Yari Minerals Uncovers Strong Lithium Signals at Camel Creek Amid Arbitration Resolution
Yari Minerals reports promising lithium soil sampling outcomes at its Camel Creek project, identifying 17 anomalous samples out of 347, and resolves a key arbitration, clearing the path for future growth.
- Completed initial soil sampling at Camel Creek with 17 samples exceeding 80 ppm lithium
- Lithium anomalies align with drainage channels, guiding further exploration plans
- Advanced satellite imagery identifies hydrothermal alteration minerals supporting lithium targeting
- Company holds $1.798 million cash and $0.473 million in listed securities
- Arbitration with Impact Silver resolved, removing a significant project acquisition hurdle
Exploration Progress at Camel Creek
Yari Minerals Limited (ASX: YAR) has made notable strides in its lithium exploration efforts during the December 2024 quarter, focusing on its 100%-owned Pilbara Lithium Projects in Western Australia. The company completed an initial phase of soil sampling at the Camel Creek project, targeting priority lithium zones along a prominent north-south dyke-like structure. Out of 347 soil samples collected, 17 exhibited strongly anomalous lithium concentrations exceeding 80 parts per million (ppm), a significant threshold in the regional context.
These lithium anomalies were found to coincide with local drainage channels, suggesting that the lithium source lies to the east of the sampled area. This spatial relationship provides a valuable vector for exploration, and Yari plans to conduct further soil sampling after the wet season in Q2 2025 to confirm and refine these targets.
Leveraging Advanced Remote Sensing
Complementing the soil sampling, Yari Minerals utilized Worldview-3 satellite imagery to detect alteration minerals commonly associated with hydrothermal processes and lithium mineralisation. Minerals such as smectite, muscovite, kaolinite, jarosite, and epidote were identified, enabling the company to fine-tune its exploration strategy. This remote sensing approach enhances targeting accuracy, reduces fieldwork costs, and accelerates the discovery potential across the extensive project tenements.
Notably, clusters of lithium indicator minerals were detected around dyke structures extending over 20 kilometres, reinforcing the geological model for lithium-bearing pegmatites in the area. The integration of geochemical and spectral data positions Yari well to advance its exploration pipeline efficiently.
Corporate and Financial Position
On the corporate front, Yari Minerals ended the quarter with a cash balance of $1.798 million and held listed securities valued at $0.473 million, primarily shares in Impact Silver Ltd. The company realized net proceeds of $0.786 million from the disposal of some Impact Silver shares during the period, bolstering its financial flexibility.
Importantly, Yari resolved its arbitration dispute with Impact Silver in British Columbia, Canada, with the arbitrator dismissing the proceedings in January 2025. This resolution removes a significant legal and operational hurdle, allowing the company to focus on advancing its lithium projects and evaluating new opportunities in lithium, copper, and gold.
Outlook and Next Steps
Yari Minerals’ strategy emphasizes domestic assets to diversify its mineral portfolio while managing overheads. The upcoming soil sampling campaign post-wet season will be critical in validating the initial lithium anomalies and guiding drill targeting. Additionally, ongoing engagement with the Mugarinya Aboriginal Corporation at South Wodgina signals a commitment to responsible land access and heritage considerations.
With promising early-stage results and a strengthened corporate position, Yari Minerals is poised to build momentum in the competitive Pilbara lithium sector, adjacent to some of the world’s largest hard rock lithium deposits.
Bottom Line?
Yari Minerals’ promising lithium anomalies and cleared arbitration set the stage for accelerated exploration and potential project growth.
Questions in the middle?
- Will the upcoming post-wet season soil sampling confirm and expand the lithium anomalies at Camel Creek?
- How will Yari prioritize and fund exploration activities given its current cash position and market conditions?
- What impact will the resolved arbitration have on Yari’s ability to pursue new project acquisitions or partnerships?
