Bulletin Resources (ASX:BNR) has announced a newly discovered spodumene bearing pegmatite in the southern part of the Ravensthorpe tenement now grows the Western Pegmatite Trend to 3km in length.
Bulletin Resources says Ravensthorpe is located only 12km southwest and along strike of Allkem's (ASX:AKE) Mt Cattlin lithium mine, and its new rock chip assays include 4.81% Li2O, 4.67%, 4.31%, and 3.54%.
The company says mapping of other target areas identified from LIDAR (light detection and ranging examination) and high resolution imaging continues.
Shares of Bulletin Resources closed up 5% today.