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Major drilling programme to target resource growth at Dome North Lithium Project



HIGHLIGHTS


  • The drill programme of up to ~9,000m is anticipated to commence in mid-May and will take up to 2.5 months to complete, subject to rig scheduling and drilling rates. The results will underpin an update to the current 11.2Mt @ 1.21% Li2O Dome North Mineral Resource Estimate, scheduled for early December Quarter 2022.

  • Cade Deposit: 11 holes planned in three phases. The first phase of up to 8 Reverse Circulation (RC) pre-collared holes with diamond tails (RCD holes) will be drilled at a vertical depth of ~100-200m below the lower boundary of the current lithium Resource. The positioning of the first phase holes aligns with the plunge of the thicker and higher-grade central zone within the Cade deposit. The second and third phase holes will be drilled above and below the Phase 1 holes, based on geological observations from these holes.

  • Davy Deposit: 11 holes planned, designed to test three zones. Three RCD holes will be drilled ~100m below the lower boundary of the current lithium Resource. Six RC holes will test the northern strike and two holes will test the southern strike of the Davy deposit.

  • Assays from the recently completed exploration and metallurgical diamond drill programme1 are expected by end-May with metallurgical test work to follow upon receipt of the assays. The test work results and updated MRE will underpin a Scoping Study due in the December Quarter 2022.





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