Lightning Minerals begins soil sampling at Esperança and Dundas project

Proactive - Interviews for investors

Lightning Minerals Ltd (ASX:L1M) managing director Alex Biggs joins Proactive’s Tylah Tully to discuss soil sampling and ground reconnaissance initiated at the Esperança Lithium Project in Minas Gerais' Lithium Valley, Brazil. This follows the signing of an option agreement to acquire the project in August 2024. The on-ground exploration team, currently working at the Canabrava and Caraíbas lithium projects, will apply a similar approach at Esperança, focusing on soil sampling, ground reconnaissance and geophysical interpretation. The Esperança exploration will cover ~500 soil samples to test the area’s potential for lithium deposits, particularly around Salinas Formation rocks close to granites. Early results from the Canabrava project have already identified elevated lithium levels in soil assays up to 113ppm and additional results are expected soon from Caraíbas. Lightning Minerals is expediting its exploration activities by securing local teams to conduct the soil campaign quickly and cost-effectively. Biggs highlighted the importance of these efforts in consolidating their land holdings in the under-explored Lithium Valley, aiming for prioritised drill targeting in the coming months. Lightning is also undertaking targeted infill soil sampling at its Dundas Lithium Project in Western Australia to further define lithium drill targets as it tests previously identified lithium in soil anomalism of up to 147ppm #ProactiveInvestors #LightningMinerals #ASX #LithiumExploration #EsperançaProject #LithiumValley #BrazilLithium #CanabravaProject #CaraíbasProject #SoilSampling #Geophysics #MiningExploration #LithiumDeposits #BatteryMetals #MineralExploration #SustainableEnergy #RenewableEnergy #CleanEnergy #MiningNews #Geology #Pegmatites #GreenEnergy #MineralsExploration #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews