Perth-based Venus Metals’ Henderson project north of Menzies in WA could turn out to be a triple header with the company recently completing a hard-rock lithium sampling and mapping program at the gold and nickel site. . The area looks to be developing into a hub for battery mineral exploration with Red Dirt Metals having just uncovered a fresh suite of spodumene-bearing lithium pegmatites at its Mt Ida project, around 10 kilometres from Venus’ tenure.
The lively neighbourhood also includes Ora Banda Mining’s lepidolite-rich pegmatite tenure south of Venus’ Henderson project. Interestingly, Ora Banda recently used historical geological mapping to uncover several lithium-bearing pegmatites over a 10 km zone near its’ Riverina fold mine. Venus’ Henderson project is a five-piece puzzle of exploration licenses. The area covers an 800 square kilometre zone that takes in an approximate 25km strike length of the Ularring Greenstone belt.
Lithium is quickly becoming one of the world’s most sought-after metals on the back of increased electric vehicle production. Demand for the resource has skyrocketed in recent times and there is a strong belief this trend could linger as the world moves towards “cleaner” energy. Australia produces about 20 per cent of the world’s lithium, mostly from the hard-rock mining of spodumene.
The bulk of global production is from Chile which manufactures over 50 per cent of lithium through hypersaline brines called ‘salars’.