ADINA EAST LITHIUM PROJECT
James Bay, Quebec, Canada
Highlights
- Located in the prolific James Bay “lithium” district of Quebec
- 75% project ownership, 25% held by Electrification and Decarbonization AIE LP (E&D Fund), a fund managed by Waratah Capital Advisors ($4B CAD under management)
- US $500,000 payment made by E&D Fund for 25% off take from Adina East
- Adjacent to: Trieste Lithium Project (Loyal Lithium, LLI:ASX)
Proximal to: Adina Lithium Project (Winsome Resources, WR1:ASX) - La Grande Alliance eastern road will open up the Trieste greenstone belt and is expected to run through the Adina East Project
- Multiple pegmatite targets identified from LIDAR and orthophoto survey
The Focus
- 147 claims encompassing 72.7km2 in James Bay, Quebec
- Adjacent to interpreted extension of the of the Trieste greenstone belt1
- Loyal Lithium reported 40m at 1.2% Li2O in spodumene bearing pegmatite dykes starting < 5km from the western edge of the project2
- Mapped as having a similar geological setting as the Trieste Lithium Project (LLI.ASX) – Targeting metasediments in greenstones3
- Key “fractionation ratios” of K/Rb below 100 suggest the potential for a spodumene-bearing pegmatite to have been generated
- Significant rubidium enrichment, up to 658 ppm, indicative of magmatic fractionation which is a precursor to lithium saturation.
1 – Pinnacle Minerals Geological interpretation and Loyal Lithium – /https://loyallithium.com/trieste-lithium-project/
2 – Loyal Lithium ASX Announcement 18th January 2024 – “Dyke #01”
3 – Pinnacle Minerals Geological interpretation and Loyal Lithium –https://loyallithium.com/trieste-lithium-project/