BARREL Energy Inc. announced that it received a report detailing a completed multispectral Advanced Spaceborne Thermal Emission and Reflection radiometer analysis across a portion of the Titan South Lithium Project area in Tanzania. The ASTER information is a type of spectral and thermal remote sensing data collected from satellites which has proven to be an important tool in geological exploration for several decades. Such multispectral analysis has been employed to locate mineral assemblages that correlate with mineral deposits worldwide.

With respect to potential lithium deposits, ASTER data has been successfully utilized within the Salar de Atacama in Chile to map key lithological and mineral pathfinder components of this large lithium-bearing playa such as altered rocks and hectorite bearing clays. As well, within the southwest U.S., spectral anomalies have been identified which highlight the mineral assemblages of accessory and lithium hosting sediments over several of the large known lithium resources in this large region. The study was initiated and completed by Dr. Elisante Mshui from the School of Mines and Geosciences at the University of Dar es Salaam in late 2023.

This analysis was implemented using a USGS sourced library of data to locate potential lithium bearing prospects within Tanzania and was conducted completely independently of work in the area. Much of the Tian South Project remains unexplored and untested, however, the company noted that the observed robust spectral anomalies at Tit an South cover an area much larger than sampling has covered. Further spectral analysis will be conducted to cover the entire license area, however, the current data provides Barrel a excellent ground map as to where to continue geochemical studies and drilling in 2024.