SPENCER LITHIUM PROJECT – NEVADA USA(Zenith 45%, subject to JV partner meeting funding obligations)
  • Initial reconnaissance sampling by Zenith returned up to 550ppm lithium in surface sediments – comparable to and higher than those from competitor lithium brine projects in the USA;
  • The high-grade lithium surface sample results are coincident with gravity low anomalies reflecting basin sedimentary sequences that potentially host lithium brines.
  • Local geothermal springs indicate active circulating hot waters capable of leaching lithium whilst both aeromagnetic and gravity modelling indicate complex basement geology indicative of major faults capable of channeling and focusing lithium enriched geothermal fluids; and
  • Infill surface sampling and ground based geophysical surveys are planned prior to drill testing.