Ann: Broad High-grade Lithium Intersections extend BP33, page-94

Here is a brief summary of the results from Friday's announcement. Thanks ASX News.

Core Lithium conducted three sets of drilling at its BP33 deposit throughout the 2021 field season, this included

• Deep Drilling Southern Extention Drilling Metallurgical Drilling

Deep Drillingintersected high-quality spodumene-bearing pegmatite mineralisation via two deep diamond holes. Results were reported as follows:

• 57.35m @1.83% Li2O in NMRD016
  • Incl. 11.51m @2.37% Li2O and 10.48m @ 2.05% Li2O WOW! Jackpot
• 51.0m @ 1.63% Li2O in FRCD023
  • Incl. 17.0m @2.12% Li2O and 9.0m @2.21% Li2O WOW! Jackpot

Core Lithium expects this result to mean an increase in the total mineral resource estimate. This is based on the continuity in grade and thickness displayed in the result.

Southern Extentiondrilling consisted of 7 RC holes and 2 diamond drills, both were conducted during the 2021 field season. The aim of which was to test for southern extensions to the BP33 mineralized system. Whilst spodumene had been identified, the results were not as strong as the mineralized main body, and does not appear to be increasing in thickness and depth.

Metallurgical Drillingtest work with two additional shallow diamond drill holes was also completed. Intersections for each hole were reported as

• 68.20m @ 1.63% Li2O in NMRD018 EXCELLENT!
• 50.28m @1.24% Li2O in NMRD019 ORDINARY?
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Above image indicates increasing % of Li moving southwards with 9 holes potentially with increased Li % on the cards.
I think there are still 3990 drill results outstanding so all results should be in by the year 2050. (Just kidding of course).

Very early day results with only a trickle of results.

Next steps

Core Lithium reported that additional drill assay results will be reported over the coming weeks.

Expansion of exploration and resource drilling will commence across the Finniss Lithium Project in Q2 2022.