Lightning Minerals uncovers spodumene in lithium-bearing pegmatite at Esperança Project

Lightning Minerals (ASX:L1M) has discovered spodumene within a lithium-bearing pegmatite at its Esperança Project in Minas Gerais, Brazil.

The find aligns with the company's exploration strategy and reinforces the area's lithium prospectivity.

Key to the discovery were initial geological mapping, ground reconnaissance, and soil sampling activities.

Results from the laser induced breakdown spectroscopy show lithium concentrations reaching up to 18,800 ppm, translating to 4.04% Li2O.

Further laboratory confirmation is awaited, with drilling set to commence in the first quarter of 2025.

Managing Director, Alex Biggs, stated, "I am highly encouraged by these results from Brazil. The company is progressing its projects in Brazil quickly and cost effectively and generating significant results for the business which we feel will be transformational."

Aside from Esperança, exploration continues at the Canabrava and Caraíbas projects, as the company eagerly anticipates further results in the coming weeks.

With preparatory work underway, Lightning Minerals aims for transformation in Brazil's Lithium Valley, focusing on its strategic exploration commitments.

Lightning Minerals is a mineral exploration company focused on the exploration of critical minerals and lithium at its tenements across Western Australia. Its flagship Dundas Project is located in the Dundas region of Western Australia.

At the time of reporting, Lightning Minerals' share price was $0.08.