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Tyranna Resources: Confirms high-quality spodumene at Namibe, Angola

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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.

Tyranna Resources Confirms high-quality spodumene at Namibe, Angola

  • Tyranna Resources (TYX) confirms the presence of high-quality spodumene mineralisation at its Namibe lithium project in Angola
  • The company has received results from 50 rock chip samples, which returned an average grade of 3.21 per cent lithium oxide and a peak grade of 9.74 per cent lithium oxide
  • Twenty-five samples contain spodumene, with 12 samples returning an average grade of 7.49 per cent lithium with very low levels of contaminants
  • The company says it is highly encouraged by the economic potential of the project and will use the results to design its upcoming maiden drilling program
  • Company shares are down 5 per cent to trade at 3.8 cents at 12:47 pm AEST
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