Australia’s lithium sector has swelled in line with market interest and 2017 could prove the litmus test for some 50 juniors which have entered the space this year.
Among the hopefuls, Blaze International Limited (AU:BLZ) made a foray into lithium in August, announcing it had the option to acquire the Marble Bar lithium project from Great Sandy Pty Ltd, an entity owned and controlled by well-known Pilbara prospector and miner Denis O’Meara.
O’Meara first identified mineralised pegmatites in the area in 1985 but little economic significance was placed on them at the time.
Blaze’s initial due diligence and rock chip sampling in October confirmed high-grade lithium in spodumene-bearing pegmatites.
However, the company stopped its ensuing RC drilling programme, announcing in late November the width of intersections did not correlate with widths observed from the sampled outcrops.
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