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Lightning Minerals Ltd. ( (AU:L1M) ) has provided an announcement.
Lightning Minerals has announced the commencement of a drilling program at its Esperança lithium project in Brazil’s Lithium Valley, targeting spodumene pegmatites. The company has appointed Energold Drilling S.A. as the contractor for the 2,000-meter drilling campaign, which aims to explore identified lithium-rich areas and potentially uncover fresh pegmatites beneath weathered surfaces. This initiative marks the beginning of Lightning Minerals’ exploration efforts across multiple promising areas, potentially strengthening its position in the lithium market.
More about Lightning Minerals Ltd.
Lightning Minerals Ltd. operates in the mining industry, focusing on the exploration and development of lithium resources. The company’s primary focus is on its projects located in the Lithium Valley region of Minas Gerais, Brazil, where it aims to explore spodumene-bearing pegmatites for lithium extraction.
YTD Price Performance: 8.57%
Average Trading Volume: 320,080
Technical Sentiment Consensus Rating: Buy
Learn more about L1M stock on TipRanks’ Stock Analysis page.
