Yari Minerals – 100% interest in the South Wodgina and Marble Bar Lithium Projects in the Pilbara, home to some of the largest hard rock lithium deposits in the world
Yari Minerals (YAR) owns 100% of the five exploration licenses (EL’s) in the Pilbara region of Western Australia, which were all granted in 2022.
These 5 exploration licenses cover 1,000 square kilometres and are prospective for lithium and tantalum.
The Pilbara is home to two of the largest know hard rock lithium deposits currently being exploited by Pilbara Minerals Ltd and a joint venture between Mineral Resources Limited/Albemarle Corporation.
The South Wodgina exploration licenses and are located due south of the Wodgina Lithium mine, with a JORC Reserve of 147.0MT @ 1.20@ Li2O and a JORC Resource of 259.0MT @ 1.17% Li2O. South Wodgina is directly east of Mount Francisco where previous drilling has interested pegmatites up to 30m thick returning elevated levels of tin, tantalum and lithium within one kilometre of Yari Minerals South Wodgina projects.
Yari Minerals plan for the highly prospective South Wodgina exploration licenses is to undertake regional exploration to develop target generation for future drilling.
Yari Minerals owns 100% of three exploration licenses in the Marble Bar region prospective for lithium, which were all granted in 2022 and have not been explored previously.
The Figtree, Camel Creek, and Ant Hill EL’s close to Marble Bar have elevated rear earths presenting at surface which can be associated with the type B granites where spodumene is found when the fractionation intensity allows for the pegmatites to be injected into the granites.
Global Lithium’s Archer Project located in the Marble Bar region hosts a JORC Resource of 18.0MT @ 1.00@ Li2O.
Until 3 April 2023, YAR owned and operated the Plomosas Mine in Mexico. On that date, the mine was sold to Impact Silver Corp. (TSX-V: IPT). The Company retains an interest in that Project through a 12% net profit interest royalty and shares in Impact Silver Corp. which were part of the purchase consideration.