How Lithium Plus Is Unlocking Lithium, Beryllium, and Gold Potential in the NT
Lithium Plus Minerals reports significant progress on its Lei Lithium Development Project alongside promising discoveries of beryllium and gold at its Arunta and Wingate projects, supported by a solid cash position of A$3.2 million.
- Lei Lithium Project mining lease survey completed and environmental studies underway
- High-grade beryllium mineralisation identified at Arunta’s Spotted Wonder Project
- Wingate Project shows large-scale gold potential with historic high-grade intersections
- Ore sorting and metallurgical tests confirm strong lithium recovery prospects
- Company holds A$3.2 million cash with no debt, advancing towards production
Progress at Lei Lithium Development
Lithium Plus Minerals Limited (ASX – LPM) has made notable strides in advancing its Lei Lithium Development Project in the Northern Territory. The company recently completed a formal mining lease survey covering 295 hectares, including the current mineral resource and adjacent prospective zones. Environmental permitting is progressing with a Supplementary Environmental Report (SER) underway, supported by groundwater modelling and socio-economic studies. These regulatory milestones mark important steps toward project approval.
Technically, Lithium Plus has achieved encouraging results from ore sorting trials, which delivered a 51% uplift in lithium grade with minimal iron contamination, and metallurgical test work demonstrating high lithium recovery rates through flotation methods. The proposed development envisions a low capital expenditure direct shipping ore (DSO) operation, with spodumene concentrate to be exported to China for downstream processing under a strategic offtake agreement with Canmax Technologies.
Critical Minerals Potential at Arunta Projects
The company’s Arunta Projects have revealed significant critical minerals potential, particularly at the Spotted Wonder Project. A detailed reassessment of historical drill core has uncovered high-grade beryllium mineralisation starting near surface, with multiple substantial intersections exceeding 0.1% beryllium oxide (BeO). This discovery is timely given beryllium’s critical status globally, its strategic importance in high-tech and defence applications, and the concentrated supply chain risks centered in the US.
Lithium Plus plans to expand exploration efforts targeting higher-grade zones and additional pegmatite-hosted mineralisation, aiming to establish a polymetallic resource base that could diversify the company’s portfolio beyond lithium.
Wingate Project’s Gold Prospects
The Wingate Project, located 150 km south of Darwin, is emerging as a promising gold exploration opportunity. Historical workings at Fletcher’s Gully have yielded high-grade gold intersections, including 3 meters at 10.1 g/t and 10 meters at 2.28 g/t gold. The goldfield is associated with classic Pine Creek Orogen structures, with a large gold-in-soil anomaly extending over 1.5 kilometers. Lithium Plus is advancing structural mapping and geochemical surveys to refine drill targets, with potential for a significant new gold discovery in the region.
Financial Position and Outlook
As of 30 June 2025, Lithium Plus reported a cash balance of A$3.2 million and no debt, reflecting prudent financial management amid ongoing exploration and development activities. The company spent A$154,000 on exploration during the quarter, focusing on advancing regulatory approvals and technical studies. With a clear pathway to production at Lei supported by a strategic offtake partner, and exciting exploration upside at Arunta and Wingate, Lithium Plus is positioning itself to deliver value in the evolving critical minerals and battery metals markets.
Bottom Line?
Lithium Plus is steadily transforming its lithium and critical minerals assets into tangible value, but upcoming environmental approvals and financing remain key hurdles.
Questions in the middle?
- When will Lithium Plus receive final environmental approvals to commence mining at Lei?
- How might the emerging beryllium discoveries impact the company’s strategic focus and capital allocation?
- What are the timelines and funding plans for advancing gold exploration and potential development at Wingate?
