Odin Prospect, Lithium, Western Australia

The Odin prospect is located in the Company's Southwest tenement package, which encompasses 281 km² of the Balingup metamorphic belt. The newly discovered lithium target is situated ~35 km south of Greenbushes, the world's largest hard rock lithium mine (produces ≈40% of the world's lithium). Odin was discovered following a detailed geological mapping and surface geochemical program, which identified a potentially lithium bearing pegmatite system.  

Results from the first two phases of surface exploration identified a target which extends over 1.9 km of strike and is up to 150 m wide. The geochemistry in the laterite is analogous to Greenbushes with significantly elevated levels of tin, tantalum and niobium. In addition to the geochemistry, mapping has confirmed the presence of coarse "books" of muscovite within the laterite which, in conjunction with the tin, tantalum and niobium anomalism is considered indicative of pegmatites in a deeply weathered environment.

The Company has secured landholder approval to drill test the Odin Prospect. In addition, Venture has also successful in receiving co-funding from the Western Australian State Government, which will effectively halve the cost of the Company's maiden drill program. In preparation for drill testing the Company's exploration team continued to do follow up sampling to fully define the geochemical signature of the lithium target in preparation for drill testing in early 2018.

 

Odin Prospect - "books" of muscovite indicating pegmatite occurrence