Extractive Industries

Corcel results indicate Canegrass potential

Corcel plc said initial rock chip sampling results indicated a wider potential for its Canegrass lithium project in Western Australia.

Results: reflecting historic interest in the area for both nickel and vanadium (Tyler Lastovich on Unsplash)

INTRIGUING

The company owns and holds the rights over three tenements where exploration began with rock chip sampling in November 2023.

Analysis of a total of 37 rock chip samples collected returned lithium-cesium-tantalum (LCT) pegmatite and mafic-ultramafic intrusion-related elemental suites.  

“Intriguing initial results from the company’s recent work at its 100%-owned Canegrass lithium project in Western Australia indicate broader potential for the project than originally anticipated, reflecting historic interest in the area for both nickel and vanadium,” said executive chairman Antoine Karam.

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