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FIRST LITHIUM LIMITED Capital/Financing Update 2024

Sep 9, 2024

64921_rns_2024-09-09_a09157b0-1bae-42a0-9eb2-bb97d5796912.pdf

Capital/Financing Update

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10 September 2024

FINAL RESULTS RECEIVED FOR BLAKALA; VERY HIGH Li₂O ANALYTICAL RESULTS FROM SECOND SERIES DRILLING CONFIRMS SIGNIFICANT DEPTH AND STRIKE CONTINUITY OF THE EASTERN PEGMATITE

HIGHLIGHTS

  • Second Series holes drilled on Eastern and Western Pegmatites, as well as Southern extension of the Main Pegmatite on the Blakala Prospect, with Reverse Circulation (RC) pre-collars and diamond tails to intersect targeted pegmatites under the First Series diamond holes at depths of approximately 50 – 100m below the surface

  • High grade analytical results received for Second Series diamond tails BRCD16 to BRCD21 drilled in the Eastern Pegmatite, with high grades from all these holes covering circa 400m strike (Figures 1 & 2):

  • BRCD21 with 24.00m intersection @ 1.53% Li2O (from 129.0m)

  • BRCD19 with 28.59m intersection @ 1.51% Li2O (from 117.0m)

  • BRCD18 with 9.00m intersection @ 1.62% Li2O (from 117.0m)

  • High grade analytical results received for First Series diamond hole BDFS46 confirming the additional northern extension to the Eastern Pegmatite (Figure 1):

  • BDFS46 with 12.27m intersection @ 1.65% Li2O (from 46.0m)

  • High grade analytical results received for Second Series diamond tail BRCD25 drilled on the Southern extension of the Main Pegmatite, which shows the depth continuity of the Southern extension of the Main Pegmatite and is in addition to the excellent results reported for the Main Pegmatite Second Series drilling (Figures 1 & 3):

  • BRCD25 with 8.34m intersection @ 1.77% Li2O (from 137.0m)

  • High grade analytical results received for Second Series diamond tails drilled on the Western Pegmatite, showing the mineralisation at depth and the significant width of this pegmatite body (Figures 1 & 4):

  • BRCD28 with 25.64m intersection @ 1.68% Li2O (from 137.0m); and

  • BRCD36 with 15.00m intersection @ 1.23% Li2O (from 96.0m)

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FIRST LITHIUM LIMITED ACN 009 081 770 (FL1.ASX) https://firstlithium.com.au
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ASX ANNOUNCEMENT
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First Lithium Ltd (“FL1” or “the Company”) is pleased to announce the receipt of assay results for the First Series diamond drillholes BDFS40 to BDFS46 (Table 1) and diamond tails from the Second Series holes BRCD16 to BRCD36 at the priority - lithium prospect at Blakala (Table 2), located in the Gouna permit, Mali. The high to very high-grade Li₂O results from the First Series diamond drill holes BDFS45 and BDFS46, at the most southern and northern drillholes on the Eastern Pegmatite, shows this pegmatite is still open on strike in both directions. The high to very high-grade Li₂O results from the Second Series diamond drill holes are from the Eastern Pegmatite (BRCD16 to BRCD24), the Southern extension of the Main Pegmatite (BRCD25 - BRCD27) and the Western Pegmatite (BRCD28 – BRCD36). The high Li₂O grades from holes BRCD16 to BRCD21 on the Eastern Pegmatite; hole BRCD25 on the Southern extension of the Main Pegmatite; and holes BRCD28, BRCD32, BRCD34 and BRCD36 on the Western Pegmatite follow on from the excellent analytical results returned for the First and Second Series diamond holes in the Main, Eastern and Western Pegmatite Bodies ¹[,2,3,4] and the very high grades from outcrop sampling at surface. The results from the Eastern Pegmatite holes (Table 2) are at vertical depth of between 60 to 120m, and clearly show the depth and strike extension (grade is continuous between 6 holes with a circa 400m strike) at the depth of the Second Series holes (Figures 1 and 2). The high Li₂O results from a significant intersection thickness (25.64m) from the Second Series hole (BRCD28) on the Western Pegmatite (Table 2) shows the significant depth potential of the Western Pegmatite as well (Figures 1 and 4). The intersection is at circa 90 to 100m vertical depth. These intersections all show the pegmatites are still open at depth.

FL1 Managing Director, Venkat Padala said:

“Completion of the analytical results is a milestone the Company is very proud to achieve, next step is the maiden JORC for the Project which is expected in the coming month. This, along with license renewals also expected shortly, will provide a significant understanding of the scope and scale of this project, something all involved are excited to understand".

1 ASX:FL1 Announcement 20/12/2023 – Significant discovery confirmed at Blakala including 111m @ 1.57% Li2O

2 ASX:FL1 Announcement 22/01/2024 – Exceptional results from Blakala holes 4 to 15.

3 ASX:TSL Announcement 05/02/2024 - Blakala discovery expands with first assay results from Western pegmatite including 33.72m @ 1.59% Li2O and 17.00m @ 1.81% Li2O

4 ASX:FL1 Announcement 22/08/2024 – License renewals in progress, series two drilling analytical results identify very high Li2O within the main pegmatite at Blakala.

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DETAILS

Eastern Pegmatite RC and diamond drillholes

The First Series diamond drill holes BDFS41, BDFS43, BDFS45 and BDFS46 were drilled on the Eastern pegmatite. While hole BDFS41 in the northern extension of the eastern Pegmatite did not intersect significant mineralisation, hole BDFS46 which is further north and the most northern hole drilled on this pegmatite body did intersect a wide zone with very high-grade Li₂O results, indicating that this pegmatite is still open on strike in the north. Similarly, the very high-grade Li₂O results from hole BDFS45 shows this pegmatite is still open on strike in the south (Table 1; Figure 1).

In the Second Series drilling utilizing RC precollars and diamond tails, the aim of the drilling was to intersect the Eastern Pegmatite at a vertical depth of between 50 to 100m, thus below the First Series diamond holes which intersected the pegmatite at approximately 20 to 50m below surface. The RC precollars were drilled until they intersected the Eastern Pegmatite, drilling then continued with diamond tail drilling. In two of the RC holes some of the Eastern Pegmatite was intersected before drilling switched to diamond tail drilling; in hole BRCD17 the last RC drilling returned 3.00m at 1.58% Li₂0, while in hole BRCD18 the final metre of the RC hole returned 1.00m at 1.48% Li₂0. The 9 Second Series holes drilled on the Eastern Pegmatite (BRCD16 to BRCD24), 7 intersected high Li₂0 results; the strike and depth extent with high Li₂0 grades of the Eastern Pegmatite has now been clearly shown with approximately 400m of strike with high grades at surface in the outcrop, high grades in the First Series holes and high grades in the Second Series holes (Table 2; Figures 1 and 2).

Western Pegmatite RC and diamond drillholes

The First Series diamond drill hole BDFS44 was drilled in the southern area of the Western pegmatite, with no significant mineralisation (Table 1; Figure 1).

For the analytical results from the Second Series drill holes BRCD28 to BRCD36 on the Western Pegmatite, holes BRCD28, BRCD32, BRCD34 and BRCD36 have high to very high-grade Li₂O intersections (Table 2). Particularly hole BRCD28, which was drilled to intersect under the First Series hole BDFS17 and is the most northern drilling line on the western pegmatite, and this returned very high-grade Li₂O over a wide intersection with 1.68% Li₂O at an intersection width of 25.64m (Figure 4). The Western Pegmatite is therefore open to the north (Figure 1).

Main Pegmatite Southern extension RC and diamond drillholes

The First Series diamond drill holes BDFS40 and BDFS42 were drilled in the southern extension area of the Main pegmatite, with significant mineralisation being encountered in hole BDFS40 (Table 1; Figure 1).

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ASX ANNOUNCEMENT
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Results for the Second Series holes BRCD25 - BRCD27 show good results for hole BRCD25 with an intersection thickness of 8.34m and 1.77% Li₂O (Table 2; Figures 1 and 3).

The diamond drill results received are for 534 samples, and additionally the results for 47 QA/QC samples (Duplicates, AMIS sourced chip reference Blanks and AMIS sourced reference Standards) were also received. Good accuracy and precision were found on all 47 QA/QC samples.

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Figure 1: Locality and analytical results of Blakala First Series BDFS40 to BDFS46 diamond drill holes (black with white background) and Second Series diamond tail drill holes BRCD16 to BRCD36 (red with yellow background).

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Table 1: Sampling, analytical results and weighted intersections from First Series diamond holes BDFS40 to BDFS46.

BHID SAMP ID FROM (m) TO (m) Interval (m) LITH Li % Li2O% Weighted Li2O% Interval (m)
BDFS40 K9177 59.54 60.54 1.00 MGW + thin peg(3cm) 0.06 0.13
BDFS40 K9178 60.54 61.00 0.46 Peg 0.03 0.07
BDFS40 K9181 61.00 62.00 1.00 Peg 0.37 0.80
BDFS40 K9182 62.00 63.00 1.00 Peg 0.10 0.21
BDFS40 K9183 63.00 64.00 1.00 Peg 0.46 0.99 1.83 5.50
BDFS40 K9184 64.00 65.00 1.00 Peg 0.99 2.13
BDFS40 K9185 65.00 66.00 1.00 Peg 0.72 1.55
BDFS40 K9186 66.00 67.00 1.00 Peg 0.94 2.01
BDFS40 K9187 67.00 68.00 1.00 Peg 1.34 2.88
BDFS40 K9188 68.00 68.50 0.50 Peg 0.48 1.04
BDFS40 K9189 68.50 69.50 1.00 MGW 0.08 0.18
BDFS40 NS 69.50 91.96 22.46
BDFS40 K9190 91.96 92.50 0.54 MGW + thin peg(3cm) 0.01 0.01
BHID SAMP ID FROM (m) TO (m) Interval (m) LITH Li % Li2O% Weighted Li2O% Interval (m)
BDFS41 K9191 5.50 6.50 1.00 Sap of Schist 0.02 0.04
BDFS41 K9192 6.50 7.00 0.50 Sap of Peg 0.03 0.07
BDFS41 K9193 7.00 8.00 1.00 Sap of Peg 0.02 0.05
BDFS41 K9194 8.00 9.00 1.00 Sap of Peg 0.03 0.07
BDFS41 K9195 9.00 10.00 1.00 Sap of Peg 0.05 0.10
BDFS41 K9196 10.00 11.00 1.00 Sap of Peg 0.04 0.09
BDFS41 K9197 11.00 12.00 1.00 Sap of Peg 0.04 0.08
BDFS41 K9198 12.00 13.00 1.00 Sap of Peg 0.05 0.11
BDFS41 K9201 13.00 14.00 1.00 Sap of Peg 0.06 0.13
BDFS41 K9202 14.00 15.00 1.00 Sap of Peg 0.06 0.13
BDFS41 K9203 15.00 16.00 1.00 Sap of Peg 0.04 0.09
BDFS41 K9204 16.00 17.00 1.00 Sap of Peg 0.06 0.13
BDFS41 K9205 17.00 18.00 1.00 Sap of Peg 0.04 0.10
BDFS41 K9206 18.00 19.00 1.00 Sap of Peg 0.02 0.05
BDFS41 K9207 19.00 20.00 1.00 Sap of Peg 0.05 0.10
BDFS41 K9208 20.00 21.00 1.00 Sap of Peg 0.04 0.08
BDFS41 K9209 21.00 22.00 1.00 Sap of Peg 0.03 0.07
BDFS41 K9210 22.00 23.00 1.00 Sap of Peg 0.04 0.08
BDFS41 K9211 23.00 24.00 1.00 Sap of Peg 0.04 0.08
BDFS41 K9212 24.00 25.00 1.00 Sap of Peg 0.04 0.08
BDFS41 K9213 25.00 25.50 0.50 Sap of Peg 0.06 0.13
BDFS41 K9214 25.50 26.50 1.00 Sap of Peg 0.04 0.10
BDFS41 K9215 26.50 27.00 0.50 Peg 0.05 0.11
BDFS41 K9216 27.00 28.00 1.00 Peg 0.06 0.12
BDFS41 K9217 28.00 29.00 1.00 Peg 0.05 0.12
BDFS41 K9218 29.00 30.00 1.00 Peg 0.04 0.09
BDFS41 K9221 30.00 31.00 1.00 Peg 0.07 0.14
BDFS41 K9222 31.00 32.00 1.00 Peg 0.33 0.70
BDFS41 K9223 32.00 32.50 0.50 Peg 0.29 0.61
BDFS41 K9224 32.50 33.50 1.00 MGW 0.19 0.42
BDFS41 K9225 33.50 34.00 0.50 MGW 0.20 0.43
BDFS41 K9226 34.00 35.00 1.00 MGW 0.11 0.24

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ASX ANNOUNCEMENT
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BDFS41 K9227 35.00 36.00 1.00 MGW 0.06 0.14
BDFS41 K9228 36.00 37.00 1.00 MGW 0.07 0.15
BDFS41 K9229 37.00 38.00 1.00 MGW 0.07 0.15
BDFS41 K9231 38.00 39.00 1.00 MGW + thin peg(9cm) 0.08 0.16
BDFS41 K9232 39.00 40.00 1.00 MGW 0.08 0.17
BDFS41 K9233 40.00 41.00 1.00 MGW 0.07 0.16
BDFS41 K9234 41.00 42.00 1.00 MGW 0.09 0.19
BDFS41 K9235 42.00 43.00 1.00 MGW 0.06 0.13
BDFS41 K9236 43.00 44.00 1.00 MGW 0.06 0.13
BDFS41 K9237 44.00 45.00 1.00 MGW 0.07 0.15
BDFS41 K9238 45.00 46.00 1.00 MGW 0.06 0.13
BDFS41 K9241 46.00 46.83 0.83 MGW 0.09 0.19
BDFS41 K9242 46.83 47.96 1.13 Peg 0.04 0.08
BDFS41 K9243 47.96 49.00 1.04 MGW 0.12 0.25
BDFS41 K9244 49.00 50.00 1.00 Peg 0.02 0.04
BDFS41 K9245 50.00 50.45 0.45 Peg 0.02 0.04
BDFS41 K9246 50.45 51.45 1.00 MGW 0.08 0.18
BDFS41 NS 51.45 86.87 35.42
BDFS41 K9247 86.87 87.87 1.00 MGW 0.10 0.20
BDFS41 K9248 87.87 89.00 1.13 Peg 0.04 0.09
BDFS41 K9249 89.00 90.00 1.00 Peg 0.05 0.11
BDFS41 K9250 90.00 91.00 1.00 Peg 0.09 0.20
BDFS41 K9251 91.00 92.00 1.00 Peg 0.05 0.10
BDFS41 K9252 92.00 93.10 1.10 Peg 0.05 0.11
BDFS41 K9253 93.10 94.00 0.90 MGW + thin peg(13cm) 0.13 0.28
BDFS41 K9254 94.00 95.00 1.00 MGW 0.09 0.19
BDFS41 K9255 95.00 96.00 1.00 MGW 0.10 0.22
BDFS41 K9256 96.00 97.00 1.00 MGW + thin peg(10cm) 0.09 0.20
BDFS41 K9257 97.00 97.50 0.50 MGW + thin peg(5cm) 0.14 0.30
BDFS41 K9258 97.50 98.00 0.50 Peg 0.03 0.07
BDFS41 K9261 98.00 99.00 1.00 Peg 0.05 0.10
BDFS41 K9262 99.00 100.16 1.16 Peg 0.06 0.13
BDFS41 K9263 100.16 100.78 0.62 MGW + thin peg(20cm) 0.10 0.21
BDFS41 K9264 100.78 102.00 1.22 MGW + thin peg(4cm) 0.15 0.32
BDFS41 K9265 102.00 103.00 1.00 MGW + thin peg(5cm) 0.23 0.49
BDFS41 K9266 103.00 104.00 1.00 MGW 0.22 0.47
BDFS41 K9267 104.00 105.00 1.00 MGW 0.16 0.35
BDFS41 K9268 105.00 106.00 1.00 MGW 0.12 0.26
BDFS41 K9269 106.00 107.07 1.07 MGW 0.21 0.46
BDFS41 K9271 107.07 108.00 0.93 Peg 0.28 0.59
BDFS41 K9272 108.00 109.00 1.00 Peg 0.65 1.40
BDFS41 K9273 109.00 109.75 0.75 Peg 0.02 0.04
BDFS41 K9274 109.75 110.75 1.00 MGW+Thin peg vein 0.08 0.17
BDFS41 NS 110.75 127.84 17.09
BDFS41 K9275 127.84 128.84 1.00 Sch 0.05 0.12
BDFS41 K9276 128.84 129.82 0.98 Peg 0.01 0.01
BDFS41 K9277 129.82 130.82 1.00 MGW+Thin peg (5cm) 0.06 0.13
BDFS41 NS 130.82 143.83 13.01
BDFS41 K9278 143.83 144.83 1.00 MGW 0.02 0.05
BDFS41 K9281 144.83 145.44 0.61 Peg 0.00 0.01

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BDFS41 K9282 145.44 146.44 1.00 MGW 0.02 0.03
BHID SAMP ID FROM (m) TO (m) Interval (m) LITH Li % Li2O% Weighted Li2O% Interval (m)
BDFS43 K9283 51.82 52.82 1.00 MGW 0.08 0.17
BDFS43 K9284 52.82 54.00 1.18 Peg 0.02 0.04
BDFS43 K9285 54.00 55.00 1.00 Peg 0.03 0.06
BDFS43 K9286 55.00 55.40 0.40 Peg 0.02 0.05
BDFS43 K9287 55.40 56.40 1.00 MGW 0.09 0.19
BDFS43 NS 56.40 72.75 16.35
BDFS43 K9288 72.75 73.75 1.00 MGW 0.11 0.24
BDFS43 K9289 73.75 74.04 0.29 Peg 0.03 0.07
BDFS43 K9290 74.04 75.40 1.36 MGW 0.12 0.25
BDFS43 K9291 75.40 75.80 0.40 Peg 0.01 0.03
BDFS43 K9292 75.80 77.00 1.20 MGW 0.10 0.22
BDFS43 K9293 77.00 78.00 1.00 MGW 0.06 0.14
BDFS43 K9294 78.00 79.00 1.00 MGW 0.08 0.18
BDFS43 K9295 79.00 80.00 1.00 MGW 0.09 0.19
BDFS43 K9296 80.00 81.00 1.00 MGW 0.10 0.21
BDFS43 K9297 81.00 81.90 0.90 Peg+Thin MGW(26cm) 0.06 0.12
BDFS43 K9298 81.90 83.00 1.10 Peg+Thin MGW(10cm) 0.16 0.34
BDFS43 K9301 83.00 84.00 1.00 MGW 0.13 0.29
BDFS43 K9302 84.00 85.25 1.25 MGW 0.16 0.35
BDFS43 K9303 85.25 86.00 0.75 Peg 0.03 0.07
BDFS43 K9304 86.00 87.00 1.00 Peg 0.04 0.09
BDFS43 K9305 87.00 87.70 0.70 Peg 0.04 0.10
BDFS43 K9306 87.70 89.00 1.30 Peg+Thin MGW(10cm) 0.12 0.26
BDFS43 K9307 89.00 90.00 1.00 Peg+Thin MGW(17cm) 0.09 0.19
BDFS43 K9308 90.00 91.34 1.34 Peg+Thin MGW(05cm) 0.11 0.23
BDFS43 K9309 91.34 92.11 0.77 Peg 0.02 0.03
BDFS43 K9310 92.11 93.00 0.89 MGW 0.11 0.24
BDFS43 K9311 93.00 94.00 1.00 MGW 0.08 0.18
BDFS43 K9312 94.00 94.95 0.95 Peg+Thin MGW(05cm) 0.08 0.17
BDFS43 K9313 94.95 95.53 0.58 Peg 0.01 0.02
BDFS43 K9314 95.53 96.53 1.00 MGW 0.07 0.15
BDFS43 NS 96.53 120.00 23.47
BDFS43 K9315 120.00 121.00 1.00 MGW 0.03 0.06
BDFS43 K9316 121.00 121.34 0.34 Peg 0.00 0.01
BDFS43 K9317 121.34 122.34 1.00 MGW 0.03 0.06
BHID SAMP ID FROM (m) TO (m) Interval (m) LITH Li % Li2O% Weighted Li2O% Interval (m)
BDFS44 K9318 81.64 82.64 1.00 MGW 0.08 0.16
BDFS44 K9321 82.64 83.19 0.55 Peg 0.01 0.03
BDFS44 K9322 83.19 84.00 0.81 Shale/MGW 0.06 0.13
BDFS44 K9323 84.00 85.00 1.00 Shale 0.07 0.14
BDFS44 K9324 85.00 86.00 1.00 MGW 0.05 0.10
BDFS44 K9325 86.00 87.00 1.00 MGW 0.05 0.12
BDFS44 K9326 87.00 88.00 1.00 MGW 0.06 0.12
BDFS44 K9327 88.00 89.00 1.00 MGW 0.06 0.13
BDFS44 K9328 89.00 90.00 1.00 MGW 0.08 0.17
BDFS44 K9329 90.00 91.00 1.00 Shale 0.08 0.17
BDFS44 K9331 91.00 92.00 1.00 Shale/MGW 0.09 0.19

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BDFS44 K9332 92.00 93.00 1.00 MGW 0.11 0.24
BDFS44 K9333 93.00 94.30 1.30 MGW 0.16 0.35
BDFS44 K9334 94.30 95.00 0.70 Peg 0.08 0.18
BDFS44 K9335 95.00 96.08 1.08 Peg 0.03 0.07
BDFS44 K9336 96.08 97.00 0.92 MGW+Peg(8cm) 0.12 0.25
BDFS44 K9337 97.00 98.00 1.00 MGW 0.09 0.19
BDFS44 K9338 98.00 99.00 1.00 MGW 0.10 0.22
BDFS44 K9341 99.00 100.00 1.00 MGW 0.10 0.22
BDFS44 K9342 100.00 101.20 1.20 MGW 0.11 0.23
BDFS44 K9343 101.20 101.80 0.60 Peg 0.02 0.05
BDFS44 K9344 101.80 102.80 1.00 MGW 0.05 0.11
BHID SAMP ID FROM (m) TO (m) Interval (m) LITH Li % Li2O% Weighted Li2O% Interval (m)
BDFS45 K9345 81.20 82.20 1.00 MGW+int(7cm) 0.12 0.26
BDFS45 K9346 82.20 83.00 0.80 Peg 0.62 1.32 1.95 7.80
BDFS45 K9347 83.00 84.00 1.00 Peg 1.06 2.28
BDFS45 K9348 84.00 85.00 1.00 Peg 0.91 1.96
BDFS45 K9349 85.00 86.00 1.00 Peg 0.81 1.75
BDFS45 K9350 86.00 87.00 1.00 Peg 1.28 2.75
BDFS45 K9351 87.00 88.00 1.00 Peg 0.81 1.74
BDFS45 K9352 88.00 89.00 1.00 Peg 1.15 2.48
BDFS45 K9353 89.00 90.00 1.00 Peg 0.54 1.16
BDFS45 K9354 90.00 91.00 1.00 MGW 0.24 0.52
BDFS45 K9355 91.00 92.00 1.00 MGW+thin Peg(16cm) 0.09 0.20
BDFS45 K9356 92.00 93.18 1.18 MGW 0.09 0.20
BDFS45 K9357 93.18 94.00 0.82 Peg 0.07 0.15
BDFS45 K9358 94.00 95.00 1.00 Peg 0.12 0.26
BDFS45 K9361 95.00 96.00 1.00 Peg 0.09 0.19
BDFS45 K9362 96.00 97.00 1.00 Peg 0.10 0.22
BDFS45 K9363 97.00 98.00 1.00 Peg 0.10 0.22
BDFS45 K9364 98.00 99.00 1.00 Peg 0.09 0.20
BDFS45 K9365 99.00 100.00 1.00 Peg 0.04 0.09
BDFS45 K9366 100.00 100.90 0.90 Peg 0.06 0.12
BDFS45 K9367 100.90 101.90 1.00 MGW+thin Peg(8cm) 0.14 0.30
BDFS45 NS 101.90 133.74 31.84
BDFS45 K9368 133.74 134.05 0.31 Peg 0.01 0.02
BDFS45 NS 134.05 149.00 14.95
BDFS45 K9369 149.00 150.00 1.00 MGW 0.02 0.04
BDFS45 K9371 150.00 151.00 1.00 MGW+Qv(texture peg) 0.01 0.03
BDFS45 K9372 151.00 152.00 1.00 MGW+Qv(texture peg) 0.01 0.03
BDFS45 K9373 152.00 153.00 1.00 MGW+Qv(texture peg) 0.02 0.03
BDFS45 K9374 153.00 154.00 1.00 MGW+Qv(texture peg) 0.02 0.04
BDFS45 K9375 154.00 155.00 1.00 MGW 0.02 0.04
BHID SAMP ID FROM (m) TO (m) Interval (m) LITH Li % Li2O% Weighted Li2O% Interval (m)
BDFS46 K9376 39.00 40.00 1.00 Sap of schist 0.09 0.20
BDFS46 K9377 40.00 40.50 0.50 Sap of Peg 0.04 0.08
BDFS46 K9378 40.50 41.50 1.00 Sap of schist 0.04 0.08
BDFS46 K9381 41.50 42.50 1.00 Sap of schist, sap of peg (10cm) 0.03 0.06
BDFS46 K9382 42.50 43.00 0.50 Sap of schist 0.03 0.07
BDFS46 K9383 43.00 44.00 1.00 Sap of Peg 0.03 0.07

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BDFS46 K9384 44.00 45.00 1.00 Peg 0.08 0.17
BDFS46 K9385 45.00 46.00 1.00 Peg 0.12 0.27
BDFS46 K9386 46.00 47.00 1.00 Peg 0.91 1.95 1.65 12.27
BDFS46 K9387 47.00 48.00 1.00 Peg 0.81 1.75
BDFS46 K9388 48.00 49.00 1.00 Peg 0.87 1.87
BDFS46 K9389 49.00 50.00 1.00 Peg 0.94 2.02
BDFS46 K9390 50.00 51.00 1.00 Peg 0.54 1.16
BDFS46 K9391 51.00 52.00 1.00 Peg 0.85 1.84
BDFS46 K9392 52.00 53.00 1.00 Peg 0.80 1.73
BDFS46 K9393 53.00 54.00 1.00 Peg 1.12 2.42
BDFS46 K9394 54.00 54.65 0.65 Peg 0.38 0.81
BDFS46 K9395 54.65 55.00 0.35 Mica schist 0.29 0.63
BDFS46 K9396 55.00 56.00 1.00 Peg 0.57 1.24
BDFS46 K9397 56.00 57.00 1.00 Peg 0.84 1.81
BDFS46 K9398 57.00 57.85 0.85 Peg 0.79 1.70
BDFS46 K9401 57.85 58.27 0.42 Mica schist 0.28 0.59
BDFS46 K9402 58.27 59.44 1.17 Peg 0.03 0.06
BDFS46 K9403 59.44 60.44 1.00 Mica schist 0.17 0.36
BDFS46 NS 60.44 100.29 39.85
BDFS46 K9404 100.29 100.84 0.55 Peg+thin MGW(13cm) 0.02 0.03
BDFS46 NS 100.84 128.50 27.66
BDFS46 K9405 128.50 129.50 1.00 MGW 0.08 0.17
BDFS46 K9406 129.50 130.00 0.50 Peg + vein of MGW 0.04 0.08
BDFS46 K9407 130.00 131.00 1.00 Peg 0.05 0.10
BDFS46 K9408 131.00 132.00 1.00 Peg 0.02 0.04
BDFS46 K9409 132.00 133.00 1.00 Peg 0.03 0.07
BDFS46 K9410 133.00 134.00 1.00 Peg 0.06 0.12
BDFS46 K9411 134.00 134.69 0.69 Peg 0.03 0.07
BDFS46 K9412 134.69 136.00 1.31 MGW+thin peg (8cm) 0.09 0.19
BDFS46 K9413 136.00 137.00 1.00 MGW 0.08 0.18
BDFS46 K9414 137.00 138.13 1.13 MGW 0.09 0.20
BDFS46 K9415 138.13 139.36 1.23 Peg 0.01 0.02
BDFS46 K9416 139.36 139.64 0.28 MGW 0.11 0.24
BDFS46 K9417 139.64 140.00 0.36 Peg 0.02 0.04
BDFS46 K9418 140.00 141.00 1.00 Peg 0.03 0.07
BDFS46 K9421 141.00 142.00 1.00 Peg 0.02 0.05
BDFS46 K9422 142.00 143.00 1.00 Peg 0.03 0.06
BDFS46 K9423 143.00 144.00 1.00 Peg 0.03 0.07
BDFS46 K9424 144.00 145.00 1.00 Peg 0.02 0.04
BDFS46 K9425 145.00 146.00 1.00 Peg 0.02 0.05
BDFS46 K9426 146.00 147.00 1.00 Peg 0.02 0.05
BDFS46 K9427 147.00 148.00 1.00 Peg 0.04 0.09
BDFS46 K9428 148.00 149.00 1.00 Peg 0.03 0.07
BDFS46 K9429 149.00 150.00 1.00 Peg 0.03 0.06
BDFS46 K9431 150.00 150.53 0.53 Peg 0.03 0.06
BDFS46 K9432 150.53 151.53 1.00 MGW 0.10 0.23

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Table 2: Sampling, analytical results and weighted intersections from Second Series diamond tails BRCD16 to BRCD33, with results shown from the diamond drilled portions of the holes (RC portion of holes, collar information and pegmatite intersections previously reported - ASX:FL1 Announcement 22/08/2024 – License renewals in progress, series two drilling analytical results identify very high Li2O within the main pegmatite at Blakala).

BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD16 K10374 137.25 138.25 Sch 0.19 0.41
BRCD16 K10375 138.25 139.25 Sch 0.28 0.60
BRCD16 K10376 139.25 140.25 Peg 0.06 0.13
BRCD16 K10377 140.25 141.25 Peg 0.09 0.20
BRCD16 K10378 141.25 142.10 Peg 0.18 0.38
BRCD16 K10381 142.10 142.60 Sch 0.36 0.78
BRCD16 K10382 142.60 143.10 Peg 0.08 0.17
BRCD16 K10383 143.10 143.52 Sch 0.36 0.78
BRCD16 K10384 143.52 144.00 Peg 0.05 0.12
BRCD16 K10385 144.00 145.00 Sch 0.74 1.58 1.29 4.00
BRCD16 K10386 145.00 146.00 Peg 0.95 2.05
BRCD16 K10387 146.00 147.00 Peg 0.38 0.83
BRCD16 K10388 147.00 148.00 Peg 0.32 0.69
BRCD16 K10389 148.00 149.00 Peg 0.12 0.27
BRCD16 K10390 149.00 149.43 Peg 0.02 0.04
BRCD16 K10391 149.43 150.43 Sch 0.14 0.31
BRCD16 K10392 150.43 151.43 Sch 0.17 0.36
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD17 K10393 99.00 100.00 Peg 0.64 1.38 1.44 11.00
BRCD17 K10394 100.00 101.00 Peg 0.75 1.62
BRCD17 K10395 101.00 102.00 Peg 0.40 0.86
BRCD17 K10396 102.00 103.00 Peg 0.43 0.92
BRCD17 K10397 103.00 104.00 Peg 0.36 0.77
BRCD17 K10398 104.00 105.00 Peg 0.78 1.67
BRCD17 K10401 105.00 106.00 Peg 0.91 1.96
BRCD17 K10402 106.00 107.00 Peg 0.78 1.67
BRCD17 K10403 107.00 108.00 Peg 0.92 1.97
BRCD17 K10404 108.00 109.00 Peg 0.73 1.57
BRCD17 K10405 109.00 110.00 Peg 0.69 1.48
BRCD17 K10406 110.00 110.48 Peg 0.02 0.05
BRCD17 K10407 110.48 111.48 Sch 0.14 0.30
BRCD17 K10408 111.48 112.48 Sch 0.14 0.31
BRCD17 NS 112.48 117.45
BRCD17 K10409 117.45 118.45 Sch 0.08 0.18
BRCD17 K10410 118.45 119.02 Peg 0.02 0.05
BRCD17 K10411 119.02 120.02 Sch 0.11 0.23

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BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD18 K10412 117.00 118.00 Peg 0.71 1.52 1.62 9.00
BRCD18 K10413 118.00 119.00 Peg 0.87 1.87
BRCD18 K10414 119.00 120.00 Peg 0.79 1.70
BRCD18 K10415 120.00 121.00 Peg 0.65 1.39
BRCD18 K10416 121.00 122.00 Peg 0.63 1.36
BRCD18 K10417 122.00 123.00 Peg 0.55 1.19
BRCD18 K10418 123.00 124.00 Peg 0.92 1.98
BRCD18 K10421 124.00 125.00 Peg 1.06 2.29
BRCD18 K10422 125.00 126.00 Peg 0.58 1.25
BRCD18 K10423 126.00 126.60 Peg 0.03 0.07
BRCD18 K10424 126.60 127.60 Sch 0.12 0.25
BRCD18 K10425 127.60 128.60 Sch 0.06 0.13
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD19 K10426 117.00 117.30 Peg+Sch(10cm) 0.24 0.52 0.52 0.30
BRCD19 K10427 117.30 118.41 Sch 0.18 0.39
BRCD19 K10428 118.41 119.00 Peg 0.60 1.29 1.51 28.59
BRCD19 K10429 119.00 120.00 Peg 0.96 2.06
BRCD19 K10431 120.00 120.40 Peg 0.49 1.05
BRCD19 K10432 120.40 121.04 Sch 0.33 0.71
BRCD19 K10433 121.04 122.00 Peg 0.53 1.14
BRCD19 K10434 122.00 123.00 Peg 1.02 2.20
BRCD19 K10435 123.00 124.00 Peg 0.98 2.11
BRCD19 K10436 124.00 125.00 Peg 0.93 2.00
BRCD19 K10437 125.00 126.00 Peg 0.68 1.46
BRCD19 K10438 126.00 127.00 Peg 0.71 1.53
BRCD19 K10441 127.00 128.00 Peg 0.83 1.78
BRCD19 K10442 128.00 129.00 Peg 0.75 1.61
BRCD19 K10443 129.00 130.00 Peg 0.92 1.99
BRCD19 K10444 130.00 131.00 Peg 0.70 1.51
BRCD19 K10445 131.00 132.00 Peg 0.74 1.59
BRCD19 K10446 132.00 133.00 Peg 0.55 1.18
BRCD19 K10447 133.00 134.00 Peg 0.60 1.30
BRCD19 K10448 134.00 135.00 Peg 0.24 0.51
BRCD19 K10449 135.00 136.00 Peg 0.21 0.46
BRCD19 K10450 136.00 137.00 Peg 0.25 0.54
BRCD19 K10451 137.00 138.00 Peg 0.47 1.00
BRCD19 K10452 138.00 139.00 Peg 0.70 1.50
BRCD19 K10453 139.00 140.00 Peg 0.61 1.31
BRCD19 K10454 140.00 141.00 Peg 0.80 1.71
BRCD19 K10455 141.00 142.00 Peg 0.82 1.76
BRCD19 K10456 142.00 143.00 Peg 0.69 1.48

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BRCD19 K10457 143.00 144.00 Peg 0.83 1.79
BRCD19 K10458 144.00 145.00 Peg 0.98 2.10
BRCD19 K10461 145.00 146.00 Peg 1.03 2.22
BRCD19 K10462 146.00 147.00 Peg 0.85 1.84
BRCD19 K10463 147.00 148.00 Peg 0.21 0.45
BRCD19 K10464 148.00 149.00 Thinpeg+Sch 0.09 0.20
BRCD19 K10465 149.00 150.00 Sch 0.06 0.13
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD20 K10466 131.00 132.00 Sch 0.07 0.16
BRCD20 K10467 132.00 133.00 Sch 0.08 0.17
BRCD20 K10468 133.00 134.00 Peg 0.66 1.43 1.31 9.00
BRCD20 K10469 134.00 135.00 Peg 0.98 2.11
BRCD20 K10471 135.00 136.00 Peg 0.73 1.58
BRCD20 K10472 136.00 137.00 Peg 0.58 1.24
BRCD20 K10473 137.00 138.00 Peg 0.58 1.25
BRCD20 K10474 138.00 139.00 Peg 0.34 0.73
BRCD20 K10475 139.00 140.00 Peg 0.59 1.27
BRCD20 K10476 140.00 140.52 Sch 0.31 0.66
BRCD20 K10477 140.52 141.00 Peg 0.39 0.83
BRCD20 K10478 141.00 142.00 Peg 0.68 1.45
BRCD20 K10481 142.00 143.00 Peg 0.04 0.08
BRCD20 K10482 143.00 144.00 Sch 0.11 0.24
BRCD20 K10483 144.00 145.00 Sch 0.07 0.16
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD21 K10484 129.00 130.00 Peg 0.88 1.89 1.53 24.00
BRCD21 K10485 130.00 131.00 Peg 0.45 0.97
BRCD21 K10486 131.00 132.00 Thin sch +peg 0.39 0.85
BRCD21 K10487 132.00 133.00 Peg 0.30 0.64
BRCD21 K10488 133.00 133.82 Peg 0.85 1.83
BRCD21 K10489 133.82 134.28 Sch 0.41 0.89
BRCD21 K10490 134.28 135.00 Peg 0.43 0.92
BRCD21 K10491 135.00 136.00 Peg 0.85 1.83
BRCD21 K10492 136.00 137.00 Peg 0.87 1.87
BRCD21 K10493 137.00 138.00 Peg 0.91 1.96
BRCD21 K10494 138.00 139.00 Peg 0.90 1.93
BRCD21 K10495 139.00 140.00 Peg 0.93 2.01
BRCD21 K10496 140.00 141.00 Peg 0.63 1.35
BRCD21 K10497 141.00 142.00 Peg 0.83 1.78
BRCD21 K10498 142.00 143.00 Peg 0.80 1.72
BRCD21 K12001 143.00 144.00 Peg 0.43 0.92
BRCD21 K12002 144.00 145.00 Peg 0.99 2.13
BRCD21 K12003 145.00 146.00 Peg 0.92 1.98

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BRCD21 K12004 146.00 147.00 Peg 0.81 1.75
BRCD21 K12005 147.00 148.00 Peg 0.48 1.03
BRCD21 K12006 148.00 149.00 Peg 0.78 1.69
BRCD21 K12007 149.00 150.00 Peg 0.70 1.51
BRCD21 K12008 150.00 151.00 Peg 0.77 1.66
BRCD21 K12009 151.00 152.00 Peg 0.89 1.91
BRCD21 K12010 152.00 153.00 Peg 0.36 0.77
BRCD21 K12011 153.00 154.00 Peg 0.12 0.27
BRCD21 K12012 154.00 154.33 Peg 0.09 0.20
BRCD21 K12013 154.33 155.33 Sch 0.09 0.20
BRCD21 K12014 155.33 156.33 Sch 0.06 0.13
BRCD21 K12015 156.33 157.33 Sch 0.05 0.12
BRCD21 K12016 157.33 158.44 Peg+Sch 0.03 0.06
BRCD21 K12017 158.44 159.00 Sch 0.04 0.09
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD22 K12018 63.00 64.00 Peg 0.06 0.12
BRCD22 K12021 64.00 64.30 Peg 0.02 0.04
BRCD22 K12022 64.30 65.00 Sch 0.13 0.29
BRCD22 K12023 65.00 66.00 Sch 0.12 0.27
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD25 K12024 137.00 138.00 Sch 0.12 0.25
BRCD25 K12025 138.00 139.11 Sch 0.20 0.43
BRCD25 K12026 139.11 140.00 Peg 0.41 0.88 1.77 8.34
BRCD25 K12027 140.00 141.00 Peg 0.97 2.09
BRCD25 K12028 141.00 142.00 Peg 0.40 0.86
BRCD25 K12029 142.00 143.00 Peg 0.92 1.98
BRCD25 K12031 143.00 144.00 Peg 0.88 1.90
BRCD25 K12032 144.00 145.00 Peg 0.83 1.80
BRCD25 K12033 145.00 146.00 Peg 1.05 2.27
BRCD25 K12034 146.00 147.00 Peg 0.91 1.96
BRCD25 K12035 147.00 147.45 Peg 1.15 2.48
BRCD25 K12036 147.45 148.00 Peg(silicified) 0.03 0.07
BRCD25 K12037 148.00 149.00 Sch 0.15 0.32
BRCD25 K12038 149.00 150.00 Sch 0.19 0.41
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD28 K12041 111.00 112.25 Peg 0.11 0.24
BRCD28 K12042 112.25 113.00 Peg 0.40 0.86 1.52 3.75
BRCD28 K12043 113.00 114.00 Peg 0.69 1.48
BRCD28 K12044 114.00 115.00 Peg 1.02 2.20
BRCD28 K12045 115.00 116.00 Peg 0.64 1.38
BRCD28 K12046 116.00 117.00 Sch 0.11 0.23
BRCD28 K12047 117.00 118.00 Sch 0.08 0.17

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BRCD28 K12048 126.00 127.00 Sch 0.09 0.20
BRCD28 K12049 127.00 128.00 Sch 0.13 0.28
BRCD28 K12050 128.00 129.26 Sch 0.26 0.56
BRCD28 K12051 129.26 130.00 Peg 0.02 0.05
BRCD28 K12052 130.00 131.00 Peg 0.67 1.45 1.68 25.64
BRCD28 K12053 131.00 132.00 Peg 0.97 2.09
BRCD28 K12054 132.00 133.00 Peg 0.73 1.57
BRCD28 K12055 133.00 134.00 Peg 0.63 1.36
BRCD28 K12056 134.00 135.00 Peg 0.71 1.53
BRCD28 K12057 135.00 136.00 Peg 0.64 1.38
BRCD28 K12058 136.00 137.00 Peg 0.64 1.37
BRCD28 K12061 137.00 138.00 Peg 0.47 1.02
BRCD28 K12062 138.00 139.00 Peg 1.03 2.21
BRCD28 K12063 139.00 140.00 Peg 0.76 1.64
BRCD28 K12064 140.00 141.00 Peg 0.82 1.76
BRCD28 K12065 141.00 142.00 Peg 0.66 1.42
BRCD28 K12066 142.00 143.00 Peg 0.79 1.71
BRCD28 K12067 143.00 144.00 Peg 0.88 1.89
BRCD28 K12068 144.00 145.00 Peg 0.78 1.68
BRCD28 K12069 145.00 146.00 Peg 0.50 1.08
BRCD28 K12071 146.00 147.00 Peg 1.09 2.35
BRCD28 K12072 147.00 148.00 Peg 1.04 2.24
BRCD28 K12073 148.00 149.00 Peg 0.99 2.14
BRCD28 K12074 149.00 150.00 Peg 0.73 1.56
BRCD28 K12075 150.00 151.00 Peg 0.85 1.83
BRCD28 K12076 151.00 152.00 Peg 0.94 2.03
BRCD28 K12077 152.00 153.00 Peg 0.68 1.47
BRCD28 K12078 153.00 154.00 Peg 0.68 1.47
BRCD28 K12081 154.00 155.00 Peg 0.77 1.65
BRCD28 K12082 155.00 155.64 Peg 0.82 1.77
BRCD28 K12083 155.64 156.40 Peg 0.16 0.35
BRCD28 K12084 156.40 157.00 Sch 0.13 0.28
BRCD28 K12085 157.00 158.00 Sch 0.13 0.28
BRCD28 K12086 158.00 159.00 Sch 0.11 0.23
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD30 K12087 75.00 76.00 Peg 0.24 0.53
BRCD30 K12088 76.00 77.00 Peg 0.78 1.68 1.51 3.00
BRCD30 K12089 77.00 78.00 Peg 0.81 1.74
BRCD30 K12090 78.00 79.00 Peg 0.51 1.10
BRCD30 K12091 79.00 80.00 Peg 0.09 0.20
BRCD30 K12092 80.00 81.00 Peg 0.10 0.21
BRCD30 K12093 81.00 82.00 Peg 0.54 1.17 1.17 1.00
BRCD30 K12094 82.00 83.00 Peg 0.06 0.13

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BRCD30 K12095 83.00 84.00 Peg 0.13 0.28
BRCD30 K12096 84.00 85.00 Peg 0.05 0.11
BRCD30 K12097 85.00 86.00 Peg 0.27 0.57
BRCD30 K12098 86.00 87.00 Peg 0.22 0.47
BRCD30 K12101 87.00 88.00 Peg 0.32 0.69
BRCD30 K12102 88.00 89.00 Peg 0.09 0.20
BRCD30 K12103 89.00 90.00 Peg 0.14 0.29
BRCD30 K12104 90.00 91.00 Peg 0.07 0.15
BRCD30 K12105 91.00 92.00 Peg 0.10 0.22
BRCD30 K12106 92.00 93.00 Peg 0.09 0.20
BRCD30 K12107 93.00 94.00 Peg 0.14 0.30
BRCD30 K12108 94.00 95.00 Peg 0.38 0.82
BRCD30 K12109 95.00 96.00 Peg 0.62 1.34 1.40 2.00
BRCD30 K12110 96.00 97.00 Peg 0.68 1.47
BRCD30 K12111 97.00 98.13 Peg 0.16 0.34
BRCD30 K12112 98.13 99.00 Sch 0.12 0.25
BRCD30 K12113 99.00 100.00 Sch 0.11 0.24
BRCD30 NS 100.00 181.62
BRCD30 K12114 181.62 182.62 Sch 0.12 0.26
BRCD30 K12115 182.62 183.05 Peg 0.32 0.69
BRCD30 K12116 183.05 184.05 Peg 0.55 1.19 1.19 1.00
BRCD30 K12117 184.05 185.05 Peg 0.22 0.47
BRCD30 K12118 185.05 186.05 Peg 0.13 0.29
BRCD30 NS 186.05 199.50
BRCD30 K12121 199.50 200.50 Sch 0.11 0.25
BRCD30 K12122 200.50 201.21 Peg 0.03 0.06
BRCD30 K12123 201.21 202.21 Sch 0.12 0.27
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD32 K12124 69.00 70.00 Peg 0.68 1.46 1.72 7.00
BRCD32 K12125 70.00 71.00 Peg 0.74 1.59
BRCD32 K12126 71.00 72.00 Peg 0.91 1.96
BRCD32 K12127 72.00 73.00 Peg 0.99 2.14
BRCD32 K12128 73.00 74.00 Peg 0.74 1.59
BRCD32 K12129 74.00 75.00 Peg 0.69 1.48
BRCD32 K12131 75.00 76.00 Peg 0.83 1.79
BRCD32 K12132 76.00 76.90 Peg 0.20 0.43
BRCD32 K12133 76.90 77.26 Peg 0.03 0.05
BRCD32 K12134 77.26 78.26 Sch 0.17 0.36
BRCD32 NS 78.26 110.00
BRCD32 K12135 110.00 111.00 Sch 0.32 0.69
BRCD32 K12136 111.00 111.73 Sch+Peg 0.08 0.17
BRCD32 K12137 111.73 112.20 Peg 0.01 0.03
BRCD32 K12138 112.20 113.00 Peg 0.02 0.05

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BRCD32 K12141 113.00 114.00 Peg 0.02 0.03
BRCD32 K12142 114.00 115.00 Peg 0.04 0.10
BRCD32 K12143 115.00 116.00 Peg 0.03 0.06
BRCD32 K12144 116.00 117.00 Peg 0.08 0.17
BRCD32 K12145 117.00 118.00 Peg 0.03 0.06
BRCD32 K12146 118.00 118.30 Peg 0.02 0.04
BRCD32 K12147 118.30 119.34 Qtz vein 0.02 0.05
BRCD32 K12148 119.34 119.64 Peg 0.69 1.49 1.49 0.30
BRCD32 K12149 119.64 120.30 Qtz vein 0.01 0.02
BRCD32 K12150 120.30 121.14 Peg 0.04 0.09
BRCD32 K12151 121.14 121.62 Qtz vein 0.01 0.03
BRCD32 K12152 121.62 122.62 Peg 0.02 0.04
BRCD32 K12153 122.62 123.00 Qtz vein +Peg 0.07 0.15
BRCD32 K12154 123.00 123.33 Peg 0.14 0.30
BRCD32 K12155 123.33 124.00 Sch+Peg 0.05 0.10
BRCD32 K12156 124.00 124.86 Sch 0.24 0.51
BRCD32 K12157 124.86 125.35 Peg 0.06 0.12
BRCD32 K12158 125.35 126.00 Peg 0.20 0.43
BRCD32 K12161 126.00 127.00 Peg 0.04 0.09
BRCD32 K12162 127.00 127.45 Peg 0.03 0.07
BRCD32 K12163 127.45 127.83 Sch+Qtz 0.06 0.13
BRCD32 K12164 127.83 128.75 Peg 0.04 0.09
BRCD32 K12165 128.75 130.00 Sch 0.13 0.29
BRCD32 K12166 130.00 131.00 Sch 0.12 0.27
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD34 K12167 152.41 153.41 Sch 0.14 0.31
BRCD34 K12168 153.41 154.00 Peg 0.05 0.10
BRCD34 K12169 154.00 155.00 Peg 0.03 0.07
BRCD34 K12171 155.00 156.00 Peg 0.06 0.13
BRCD34 K12172 156.00 157.00 Peg 0.06 0.13
BRCD34 K12173 157.00 158.00 Peg 0.10 0.21
BRCD34 K12174 158.00 159.00 Peg 0.26 0.56
BRCD34 K12175 159.00 160.00 Peg 0.07 0.15
BRCD34 K12176 160.00 161.00 Peg 0.09 0.20
BRCD34 K12177 161.00 162.00 Peg 0.36 0.77
BRCD34 K12178 162.00 163.00 Peg 1.13 2.43 1.67 6.00
BRCD34 K12181 163.00 163.42 Peg 1.60 3.44
BRCD34 K12182 163.42 164.26 Sch 0.32 0.69
BRCD34 K12183 164.26 165.00 Peg 0.39 0.83
BRCD34 K12184 165.00 166.00 Peg 0.73 1.56
BRCD34 K12185 166.00 167.00 Peg 0.87 1.87
BRCD34 K12186 167.00 168.00 Peg 0.71 1.53
BRCD34 K12187 168.00 168.30 Peg 0.06 0.13

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BRCD34 K12188 168.30 169.00 Sch 0.12 0.26
BRCD34 K12189 169.00 170.00 Sch 0.09 0.20
BHID SAMP ID FROM (m) TO (m) LITH Li % Li2O% Weighted
Li2O%
Interval (m)
BRCD36 K12190 96.00 97.00 Peg 0.68 1.46 1.23 15.00
BRCD36 K12191 97.00 98.00 Peg 0.50 1.08
BRCD36 K12192 98.00 99.00 Peg 0.54 1.15
BRCD36 K12193 99.00 100.00 Peg 0.35 0.74
BRCD36 K12194 100.00 101.00 Peg 0.51 1.10
BRCD36 K12195 101.00 102.00 Peg 0.20 0.42
BRCD36 K12196 102.00 103.00 Peg 0.66 1.41
BRCD36 K12197 103.00 104.00 Peg 0.28 0.60
BRCD36 K12198 104.00 105.00 Peg 0.10 0.21
BRCD36 K12201 105.00 106.00 Peg 0.62 1.34
BRCD36 K12202 106.00 107.00 Peg 0.63 1.35
BRCD36 K12203 107.00 108.00 Peg 0.87 1.87
BRCD36 K12204 108.00 109.00 Peg 1.06 2.29
BRCD36 K12205 109.00 110.00 Peg 0.99 2.13
BRCD36 K12206 110.00 111.00 Peg 0.75 1.61
BRCD36 K12207 111.00 111.90 Peg 0.09 0.19
BRCD36 K12208 111.90 113.00 Sch 0.16 0.33
BRCD36 K12209 113.00 114.00 Sch 0.11 0.23
BRCD36 NS 114.00 239.76
BRCD36 K12210 239.76 240.76 Sch 0.14 0.31
BRCD36 K12211 240.76 241.14 Peg 0.03 0.05
BRCD36 K12212 241.14 242.06 Peg 0.04 0.09
BRCD36 K12213 242.06 243.00 Sch 0.28 0.60
BRCD36 NS 243.00 270.31
BRCD36 K12214 270.31 271.31 Sch 0.14 0.31
BRCD36 K12215 271.31 272.00 Peg 0.28 0.61
BRCD36 K12216 272.00 273.00 Peg 0.24 0.51
BRCD36 K12217 273.00 274.00 Peg 0.38 0.83 1.24 3.00
BRCD36 K12218 274.00 275.00 Peg 0.53 1.14
BRCD36 K12221 275.00 276.00 Peg 0.81 1.75
BRCD36 K12222 276.00 276.85 Peg 0.30 0.65
BRCD36 K12223 276.85 278.00 Peg 0.20 0.42
BRCD36 K12224 278.00 279.00 Sch 0.15 0.33
  • Li% to Li₂O% conversion of 2.153 used

** Missing holes were not sampled

*** NS no sample taken in unmineralized material

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ASX ANNOUNCEMENT
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Figure 2: Section showing the previously reported results (black on white) for First Series BDFS25 on the Eastern Pegmatite; and Second Series BRCD18 intersecting the Eastern Pegmatite at depth, with the new results (red on yellow) from the diamond drilling portion of BRCD18.

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ASX ANNOUNCEMENT
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Figure 3: Section showing the previously reported results (black on white) for First Series BDFS38 on the southern extension of the Main Pegmatite; and Second Series BRCD25 intersecting the Main Pegmatite at depth, with the new results (red on yellow) from the diamond drilling portion of BRCD25.

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ASX ANNOUNCEMENT
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Figure 4: Section showing the previously reported results (black on white) for First Series BDFS17 on the Western Pegmatite; and Second Series BRCD28 intersecting the Western Pegmatite at depth, with the new results (red on yellow) from the diamond drilling portion of BRCD28.

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ASX ANNOUNCEMENT
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ABOUT FIRST LITHIUM

First Lithium (ASX code: FL1) is at the forefront of lithium exploration and sustainable development, focusing on pioneering projects like Blakala and Faraba in Mali. Our management team has significant in-country experience and specialist advisors with extensive lithium exploration and government relations expertise.

Our commitment goes beyond the pursuit of lithium riches; it’s about powering tomorrow responsibly. We recognise the global demand for lithium and are dedicated to positively impacting local communities while ensuring environmentally sensitive practices.

Ends-

The Board of Directors of First Lithium Ltd authorised this announcement to be given to the ASX.

Further information contact:

Venkatesh Padala Managing Director

T: +61 8 9481 0389 E: [email protected]

Competent Persons Statement

Except where indicated, exploration results above have been reviewed and compiled by Mr Kobus Badenhorst, a Competent Person who is a Member of SACNASP and the South African Geological Society (GSSA), with over 26 years of experience in metallic and energy mineral exploration and development, and as such has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Badenhorst is the Managing Director of GeoActiv Dynamic Geological Services and consents to the inclusion of this technical information in the format and context in which it appears.

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ASX ANNOUNCEMENT
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Forward-Looking Statements

This announcement contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place.

Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and the Company’s management.

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur, and investors are cautioned not to place undue reliance on these forward-looking statements.

The Company has no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law.

These forward-looking statements are subject to various risk factors that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements.

FIRST LITHIUM LIMITED ACN 009 081 770

Level 8, London House CONTACT: 216 St. Georges Terrace Venkatesh Padala Perth Western Australia 6000 Managing Director Tel: +61 (08) 9481 0389 Tel: +61 8 9481 0389 Facsimile: +61 (08) 9463 6103 [email protected] http://firstlithium.com.au

DIRECTORS

Lee Christensen Venkatesh Padala Jason Ferris Andrew Law CODE: ASX: FL1

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Appendix 1

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (eg cut channels, random chips, or
specific specialised industry standard measurement tools appropriate
to the minerals under investigation, such as down hole gamma sondes,
or handheld XRF instruments, etc). These examples should not be
taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity
and the appropriate calibration of any measurement tools or systems
used.
Aspects of the determination of mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work has been done this would be
relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation may be required, such as
where there is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.










Diamond drilling at Blakala
Diamond drilling of HQ and NQ2 core size holes was used to obtain
core for sampling and analysis.
Previously reported 39 First Series diamond holes, now reporting the
last 7 holes, BDFS40 to BDFS46.
Previously reporting the first 15 of 42 diamond drill tails to the RC
precollars of the Second Series BRCD, now reporting from holes 16 to
28 drilled on mainly the Eastern Pegmatite body, 3 holes on the Main
Pegmatite body and 1 hole on the Western Pegmatite body to intersect
the pegmatite at approximately 50 to 100m under the surface.
All logging and sampling took place according to detailed diamond
Standard Procedure documents.
The core was first accurately fitted to the orientation line (bottom of
hole) of the orientated core accurately drawn with a permanent paint
marker; logging took place using the orientation line, and sampling was
then marked on the retention portion of the core.
Sampling done as ½ core sampling.
Diamond drilling for the current program is completed, with a total of
8368.10m of diamond drilling completed.
Reverse Circulation (RC) drilling at Blakala
RC precollars, with diamond drilling tails, drilled to intersect the
Western, Main and Eastern Pegmatite bodies at depth below the First
Series diamond holes.
RC sampling done at the drill rig of all intersected pegmatites.
All logging and sampling took place according to detailed RC Standard
Procedure documents.
RC precollar drilling for the current program is completed, with a total
of 3,838m of RC drilling completed.

1

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what method, etc).






Diamond drilling at Blakala
Diamond wireline drillholes of HQ and NQ2 core size completed of a
planned 6,000m drilling program at Blakala Prospect.
The drill core was downhole orientated using the electronic REFLEX
ACT III tool; a core orientation line was marked for all geological and
sampling depth information.
Diamond drilling is considered a standard industry drilling technique for
vein or pegmatite deposits.
The drilling rig used was a YS1500 with a Cummins QSB 6.7 engine.
Diamond drill rods used were 3m long.
The holes are inclined at -50°.
The drilling onsite is governed by a Daimond Drilling Guideline to
ensure consistency in application of the method between geologists
and drillers.
Reverse Circulation (RC) drilling at Blakala
RC drilling rig has the following specifications:
o
Hydco-3 RC truck mounted, 8 x 4;
o
Cummins 610hp hydraulic / compressor engine;
o
350psi / 900cfm compressor (rig mounted);
o
Top head drive, variable speed control, Low Gear –
8,600Nm/75rpm,HighGear, 300Nm/150rpm;

2

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
o
10.3m fully welded RHS lattice mast;
o
22mm nonrotating wire ropes with hydraulic tensioners;
o
Pull-out 23,000kg – Pulldown 15,000kg;
o
Drill hole diameter 121 mm.
Drill
sample
recovery
Method of recording and assessing core and chip sample recoveries
and results assessed.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain
of fine/coarse material.





Diamond drilling at Blakala
Diamond drill sample recovery is monitored by measuring and
recording the total core recovery on a drill run basis for the entire hole.
Core recovery data is entered into the project drillhole database.
RQD data is collected and core recoveries and associated RQD % for
runs studied, where 100% recovery not obtained.
Very good recovery and generally solid core was found in the drillholes.
Reverse Circulation (RC) drilling at Blakala
The pegmatite mineralisation is found in mostly dark coloured altered
sediment country rock (not granite) and therefore easily identifiable in
the RC for logging and sampling.
The recovery is determined by weighing the full weight of every meter
of sample drilled.
Logging
Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate Mineral
Resource estimation, mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
The total length and percentage of the relevant intersections logged.






Diamond drilling at Blakala
Core logging took place only after careful fitting of all core, followed by
the orientation of the core from the Reflex orientation data, followed by
core recovery and RQD data collection. This work took place at the
drill rig.
Initial geological logging took place at the drill rig, followed by detailed
and appropriate lithological, structural and weathering logging at the
core shed that took place on the full core using the orientation line for
interval measurements.
All logging data is entered into the project drillhole database.
All core was photographed before and after sampling.
Reverse Circulation (RC) drilling at Blakala
Logging took place at the drill rig.
Small heaps of samples from each 1m intersection are placed on the
ground to assist with logging of colour etc.
Detailed logging is done on washed chips, with the chips then placed
in reference chip boxes.
Sub-sampling
techniques
If core, whether cut or sawn and whether quarter, half or all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc and whether
sampled wet or dry.

Diamond drilling at Blakala
Sampling takes place according to a sampling protocol document.
HQ andNQ size corewas ½ core sampled by a core cutter.

3

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
and
sample
preparation
For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the material
being sampled.






All pegmatite intersections were sampled, as well as all thin schist
bands within the pegmatites.
Sampling is done lithologically, to a minimum sample length of 30cm
and an average size of 1.00m.
The sampling interval is seen as representative.
Bulk Density via wet-dry Archimedes technique has been completed
for all core.
Reverse Circulation (RC) drilling at Blakala
Sampling takes place according to a sampling protocol document.
Samples are collected at the cyclone at 1m intervals and sampling is
then done on all pegmatite intersections on 1m interval basis.
Hangingwall and footwall schist sampling also takes place.
Quality
of
assay
data
and
laboratory
tests
The nature, quality and appropriateness of the assaying and laboratory
procedures used and whether the technique is considered partial or
total.
For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.
Nature of quality control procedures adopted (eg standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels
of accuracy (ie lack of bias) and precision have been established.






Samples sent to the analytical laboratory (SGS in Johannesburg, South
Africa), with assay results for diamond drillholes BDFS40 to BDFS46
and diamond tails to the RC precollars BDRC16 to BDRC36 received,
all the precollar RC results already reported.
Analyses was via Na2O2 Fusion, HNO3, ICPAES. This is seen as an
appropriate analytical technique with the suite of 27 elements covered.
SGS is an accredited analytical laboratory.
31 AMIS reference standards (AMIS0603, AMIS0524 and AMIS0682
were used), 31 AMIS chip blanks and 11 pulp Duplicates were inserted
by FL1 and analysed as part of this batch of results.
SGS added internal standards (OREAS906 and AMIS0355), as well as
repeat analyses.
Good correlation was found from the QC samples in the results
reported here.
Inter-laboratory QC testing of c 5% of the total amount of samples was
performed by ALS Ireland. A very good correlation with QC samples
was found with the ALS results (internal ALS and blind introduced QC
samples) and a good correlation with the SGS results was found.
Verification of
sampling and
assaying
The verification of significant intersections by either independent or
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
Discuss any adjustment to assay data.


On site logging took place with experienced geologists, and a senior
company geologist checking all the logging being undertaken by
detailed logging.
The geological field data is manually transcribed into a master
Microsoft Excel spreadsheet which is appropriate for this stage in the
exploration program.
Theraw field datais checkedintheMicrosoftExcel formatfirst to

4

Criteria JORC Code explanation Commentary
identify any obvious errors or outlier data. The data is then imported
into a Microsoft Access database where it is subjected to various
validation queries.
Location of
•Accuracy and quality of surveys used to locate drill holes (collar and

•Drillhole locations were recorded using a hand-held GPS, collars were
data points down-hole surveys), trenches, mine workings and other locations used
then surveyed via DGPS.
in Mineral Resource estimation. •Down-hole verticality surveys are done on all holes by multishot survey.
•Specification of the grid system used. •A Digital Terrain Model (DTM) via a drone survey has been conducted
•Quality and adequacy of topographic control. on the project.
Data spacing
Data spacing for reporting of Exploration Results.
•Drilling took place in phases, with First Series diamond holes drilled
and close to the outcrop of the main Western, Main and Eastern Pegmatite
distribution •Whether the data spacing and distribution is sufficient to establish the
bodies to intersect the pegmatites at approximately between 30m and
degree of geological and grade continuity appropriate for the Mineral
70m below surface.
Resource and Ore Reserve estimation procedure(s) and classifications
•Second Series holes of RC precollars, with diamond drilling tails, drilled
applied.
•Whether sample compositing has been applied_._
to intersect the Western, Main and Eastern Pegmatite bodies at depth
below the First Series holes.
Orientation of
•Whether the orientation of sampling achieves unbiased sampling of

•Intersection
thicknesses
are
reported
incorporating
deeper
data in
possible structures and the extent to which this is known, considering
intersections of the pegmatites confirming dip and thickness.
relation to
the deposit type.
geological •If the relationship between the drilling orientation and the orientation of
structure key mineralised structures is considered to have introduced a sampling
bias, this should be assessed and reported if material.

5

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location and ownership including
•Permits for the Mali Lithium project are in their first renewal period
tenement and
agreements or material issues with third parties such as joint ventures,

granted by the original Mali decree “Order No. 2022-0276/MMEE-SG”
land tenure
partnerships, overriding royalties, native title interests, historical sites,

(Blakala Prospect permit) and “Order No. 2022-0275/MMEE-SG”
status wilderness or national park and environmental settings. (Gouna permit). Both permits are valid for the exploration of Group 3
The security of the tenure held at the time of reporting along with any
elements (Li, Co, Cr, Nb, Ni, PGE, REE, Sn, Ta, Ti, V, W and Zr) and
known impediments to obtaining a licence to operate in the area. are considered early stage Li exploration projects.
•On Mali's online repository, the Faraba permit is valid from March 16,
2021 to March 16, 2024, and the Gouna permit is valid from May 15,
2021 to May 15, 2024.
Exploration Acknowledgment and appraisal of exploration by other parties. •Historic exploration work was completed by Russian geologists during
done by other 1963-64. Geological prospecting was carried out in the central part of
parties the Bougouni pegmatite field.
•The Company has obtained the digital data in relation to this historic
information.
•The historic results have not been reported.
Geology Deposit type, geological setting and style of mineralisation.
•Blakala prospect in the Gouna licence is Palaeo-Proterozoic in age.
The regional lithological assemblages comprise of felsic intrusives
such as granite, granodiorites, and schists of variable composition and
laterite. The schists have a metasedimentary origin with coarse grains
of quartz and mica, which have been subjected to multiple
deformations to form schists.
•The pegmatites are a pale greyish-white colour, fresh hand specimen
shows a whitish-earthy matrix of feldspar with phenocrysts of
spodumene, quartz and muscovite. The pegmatites have a varied
width from a few centimeters to up to 45 meters where the two separate
pegmatite bands merge together.
Drill hole
A summary of all information material to the understanding of the

•Summary drill hole information has previously been reported.
Information exploration results including a tabulation of the following information for
all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in
metres) of the drill hole collar

6

Criteria JORC Code explanation Commentary
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly
_explain why this is the case. _
Data In reporting Exploration Results, weighting averaging techniques,

No upper or lower grade cut-offs have been used.
aggregation
methods
maximum and/or minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high grade
results and longer lengths of low grade results, the procedure used for
such aggregation should be stated and some typical examples of such
aggregations should be shown in detail.





The pegmatites in the drillhole intersections are mineralised
throughout in the results received, no low grade or very low grade
areas were aggregated in the intercepts.

Intercepts are weighted and shown in Table 1 of the main body,
all outcrop sampling results are shown in the table.
The assumptions used for any reporting of metal equivalent values

The Li to Li₂O conversion of 2.153 has been used.
should be clearly stated.
Relationship These relationships are particularly important in the reporting of
•The pegmatites generally dip at -80° to the west at Blakala. The
between Exploration Results. diamond holes are drilled perpendicular to the general strike of the
mineralisation
If the geometry of the mineralisation with respect to the drill hole angle

pegmatite bodies, at a dip of -50°.
widths and
is known, its nature should be reported.
•The pegmatites generally dip at -70° to the south-west. The diamond
intercept
lengths
If it is not known and only the down hole lengths are reported, there
should be a clear statement to this effect (eg ‘down hole length, true


holes are drilled perpendicular to the general strike of the pegmatite
bodies, at a dip of -50°.
width not known’). •Downhole widths are reported.
Diagrams Appropriate maps and sections (with scales) and tabulations of
•Figures are displayed in the main text.
intercepts should be included for any significant discovery being
reported These should include, but not be limited to a plan view of drill
_hole collar locations and appropriate sectional views. _
Balanced Where comprehensive reporting of all Exploration Results is not
•All results are reported, with all Li results shown in the body of the
reporting practicable, representative reporting of both low and high grades
Announcement in Table 1.
and/or widths should be practiced to avoid misleading reporting of
•Full analytical results shown in Appendix 1.
Exploration Results.

7

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Other
substantive
exploration
data
Other exploration data, if meaningful and material, should be reported
including (but not limited to): geological observations; geophysical
survey results; geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk density,
groundwater,
geotechnical
and
rock
characteristics;
potential
deleterious or contaminating substances.
No other material exploration information has been gathered by the
Company.
Further work
The nature and scale of planned further work (eg tests for lateral
extensions or depth extensions or large-scale step-out drilling).
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.



Blakala Prospect
All planned First and Second Series holes have been completed on the
Western, Eastern and Main Pegmatite Bodies.
Now waiting for receipt of all analytical results.
Metallurgical testwork currently taking place.
3D modelling, JORC compliant mineral resource modelling estimate
and reporting in progress.

8