Jadar Lithium Limited (ASX:JDR) is a European-focused lithium exploration company currently working to establish a JORC resource at its high potential Austrian licences and Serbian projects. Initial results in the recent sampling undertaken by the company in Austrian indicate there could be a large new lithium discovery. JDR’s Austrian licences are located near European Lithium Limited’s (ASX: EUR) underground Wolfsberg Lithium Project. The Company’s ‘greenfields’ Serbian Lithium Projects of 5 exploration licences covering a total area of approx. 328km2 is in a region that is the only current known source of Jadarite, a new lithium-borate bearing mineral (LiNaB3SiO7(OH)). Jadar is cooperating with ASX: EUR to develop a vertically integrated supply chain for the European EV and battery markets.
Plans & Latest Developments:
An initial soil and rock sampling program has been undertaken at the Company’s Austrian projects with positive results. The Company will conduct further infill soil sampling to better define areas, with the objective of generating firm drill targets. Phase two sampling has been completed at the Company’s Serbian Projects, with sampling on Vranje-South Project defining Lithium and Borate anomalies. A follow-up sampling program for Serbian Projects is currently being planned.
Why should investor invest in you?
Austria and Serbia are rapidly emerging as under-explored but very fertile lithium bearing countries. JDR’s Austrian licences are located near European Lithium Limited’s (ASX:EUR) underground Wolfsberg Lithium Project which announced on 3 July 2017 a JORC total Resource of 10.98MT @ 1.00% Li2O. Europe is proposing to construct multiple battery processing and production plants. China currently has two. The requirement for lithium and cobalt will be significant. JDR is well positioned in the European market to supply these facilities.
Stock Exchange Listing: ASX:JDR
Market Cap: $5M AUD
Primary Commodities: Lithium
Stage of Development: Exploration
Countries of Operation: Serbia | Austria | Australia
Board of Directors:
- Mr Luke Martino | Non-Executive Chairman
- Mr Michael Davy | Non-Executive Director
- Mr Stefan Müller | Non-Executive Director
- Mr Nicholas Sage | Non-Executive Director
- Mr Steven Dellidis | Non-Executive Director
- Ms Louisa Martino | Company Secretary
Jadar Lithium Limited (ASX:JDR) will be showcasing their mining projects to prospective investors at Mines and Money Asia. Claim your complimentary investor pass.