REG - Firering Strategic - Update on Atex Lithium-Tantalum Project
20/09/2023 18:30
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230920:nRST1280Na&default-theme=true
RNS Number : 1280N Firering Strategic Minerals PLC 20 September 2023
Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining
20 September 2023
Firering Strategic Minerals Plc
("Firering" or the "Company")
Update on Atex Lithium-Tantalum Project:
Part 1 of Phase II auger drilling campaign completed with six new pegmatite
zones identified
Commencement of 3,000 metres RC drilling campaign
Firering Strategic Minerals plc, an exploration company focusing on critical
minerals, is pleased to announce that it has completed part 1 of its Phase II
auger drilling campaign at Atex Lithium-Tantalum Project ("Atex"), its
flagship lithium project in Côte d'Ivoire which has resulted in the
identification of six new pegmatite zones. Firering, in conjunction with Ricca
Resources ("Ricca"), is now planning to commence its initial round of Reverse
Circulation ("RC") drilling targeting these zones in Q4 2023.
Highlights
· A total of 14,116 soil samples were collected during the large-scale
soil sampling campaign and tested in Atlantic Lithium's laboratory in Ghana
using portable x-ray fluorescence spectrometry ("pXRF") and Laser Induced
Breakdown Spectrometry ("LIBS"), with over 50% of the results reported in May
(announced on 30 May 2023).
· A total of nine target areas were identified, including six new
pegmatite zones in some of the target areas, and have been geologically mapped
in detail. The recent auger campaign focused initially on three of the nine
target areas.
· A total of 1,039 holes were drilled during part 1 of the Phase II
auger drilling campaign for a total of 6,015m of drilling and an average depth
of hole of 5.79m. End of Hole ("EOH") samples clearly identified previously
unidentified pegmatites.
· An initial 3,000m of RC drilling is planned to better define the
pegmatites identified during the auger drilling in terms of mineralisation,
size and orientation.
Yuval Cohen, Chief Executive Officer of Firering, said:
"I am delighted to announce that Firering, in conjunction with Ricca, has
completed the first part of its planned Phase II auger drilling campaign,
after successfully having completed its large-scale soil sampling campaign in
May 2023.
"Our partnership with Ricca has allowed us to significantly accelerate the
work at Atex to the benefit of all shareholders.
"Six new pegmatite zones were identified because of this auger drilling and
were geologically mapped in detail to direct our initial 3,000m of RC
drilling, planned for Q4 2023. We are also expecting the remaining c.45% of
the LIBS results that are still outstanding during Q4 2023.
"So far, the results of all our exploration work at Atex have been very
encouraging, indicating the potential of Atex becoming the first lithium
producing project in Côte d'Ivoire.
I am looking forward to keeping the market updated with our achievements at
Atex".
Interpretation of soil sampling and geological mapping
Firering's and Ricca's technical teams have interpreted soil sample results
from more than 50% of the pXRF and LIBS test work and completed detailed
geological mapping over the area covered by these results. Nine target areas
for detailed geological mapping and auger drilling were identified (refer
Figure 1), which included six new pegmatite zones in some of the target areas.
Completion of Part 1 of Phase II Auger Drilling
The first part of the Phase II auger drilling campaign was completed in August
2023. A total of 1,039 holes were drilled during this first part for a total
of 6,015m of drilling, resulting in an average depth of hole of 5.79m and
ranging from two to eighteen metres. All completed auger lines are shown in
Figure 2. The lithology of the EOH samples in the auger holes (marked in
yellow in Figure 2) clearly identifies pegmatites in some of the holes and was
used to delineate these sub cropping pegmatites (shown in red in Figure 2).
Identification of tourmaline zones
Additional geological mapping identified tourmaline zones that had not been
mapped previously. These tourmaline zones could be indicative of pegmatites;
tourmaline bearing schists occurs in the wall rocks close to some of the
pegmatite contacts as observed in the drill core collected during the initial
scout drilling programme completed in 2022. Tourmaline is a common accessory
mineral in pegmatites, including spodumene pegmatites, and tourmaline bearing
alteration aureoles may have developed in the host rocks around the
pegmatites.
An updated geological map, showing these tourmaline zones and completed auger
lines is shown in Figure 3.
Planning of next 3,000m of RC drilling
Based on the results from the soil sampling and the first part of the Phase II
auger drilling campaign, drill hole locations were planned for the initial
3,000m of RC drilling commencing in Q4 2023 (refer Figure 4). Holes drilled
as part of the 2022 Diamond Drilling ("DD") scout drilling campaign are shown
in black in Figure 4, and the planned RC holes in blue. Results from this RC
campaign will direct the future drilling programmes.
Figure 1: Updated geological map showing the nine identified target areas that
were mapped in detail; the auger drilling focused initially on Areas 1,2 and
6.
Figure 2: Completed auger lines in Areas 1, 2 and 6 superimposed on updated
geology and showing EOH lithology that clearly identifies the pegmatites.
Figure 3: Updated geological map showing tourmaline zones and completed auger
lines.
Figure 4: Plan view showing recently completed auger lines with end of hole
(EOH) geology in yellow (pegmatite) and cyan (aplite). 2022 DD holes are
shown in black and planned 2023 RC holes in blue.
Competent Person
In accordance with the AIM Note for Mining and Oil and Gas Companies, Firering
discloses that Michael Cronwright of CSA Global is the Competent Person that
has reviewed the technical information contained in this document. Michael
Cronwright has a Pr.Sci.Nat with the South African Council for Natural
Scientific Professions ("SACNASP") and is a member in good standing with
SACNASP. Mr Cronwright has the appropriate relevant qualifications,
experience, competence and independence to act as a Competent Person as
defined in the 2012 Edition of the "Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves". Michael Cronwright
consents to the inclusion of the information in this announcement in the form
and context in which it appears.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
*** ENDS ***
For further information and updates on Firering's exploration programme, visit
www.fireringplc.com or contact the following:
Firering Strategic Minerals Tel: +44 20 7236 1177
Yuval Cohen
Vassilios Carellas
SPARK Advisory Partners Limited Tel: +44 20 3368 3550
Nominated Adviser
Neil Baldwin / James Keeshan / Adam Dawes
Optiva Securities Limited Tel: +44 20 3137 1903
Broker
Christian Dennis / Daniel Ingram
St Brides Partners Limited T: +44 20 7236 1177
Financial PR E: firering (mailto:firering@stbridespartners.co.uk) @stbridespartners.co.uk
(mailto:firering@stbridespartners.co.uk)
Ana Ribeiro / Susie Geliher / Isabelle Morris
Notes to Editors:
Firering Strategic Minerals
Firering Strategic Minerals plc is an AIM-quoted mining company focused on
exploring and developing a portfolio of mines producing critical minerals in
the Côte d'Ivoire focused on Lithium and Tantalum to support the global
transition to net zero emissions. It operates the Atex Lithium-Tantalum
Project in northern Côte d'Ivoire, which is prospective for both lithium and
tantalum. Firering's main focus is working together with Australian
diversified minerals company Ricca Resources to advance development at Atex
with a view to establishing a maiden lithium resource and then progressing a
Lithium project through to DFS. Firering is also assessing pilot scale
production of ethically sourced tantalum and niobium to generate early
revenues and support further exploration work. Should pilot production be
successful, a large-scale Tantalum production facility may be developed, which
will be supported by a debt facility of FCFA 5,057,000,000 (approximately
€7,500,000) currently under negotiation to fund the entire scale-up plan to
develop a portfolio of ethically sourced mineral projects in the Côte
d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing
end markets.
Forward-Looking Statements
This announcement may contain some references to forecasts, estimates,
assumptions and other forward-looking statements. Although the Company
believes that its expectations, estimates and forecast outcomes are based on
reasonable assumptions, it can give no assurance that they will be achieved.
They may be affected by a variety of variables and changes in underlying
assumptions that are subject to risk factors associated with the nature of the
business, which could cause actual results to differ materially from those
expressed herein.
JORC TABLE 1Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections)
Criteria JORC Code explanation Commentary
Drilling techniques · Drill type (e.g., core, reverse circulation, open-hole hammer, rotary · Uncased auger drilling is used to collect samples at 1m intervals.
air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other type, · The drilling was conducted by Royal Mining, a company based in
whether core is oriented and if so, by what method, etc). Abidjan using 2x Drilling Equipment Plant LTD manufactured rigs and towed by a
Jiang Fa 2500 tractor. The rigs total depth capability was ~18m.
· All holes were drilled vertically.
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · 1039 auger soil samples were collected weighing between 2kg and
results assessed. 6.0kg, averaging 3.0kg.
· Measures taken to maximise sample recovery and ensure representative · Sample recoveries are considered suitably representative for the
nature of the samples. purposes of target generation.
· Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.
Logging · Whether core and chip samples have been geologically and · All the auger holes were geologically logged at 1m sample intervals.
geotechnically logged to a level of detail to support appropriate Mineral
Resource estimation, mining studies and metallurgical studies. · All samples were photographed.
· Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
· The total length and percentage of the relevant intersections logged.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core · The soil samples were processed at FSM's camp in Tounvré.
taken.
· Samples were oven dried for up to 120 mins and then pulverised with a
· If non-core, whether riffled, tube sampled, rotary split, etc and motor and pestle until all material passed through 0.16mm sieve.
whether sampled wet or dry.
· 2 pulp samples of 100-200g of the screened material was then
· For all sample types, the nature, quality and appropriateness of the collected, one bagged and labelled for despatch to Ricca Resources laboratory
sample preparation technique. in Ghana and the duplicate remained as reference pulp sample in Tounvré camp.
The remaining material was retained.
· Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples. · In Ghana a pressed pellet was produced from the sample using a manual
hydraulic press and the remaining sample retained.
· Measures taken to ensure that the sampling is representative of the
in-situ material collected, including for instance results for field · The 1m auger samples were riffle split on site to obtain a nominal
duplicate/second-half sampling. 5kg subsample. A 5kg (or of similar mass) duplicate sample was also prepared
for each sample from the reject material and has been retained on site. Wet
· Whether sample sizes are appropriate to the grain size of the clay samples are coned and split by hand and dried in the oven with other
material being sampled. samples.
· The sample captured from the drill string is placed in 50cm wide
washing tubs hand mixed and spilt through a 50:50 splitter.
· The auger samples are being processed at FSM's camp in Tounvré.
· Samples were oven dried for up to 120 mins and then pulverised with a
motor and pestle until sufficient material passed through 0.16mm sieve.
· A subsample comprising a100g scoop from each metre sample is taken
and placed in plastic bag for air drying and pXRF and at Tounvré base.
· The ~3-5kg EOH field samples is split 50:50 at camp with this primary
sample being prepped and the field duplicate stored at FSM's camp. The primary
2.5kg sample is prepped and generates two 100g minus 160micron subsamples. One
is bagged and labelled for despatch to Ricca Resources laboratory in Ghana and
the duplicate remained as reference pulp sample in Tounvré camp. The coarse
reject is discarded. The auger top of saprolite samples are considered
suitable for identifying exploration targets.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying and · The soil samples were couriered to Ricca Resources Ghana laboratory
laboratory procedures used and whether the technique is considered partial or where they will be subject to industry accepted sample preparation and multi
total. element analysis by pXRF for 34 elements including Rb, Sn, Nb and Zr and LIBS
for Li.
· For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument make and · Olympus Vanta XRF Analyzer model VMR series was used in reading
model, reading times, calibrations factors applied and their derivation, etc. multi-element suite and SciAps LIBS analyser for reading and Li and selected
elements.
· Nature of quality control procedures adopted (e.g., standards,
blanks, duplicates, external laboratory checks) and whether acceptable levels · Internal laboratory QAQC checks analysis on its own certified
of accuracy (i.e. lack of bias) and precision have been established. reference material of standards and blanks /inserted at regular interval into
the sample stream are reported.
· QAQC performance was monitored and reviewed by Ricca and demonstrated
the results are acceptable for the reporting of the results.
· The Competent Person is satisfied that the results of the QAQC are
acceptable and that the assay data from are suitable for the reporting of
exploration results.
· Geophysical instruments were not used in assessing the
mineralisation.
Verification of sampling and assaying · The verification of significant intersections by either independent · CSA Global (CSA) has not observed any of the sampling process
or alternative company personnel. executed by Ricca Resources sampling team.
· The use of twinned holes. · No verification sampling was done.
· Documentation of primary data, data entry procedures, data · The auger logging and sampling data are captured on tablets that were
verification, data storage (physical and electronic) protocols. imported into a SQL database managed by CSA Global.
· Discuss any adjustment to assay data. · The field programme was managed by Ricca Resources
· All hole locations are recorded on a handheld GPS on tablets.
· All data is stored locally on a laptop computer and backed-up onto
the cloud.
· The assay data has not been adjusted.
Location of data points · Accuracy and quality of surveys used to locate drill holes (collar · All soil sampling locations were captured using a handheld GPS The
and down-hole surveys), trenches, mine workings and other locations used in information was then transferred to the logging Excel spreadsheets.
Mineral Resource estimation.
· Coordinates are relative to WGS84 UTM zone 29P.
· Specification of the grid system used.
· The locations are considered suitably accurate for the purpose of
· Quality and adequacy of topographic control. reporting exploration results.
· The auger hole locations were recorded using a handheld GPS device.
· Coordinates are relative to WGS84 UTM zone 29P.
· The locations are considered suitably accurate for the purpose of
reporting exploration results.
· The results will not be used in any Mineral Resource estimation.
Data spacing and distribution · Data spacing for reporting of Exploration Results. · Soil sampling was completed on east-west grid with lines spaced at
100m apart and samples collected at 100m intervals along the lines to create a
· Whether the data spacing and distribution is sufficient to establish 100x100m sample grid across the Atex licence.
the degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and classifications applied. · The spacing is considered suitable to determine targets associated
with LCT pegmatites for follow-up exploration work.
· Whether sample compositing has been applied.
· No sample compositing was done.
· Auger lines were laid out along a northeast-southwest pattern with
lines spaced 150m apart covering selected soil anomalies. Station spacing
along the lines orientated in a northwest-southeast direction is 20m.
· The spacing is considered suitable to determine targets for follow-up
work.
· No sample compositing was done.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of · Soil sampling was completed on east-west grid with lines spaced at
possible structures and the extent to which this is known, considering the 100m apart and samples collected at 100m intervals along the lines to create a
deposit type. 100x100m sample grid across the Atex licence and was suitable to delineate
several soil anomalies for targeted follow up in the subsequent auger
· If the relationship between the drilling orientation and the programme.
orientation of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material. · Individual auger lines were orientated northwest-southeast
(perpendicular to the inferred orientation of the pegmatite at Spodumene
Hill), and trend of the soil anomalies, and lines spaced at 150m along a
northeast-southwest orientation.
· The grid was designed to determine potential strike extents to the
northeast-southwest striking Spodumene Hill pegmatite and also test a number
of the additional soil anomalies identified from the soil sampling programme.
· No relationship has been establishing between the interpreted
pegmatite intercepts from the auger holes and true widths.
· The results will not be used in any Mineral Resource estimation.
Sample security · The measures taken to ensure sample security. · All soil and auger samples were collected, labelled and bagged on
site by the Ricca exploration team.
· At the end of each day the samples were placed in large plastic bags
and large plastic labelled bags. Each bag usually contained samples from one
hole.
· Samples were secured and stored in FSMs core yard facility in
Tounvré where the sample preparation was also done.
· Sample batches of the prepared sample material were then dispatched
to Ricca Resources' laboratory in Ghana for assay by LIBS and pXRF.
· Sample transport to Ghana was managed by Ricca Resources and
facilitated by Intertek Yamoussoukro Prep lab, which delivered the samples to
Ghana on behalf of Ricca Resources
· A chain of custody sheet was verified and signed off at each stage in
transit before in get to the Laboratory in Ghana and finally checked and
signed by the recipient.
· The sample lists were submitted to the Ricca Resources laboratory in
Ghana electronically and checked by the recipient against what was received.
· Batch tracking file is updated regularly, considering the status of
samples dispatched and results received.
Audits or reviews · The results of any audits or reviews of sampling techniques and data. · The soil sampling and auger sampling technique was reviewed by Ricca
Resources and the Competent person.
· Regular reviews of the data and assay results have been conducted to
ensure the data are suitable for target generation purposes.
· Discussions were also held with key technical staff from Ricca
Resources regarding the geology, sampling and data capture they conducted.
· The Competent Person considers that the exploration work conducted to
date is using appropriate techniques for the style of mineralisation and is
suitable for the reporting of the exploration results.
Section 2 Reporting of Exploration Results
(Criteria listed in the previous section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · The Atex exploration permit was issued as PR-777 on 6 December 2017
agreements or material issues with third parties such as joint ventures, to Atex Mining Resources and was valid for 4 years, expiring in December 2021.
partnerships, overriding royalties, native title interests, historical sites, In March 2021, Firering Holdings acquired 51% of Atex Mining and has an option
wilderness or national park and environmental settings. to acquire an additional 39%.
· The security of the tenure held at the time of reporting along with · PR-777 has been renewed for an additional three years for Li,
any known impediments to obtaining a licence to operate in the area. expiring on 5 December 2024. The Mining Code of Ivory Coast allows for the
adding of other commodities, e.g., Ta and Au when found during exploration
activities.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · Within PR-777 limited exploration work comprising geological mapping
and prospecting focussed on the eluvial, alluvial and pegmatite hosted
columbo-tantalite mineralisation was done between 1953 and 1963. This work
identified the area to have "good" potential for columbo-tantalite
mineralisation as well some evidence of placer gold mineralisation around
Touvre.
· Adam (1966) conducted the systematic exploration in the area on
behalf of SODEMI from 1965-1966. His work comprised non-systematic and
systematic pitting, mapping, rock chip and mineral concentrate sampling. The
work identified several areas with potentially economic columbo-tantalite
mineralisation as well as the spodumene-lepidolite bearing pegmatite(s) around
Spodumene Hill. His mapping also recognised 5 types of pegmatites in the area,
namely:
· lepidolite, muscovite, spodumene, columbo-tantalite type;
· green muscovite, columbo-tantalite type;
· green muscovite and beryl type;
· muscovite, beryl type; and
· biotite, magnetite type.
· More recently, the permit was covered by a larger licence held by
Perseus Mining Limited who were exploring for gold within the region. The
results of this exploration are unknown.
· It is understood that they conducted airborne geophysical (magnetic
and radiometric) surveys over the area.
· The most recent exploration conducted has been by Atex Mining
Resources who conducted mapping, rock chip sampling, limited drilling and
licence wide soil sampling and focuses auger drilling targeting the lithium
potential of the licence and confirmed the presence of spodumene and
lepidolite mineralisation in the area around Spodumene Hill.
Geology · Deposit type, geological setting and style of mineralisation. · The Atex Project occurs in the western limit of the Bagoé Basin within
Baoulé-Mossi domain of the West African Craton (WAC). The WAC comprises
Archaean basement material and the surrounding Proterozoic granite-greenstone
terranes (termed the Birimian or Birimian Supergroup). The Birimian rocks are
synchronous with the Eburnean orogeny. The Baoulé-Mossi domain comprises
several north-northeast to south-southwest to north-south arcuate belts that
stretch hundreds of kilometres and are host to multiple gold, base metal, and
pegmatite-hosted columbo-tantalite and lithium deposits that are spatially and
temporally related to the Eburnean orogeny that took place between 2,250 and
1,980 Ma.
· The geology of the Project area is underlain by Birimian metavolcanics
and Eburnian-aged granitoid intrusions, including undeformed, late stage
potassic granites considered to be genetically related to the pegmatites.
· Historical work within the permit area has identified several pegmatite
types within the licence area, including pegmatites that are prospective for
lithium and columbo-tantalite mineralisation. The exploration work by Adam
(1966) also identified surficial columbo-tantalite mineralisation associated
with the pegmatites and weathering thereof.
· Recently, several companies have demonstrated the potential for
pegmatite-hosted lithium mineralisation in the region. These include Atlantic
Lithium (previously IronRidge Resources) who have developed the Ewoyaa Lithium
Project in Ghana, Firefinch (previously Mali Lithium) and their Goulamina
project and Kodal Minerals with their Bougouni project bothin southern Mali.
· The pegmatites within the Atex permit belong to the LCT-Rare Element
group of pegmatites and includes the LCT spodumene-lepidolite bearing
pegmatite at Spodumene Hill and muscovite-columbo-tantalite type pegmatites.
· The pegmatites within the Atex Proiect are hosted in mafic schists,
although some minor mica schist is also present, and comprise a series of
steeply dipping north-northeast striking bodies. Less common are smaller
east-west orientated pegmatites Current work by Firering Strategic Minerals
has identified several pegmatite bodies around Spodumene Hill, which have been
the focus of the current drilling campaign.
· Several of these pegmatites have been identified to be potentially
lithium bearing, with the lithium hosted in spodumene and lepidolite.
· The area is also considered moderately prospective for orogenic
Birimian gold mineralisation based on the local geology and proximity to
several gold deposits in the broader region. Historical exploration in the
1960s also noted a small "placer" gold deposit close to Tounvré.
Drill hole Information · A summary of all information material to the understanding of the · All relevant maps showing the sample locations results have been
exploration results including a tabulation of the following information for included in the announcement.
all Material drill holes:
· Geological results have been reported.
o easting and northing of the drill hole collar
· Only lithium results have been reported for the soils as this data best
o elevation or RL (Reduced Level - elevation above sea level in metres) of summarises and highlights the potential target areas identified.
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
· If the exclusion of this information is justified on the basis that
the information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods · In reporting Exploration Results, weighting averaging techniques, · Results plotted and interpreted are based on the geology encountered in
maximum and/or minimum grade truncations (e.g., cutting of high grades) and the end of hole auger sample.
cut-off grades are usually Material and should be stated.
· No data aggregation or metal equivalents have been reported.
· Where aggregate intercepts incorporate short lengths of high-grade
results and longer lengths of low-grade results, the procedure used for such
aggregation should be stated and some typical examples of such aggregations
should be shown in detail.
· The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship between mineralisation widths and intercept lengths · These relationships are particularly important in the reporting of · There is no relationship between the lithium results in the soil
Exploration Results. samples and possible pegmatite hosted lithium mineralisation.
· If the geometry of the mineralisation with respect to the drill hole · There is no relationship between the geological results from the auger
angle is known, its nature should be reported. samples and possible pegmatite hosted lithium mineralisation.
· If it is not known and only the down hole lengths are reported, there · No relationship has been established with respect to the target sizes
should be a clear statement to this effect (e.g., 'down hole length, true and the size of potential pegmatite hosted lithium mineralisation. However,
width not known'). the auger results do provide a more accurate delineation of the pegmatites for
follow up drill targeting.
· Follow-up exploration work is required to test the targets identified
and establish whether the targets are associated with mineralised pegmatites.
Diagrams · Appropriate maps and sections (with scales) and tabulations of · Relevant maps are presented in the accompanying documentation.
intercepts should be included for any significant discovery being reported
These should include, but not be limited to a plan view of drill hole collar
locations and appropriate sectional views.
Balanced reporting · Where comprehensive reporting of all Exploration Results is not · The reported exploration results from the Atex project are related to
practicable, representative reporting of both low and high grades and/or the logged geology and assays from the soil sampling and logged geology from
widths should be practiced to avoid misleading reporting of exploration the auger drilling completed to date.
results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be · Not applicable.
reported including (but not limited to): geological observations; geophysical
survey results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances.
Further work · The nature and scale of planned further work (e.g., tests for lateral · Additional exploration is planned and summarised in the accompanying
extensions or depth extensions or large-scale step-out drilling). documentation.
· Diagrams clearly highlighting the areas of possible extensions, · This work will be used to plan and refined the drilling planned by FSM.
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive. · Maps are included in the Report.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END UPDPPUWGBUPWGMURecent news on Firering Strategic Minerals
See all newsREG - Firering Strategic - First Quicklime Sales & Expansion Ongoing
AnnouncementREG - Firering Strategic - Increases Interest in Zambian Quicklime Project
AnnouncementREG - Firering Strategic - Commercial Production Gains Momentum at Limeco
AnnouncementREG - Firering Strategic - Result of Placing and Subscription
AnnouncementREG - Firering Strategic - Proposed Placing & Subscription
Announcement