Dakota Minerals (ASX:DKO) has now confirmed its Sepeda project could be considered a major new lithium discovery as the final few holes that have been drilled as part of the 2016 drill campaign have confirmed the existence of a thick and high-grade lithium zone.
With drill intercepts such as 74 meters at 1.54% Li2O and 27 meters at 1.49%, the project’s average grade could easily be compared with the existing and advanced-stage hard rock lithium projects. The economics of a deposit like this could be phenomenal as the high-grade lithium starts at surface and seems to be widening at depth.
This resulted in Dakota immediately starting a Phase Two drill program at Sepeda, and the company is now aiming to have a maiden resource estimate by the end of the first quarter of calendar year 2017. The results of the metallurgical test work will also be very important, and Dakota Minerals has sent material to the Dorfner-Anzaplan site in Germany in an attempt to figure out if the mineralization could be used to produce lithium carbonate or lithium hydroxide.