Loyal (ASX:LLI) lithium strikes lie among world-class wonders

Loyal (ASX:LLI) lithium strikes lie among world-class wonders

March 21, 2024 Off By Jack Baker

Loyal Lithium drilling into Dyke #05 has returned topflight lithium and tantalum strikes within multiple intercepts and marked what could be a sea change moment for its Trieste project laying among the premium projects of Quebec’s James Bay province.

A headlining 31.8-metre at 2.2 per cent lithium oxide and 499 parts per million tantalum from 2.9m strike came among four more near-surface intercepts of similar calibre.

The intercepts came from a thick zone of mineralisation remaining open within the dyke’s spodumene rich pegmatite, with the high-grade mineralisation stamping Trieste alongside the region’s world-class lithium assets.

Loyal Lithium Managing Director Adam Ritchie said the company was thrilled to announce the exceptional results.

“Our team, alongside our geological partner, Dahrouge Geological Consulting, have been relentlessly advancing this unique and promising lithium project throughout the Canadian winter, facilitating a swift, low-cost focused drill campaign,” Ritchie said.

“These outstanding high-grade lithium and tantalum results are truly world class and solidify the Trieste Lithium Project as a standout among the pre-resource lithium plays in Quebec.

“As we continue to expand our geological interpretation efforts and streamline our operations, we are excited about the immense potential that lies ahead. With additional assay results from Dyke #04 anticipated in early Q2, we are well positioned to further unlock the potential of the Trieste Lithium Project.”

Uniquely large spodumene and tantalum oxide “mega crystals” were notably found both at surface and within Dyke #05, suggesting the desired geological and metallurgical attributes for low-cost mining and processing.

And with $6.3 million in the bank and more assays due, Loyal is rightfully looking at more drilling and exploration activities to open up the project through the Canadian summer.

On top of the six known spodumene-bearing dykes, Trieste holds multiple identified locations of fertile geochemistry and anomalous magnetics, offering significant discovery and scalability upside across two highly prospective areas.

Even after a descent from record-shattering lithium highs, intercepts like these are bound to get attention, particularly coming from a James Bay province as likely-looking as anywhere to be the eminent hub of North American production.

Significant results

  • 31.8m of 2.2% Li2O and 499ppm Ta2O5 from 2.9m – TR24-010 – including 10.2m at 3.0% Li2O and 929ppm Ta2O5
  • 28.1m of 2.1% Li2O and 66ppm Ta2O5 from 1.9m – TR24-002 – including 7.2m at 3.0% Li2O and 71ppm Ta2O5
  • 28.6m of 1.7% Li2O and 1,050ppm Ta2O5 from 6.5m – TR24-008 – including 5.9m at 2.7% Li2O and 4,432ppm Ta2O5
  • 23.8m of 1.7% Li2O and 732ppm Ta2O5 from 15.2m – TR24-007 – including 18.4m at 2.2% Li2O and 911ppm Ta2O5
  • 22.6m of 1.4% Li2O and 70ppm Ta2O5 from 7.0m – TR24-001 – including 10.0m at 2.2% Li2O and 133ppm Ta2O5

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