Ann: Pioneer Dome Lithium Project update - amended, page-2

Essential Metals (ASX:ESS) intersects fresh spodumene from Cade Deposit – The Market Herald

Essential Metals (ASX:ESS) intersects fresh spodumene from Cade Deposit

ASX News, Materials

ASX:ESS MCAP $74.49M

Julia SeymourMarkets Presenter/[email protected] February 2022 11:41 (AEDT)

• Essential Metals (ESS) intersects fresh spodumene from near surface at the Cade Deposit within the Pioneer Dome Project in WA
• The holes were drilled to increase confidence in the lithium mineral resource estimate and provide samples from drill core to conduct confirmatory metallurgical test work
• The company expects to upgrade the drilled zones from Inferred to Indicated status within the Mineral Resource and says it’s confident drilling will demonstrate the deposits can be mined to produce recoverable spodumene from surface
• The drill core is now being prepared for dispatchment, with a roughly 12-week turnaround time expected from the laboratory
• Essential Metals is up 6.56 per cent, trading at 32.5 cents at 11:40 am AEDT