Arcadia Minerals: Confirms lithium in third pan at Bitterwasser, Namibia

Arcadia Minerals Confirms lithium in third pan at Bitterwasser, Namibia

  • Arcadia Minerals (AM7) confirms lithium mineralisation in a third pan at its Bitterwasser project in Namibia
  • Drilling at the Stryfontein pan returned similar lithium grades to holes drilled at the Eden and Madube pan, with up to 763 parts per million lithium hit over 1.6 metres
  • Given the results, AM7 expects Stryfontein to contribute to an enlarged mineral resource at the project, planned for the second quarter of this year
  • AM7 plans to carry out 15 additional drill holes at Stryfontein in May after an in-fill drilling program at the Eden Pan is completed next month
  • AM7 shares are down 4.35 per cent and trading at 22 cents at 2:22 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Standard Chartered Appoints Former Kinexys Co-Head as Global Payments Chief

New leadership aims to enhance the bank's payment strategies.Highlights: Standard Chartered appoints new Global Payments Chief.Former Kinexys co-head...

Kraken Gains Historic Fed Master Account Approval

Cryptocurrency exchange Kraken becomes the first to secure a master account with the Federal Reserve.Highlights: Kraken becomes the...

NatWest Strengthens Business Banking by Hiring Adeel Hyder from Starling

Hyder will lead the business banking team, enhancing NatWest's services.Highlights: Adeel Hyder joins NatWest from Starling Bank.Hyder will...

Innovate Finance Says BoE Stablecoin Proposals Will Chill UK Market

New stablecoin proposals from the Bank of England raise concerns for fintech growth.Highlights: Innovate Finance criticizes Bank of...