The first hole drilled at the site returned an impressive 55.6m intercept at 1.12 per cent lithium oxide from 94m, including 15m at 1.52 per cent lithium oxide from 95m. Since picking up Yinnetharra, Delta has sunk 101 holes for 21,150m and intends to complete a further 230 holes before the end of September.
Closer inspection reveals that a reasonable chunk of ground, right in the middle of the two bigger players, is held by the $10m market-capped Reach Resources. While Delta and Minerals 260 have between them wrapped up what appears to be the region’s prime ground, both of their maps show a glaring and curious anomaly. Minerals 260, which is headed up by Richards and counts Goyder as a director, has now put together 1700sq km of ground in the promising region.
Immediately to the south-west and adjoining Delta’s ground, a company associated with two of Perth’s most prominent current lithium players – Tim Goyder and former Liontown managing director David Richards – has been quietly amassing its own slice of the Gascoyne.
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