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Delta Lithium Limited ( (AU:DLI) ) has provided an announcement.
Delta Lithium Limited has updated the Mineral Resource Estimate (MRE) for its Mt Ida Lithium Project, now including a significant rubidium resource alongside lithium and tantalum. The project is fully permitted for open pit and underground mining, and the inclusion of rubidium is expected to enhance the project’s economics by adding a new revenue stream. The company is conducting downstream processing and vertical integration studies, with positive initial results. The ongoing gold drilling by Ballard Mining is providing additional data, increasing resource confidence and aiding in the de-risking of the project.
The most recent analyst rating on (AU:DLI) stock is a Buy with a A$0.35 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 a company operating in the mining industry, focusing on the extraction and processing of lithium and other critical minerals. The company is involved in the Mt Ida Lithium Project, which includes the extraction of lithium, rubidium, and tantalum. Delta Lithium has recently demerged its high-grade gold assets into Ballard Mining, allowing it to concentrate on its lithium operations.
Average Trading Volume: 928,408
Technical Sentiment Signal: Sell
Current Market Cap: A$125.5M
Learn more about DLI stock on TipRanks’ Stock Analysis page.