General Discussion, page-1573

https://the-pick.com.au/essential-unveils-50-to-increase-to-dome-north-lithium-indicated-resource/

Essential unveils 50% to increase to Dome North lithium Indicated Resource

DECEMBER 21, 2022 By Staff Writer

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• Lithium within the higher confidence Indicated Resource category has increased from 5.4Mt @ 1.3% Li2O containing 70,000 tonnes of lithium to 8.6Mt @ 1.23% Li2O containing 105,000 tonnes, an increase of 50%.

• An impressive 81% of the total contained lithium within the Mineral Resource has now been upgraded to the higher confidence Indicated Category, reflecting the thick, high grade and out-cropping nature of the deposits......

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Upcoming events
December 2022

• Receipt of non-binding expressions of interest (EOI) from parties seeking a financing and off-take partnership to assist with advancing the Pioneer Dome Lithium Project into production.

January 2023

• Completion of the Pioneer Dome Lithium Project Scoping Study.

• Short-listing of EOI interested parties to negotiate final offered terms then ESS selecting its preferred

project partner and enter into binding term sheets covering offtake and project funding.
February 2023

• Update on exploration activities at Pioneer Dome following field reconnaissance work focussed on the 40+ targets generated from the structural interpretation completed in November.

March 2023

• Commence detailed feasibility studies.

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