Technology Minerals Plc, the first listed UK company focused on creating a sustainable circular economy for battery metals, has announced the addition of seven new prospecting licences to its ground holding on its Leinster Lithium property, Republic of Ireland. This addition brings the company’s licence position to 23 licences covering a total of 760 km2 of highly prospective geology with verified occurrences of spodumene-bearing lithium pegmatites. Initial reconnaissance at two localities on the new licences have already yielded two clusters of spodumene pegmatite float material with grades of up to 1.73% Li2O.
Highlights:
- Seven new licences awarded to the company’s 100% wholly owned subsidiary LRH Resources Limited.
- The seven licences totalling 235 km2 increase the overall ground holding to 760 km2.
- Two localities on the new licences reported historic spodumene-bearing lithium pegmatite occurrences (Irish Base Metals Report 1977).
- A total of ten float samples were collected at two localities on prospecting licence area (PLA) 3895 and PLA 3896.
- Four samples on PLA 3895 yielded analyses of between 1.54 – 1.79 % Li2O.
- Four samples on PLA 3896 yielded analyses of between 0.58 – 1.63 % Li2O.
- The company believes that the new licences lie on a parallel but less well-defined structural trend to the East Carlow Deformation Zone, which itself has been shown to provide the locus for spodumene pegmatite emplacement.
- The presence of structure is a key component to the anatectic genetic model for pegmatite development and emplacement in South East Ireland.
- Follow up exploration will commence to further enhance understanding of the spatial distribution of the boulder trains discovered so far, as well as the rest of the licences.
Alex Stanbury, CEO of Technology Minerals, said:
"We are pleased to add seven new prospecting licences to our Leinster project, increasing our strategic foothold at the Leinster lithium property in South East Ireland by over 40% to 760km2. We consider these to be exciting additions to our portfolio and look forward to commencing further exploration to enhance our understanding of the project’s potential. Given the supply squeeze taking place for lithium globally, finding new sources of primary supply will be critical to help power the move to a carbon neutral economy.”