Oar Resources Limited (ASX: OAR) (“OAR” or “the Company”) has applied for five additional tenements surrounding its three already granted tenements at the Denchi Lithium Project near Wiluna in Western Australia’s Northern Goldfields.
The new tenements cover 784.3km2 across 253 blocks, expanding the existing project area to a total 1004.4km2.
The applications follow field reconnaissance in early December 2022 which identified a number of potential lithium bearing pegmatites outcropping within granites previously mapped by the Geological Survey of Western Australia.
The Denchi Lithium Project is located approximately 50km west of Wiluna and in proximity to several known lithium resources including Liontown Resources’ Kathleen Valley deposit.
Oar Resources Chief Executive Officer Paul Stephen said: “These tenement applications, once granted, will expand OAR’s project footprint considerably in this highly prospective area.
“Following recent work by our field exploration team, our confidence is further buoyed in the prospectivity of the Denchi Lithium Project. The presence of several lithium bearing pegmatites within the existing project area has been previously confirmed and there are visual indications of numerous additional potential pegmatites and similar geology in the surrounding areas.”
Figure 1 below shows the areas covered by the new applications, which when granted will incorporate large tracts of prospective ground in between and to the south-west of the existing grants.
