Ann: Maiden Resource Proves Up Faraday DSO Starter Opportunity, page-4

OK so here 'tis first page of 28.
Key Highlights
 Maiden independent Faraday lithium Mineral Resource Estimate (MRE) of 481,000t @ 0.59% Li2O (0.30% Li2O cut-off) in Southern Starter Pit location to a maximum depth of 65m
 High grade core of 106,000t @ 0.87% Li2O defined (at 0.80% Li2O cut-off)
 Fast-track work streams continue to prove up DSO opportunity:
o 106,000t @ 0.65% Li2O (0.30% Li2O cut-off) Indicated resource defined by 10m by 10m drill spacing
o Initial mineralogy completed on select samples indicates that spodumene is the dominant lithiumbearing mineral present
o Metallurgical testwork confirms robust upgrade and ability to produce saleable concentrate
o Ongoing discussions with potential offtakers and industry participants
o Fast tracked DSO starter pit design commenced. Faraday is a potential low-cost mining operation with
minimal strip ratio due to shallow outcropping resource
 The Faraday DSO pit is expected to be production-ready in the second half of 2023
 The Faraday Lithium Project resource remains unconstrained. Field mapping confirms Faraday pegmatite extends 300m to the north of maiden MRE envelope, more than doubling the potential strike extent of the maiden Faraday Mineral Resource
 Aggressive drilling program commenced to grow the Mineral Resource and to upgrade the remainder of the MRE to Indicated status
 Lithium activities are consistent with Widgie’s strategy to create value for shareholders by commercialising our expanding mineral inventory which now contains a pipeline of lithium and nickel sulphide development opportunities.
Managing Director and CEO Mr Steve Norregaard commented “Widgie’s lithium is now for real. In just a few months from November 2022 to now be declaring our maiden lithium resource demonstrates Widgie’s resolve to capitalise on the strong demand fundamentals for battery metals. This is just the beginning of a growth story, as we roll our sleeves up to realise value for shareholders in the short term, we have also got our eyes firmly focused on expanding our lithium vision for the Company and its future.
“The Faraday Lithium Project has all the hallmarks of a very low-cost development able to be commercialised in the near term. Interest in the DSO from industry participants is growing rapidly and we expect to provide updates on this in the coming quarter”.
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Level 4, 220 St Georges Tce Perth, WA 6000
GLALTH .... Mal