Brazil Projects Portfolio
Verity Resources Limited (ASX:VRL) has reported assay results from 266 soil samples collected at its Padre Paraíso Project in Brazil’s prolific Lithium Valley. These samples revealed significant lithium anomalies, with concentrations up to 140 ppm Li, confirming potential for spodumene-bearing pegmatites within the 3km-long pegmatite corridor...
Project Summary
On 8 February the company completed the acquisition of 50% interest in a Brazilian exploration portfolio from Foxfire Metals Pty Ltd. The projects include 10 exploration licenses comprising ~17,000 hectares in prime Brazilian exploration locations hosting world class REE adsorption clay deposits and significant lithium spodumene resources.
The projects include two projects in the Caldera (Caldera and Caldera South) which sit amongst Meteoric Resources (ASX: MEI) and Viridis Mining and Metals Limited (ASX: VMM) REE projects at the REE rich Pocos de Caldas Alkaline complex in south Minas Gerais as well as licenses in the Lithium Valley in north Minas Gerais, a region known to host significant lithium spodumene resources discovered by Latin Resources Ltd (ASX: LRS), SIGMA Lithium Corporation (NASDAQ: SGML) and licenses recently acquired by Rio Tinto (ASX:RIO).
There is also licenses at Apui in the Amazonas region of Brazil prospective for REE and gold and also in the Pedra Branca area (Ceara project) prospective for lithium and gold.