Matsa Resources (ASX:MAT) has discovered significant new lithium bearing pegmatites in the Kanchanaburi and Ratchaburi Provinces in central Western Thailand.
Matsa Resources says analyser testing has confirmed 3.45% Li (7.4% Li2O) in lepidolite bearing pegmatites at Kanchanaburi, and assays from a commercial laboratory are awaited.
It also says the discoveries cover an area of about 6km strike by 1km wide at Kanchanaburi, and 2km long by 0.5km wide at Ratchaburi, building on its recent lepidolite discovery in the Phang Nga province 600km to the south.
Matsa Resources says it's now one of the larger holders of tenure prospective for lithium in south-east Asia, and with the new discoveries, it has an impressive pipeline of lithium projects.