Widgie declared a maiden resource for the Faraday lithium deposit in March 2023 just six months from discovery of rock chip sampling.
Faraday – Trainline is in the “lithium corridor” between Mt Marion to the north and Pioneer Dome to the south.
In November 2023 the Faraday-Trainline lithium Mineral Resource Estimate (MRE) was upgraded to 1.96Mt @ 0.69% Li2O (0.30% Li2O cut-off) including a high-grade, near surface zone of 373kt @ 1% Li2O (0.85% Li2O cut-off).
The Measured and Indicated Mineral Resources total 1.57Mt @ 0.71% Li2O.
Mineralisation at the project remains open at depth with the model only defined to a vertical depth of 130m.
Initial mineralogy completed on select samples indicates that spodumene is the dominant lithium-bearing mineral present and flowsheet development testwork has achieved 81.0% lithium recovery to a 6.3% Li2O floatation concentrate.
With all mining approvals granted, Faraday- Trainline is a potential low-cost mining operation with minimal strip ratio due to shallow outcropping resource with significant exploration upside potential.
Faraday and Trainline Drill Density (red drill collars) with MRE block model
