Kali Metals Limited (ASX: KM1) Announces High-Grade Tin-Oxide Results
High-Grade Tin-Oxide Discovery
Kali Metals Limited (ASX: KM1) has announced promising results from its exploration at the Sweetwater area within the Jingellic Project in New South Wales. The company reported that twenty-one rock chip samples collected during geological mapping yielded up to 8.0% SnO2, with accessory tantalum and niobium levels also reported. Notably, five high-grade samples exceeded 1% SnO2, with the highest at 7.99% SnO2.
Geological Mapping Progress
Ongoing geological mapping has confirmed the presence of significant cassiterite mineralisation associated with outcropping greisen-pegmatite zones, which vary in width from 2-20 meters across a cumulative length of 2 kilometers. This exploration is part of an extensive effort targeting historic tin mines in the area, with the campaign projected for completion by the end of December 2024.
Executive Insights
Managing Director Paul Adams stated, “A lot has been achieved at our Southern Lachlan Fold Belt tenements since our last update in September. The cassiterite crystals observed are large and have been noted over significant strike lengths.” He highlighted the positive initial results from the Giant Pegmatite, where lithium-oxide results reached up to 1.5%. “We plan to finish the year by completing follow-up mapping and sampling,” he added.
Future Exploration Plans
Looking ahead, Kali Metals aims to undertake further geological mapping alongside additional soil sampling once the results from planned LiDAR surveys are received. The company’s exploration activities continue to generate significant interest, with results expected to yield a steady flow of updates in early 2025 and beyond.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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