ssential Metals has concluded its reverse circulation (RC) drilling program at the Pioneer Dome Lithium Project in Western Australia.
The $139.13 million market capitalisation company says the 34-hole RC program aimed to test 3 lithium targets at the Dome North area, alongside 1 nickel-lithium target and a lithium target on the eastern flank of Pioneer Dome.
No spodumene-bearing pegmatites were intersected, but Essential says multi-element assays are anticipated to be available in August 2023, which will support the company in determining evidence of fractionation of the pegmatites and lithium enrichment.
Essential Metals says it is planning to complete more drilling in the area to acquire samples for further metallurgical testwork at the project, alongside water exploration drilling for future processing water sources.
The Pioneer Dome Project comprises 450km-square and is located in the core of Western Australia’s lithium corridor in the Eastern Goldfields.
Essential Metals is an active explorer and developer focused on the discovery of lithium and other key global demand-driven commodities. The company operates 3 ‘strategically located’ lithium and gold projects in Western Australia, including the Pioneer Dome, Juglah Dome, and Golden Ridge projects.
On 31 March 2023, the company had $8.7 million cash at hand, according to its latest quarterly report published on 12 April 2023.
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