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TinOne Resources has reported an expansion of its lithium discovery at the Aberfoyle Project in Tasmania, Australia. Recent sampling revealed lithium oxide values up to 1.14%, with significant lithium-bearing rock samples identified over an area of approximately 12 hectares. The company has been actively exploring for tin but found elevated lithium levels during these explorations. With the portfolio covering vital tin districts, including Rattler Range and Great Pyramid, TinOne is focused on geological mapping and further sampling to ascertain the extent of lithium mineralization. The company's shares trade at $0.165.
TinOne Resources (TSXV:TORC, OTCQB:TORCF) has discovered lithium at its 100%-owned Aberfoyle Project in Tasmania, Australia, during exploration for tin. The project spans 9,600 hectares, where reconnaissance efforts yielded 10 samples with lithium values of at least 0.1% Li2O, with a peak of 0.57%. These findings suggest a potential lithium camp, confirmed by additional analyses. Australia, producing over 50% of global lithium, anticipates rising demand, expected to hit 1.5 million tonnes by 2025. TinOne's Great Pyramid project remains its most advanced asset, showing an historical resource estimate of 10.4 kilotonnes of contained tin. Shares are trading at $0.145.
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