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Delta Lithium Limited ( (AU:DLI) ) has shared an announcement.
Delta Lithium has reported further high-grade lithium drilling results from its advanced Mt Ida project, where an existing JORC mineral resource totals 14.8Mt at 1.2% Li2O with associated tantalum and rubidium, and downstream testwork has successfully produced 99.8% battery-grade lithium carbonate from a mica concentrate. At its Yinnetharra lithium and tantalum project, the company has defined a 21.9Mt resource at 1.0% Li2O and 39.4Mt at 102ppm Ta2O5, is more than halfway through a regional exploration program, and has intersected promising mineralisation at the Jameson prospect, while maintaining a strong funding position with $54 million in cash and substantial listed investments to support ongoing exploration and potential progression toward mining.
The most recent analyst rating on (AU:DLI) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Delta Lithium Limited stock, see the AU:DLI Stock Forecast page.
More about Delta Lithium Limited
Delta Lithium Limited is an ASX-listed lithium explorer and developer focused on advancing its 100%-owned Mt Ida and Yinnetharra lithium projects in Western Australia. The company targets hard-rock lithium, along with tantalum and rubidium by-products, positioning itself within the growing battery minerals sector and leveraging exposure to the Gascoyne Lithium Province and established mining regions north of Kalgoorlie.
Average Trading Volume: 1,231,599
Technical Sentiment Signal: Buy
Current Market Cap: A$200.8M
See more insights into DLI stock on TipRanks’ Stock Analysis page.