Askari Metals has concluded its previously announced takeover of the Hillside lithium project in the Tambourah Lithium District of Western Australia.
The company announced the agreement last November.
Askari Metals acquired 100% of Greenstone Lithium, which owns the Hillside lithium project.
The 60km² project is located 4km north-east of Riversgold’s Tambourah Project and Trek Metals’ Tambourah North Project.
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Spodumene was recently discovered during drilling and rock sampling.
This project is reportedly highly prospective for lithium-tin-tantalum (Li + Sn + Ta) mineralisation.
With this acquisition, Askari’s landholding in Western Australia’s eastern Pilbara lithium region increases to 2,300km², close to its existing deposits and new discoveries.
The potential for exploration at Hillside is also claimed to be significant because of recent exploration success in the area.
Multiple high-priority exploration zones were identified in the project that will be further examined.
The region claims to have hundreds of pegmatite outcrops within the project.
Several of these are interpreted to range between small and medium in size, and there is also significant potential for larger lithium, caesium, and tantalum (LCT) pegmatite bodies, particularly in areas of folded or faulted greenstones.
These pegmatites also have the potential for rare earth elements and tin.
The larger zoned LCT pegmatites are expected to be more prospective of spodumene while lepidolite can occur in narrow dykes.
Askari Metals executive director Gino D’Anna said: “The Hillside lithium project forms an integral component to the company’s eastern Pilbara lithium portfolio in Western Australia.
“We believe the exploration potential of this project is significant, highlighted by the recent exploration success at the Tambourah lithium project owned by Riversgold Limited and the Tambourah North lithium project owned by Trek Metals. This area is seeing a lot of dedicated lithium exploration and is a hive of activity.”