SUMMARY

  • Independent JORC Exploration Target# of 15-25Mt @ 1-2% Li2O + 100-250ppm Ta2O5
  • Shallow high grade mineralisation close to road and electricity infrastructure
  • Resource definition drilling in Q1 2018
  • Initial metallurgical testing demonstrates battery grade spodumene concentrate could be produced from 10mm crush indicating simple low cost DMS gravity separation

Project highlights

  • Located approximately 185 km east of La Grande and bisected by the Trans Taiga Highway with high voltage power near the project
  • 9,584ha prospective for high-grade lithium hosted in spodumene-bearing pegmatites
  • Recent exploration program designed to locate and resample pegmatite outcrop historically reported to contain blue/green spodumene and elevated levels of lithium
  • Rock chip sampling in 2016 yielded samples of 1.71% Li2O, 1.85% Li2O, 1.94% Li2O and 3.79% Li2O
  • Spodumene crystals ranged between 15cm to 60cm in size
  • Channel sampling program in 2016/2017 defined outcropping spodumene-bearing pegmatite open across width and along strike:
    • CH16-01 was 12.8m in length including intervals of 1.71%, 2.35%, 3.08% and 4.95% Li2O
    • CH16-02 was 10.6m in length including intervals of 1.19%, 2.11% and 2.50% Li2O
    • CH16-03 was 4.1m in length including intervals of 1.22%, 2.54%, 3.55% and 5.58% Li2O
  • Elevated Ta2O5 across most of the identified mineralisation
  • Average Li2O across all channels (1.47%) measured higher than the major lithium deposits in Quebec.