ASX-listed Okapi Resources has uncovered a 2-kilometre-long lithium target from a recently completed soil program at its newly acquired Lake Johnston project 450km east of Perth in Western Australia. Lithium in soil results have graded up to 86 parts per million, and bear strong similarities with nearby results recently announced by joint venture partner Charger Metals at the adjoining Mount Day project. Boots on the ground mapping by the company’s technical team has noted the presence of several pegmatites that point to the lithium potential of the area.
The region is attracting considerable attention following the discovery of the Earl Grey/Mt Holland lithium deposit by Kidman Resources and is now being developed by Wesfarmers and SQM approximately 70km west of the Lake Johnston Project. Mt Holland is understood to be one of the largest undeveloped hard-rock lithium projects in Australia with estimated reserves of 94.2 million tonnes at 1.5 per cent lithium oxide.
It is early days for Okapi at its newly acquired Lake Johnston project however with initial exploration efforts being met with early success, the company is well blooded for the hunt now.