Dudley Lithium Project: 6km Pegmatite Strike Set for Drilling as Trinex Raises Canadian Shares
Trinex Minerals has identified promising lithium soil geochemistry trends at its Dudley Lithium Project and secured approvals for drilling, while completing a key share issuance for its Canadian East Yellowknife Lithium Project.
- Dudley Lithium Project soil sampling reveals multiple drill-ready lithium targets
- Reverse Circulation drilling approval granted for Kangaroo Island project
- Farm-in agreement activated to acquire up to 90% interest in Dudley Project
- ASX grants waiver enabling completion of share issuance for East Yellowknife Lithium Project
- Board changes include new Non-Executive Director and Company Secretary appointments
Exploration Momentum at Dudley Lithium Project
Trinex Minerals Limited (ASX: TX3) has reported significant progress in its March 2025 quarterly activities, particularly at its Dudley Lithium Project on Kangaroo Island, South Australia. Detailed soil geochemistry sampling has delineated several promising lithium anomalies, highlighting multiple prospective corridors for upcoming drilling campaigns. The project area is notable for its thick, fractionated pegmatites extending up to six kilometres, which have never before been drill-tested.
The company’s subsidiary, Todd River Metals Pty Ltd, has elected to proceed with the first stage of its farm-in agreement, aiming to increase its stake in the Dudley Project to 90%. This strategic move underscores Trinex’s confidence in the project’s potential to host significant lithium mineralisation, a critical component for the global clean energy transition.
Regulatory Approvals and Drilling Plans
During the quarter, Trinex secured statutory approval from the South Australian Department of Energy and Mining for a Reverse Circulation (RC) drilling program targeting the highest priority lithium anomalies identified through soil sampling. The company also finalized landowner access and compensation agreements, ensuring that drilling can proceed with community support and environmental best practices.
The maiden RC drilling program is being tendered to select contractors capable of delivering efficient and environmentally responsible operations. This program aims to test the thick pegmatite zones and validate the geochemical targets, potentially unlocking a new lithium resource on Kangaroo Island.
Canadian Project Developments and Corporate Updates
On the international front, Trinex completed the issuance of shares related to its East Yellowknife Lithium Project (EYL) in the Northwest Territories, Canada, following an ASX waiver that extended the deadline for share issuance due to administrative delays in claim transfers. The EYL Project covers approximately 450 square kilometres of contiguous claims near Yellowknife, an area known for spodumene-bearing pegmatites.
Corporate governance saw changes with the resignation of Ms Su-Mei Sain as Non-Executive Director and Company Secretary. In her place, Mr Peretz Schapiro was appointed as a Non-Executive Director, bringing extensive public resources sector experience, while Mr Ian Hobson took over as Company Secretary. These appointments aim to strengthen the company’s strategic and operational capabilities as it advances its exploration agenda.
Financial Position and Outlook
Trinex ended the quarter with a cash balance of A$370,000, reflecting ongoing exploration and corporate expenditures. The company reported a net cash outflow from operating activities of A$342,000 for the quarter and continues to review its cash flow and funding options to sustain its exploration programs. Management remains focused on balancing expenditure with strategic progress, seeking additional funding sources as necessary to support upcoming drilling and evaluation activities.
Overall, Trinex’s March quarter report signals a pivotal phase in its lithium exploration efforts, with the Dudley Project poised for its first drilling campaign and Canadian assets progressing through key administrative milestones. The company’s ability to convert geochemical anomalies into drill-defined resources will be critical in shaping its near-term valuation and investor interest.
Bottom Line?
Trinex’s upcoming drilling results at Dudley and funding strategy will be key to unlocking value in its lithium assets.
Questions in the middle?
- What initial results will the maiden RC drilling at Dudley reveal about lithium mineralisation?
- How does Trinex plan to address its limited cash reserves to sustain exploration activities?
- What is the strategic significance of the East Yellowknife Lithium Project within Trinex’s portfolio?
