ASX ANNOUNCEMENT
16 January 2018
ASX: TKM ARBN: 124 462 826
Board of Directors
Mr Greg Bittar Non‐Executive Chairman
Mr Bradley Drabsch Managing Director
Ms Sonja Neame Non‐Executive Director
Mr Michael Bowen Non‐Executive Director
Issued Capital
Shares -312.3 M Options - 114.9M Share Price - A$0.035 Market Cap. - A$10.9M
Registered Office - Australia
Suite 5/56 Kings Park Rd WEST PERTH WA 6005
Registered Office - Bermuda
Trinity Hall
43 Cedar Avenue HAMILTON HM12
Postal Address
P.O. Box 1796
WEST PERTH WA 6872
T +61 8 6555 1879
Einfo@trekmetals.com.auW trekmetals.com.au
Highly Prospective NT Lithium - Cobalt Project Tenure Grants
6 of 7 EL's in the Northern Territory now granted
HIGHLIGHTS
6 of 7 Lithium and cobalt project tenements located in Northern Territory, Australia now granted
Project includes historical reports of lithium, cobalt, tin, tungsten, copper, tantalum and niobium anomalism and/or mineralisation
Reconnaissance field work indicates large volumes of granite with pegmatites and copper mineralisation at surface
Historical exploration review to evaluate numerous opportunities within the extensive ground package is ongoing
Trek Metals Limited (ASX:TKM) is pleased to announce that six of the seven applications in the Northern Territory that are highly prospective for Lithium and Cobalt forming the Arunta Li‐Co Project have now been granted.
An ongoing process of historical data compilation is underway with the first on‐ground field work anticipated during Q2 2018.
A reconnaissance field trip was undertaken late last year and confirmed the presence of widespread granites mapped as Wangala Suite which are considered highly prospective sources for lithium mineralisation in the Northern Territory. Outcropping copper mineralisation was also present at one location visited during the excursion.
Trek Managing Director Bradley Drabsch commented that "the grant of these tenements has happened sooner than expected and now presents Trek with an excellent opportunity to push ahead with Australian based exploration in concert with our African work. Both these projects are at the frontier of exploration with Trek set to take advantage of continued strength in metal prices across the board.".
Arunta Lithium - Cobalt Project
The key technical aspects of the Arunta Lithium - Cobalt Project are as follows:
7 ELA's for a total of 5,274 km2
Approximately 200km NW of Alice Springs adjacent to the Tanami Road with a major unsealed link road to the Stuart Highway traversing the eastern part (Napperby) of the project area
Wangala Suite Granites mapped across the Napperby area - highly lithium fertile rocks
Historic rock chips up to 0.12% Cobalt in Lander Bed meta‐sediments
Southwark Granite in the western part of the project area (Mt Singleton) contains pegmatites and greisen phases with elevated tungsten - highly lithium fertile rocks
Abundant pegmatites mapped in both regions of the project
Exploration possible year‐round with access along pastoral and exploration tracks
Potential exists also for tin, tungsten, copper, gold, tantalum and niobium mineralisation
Compilation of historical data will be ongoing with a more complete understanding of the potential of the tenements to continue to emerge in the coming months with commensurate ground works beginning during 2018.
Figure 1: Wangala Suite Granites
Figure 2: Rocks from a copper occurrence on EL31598 (671,850mE 7,568,900mN Z52)
COMPETENT PERSONS STATEMENT
The information in this report that relates to exploration results is based on information compiled by Mr Bradley Drabsch, Member of the Australian Institute of Geoscientists ("AIG") and Managing Director of Trek Metals Limited. Mr Drabsch has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a competent person as defined in the JORC Code 2012. Mr Drabsch consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
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Figure 3: Regional Location Plan
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Figure 4: The Arunta Project tenements on regional 1VD Aeromagnetics
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Trek Metals Ltd. published this content on 16 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 January 2018 23:09:04 UTC.
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