Prospect Resources Reports High-Grade Lithium Discovery at Step Aside Mine
Prospect Resources Limited has unveiled high-grade lithium deposits at the Step Aside Mine following its Phase 2 diamond drilling. The discovery, located near the former Arcadia Lithium Mine, signals significant potential for lithium production in the region.
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Prospect Resources Limited (PRL) has completed Phase 2 of its diamond drilling at the Step Aside Mine, revealing high-grade lithium deposits. The program involved 20 drill holes over approximately 2,221 meters, successfully extending lithium mineralization at key pegmatites.
The Step Aside project, acquired in March 2022, is situated near the sold Arcadia Lithium Mine. PRL has announced cash reserves of US$18.86 million for ongoing exploration. The next stage of drilling aims to further target lithium mineralization and follow up on promising soil geochemical anomalies. Continued investment in these explorations may enhance PRL's standing in the lithium market, crucial for battery manufacturing.
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