Ann: GBX Signs Option to Acquire Large-Scale Lithium Clay Project-GBX.AX, page-3

GB Energy Signs Option to Acquire Large-Scale Lithium Clay Project
Highlights:
120 day option signed for the right to acquire, by farm-in, 70% of the largescale Bitterwasser lithium clay project in Namibia
Lithium clays are an exciting new frontier in lithium - unlike the majority of hard rock lithium opportunities, Bitterwasser potentially provides real scale, given the 58km2 areal extent of the salt pans
Previous drilling has identified the presence of elevated lithium and potassium in clays
Bitterwasser salt lake system also to be assessed for lithium brine potential
Sediment sampling to validate existing data a will commence immediately