The Python Lithium Project is a 60 km2 exploration licence located in the highly endowed Pilbara region of Western Australia. The project is highly prospective for lithium-bearing pegmatites within the highly fractionated Mondana Granite. The project is within a similar geological setting to lithium-tin-tantalum mineralisation that has been identified at the Moolyella Project near Marble Bar, where assay values up to 1.98% Li₂O have been returned from previous drilling.
Major lithium developments in the area include:
- The Wodgina Operation, one of the world’s largest known hard-rock lithium deposits (259Mt @ 1.2% Li2O), with an estimated 30+ year mine life and is operated by Mineral Resources (ASX:MIN);
- The Pilgangoora Operation, which has a reserve of 157.5Mt @ 1.2% Li2O at a 2Mt per annum operation that produces 330,000 tonnes of spodumene concentrate annually – one of the largest lithium operations globally. Operated by Pilbara Minerals (ASX:PLS); and
- The Archer Lithium Deposit, where resources comprise 18Mt @ 1.0% Li2O. The project is owned by Global Lithium (ASX:GL1) with known mineralisation hosted in multiple spodumene bearing pegmatites over more than 6km of strike.