Loyal Lithium Limited (ASX:LLI) Reports Successful 2024 Field Program
Field Program Highlights
Loyal Lithium Limited (ASX:LLI) has successfully completed its 2024 field program at the Trieste Lithium Project in Quebec, Canada. The program widened Dyke #06 to an impressive 65 metres and confirmed the discovery of a new eighth lithium pegmatite dyke, Dyke #08. This new discovery is located on the META 3 Trend, 1,800 metres southwest of Dyke #05.
The 2024 field program also included the identification of Dyke #07, a greenstone-hosted lithium pegmatite, and extensive lithium boulder trails that support multiple lithium discovery zones. Overall, eight outcropping lithium pegmatite dykes have been identified, with a cumulative length of approximately 1.9 kilometres across 11.5 kilometres of interrupted geophysical trends.
Drilling Preparations and Funding
With $6.0 million in funding secured, Loyal Lithium is well-positioned to advance the Trieste Greenstone Belt into a key lithium hub in North America. The company is now planning a subsequent drilling program to commence in Q2 2025.
Managing Director Adam Ritchie stated, “An amazing effort by the team to conduct such a successful 2024 Field Program at the Trieste Lithium Project. The outcomes obtained validate the innovative geophysics survey and further elevate the prospectivity of the Trieste Lithium Project.” Ritchie added that the significant width of Dyke #06 suggests a high likelihood of further spodumene pegmatite extensions at depth.
Future Outlook
The results of the field program, in conjunction with previous successes in the area by major mining firms, position the Trieste Lithium Project as a potentially significant source of lithium for North America. Loyal Lithium is committed to systematically exploring its projects to maximise shareholder value and achieve JORC compliant resources.
Motley Fool contributor Lianne Eastty 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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