Lightning Minerals Ltd. (AU:L1M) has released an update.
Lightning Minerals Ltd. has discovered significant lithium-bearing spodumene within its Esperança project in Brazil, potentially transforming their prospects in the region. Preliminary results from Laser Induced Breakdown Spectroscopy indicate up to 4.04% lithium oxide, setting the stage for a fully funded drilling campaign in early 2025. This discovery could enhance the company’s exploration strategy across its Brazilian projects, attracting investor interest in the burgeoning lithium market.
For further insights into AU:L1M stock, check out TipRanks’ Stock Analysis page.