The Big Banana: WhiteRock aims for serious scale with Canadian lithium find

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WhiteRock Lithium believes its Banana lithium deposit in Canada has the scale and grade to ride out the cycles. Next ... Read More The post The Big Banana: WhiteRock aims for…

Size matters: WhiteRock Lithium says its Banana project has serious scale. Pic: Getty Images

In a story with shades of Lang Hancock’s 1952 plane ride over the Pilbara, imagine the tale of the Canadian business entrepreneurs who found the Banana lithium deposit.

Keen to grab a foothold in the James Bay lithium story after seeing the emergence of Ken Brinsden’s PMET Resources (ASX:PMT), brothers Dustin and Drew Nanos took to the skies in search of white gold.

What they found as their chopper flew north of the Trans-Taiga Road was a whaleback protruding from the earth in the bent shape of a banana.

Geologists confirmed the pegmatite find, with drilling eventually providing enough information to establish an exploration target ranging from 190-275 million tonnes at 1.2-1.6% Li2O.

That is now being tested, with the company that listed off the back of the discovery, WhiteRock Lithium Corp (ASX:WLC), completing nearly 20,000m of drilling into the aptly named Spodumene Mountain target.

Led by former Galaxy Resources and Leo Lithium boss Simon Hay, the firm is now counting down to a maiden resource estimate in H1 2027, which will confirm the initial scale of the find.

“They looked for outcrops, they looked for the similar colour to what PMET looked like from the air, but also overlaid with greenstone belt geology,” Hay told Stockhead.

“They found the pegmatite right at surface. Geologists identified it immediately because it does outcrop, we’ve got white pegmatites, and we’ve got the greenish-tinged spodumene within the pegmatite, so it’s very apparent right from the surface.”

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