ADINA EAST LITHIUM PROJECT
James Bay, Quebec, Canada
Highlights
- Located in the prolific James Bay “lithium” district of Quebec
- Agreement to acquire 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 to be 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) - Field trip completed in October 2023
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 multiple 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
- Multiple mapped pegmatites, local lithium occurrences,60+ lithium targets generated from satellite and radar imageryanalysis
1 – Pinnacle Minerals Geological interpretation and Loyal Lithium –https://loyallithium.com/trieste-lithium-project/
2 – Loyal Lithium ASX Announcement 16th August 2023 – “Dyke #05”
3 – Pinnacle Minerals Geological interpretation and Loyal Lithium –https://loyallithium.com/trieste-lithium-project/
Lithium Targets
- Multiple pegmatite outcrops and boulders sampled1
- Exploration timeline
- Rock chip sampling / mapping – Completed
- Further field mapping and rock chip sampling – Q2/Q3 2024
- Diamond / RC drilling of lithium targets – Q4 2024
1 – Pinnacle Minerals LIkited ASX announcement 22nd November 2023