Ann: Significant Pegmatite Outcropping at Litchfield Project, page-2

"Follow up site visit to the Litchfield Lithium Project in the Northern
Territory, arranged by the Vendor Group’s geological consultant, has
highlighted significant pegmatite outcropping (Figure 1 & 3) along the
western boundary:

❖ This is contiguous to Core Lithium’s (ASX: CXO) Finnis Lithium
Project1 which has JORC compliant ore reserves (7.4Mt @ 1.3%
Li2O) 1

o With satellite imagery2 verifying the geology in the Litchfield Lithium
Project (NW quadrant) is comparable to CXO’s ground, CCZ is
awaiting assay results on 657 surface samples (taken along the NW
boundary) to determine the potential for contiguous mineralisation:

❖ Encouragingly, the site- visit geological reports noted the areas
sampled mostly comprised metamorphic rocks linked to the
Burrell Creek formation – a host rock for the regional occurrences of pegmatites (Appendix A)

o Meanwhile, the Board has been advised by the on-site team at the Arya
Copper Prospect in the Mt Isa copper-belt that prep work is nearly
complete, which will enable drilling to commence shortly thereafter
CCZ’s Managing Director, Simon Paull, commented:

“Initial due diligence at the Litchfield Lithium Project is off to an excellent start, with demonstrable photographic evidence of pegmatite outcropping along the western boundary. The Board now awaits the outcome of assay results which will determine the potential for contiguous mineralisation with CXO’s Finniss Lithium Project. In the meantime, our team’s efforts are now focused on commencing the inaugural
drilling campaign at the Arya Copper Prospect in the Mt Isa copper belt.”

CB