Avalon Hits Promising Lithium Deposits in Drilling Campaign

Avalon Advanced Materials (TSE:AVL) has released an update.

Avalon Advanced Materials Inc. has reported positive preliminary results from their 2024 winter drilling campaign at the Separation Rapids Project, indicating substantial lithium finds and suggesting a potential expansion of the mineral resource base. The company, in partnership with Sibelco, is updating the Mineral Resource Estimation to reflect the high-grade lithium deposits and the project’s promise, with a new report expected by the third quarter of 2024.

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