Here’s why Odessa Minerals and Lithium Plus Minerals climbed higher on Thursday

Lithium Plus Minerals (ASX:LPM) and Odessa Minerals (ASX:ODE) both climbed higher this morning with solid exploration results.

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Lithium Plus Minerals

Lithium Plus Minerals has multiple lithium projects, but the one that delivered results was its Bynoe project in the NT, nearby Core Lithium’s (ASX:CXO) project. LPM reported the first completed diamond hole at the Lei prospect at Bynoe and it returned 127m of strongly mineralised pegmatite.

Even though this has not been formally assayed (in other words converted into a formal grade), it is one of the largest intersections recorded at the project and puts the project on a par with CXO’s world-class 119m intercept made back in 2019.

This company is targeting to declare a maiden resource by the end of this year.

Odessa Minerals

Odessa has a project in WA’s Gascoyne region that has been christened the Yinnetharra project. This company is at an earlier stage of exploration, conducting mapping and sampling, hoping to find drilling targets. But it reported over 16,500m of strike-length of pegmatites mapped, giving confidence that it could hit the jackpot when exploration commences.

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