- Two Shields Investments said assay results from interests in South-Western Niger confirmed the prospectivity of the permit area for lithium mineralisation.

Lithium oxide values ranged between 2.5 parts per million and a maximum value of 597ppm.

It was noted that lithium pegmatites were often leached at surface and returned significantly lower grades than the pegmatite unit 20 meters below surface.

Two Shields is exposed to the asset through a 40% interest in Xantus.

'The Auger Geochemical program conducted by Xantus across the Niger permit area has successfully demonstrated a significantly greater number of lithium anomalies than previously recorded, and provided a better understanding of the distribution of mineralisation across the permit area,' chairman Charlie Wood said.

'The company has been informed that Xantus are considering the next stage in the development of the Niger permit area, and I look forward to updating shareholders further once this has been determined.'

At 1:12pm: [LON:TSI] Two Shields Investments Plc Ord 0.1p share price was +0.02p at 0.16p

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