Ann: Continued High-Grade Lithium Results Returned at Root Bay, page-6

The highlight is that the extension of RB-23-081 and RB-23-083 holes intersected RP_04 with very strong grades and continued 16-17m widths as did RB-23-156 and RB-23-152. The >500m down-dip has now been confirmed with a strong likelihood of more as there has been no narrowing. Its hard to gauge the width but at this stage it looks 200m+. It was a gamechanger if it was 800m+ but that doesn't appear to be the case (at least yet). DLI has an instance with its M1 pegmatite where it has a gap and recontinues its mineralisation. Lets hope this is the case here.

Speculation time - the consistency of thickness and grade may mean that GT1 can get a JORC resource out with wider spacing of holes than may ordinarily be required, particularly if additional drilling keeps on confirming the same widths and grades in the locations expected. Also while assay's are needed to confirm grades, if the DD core's remain circa 1.5%, the geologists when looking at the core should be fairly confident when there is a >1% result. They won't know the exact grade but they will know the difference between a duster and a continuation of RP_04 existing body.

This individual pegmatite is looking bigger than McCombe as 600*200*16*2.7=5.2Mt. How much bigger is unclear but the infill drilling should fairly quickly confirm widths. Speculation time #2. There's a thinner pegmatite with tag's 4.1m @ 1.38%, 7.8m @ 1.61% and 8.2m @ 1.43%. As drawn, this is sloping more steeply than RP_04. Do the two intersect further to the east. If they do intersect what happens at that point?

Having now extended several holes so that they hit RP_04, my guess is GT1 will continue doing more extensions of the eastward drill holes as they have already drilled most of the depth required.


There's some NSI's to the north of RP_04 so this individual pegmatite may not get into the 10Mt+ range. Doing some met test work on RP_04 will be another priority. It may only take 1Mt to 1.1Mt of RP_04 resource to provide 200ktpa of concentrated spod if strong recovery rates are combined with the grades already being observed. PLL's modelling was needing 196kt of SC6 for their planned 30kt Hydroxide plant at Tennessee so while 5-10Mt might seem small, it could still be 5-10 years supply for a Hydroxide plant. If you combine high grade and high recovery, 10Mt can be the equivalent of 20Mt of lower grade, lower recovery material.

While RB-23-042 isn't a huge intercept, but its sufficiently near surface that mining this 1.59% grade should be very easy with minimal strip ratios. If GT1 has a concentrator nearby to process either McCombe or RP_04, even small areas of high grade basically at surface ore will be economic.


As noted, with multiple pegmatites in the immediate area all showing mineralisation, there is a huge chance of many more in the area also being mineralised.

The other great news - GT1's drilling in Ontario again (well in less than a week).