Yari Minerals Unveils 30 New Lithium Targets Amid Arbitration Resolution
Yari Minerals has identified 30 new lithium exploration targets in Western Australia's Pilbara region using advanced satellite imagery, while resolving a key arbitration with Impact Silver that clears the path for future projects.
- 30 new lithium targets mapped via Sentinel-2 satellite imagery
- Exploration expenditure of $74,000 for the quarter
- Cash reserves of $1.7 million support 12 months of planned activities
- Impact Silver arbitration resolved, removing acquisition hurdles
- Pending mining access permit delays South Wodgina exploration
Exploration Advances in Pilbara
Yari Minerals Limited (ASX: YAR) has reported steady progress in its lithium exploration efforts across its Pilbara projects in Western Australia during the March 2025 quarter. Leveraging Sentinel-2 satellite imagery, the company identified 30 new lithium targets clustered around linear geological structures extending over 20 kilometres near Corunna Downs and northwest of previously known geochemical anomalies.
This innovative use of spectral analysis to estimate gas indicators such as helium, methane, and carbon dioxide has highlighted anomalous zones coincident with lepidolite mineralisation, a promising lithium-bearing mineral. These findings provide a refined focus for upcoming ground-based ultra-fine fraction geochemical soil testing planned for the dry season, aiming to validate and prioritise these targets for further exploration.
Financial Position and Corporate Developments
Yari Minerals maintained a solid financial footing with $1.701 million in cash at quarter-end, sufficient to fund exploration and corporate activities for the next 12 months. The company generated additional liquidity by selling 1.56 million shares in Impact Silver, realising $0.268 million during the quarter and a further $0.072 million post-quarter.
Importantly, Yari and Impact Silver have amicably resolved their arbitration dispute in British Columbia, Canada, with no admission of liability and each party bearing their own costs. This resolution removes a significant legal obstacle, enabling Yari to focus on advancing its project pipeline without the overhang of litigation.
Operational Challenges and Outlook
While exploration activities at South Wodgina remain on hold pending the issuance of a mining access permit from the Aboriginal Lands Trust, the company’s strategic focus on domestic lithium assets continues. The board is actively assessing new projects in lithium, coal, copper, and gold, aiming to diversify its portfolio without materially increasing overheads.
Despite the absence of substantive mining or development activities this quarter, the combination of cutting-edge remote sensing techniques and a strengthened balance sheet positions Yari Minerals well for the next phase of exploration. The upcoming fieldwork season will be critical in converting satellite and geochemical anomalies into drill-ready targets.
Bottom Line?
With legal hurdles cleared and fresh lithium targets identified, Yari Minerals is poised for a pivotal exploration season that could reshape its growth trajectory.
Questions in the middle?
- How will upcoming ultra-fine fraction soil tests validate the newly identified lithium targets?
- What timeline is expected for the mining access permit at South Wodgina, and how might delays impact project development?
- Will Yari pursue further asset acquisitions or capital raises to accelerate exploration and development?
