Aurumin Limited announced that drilling targeting lithium bearing pegmatites at its 100% owned Mt Palmer Project has been completed and all Ultrafine soil sample results have now been returned. The drilling programme completed twelve RC holes for 1,212m. Pegmatites, ranging from 1 to 40 metres in drill thickness (typically 20m) were logged in eleven of the twelve holes drilled.

The lithium content is as yet unknown, and all samples are currently at the laboratory pending analysis. Laboratory results for Aurumin's Ultrafine soil survey have been returned with anomalous zones broadly aligning with areas previously identified from XRF Lithium Index results. All soil sample assay results have now been returned from Labwest for multielement analysis of the Ultrafine sampling programme at the Vickers Find South prospect at Mt Palmer.

A total of 735 samples, exclusive of QAQC samples, were collected during the programme with a sample spacing of 100m by 200m. Prior to submission to Labwest, a preliminary assessment was completed by Portable Spectral Services (PSS) for lithium prospectivity based on an in-house developed Lithium Index Calibration using a desktop XRF Bruker CTX instrument. The Ultrafine soil sampling programme defined two main areas of lithium in soil anomalism that generally correspond to the two areas previously identified using the Lithium Index Calibration.

Aurumin has completed drilling an orientation first pass reverse circulation (RC) programme targeting lithium bearing pegmatites at the Vickers Find South B (VFSB) target. Twelve holes were drilled for a total of 1,212m along three north south lines. Drilling is immediately west of the strongest lithium anomalism from the Ultrafine soil sampling programme.

Drilling intercepted pegmatites on all three lines in areas indicated from historical logs. Downhole intervals ranged from 1m to 40m, with a general thickness of 20m. Pegmatites are interpreted to be flat lying to gently dipping to the north.

The majority of the pegmatite was intercepted above the base of oxidation. Preliminary logging indicates a high degree of fractionation, a key component in the formation of lithium mineralisation.