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Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - Updates on developments at its Atex Lithium-Tantalum project in Cote d'Ivoire, in which it holds 77% stake. Says water borehole is complete, which will provide a water source for phase 1 drilling campaign. Notes additional auger samples have been received from Intertek, revealing two additional areas of interest. Begins drilling of first hole at 3,000 metres phase 1 diamond drilling programme at Spodumene Hill, where trenching continues. Begins sampling programme at Tantalum pit to design for the pilot 'Multi Gravity Separation' plant at Spodumene Hill.
"The initial geochemical footprint based on the auger assay results was reconfirmed by the infill auger assay results and two new areas of interest have been identified. We are now excited to commence our core drilling programme targeting the potentially lithium-bearing pegmatites as part of the fully funded diamond drilling campaign," says Chief Executive Yuval Cohen.
Current stock price: 6.56 pence, up 2.5% on Monday
12-month change: down from 13p at November IPO
By Elizabeth Winter; elizabethwinter@alliancenews.com
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