Ann: Trading Halt, page-18

Because of the Lordsburg Lithium Brine Project??


Lordsburg Lithium Brine Project (New Mexico)In November 2021, AZL announced the staking of a further 96 claims doubling the Company’slandholding at the Lordsburg Lithium Brine Project to 15.54km2. The planned passive seismic (Tromino) survey has been completed and Titan magnetotelluric electromagnetics is scheduled near the end of this quarter. The Tromino survey is used to map the subsurface geology and the Titan to identify potentially lithium mineralised subsurface brines. Similar geophysical methods have been used with success by Galan Lithium Limited on their Hombre Muerto Project in Argentina3. The passive seismics have proven effective in mapping the subsurface geology identifying the thickest sediment fill in the basin and resolving faulting associated with the graben. The deepest parts of the basin (blue) clearly define a northerly trending sediment filled graben (Figure 2).