BATTERY METALS

Spark New Energies is building a portfolio of tenements in Western Australia to explore for the elements that are vital for battery production. The demand for Lithium in particular, known as “White Petroleum” for its light weight and high energy content, is forecast to grow forty times within 20 years (IEA Special Report, 2021). Western Australia has been the largest global Lithium producer since 2016 and currently provides more than 50% of global Lithium supply. The state is recognised as one of the most important provinces for the additional supply required to feed the growth in future demand. Spark New Energies is leveraging its geological knowledge and teaming up with like-minded mineral explorers to identify and unlock potential through cost-effective work programs.

Spark New Energies is building a portfolio of tenements in the Western Australia by initially lodging applications for three mineral tenements in the Pilbara region. These are very early stage projects that are prospective for lithium mineralisation based on geology and surface stream sediment anomalies. The tenements are located in a region which hosts the world class Pilgangoora (Pilbara Minerals) and Wodgina (Mineral Resources) lithium deposits.

The tenements under application (EL 45/6109, EL 46/1424 and EL 45/6110) are located in the Pilbara region, an area which hosts the world class Pilgangoora (Pilbara Minerals) and Wodgina (Mineral Resources) lithium deposits. The area also has historical tin/tantalum (minerals closely associated with lithium) mines hosted in pegmatites but very little exploration for lithium has been undertaken despite encouragement from surface rock chip and stream sediment sampling. The Pilbara Project is untested by modern day lithium exploration despite being in an ideal geological setting.

A full desktop review of historic data is underway. The study will focus on previous surface sampling and limited core and chip sample data, spontaneous field and satellite imagery. Geological reconnaissance and detail mapping of historical known pegmatites will follow, with surface soil/rock chip sampling to evaluate the lithium potential in the areas.

The company is also actively evaluating a number of different opportunities with a view to growing its Battery Minerals tenement portfolio throughout Western Australia.