The Linopolis Jaime Project is located on a strategically held area of over 20 Lithium – Cesium – Tantalum (LCT) bearing pegmatites that have been mined intermittently for tantalite, beryl, tourmaline, brazilianite and feldspar intermittently by the Pacheco family and other artisanal miners for over 50 years.
Linopolis Jaime Project spodumene grades of up to 7.36% LiO2 with an average spodumene grade of 6.94% LiO2 confirmed within a +7m wide spodumene zone consisting of at least 20% volume coarse spodumene crystals up to 1m in length mapped over +7m in true width at the Sito do Estevinho underground mine workings.
Coarse spodumene crystals are rarely seen in lithium deposits. Greenbushes and Mt Marion lithium deposits are examples where they are known to occur.
There has been no lithium exploration within the Project area previously.
New applications lodged for 19,700ha for additional exploration licences in areas within 65km of Linopolis Jaime Project. This new ground is considered by OzAurum to be highly prospective for lithium discoveries, being the southern extension of the known LCT pegmatite belt and adjoins existing tenements granted for mining beryl.
Sigma Lithium’s Grota do Cirilo open pit project with reserves of *54.8 Mt @ 1.44% LiO2 currently in production along with the nearby Companhia Brasileira de Litio (CBL) underground lithium mine are both situated 200km north of the Project area.
The State of Minas Gerais Brazil is well served with excellent infrastructure including hydroelectric power, sealed highway/road network, and railway. The major export Port of Vitoria is situated 250km to the southeast of the Project area.
For full details on the project acquisition terms see OzAurum Acquires Lithium Project in Brazil