Yilgarn Lithium Project: Phase 1 Drilling Results And Anomalous Li Findings.pdf

Lithium Consolidated (LCME) has conducted extensive exploration across six licenses in Western Australia, focusing on identifying lithium-rich pegmatites. The report highlights significant findings from drilling activities at Dundas, Bedonia, Ten Mile, and Snomys.

### Key Findings:

1. Dundas License:
- Located 15 km northeast of Buldania.
- Drilling revealed a potential 1.6 km strike length of pegmatites with an apparent shallow dip to the west.
- Pegmatite intersections suggest a width of at least 200 meters and thickness between 3.5m to 12m.
- Weathered cover varies from 20m to 40m.

2. Bedonia License:
- Situated 6 km south of Buldania.
- Two Aircore holes intersected anomalous LCT pegmatite pathfinders within weathered felsic meta-volcanics and a narrow, strongly weathered pegmatite.
- Cover thickness reaches up to 90m.

3. Ten Mile:
- Anomalous LCT geochemistry found at the bottom of one Aircore hole in a weathered quartz vein.
- Other nearby lines did not return significant results.

4. Snomys and Other Tenements:
- Elevated Li and associated pathfinders detected within highly weathered cover material.
- Additional areas like Cool and Nawoc showed no anomalous values for LCT pegmatite pathfinders.

### Gold Analyses:
- 176 samples re-assayed for gold, with most results below the detection limit of 0.005 ppm Au.

### Competent Person’s Statement:
- The exploration results are based on information prepared by Mr. Adrian Black, a director at Newexco Services Pty Ltd and a member of the Australian Institute of Geoscientists.

### Conclusion:
The findings indicate promising prospects for lithium-rich pegmatites across the explored licenses, with Dundas showing particularly encouraging results. Further detailed assessments and exploration are recommended to fully evaluate the potential of these deposits.