Lithium Plus Minerals Limited Retracts Pricing Data, Unveiling High-Grade Beryllium Breakthrough at Spotted Wonder Project in Critical Minerals Exploration
Friday, June 6, 2025
at
9:48 am
Lithium Plus Minerals Limited has retracted previous pricing valuations for its Arunta Lithium Projects, advising investors not to rely on the withdrawn data for investment decisions.
Lithium Plus Minerals Limited has updated the market on its recent reassessment of drill core from the Spotted Wonder Project, part of its 100%-owned Arunta Lithium Projects in the Northern Territory, Australia. The company confirmed the discovery of high-grade beryllium mineralisation within formerly drilled pegmatites, which now reveals promising intersections with critical minerals such as lithium. Notable results include a 7‐meter intersection grading 0.12% BeO at 24 meters, a 12‐meter intercept at 0.10% BeO from the surface, and other significant intervals that underscore the potential for both beryllium and lithium. The report details additional technical intersections such as 11 meters at 0.11% BeO and shallower zones that could offer future development pathways.
In addition to the discovery highlights, Lithium Plus Minerals Limited has retracted earlier statements regarding in-situ pricing. The company clarified that the previous pricing details lacked a reasonable basis, advising investors not to factor those figures into their decision-making. Despite this retraction, the reassessment underscores the strategic advantage of the Northern Arunta tenure, especially given beryllium’s recognition as a critical mineral by global jurisdictions including Australia, the United States, and the European Union. With a modest global supply and significant supply concentration risks, the newfound beryllium could be a key commodity in high-performance applications such as aerospace, defense, and advanced electronics.
Commentary from Executive Chairman Dr Bin Guo emphasized that the identification of high-grade beryllium alongside lithium substantially enhances the exploration optionality for the company. He noted that the shallow mineralisation and its strong association with lithium provide multiple future development pathways, with additional drill-ready targets identified in nearby prospects. On-ground exploration is scheduled to commence in the third quarter of the 2025 calendar year, as the company advances its plans to define the broader critical minerals potential in the area.
The news presents a mixed sentiment for investors. On the bullish side, the discovery of a polymetallic system with promising beryllium grades, combined with lithium intersections, could tap into the long-term demand for critical minerals in high-tech and defense sectors. The identification of multiple drill-ready targets and the upcoming field activities further support a narrative of future growth. Conversely, bearish sentiment arises due to the retraction of prior pricing information, creating a measure of uncertainty about the company’s valuation metrics in the near term. Additionally, the early-stage nature of the exploration means that significant further work is required before any economic extraction can be confirmed.
Overall, the development underscores Lithium Plus Minerals Limited’s evolving exploration profile, balancing promising technical discoveries with a cautious retraction on pricing details. Beginner traders should note that while the discovery diversifies the company’s portfolio, the inherent risks of early-stage exploration remain evident in its operational updates.