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Loyal Lithium (ASX: $LLI) launches innovative geophysical survey at Trieste Lithium Project

Introduction to Loyal Lithium's geophysical survey at Trieste Lithium Project


Loyal Lithium Limited (ASX: $LLI) is excited to announce the launch of an innovative geophysical survey at the Trieste Lithium Project in Quebec, Canada. The survey, covering a 75km2 area with a depth of investigation surpassing 600 meters, aims to uncover additional spodumene-rich pegmatites and expand the known spodumene pegmatite trends. The company has partnered with Expert Geophysics Limited to conduct this survey, leveraging groundbreaking sensors to differentiate between highly resistive rock types and reveal conductive and contrasting structural features within the project's unique Metasediment Fault Flow Zone.

Executive commentary on the geophysical survey


Launching this innovative geophysical survey at the onset of the Canadian summer field season is a testament to our commitment to advancing the Trieste Lithium Project. Our unique metasediment host rock environment and the cutting-edge suite of technologies employed have the potential to fast-track our exploration efforts and significantly reduce costs. The Trieste Greenstone Belt is on the brink of transformation, with the recent upgrade of Winsome Resources' Mineral Resource Estimate to 78Mt at 1.15% Li2O and exploration results pending from Azimut Exploration and Rio Tinto. When considered with Patriot Battery Metals Corvette Lithium Project, with 109Mt at 1.42% Li2O, this Northeastern region of James Bay, Quebec is shaping up to be a globally significant Lithium hub.

Summary of Loyal Lithium's geophysical survey and outlook


Loyal Lithium's launch of the innovative geophysical survey at the Trieste Lithium Project marks a significant step in the company's exploration efforts. The survey, employing advanced sensors and technology, aims to uncover additional spodumene-rich pegmatites and expand the known spodumene pegmatite trends. The company's Managing Director, Mr. Adam Ritchie, highlighted the potential of the project and the region, emphasizing the transformative nature of the Trieste Greenstone Belt. With the recent upgrade of Winsome Resources' Mineral Resource Estimate and pending exploration results from other projects in the region, Loyal Lithium is optimistic about the prospects of the Trieste Lithium Project and the Northeastern region of James Bay, Quebec as a globally significant Lithium hub. The company's strategic focus on leveraging innovative technology and partnerships to advance exploration efforts underscores its commitment to creating value for its shareholders and stakeholders.

LOYAL LITHIUM LIMITED
LLI | ASX | Materials
0.15-0.01(-6.25%)
At close 05/07 (AEDT)
Market cap
$17.6M
Volume
34,007
DY Yield
0
PE Ratio
0
52 Week Range
0.145 - 0.98
1YR Return
N / A

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