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Lithium Energy Ltd. ( (AU:LEL) ) has issued an update.
Lithium Energy Limited has announced the results of re-assaying historical rock chip samples from the Mt Usher site within the Capricorn Gold-Copper Belt Project, confirming significant high-grade gold potential. The re-assay results revealed elevated levels of gold, silver, and base metals, suggesting a base metal-gold-telluride system associated with a quartz-feldspar porphyry system. With the recent granting of the Mt Usher Mineral Development Lease, the company plans to commence on-ground exploration activities to further define and extend the known gold mineralization, positioning Mt Usher as a high-priority exploration target.
More about Lithium Energy Ltd.
Lithium Energy Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the exploration of gold and copper, with a significant interest in the Capricorn Gold-Copper Belt Project in Queensland, Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$41.44M
For a thorough assessment of LEL stock, go to TipRanks’ Stock Analysis page.