Delta Lithium Limited (ASX:DLI) Announces Yinnetharra Update
Delta Lithium Limited (ASX:DLI) has released an operational update regarding its 100% owned Yinnetharra Project in Western Australia, indicating notable progress in resource definition and metallurgy tests.
Resource Definition Highlights
The latest assays from the Yinnetharra Project exhibited promising lithium grades. Significant results from the Malinda Prospect include:
- 22.6m @ 2.16% Li2O from 310m (YRRD126 at M36)
- 32.4m @ 1.01% Li2O from 50m (YDPT012 at M47)
- 32m @ 0.93% Li2O from 280m (YDRD066 at M1)
- 15m @ 1.5% Li2O from 19m (YDRD716 at M69)
- 22m @ 1.13% Li2O from 24m (YDRD717 at M69)
The total Mineral Resource Estimate stands at 25.7Mt @ 1% Li2O and 62ppm Ta2O5.
Metallurgical Test Work Success
Feasibility level metallurgy test work has confirmed high-grade spodumene concentrates can be produced at a high recovery rate. Notably, the M1 deposit metallurgy reports yield spodumene concentrate grades of 5.5% to 6.0% Li2O at recovery rates between 69.2% and 81.8% using Whole of Ore Flotation.
James Croser, Managing Director of Delta Lithium, commented, “The final infill drill results from the 2024 drill program at Yinnetharra continued to deliver high-grade lithium over large intervals. These results will inform a pending resource update at Yinnetharra, primarily increasing resource confidence at Malinda.”
Future Steps
Delta is focusing on securing key project approvals related to heritage, environmental and development matters throughout the year. The company has also initiated field activities aimed at identifying further drill targets across the expansive Yinnetharra tenement package.
Efforts will continue to be made on the tantalum recovery potential, with preliminary results showing encouraging concentrations of tantalum in testing.
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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