“The East Curlew LCT pegmatite previously sampled by Lithium...

“The East Curlew LCT pegmatite previously sampled by Lithium Australia (ASX: LIT) which delivered up to 2.9% Li2O (ref ASX: 4 August 2021) extends for 1,800m and straddles the border between the Tenement and the Company’s Trigg Hill Project (ref ASX: 5 May 2022) …

The Lepidolite Hill Project covers pegmatite swarms known to contain lepidolite, petalite, tantalite and beryl. Lepidolite is most abundant at Lepidolite Hill, where, in addition to lithium, the mica contains high concentrations of rubidium. Recently, thick spodumene bearing pegmatites have been identified at the Kangaroo Hills lithium project which is immediately east of the Lepidolite Hill Project (refer to FBM announcement 17 May 2023) …

Since 2014, LIT has conducted lithium extraction testwork on the Lepidolite Hill Project to potentially commercialise the hydrometallurgical extraction of lithium and rare metals from a range of silicate materials. Lepidolite from the dumps at the Lepidolite Hill Project was used as feed material in a 10-day continuous mini-plant processing trial, completed at a Perth laboratory. It led to the production of a total of 7.7 kg of high purity lithium carbonate (99.57% pure), with 94% recovery from leach liquor (ref ASX: LIT 12 August 2015).

In 2018, testwork on pre-sorting of products from the Lepidolite Hill Project indicated successful separation of lithium micas using an X-ray transmission ore sorting method. Chemical analysis of product and waste streams supported the successful partitioning of lepidolite lithium (more than 90%) in ore sorting product versus ore sorting reject material. However, some of the reject material is shown to also contain lithium, probably in the form of petalite which may provide an additional revenue stream. (ref ASX: LIT 18 April 2018) …

The Yalgoo West Project is located immediately to the south of Zenith Minerals’ Waratah Well Lithium Project Drilling on the Waratah Well Lithium Project completed by Zenith Minerals confirmed the presence of widespread lithium bearing pegmatite dykes over a 4km zone, open to the north and east under soil cover (ref ASX: Zenith Minerals 10 March 2022). The Yalgoo Tenement is also within a short distance from Firetail Resources’ Yalgoo Lithium Project …

[Taylor Lookout] Flooding generated by ex-Tropical Cyclone Ellie in December 2022 and January 2023 caused significant damage to the Great Northern Highway in the Kimberley and as a result the tenement could not be accessed in the following Quarters. The Company has been monitoring the access conditions and plans to conduct field work when the site can be accessed …

In late 2022, tenements at the Lake Johnston Project were granted and the Company proceeded to work with the Native Title Groups on the Heritage Agreements. In May 2023, the Company and Native Title Groups executed the relevant Heritage Agreements and conducted a field trip to plan future exploration activities …

Nowa Nowa Iron Project The Company continued to work on the Environmental Effects Assessment (EES) approval process, which is an allinclusive permitting approach including all planning and operating licence requirements for the development and operation of the Project. The following assessments have now been undertaken: Aboriginal Cultural Heritage Impact assessment, Ecology Impact assessment, Traffic Impact assessment and a Groundwater Impact assessment. Technical reference group members have been confirmed by the Department of Environment, Land, Water and Planning Victoria, and a meeting with the members took place in October 2022. Following the meeting a site visit was conducted at the Project by the group. The Company has alsofinalised and submitted the scoping requirements of the Project and is nowwaiting for approval from the newly formed Department of Transportation andPlanning. …

Nowa Nowa Copper Project During the year the Company lodged an application for the renewal of exploration licence EL 006183, which had expired. The Department of Jobs, Precincts and Regions of Victoria (DJPR) has received the application and supporting documents and the application is currently in the process of renewal by the newly formed Department of Energy, Environment and Climate Action of Victoria which replaces DJPR …

NEW PROJECTS SEARCH AND ACQUISITION The Company hasactively reviewed opportunities to acquire an advanced exploration ornear-development project in this period. A number of projects were evaluatedand commercial discussions with various parties were held.”

Extracts from EFE Annual Report 2023

Seems like a fair effort for a “lifestyle company” in partnership with major Chinese mining corps, don’t you think?