TSI not in the equation27 Aug 2018 19:08
Dont think so some how.
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Two Shields Investments Plc, the AIM-quoted investing company, is pleased to announce an update on its lithium interests in South-Western Mali and South-Western Niger, through its 40% and 30% shareholding in Xantus Inc ('Xantus') and Nashwan Holdings Limited ('Nashwan') respectively.
Highlights
· Third stage of the exploration programme across four lithium exploration permits in Mali is near to completion. This has involved a 5,000m auger drilling campaign testing for greater concentrations of Li2O below the extensively weathered surface
· Drilling has been focused on the six pegmatite outcrop clusters where elevated levels of Li2O were previously identified
· Completion of field work in expected in the next seven days; results anticipated Q3 2018
· In Niger, the planned work programme has commenced. This includes 5,000m of auger geochemical drilling and geological logging focusing on high grade targets, Dibilo and Dibilo East, previously identified at the Dingoaba Permit where grades of up to 3.22% Li2O have been reported
· The Niger drill and work programme has been organised using the information garnered from the reassessment of historical data (Machens 1961) that reconfirmed that the permit is highly prospective for lithium
· The Mali and Niger lithium exploration permits are located in close proximity, and display a similar geology, to Birimian Limited and Kodal Minerals' significant lithium discoveries. Previous results from both sites have been indicative of a similar potential for high grade Li2O mineralisation