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Argonaut Resources has completed a 30-hole reverse circulation drilling program targeting LCT pegmatites at the Darson prospect within its 80% held Higginsville project in Western Australia.
Drilling results confirmed the presence of fertile LCT pegmatites capable of hosting higher-grade lithium deposits, with shallow intercepts and ancillary elements like caesium, tantalum, and rubidium.
Some significant lithium, caesium, and tantalum intercepts were reported, with notable findings such as 9m at 0.19% Li2O, 10m at 696ppm Cs2O, and 3m at 937ppm Ta2O5, indicating promising prospects for the project.
Argonaut Resources NL's 90% held subsidiary, Mwombezhi Resources Ltd, has had their appeal against the grant of a new licence over the Lumwana West area in North-western Zambia refused by the Zambian Minister of Mines and Mineral Development.
The Company is considering the decision and is aiming for the reinstatement of the Lumwana West exploration licence to Mwombezhi Resources Ltd.
Legal action can be taken as an appeal of the minister's decision to the Mining Tribunal or through other forms of relief available under the Zambian Mining Act.
Argonaut Resources NL's Zambian subsidiary, Mwombezhi Resources Ltd, has filed an appeal against the purported cancellation of the Lumwana West licence and the hasty and illegal re-grant to a newly registered company.
The Zambian High Court has ordered the Minister for Mines to decide the appeal within 30 days.
The legal action is aimed at the prompt reinstatement of the Lumwana West licence to Mwombezhi Resources Ltd.