Portugal

Overview

As announced by Crusader on 13 February 2018, the Group has recently completed negotiations with the Portuguese Government to be awarded the exploration licence for the Gaia lithium project, located in the Gonҫalo-Guarda region, 220km from the city of Porto, north Portugal, and 290km from the capital Lisbon. The Gaia deposit is a lithium pegmatite and the exploration licence consists of two nearby exploration blocks with a total area of 88.842km2, which surround multiple lithium operating mines with ongoing open pit extraction of hard-rock lithium-mica concentrates used to supply the local ceramic industry.

Deposits targeted at Gaia consist of lithium-bearing horizontal pegmatite sills enclosed in the regional granite wallrock. The main lithium minerals are lepidolite and zinnwaldite. Tin and tantalum-niobium minerals are also known to occur in the region. Moreover, the Gaia lithium project is in a very similar geological setting to the Company’s 100 per cent owned Manga deposit in Brazil.

The Group intends to conduct an exploration programme focused on potential extensions of the Alvarrões lepidolite mine, focusing mainly on geologic mapping, geochemical sampling, rock chipping, trenching and drilling.

 

Location

Located in the Gonҫalo-Guarda region, 220km from the city of Porto, north Portugal, and 290km from the capital Lisbon.