Project


Delta Lithium Limited (ASX: $DLI) has announced a maiden Mineral Resource Estimate (MRE) for its 100% owned Yinnetharra Project in the Gascoyne region of Western Australia. The combined Inferred and Indicated Mineral Resource Estimate stands at 25.7Mt @ 1.0% Li2O at a 0.5% Li2O cut off, with 26% of the MRE in the higher confidence Indicated category.

Managing Director, James Croser, on Yinnetharra Lithium Project


'This is a fantastic milestone for the development of our Yinnetharra Lithium Project. The speed with which this MRE has been defined since the acquisition of the Project in late 2022 is a true credit to the teamwork and tenacity of Delta's staff. Yinnetharra was a blank canvas 12 months ago, and our people have overcome many challenges to punctuate the end of 2023 with its release. This MRE is the foundation from which a mining lease application, scoping studies and further growth at Yinnetharra will proceed, with real potential now to support a significant lithium mining operation of large open pit scale. We believe that this is just the beginning for the Yinnetharra Project, with multiple mineralised LCT prospects yet to be tested over the massive project area. After a short break for the holidays, we will commence 2024 with renewed energy to build on this confidence, and for while this weakness in lithium prices may persist the Company will prioritise investment spend at Yinnetharra to explore for the significant upside potential. Ultimately, our work at Yinnetharra strives to deliver outstanding value for shareholders, which remains our enduring goal.'

Outlook for Yinnetharra Lithium Project


The rapid definition and delivery of the maiden Mineral Resource Estimate at Yinnetharra Lithium Project paves the way for subsequent development activities. Permitting activity and baseline environmental studies are already underway, with an enhanced drilling program scheduled to commence in January. The Company aims to explore for significant upside potential and deliver outstanding value for shareholders. Delta Lithium remains focused on pursuing a development pathway to unlock maximum value for shareholders and is on track to release a maiden Lithium Resource at Yinnetharra in 2023.

Sourcehttps://announcements.asx.com.au/asxpdf/20231227/pdf/05yyxtzdgnkq27.pdf

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