Lithium Projects

Iondrive holds six Li exploration projects at the greenfields stage all targeted from historical KIGAM (Korea Institute and Geoscience and Mining) country-wide datasets .

These highly prospective projects represent the top-1 percentile of country-wide stream sediment anomalies, including with values over 400ppm Li. Prospective geology includes pegmatites and granites mapped by KIGAM.

Samguen

The Samguen Li Project includes five exploration licence applications covering 13.7 km2, in the northern region of Gyeongsangbuk-do a). Geology comprises Precambrian metasediment and gneiss intruded by pegmatites, aplites and felsic dykes. This project area contains anomalous Li from the KIGAM stream-sediment sampling with the highest values between 121 and 361 ppm Li. The project lies ~2 km northwest of the historical Boam mine, where Li was mined from 1945–1963. The Uljin pegmatites consists of breccia-type and vein-type Li and tin (Sn) mineralisation, hosted within the Yulri Formation and Janggun Limestones. Ridge-and-spur soil sampling was conducted by Peninsula Mines Limited in 2017 over ground that now includes the southern part of the Samguen project application area. This soil program was conducted following the return of anomalous stream-sediment sampling in the area by Peninsula. Values in soil samples up to 410 ppm Li were returned within the SAU application licence area.

Seobyeok

The Seobyeok Li Project comprises of 36 exploration licence applications covering 98.8 km2, in northern Gyeongsangbuk-do. The application area comprises Precambrian schists, gneiss and limestone, with pegmatites mapped by KIGAM located throughout the SAU exploration licence applications. Stream-sediment sampling from the historical KIGAM survey returned high values between 163 and 409 ppm Li. The project is ~10 km northeast of mapped Jurassic granite, which may be the potential source granite for the Li pegmatites.