This is not even our main deposit prospect at the Root Project....

This is not even our main deposit prospect at the Root Project. What is so great about this announcement is that there was no historical drilling at Root Bay and only a channel sample of 14m. This adds a whole new dimension to the Root Project with this drilling at Root Bay now confirming multiple stacked lithium bearing pegmatites cross cutting a magnetic ridge that extends over six kilometres of highly prospective ground




“Root Bay is the third prospect located on the eastern side of the Root Project with drilling now confirming multiple stacked lithium bearing pegmatites cross cutting a magnetic ridge that extends over six kilometres of highly prospective ground”

The Root Bay outcrop cross cut’s a regional scale magnetic ridge that strikes east-west for over 6km and we believe this is one of the regional structures which controls lithium mineralisation in the area. Field exploration mapping completed by GT1 in September 2022 located additional spodumene bearing pegmatites to the west of the Root Bay outcrop along strike of the magnetic ridge.


Drilling has now intersected six separate pegmatites with a multitude of interstitial and interconnecting smaller pegmatites within the initial drill area representing just 1.2km of the available >6km strike length. Drilling will now step north 100m to complete another fence line to determine strike length of the known pegmatites and test additional breaks in the magnetic ridge before targeting depth extensions and the remaining geophysical targets along the 6km ridge.

PEA and MRE Update
"GT1 advises that the Preliminary Economic Assessment (PEA) will be delivered pending the release of the Maiden McCombe Mineral Resource Estimate (MRE) and Seymour MRE Update, this is due to the PEA incorporating feed from the new MRE’s." Sounds like they have to be announced at the same time due the PEA's connection with the MRE's feed in.