Assay TV catches up with Philip Le Roux, the chief executive officer of Arcadia Minerals (ASX: AM7), a diversified exploration company targeting a suite of projects aimed at tantalum, lithium, nickel, copper, and gold in Namibia.
Philip informs us that company’s flagship Bitterwasser project is advancing successfully, with a recently completed 11-hole drill programme.
Assay results at the project’s Madube Pan indicate elevated lithium results similar to the project’s Eden Pan, where a JORC Mineral Resource was defined of 286,909t Li2CO3 (LCE). Philip says that the confirmation of the presence of mineralization over the Bitterwasser Pan district bodes well for a meaningful expansion of the Mineral Resource Estimate over the Bitterwasser Lithium Clay Project.
Primary ticker: ASX:AM7
Stage of development: Exploration
Commodities: Tantalum, Nickel, Lithium, Copper, Gold, Tantalite
Project to promote: Bitterwasser
Project Location: Namibia