WA lithium miners defiant as government offers help
Spodumene producers were surprisingly upbeat on the outlook this week as the Western Australian government stepped in to offer assistance.
Owendale announced that the platinum assay results were received for all 107 reverse circulation drill-holes recently completed at 4 potentially connecting localities.
The company released the following results in their news release:
• Highest laterite assay 1 metre @ 21g/t Pt from Cincinnati; highest freshrock assay 1
metre @ 11.4g/t Pt
• Significant intercepts from each locality include (full results Table 1):
o FKD11-136, from 20-28m, 8m @ 2g/t platinum, from Owendale North
o FKD11-215, from 19-40m, 21m @ 3.2g/t platinum, from Box Cowal
o FKD 11-185, from 19-32m, 13m @ 1.5g/t platinum, from Cincinnati
o FKD11-204, from 40-45m, 15m @ 0.7g/t platinum, from Milverton
• Sufficient assay and geological continuity has now been established to commence
the first Owendale platinum resource estimation
• Large diameter diamond drill core program completed which will provide samples for
future metallurgical investigations
• Recently completed gravity and down-hole geophysical interpretation. Along with RC
drilling, this new geophysical data will be used to explore primary, fresh rock
platinum mineralisation
