This latest round of drilling at Goulamina has returned additional wide, high-grade intersections
from the Sangar I and II spodumene pegmatites, while a new spodumene pegmatite has also been
intersected at the Bara prospect 1.2 km south of Danaya.
Best new results include 25m at 1.97% Li2O from 134m (GMRC365), 52m at 1.44% Li2O from 155m,
49m at 1.82% Li2O from 115m (GMRC369) and 34m at 1.81% Li2O from 136m (GMRC371) (see Table
1 below for a more comprehensive summary of recent results).
Along with providing new information for updating the Mineral Resource and Ore Reserve, the
current drilling program is testing geophysical and structural hydrological targets within Goulamina
and aiding in the completion of geotechnical testwork relating to the construction of the process
plant and tailings storage facility.
Program summary
• 41 RC holes completed for 7315 metres (see Figure 1).
• 830 assays received of 3220 submitted to date.
• Improved confidence in the Sangar l and Sangar ll interpretation and mineralisation.
• Sangar ll model will extend below pit shell.
• Spodumene-bearing pegmatite and aplite intersected at Bara, GMRC396 - 17m from 85m.
Assays awaited.
• Drilling of water bore test holes has commenced:
o 8 exploratory water bores planned (640m)
o Hole GMWB015, close to the proposed plant site, has intersected significant
quantities of water. Flow test work is underway
MLL Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held