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Xenora Advances Dudley Lithium Project as New Soil Anomalies Emerge

Story Highlights
  • Xenora is progressing its Dudley Lithium Project earn-in while maintaining solid cash and new leadership.
  • New lithium soil anomalies and revised analytical methods are refining exploration at Dudley on Kangaroo Island.
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Xenora Advances Dudley Lithium Project as New Soil Anomalies Emerge

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An update from Todd River Resources Ltd. ( (AU:XRA) ) is now available.

Xenora Minerals has elected to proceed with Stage 1b of its earn-in at the Dudley Lithium Project, reinforcing the asset’s role in its critical minerals portfolio. The company maintains a strong cash position of A$2.3 million and has appointed experienced geologist Sam Ekins as managing director following the resignation of Will Dix.

During the March quarter, Xenora completed infill and extensional soil sampling at Dudley that identified a new zone of anomalous lithium and related elements, including the so-called Northern Pegmatite area. The shift to four-acid digest analytical techniques has also raised doubts about the effectiveness of earlier MMI soil sampling over lateritic cover, guiding a more refined exploration approach at the project.

More about Todd River Resources Ltd.

Xenora Minerals Ltd is an Australian exploration company focused on critical minerals, with a particular emphasis on lithium. The company is advancing the Dudley Lithium Project on Kangaroo Island in South Australia, where it is earning up to a majority interest and targeting pegmatite-hosted lithium and associated critical elements.

Average Trading Volume: 140,848

Technical Sentiment Signal: Sell

Current Market Cap: A$17.05M

For an in-depth examination of XRA stock, go to TipRanks’ Overview page.

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