Gold-lithium explorer Kalamazoo Resources has been granted an exploration licence for the 993-square-kilometre Jingellic Lithium Project in the Lachlan Fold Belt in southern New South Wales.
The Project contains geology that is highly prospective for both pegmatite-hosted lithium-caesium-tantalum as well as hardrock tin mineralisation.
Kalamazoo chairman and chief executive officer Luke Reinehr said the new exploration ground was considered highly prospective for lithium.
“Our recent lithium exploration activities in the Marble Bar area in our joint venture with SQM, and at our 100 per cent-owned projects, has encouraged Kalamazoo to investigate new lithium projects and identifying such tenure close to our existing gold projects in Victoria is a real bonus,” he said.
“The grant of the Jingellic Lithiurn Project is our first initiative into New South Wales, and we are thrilled to be able to take advantage of our first mover status in targeting lithium in the highly prospective southern Lachlan Fold Belt.
“Increasing our portfolio to include NSW illustrates that Kalamazoo is entirely committed to becoming an all-Australian focused significant lithium and gold development company.”
Kalamazoo will immediately start the important community engagement process, before commencing an initial “low impact” exploration program involving a project-wide soil sampling program, in addition to detailed geological mapping and rock chip sampling.
Kalamazoo has a multi-pronged strategy focused on exploring for the next world class gold deposit in the Victorian Goldfields, whilst increasing the 1.65 million ounce gold resource at the newly acquired Ashburton Gold Project in the Pilbara, in addition to building on its other highly prospective and well located Pilbara gold assets.