Early permitting and field preparation work has allowed re-listed company Lithium Universe (ASX: LU7) to kick-off an exploration program without delay at the Apollo project in the James Bay region of north-west Québec.
The company said a crew had recently flown to site to start fieldwork and soil sampling, partnering with Canadian geological consultancy and Laurentia Exploration.
Laurentia has previously achieved positive results across a variety of projects in the James Bay region and will serve as the turnkey partner for Lithium Universe’s operations in Quebec.
It will be responsible for all aspects of the exploration work including site geological assessments, drilling operations, permitting, helicopter access and overall logistics management.
AI solutions
Lithium Universe has used artificial intelligence (AI) solutions developed by KorrAI Technologies, based in Nova Scotia, to shape its exploration strategy.
KorrAI uses advanced algorithms to create maps showing different geological features such as outcrops, pegmatites, and vein formations; and spectral data to help identify areas which are more likely to contain valuable mineral deposits.
The technology improves the accuracy and efficiency of exploration efforts, and will help Lithium Universe target its activities and allocate resources more effectively, which reduces the time and cost of exploration.
Airborne survey
Lithium Universe recently completed a high-resolution airborne magnetic survey focusing on the Apollo property to better understand its structural framework and geology which could host LCT (lithium-caesium-tantalum) pegmatites.
The 14-day survey was conducted by Canadian contractor Geo Data Solutions over 5596 line kilometres at a 50 metre line spacing in an effort to build up Apollo’s geological model and subsequent exploration and drilling strategy.
Recent ASX re-listing
Lithium Universe re-listed on the Australian Stock Exchange last month, after a $4.5 million initial public offering which attracted interest from new and existing shareholders.
Demand is believed to have been driven by the opportunity to invest in a quality project portfolio of hard-rock lithium and rare earth exploration opportunities in Tier 1 mining jurisdictions in Canada and Australia.
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