NickelSearch Broadens Lithium Frontier with New Carlingup Targets

Nicole Duncan, Managing Director of NickelSearch, expressed enthusiasm over the findings, stating, “Our work at the Quarry, where we exposed boulders of spodumene-bearing pegmatites in surface stockpiles, encouraged us to explore further afield in our tenement package. “In addition to our fieldwork, we studied our large dataset from historic exploration, and now have 14 drill targets plus 30 ongoing Areas of Interest.

“We have completed the review of the historic drilling database and have identified a number of historic results that are of great interest. At the Nindibillup Nickel Laterite deposit area, we were able to re-assay historic pulps, and the results confirm anomalous LCT pegmatite indicators.

“Regionally we have applied a systematic approach to conducting reconnaissance geological mapping, rock chip sampling and infill soil sampling over selected areas. We will continue to progress and extend our exploration program, which now includes the newly acquired tenements.”

These developments underscore the project’s expanded scope beyond its original nickel laterite focus, diving into the lithium domain with geological backing. The new drill targets, strategically positioned beyond the bounds of ongoing land access negotiations, promise a swift advancement in exploration activities.

The announcement comes on the heels of a meticulous review of NickelSearch’s historical drilling database, revealing several intersections with anomalous lithium and associated elements. These findings not only enhance the project’s lithium prospectivity but also reflect a strategic pivot towards minerals critical for future technologies.

Lithium, known for its pivotal role in rechargeable battery technology, stands at the forefront of the renewable energy transition. NickelSearch’s venture into lithium exploration aligns with the global push towards electrification and decarbonization, spotlighting the Carlingup Project’s potential role within the battery metals supply chain.

As NickelSearch prepares to kickstart its lithium-focused drill program, the anticipation builds around the Carlingup Project’s battery metals potential. NickelSearch had a market cap of $7.38M at time of writing, and a cash holding of $3.51M as of last quarterly (Q42023).