Promising drilling results from Lynas Find in Western Australia

Ariana Resources was starting to see the fruits of its investment in Dakota Minerals on Tuesday, with some promising results from drilling at its Lynas Find Lithium Project in Western Australia.

The AIM-traded firm, which owns 7.64% of Dakota, said the results included 35 metres at 2.1%, 35 metres at 1.75% and 40 metres at 1.52% lithium oxide, with an overall weighted average grade of 1.75% lithium oxide.

Ariana said the results confirm the continuation of the Pilgangoora system, now the second-largest hard rock lithium deposit in the world, into Dakota’s Lynas Find Lithium Project.

"Our team are highly encouraged by Dakota Minerals' excellent maiden drilling results on the Lynas Find project in the Pilgangoora region of Western Australia,” said Ariana Resources managing director Dr Kerim Sener.

“In the interests of Ariana's shareholders, we are leveraging our exploration targeting capabilities and our ability to commercialise new project opportunities outside of the gold sector.

“The synergy between global gold bearing systems and those of the emerging and highly exciting technology-metals sector are proving to be an excellent fit for the company,” Dr Sener explained.

Sener said the Ariana team is continuing to identify further technology-metals projects, with a special focus on lithium, and they expect to commercialise these projects according to the model applied to Dakota Minerals.