Update from 22.02.2017 LITHIUM POTENTIAL CONFIRMED AT LAKE...

Update from 22.02.2017
LITHIUM POTENTIAL CONFIRMED AT LAKE JOHNSTON

As announced during December 2016 (ASX release dated 21 December, 2016), Montezuma has purchased the
extensive exploration database for the Lake Johnston Project from Hannan’s Ltd (ASX:HNR)3
. The database
includes geochemical, geophysical and drilling data, and has allowed Montezuma to accelerate target
definition activities targeting economic accumulations of nickel, gold and lithium.
During a detailed review of the database, a number of priority lithium targets have been identified within the
project area (Figure 2). These targets have been generated with historical mapping and field reconnaissance in
areas of outcrop, and historical drilling and auger sampling. The review has highlighted a high volume of
pegmatites, both in drilling, and in outcrop, some coincident with elevated levels of lithium (up to 75ppm in
lake auger drilling). Significantly, none of the identified pegmatites have been sampled for lithium or
associated elements (eg rubidium).
The Company intends to commence follow up work to validate these lithium targets. A field program will be
undertaken including further mapping, rock chip sampling and, where possible, re-sampling of historical drilling
spoil for lithium and selected pathfinder element assay.
This work will also focus on following-up a number of existing nickel and gold targets, with a particular focus on
the Hardcore and Ernest gold prospects where previous workers identified significant near surface gold
mineralisation.
Historic drilling intercepts at the Hardcore Prospect include4
:
Ø 8m @ 5.09 g/t Au
Ø 3m @ 17.69 g/t Au
Ø 2m @ 35.88 g/t Au