Buoyed by the predicted strong growth in the demand for lithium used in battery applications in the electric automotive and green energy storage markets, lithium is enjoying positive market sentiment. Adelaide Resources has embarked on an initiative to explore for lithium and has secured areas with hardrock potential as well as salt lakes which may host lithium in lake brines

Project Summary

Buoyed by the predicted strong growth in the demand for lithium used in battery applications in the electric automotive and green energy storage markets, lithium is enjoying positive market sentiment. Adelaide Resources has embarked on an initiative to explore for lithium and has secured areas with hardrock potential as well as salt lakes which may host lithium in lake brines.

DAVENPORT RANGES  (HARDROCK)

Location:                      Davenport Ranges, Northern Territory

Geological Province:  Davenport Province

Ground Holding:         Exploration Licence 31211, 540 sq kms

Commodity:                Lithium, Tantalum, Niobium, Tungsten, Tin

Ownership Status:     Adelaide Resources 100%

Project Characteristics:

  • project located in the Davenport Ranges in the Northern Territory
  • no previous lithium exploration conducted
  • historical occurrences of tantalum, niobium, tungsten and tin recorded at two prospects, a metal suite that commonly also includes lithium
  • mineralisation at Juggler associated with pegmatite veins, which are likely to be linked to the Elkedra Granite

COOLGARDIE  (HARDROCK)

Location:                      Coolgardie Region, Western Australia

Geological Province:  Eastern Goldfields

Ground Holding:         Exploration Licence E15/520, 92 sq kms

Commodity:                Lithium, Gold, Nickel

Ownership Status:     Adelaide Resources 100%

Project Characteristics:

  • the tenement secures a package of greenstones intruded by pegmatite dykes near the western contact of the extensive Burra Monzogranite
  • the geological setting is closely analogous to the Lithium Australia / Focus Minerals "Lepidolite Hill" project located 25 kms to the east
  • the tenement is also prospective for Archaean lode gold deposits, as evidenced by the historical Prince of Wales gold mine which is held under a small prospecting lease excised from, but surrounded by, Adelaide Resources' tenement
  • ultramafic rocks mapped on the tenement may also be prospective for Komatiite style sulphide nickel deposits

SOUTH AUSTRALIAN SALT LAKES  (BRINES)

Location:                      Eyre Peninsula and Lake Eyre region, South Australia

Geological Province:  Salt lake systems in semi-arid regions, SA

Ground Holding:         Exploration Licence E 5350, 96 sq kms

                                     Exploration Licence Application 16/017, 232 sq kms

                                     Exploration Licence Application 16/062, 751 sq kms

                                     Exploration Licence Application 16/063, 361 sq kms

                                     Exploration Licence Application 16/068, 929 sq kms 

Commodity:                Lithium, Potash

Ownership Status:     Adelaide Resources 100%

Project Characteristics:

  • tenements secure salt lakes with potential for lithium brines
  • no previous lithium exploration conducted
  • tenement applications made following positive lithium brine prospectivity assessments by Geoscience Australia
  • positive prospectivity attributes include high lithium concentrations in soils sediments in lake catchments and closed hydrological systems
  • low cost sampling programmes to determine if lithium is at elevated concentrations in the lake brines is planned

Overview

Andromeda Metals Limited is an Australian Securities Exchange listed company (code: ADN) focusing on mineral exploration for gold, lithium and copper deposits. Andromeda Metals currently has interests in 21 exploration licenses, covering 7,969 sq kms within South Australia, Queensland, Western Australia and the Northern Territory. Andromeda Metals’ vision is to be a sustainable minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.

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