Announcement out, good newsSPODUMENE AND LEPIDOLITE IDENTIFIEDIN...

Announcement out, good news

SPODUMENE AND LEPIDOLITE IDENTIFIED
IN PEGMATITES AT KARONIE
HIGHLIGHTS
▪ Final assays from Karonie lithium drill program confirm fertile LCT Pegmatites at
the Hickory Prospect.
▪ Mineralisation occurs as spodumene and lepidolite, confirmed via chemical
assays, Laser Induced Breakdown Spectroscopy (“LIBS”) and ultraviolet response.
▪ Numerous high tenor targets remain to be tested under cover to the north.
▪ Gravity survey completed to assess potential for mapping of pegmatites under
cover to the north of Hickory. Data processing underway with results pending.
▪ Multiple regional lithium targets untested within 100% owned Karonie tenure.
▪ Best results included:
HYRC006:
▪ 67-68m – 1m @ 0.12% Li2O
▪ 72-74m – 2m @ 0.11% Li2O
▪ 161-164m – 3m @ 0.27% Li2O, 53.2ppm Ta2O5
(including 1m @ 0.47% Li2O, 70.3ppm Ta2O5 from 162m)
▪ 174-175m – 1m @ 0.12% Li2O, 23.7ppm Ta2O5
▪ 178-179m – 1m @ 0.18% Li2O, 23.1ppm Ta2O5
HYRC001:
▪ 39-40m – 1m @ 0.17% Li2O, 37.1ppm Ta2O5
HYRC016:
▪ 63-64m – 1m @ 0.12% Li2O, 34.7ppm Ta2O5
HYRC034:
▪ 111-112m – 1m @ 0.1% Li2O, 33.0ppm Ta2O5
HYRC037
▪ 70-71m – 1m @ 0.1% Li2O, 37.1ppm Ta2O5
Chief Executive Officer Mr James Wilson commented: “The discovery of extensive
stacked pegmatites with the confirmation of spodumene mineralogy is a fantastic start
to exploration of this new lithium province. The assays confirm we are dealing with an
LCT pegmatite system which is open at depth and continues for roughly 3km to the
north and west under shallow alluvial cover, masking any surface geochemical
expression. Gravity surveys have recently been completed with data processing and
interpretation underway which we believe will help map the pegmatites under cover
and guide the next steps.”