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LIVIUM LTD Capital/Financing Update 2017

Aug 31, 2017

65239_rns_2017-08-31_3656c51b-c39f-47c2-af92-7191997bdb71.pdf

Capital/Financing Update

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1 September 2017

ASX ANNOUNCEMENT

Lithium Australia (ASX: LIT) outlines exploration update

HIGHLIGHTS

  • Discovery of new mineralisation zone at the Electra Project, at Agua Fria in Mexico

  • New zone exposed at surface - potential for very low stripping ratios and low mining costs

  • Confirmation of low cost leaching characteristics of Agua Fria mineralisation

  • Sadisdorf team progressing towards lithium mineral resource estimate

SUMMARY

Lithium Australia NL (ASX:LIT) developer of lithium processing technology, outlines recent progress on its global assessment program that forms part of LIT’s strategy to underpin lithium chemical production from unconventional sources.

LIT has developed the SiLeach® process to capitalise on lithium sources not previously exploited for the production of lithium chemicals. The principal focus for future potential lithium chemical production is lithium minerals rejected by industrial processes, including off-specification materials rejected by lithium mineral producers. LIT’s exploration program is designed to develop long term supply assurance regardless of the variability of future third party supply.

Recent exploration project locations include:

  • Agua Fria, Mexico (a JV with Alix Resources Corp)

  • Sadisdorf , Germany (a JV with Tin International AG, a subsidiary of Deutsche Rohstoff AG)

  • Pilgangoora, Western Australia (a strategic alliance with Venus Metals Corp)

  • Ravensthorpe, Western Australia (100% LIT)

  • Gascoyne, Western Australia (100% LIT)

AGUA FRIA, MEXICO (a joint venture with Alix Resources Corp, AIX-TSX:V)

LIT and AIX completed a drilling program on its Agua Fria property, Electra Project located in Sonora, Mexico. Drilling has concentrated along a 6 km length of various stacked beds of lithium prospective sediments that comprise the Agua Fria property. The highlight of the exploration program was the discovery of the “West Flank” lithium zone, which partially outcrops and trends NNW-SSE for over 2,500 metres, on the western portion of the Agua Fria concession (refer Figure 1). In total 16 reverse circulation drill (RC) holes were completed totalling 1,762 metres across multiple target areas.

The “West Flank” lithium target is the most significant commercial target as it outcrops and has

the potential to deliver a mineral resource with very low stripping ratios. The West Flank is defined by:

  • Surface grid sampling completed in May (rock chip sampling) with 31 samples returning +/= 1,000 ppm (148 samples in total).

  • Three trenches with systematic and continuous sampling returning 949 ppm Li over 31 metres, 954 ppm Li over 25 metres and 928 ppm lithium over 43 metres.

  • RC drill holes on the West Flank Target including: AF-17-01, 1,058 ppm Li over 33 metres from 3 metres, AF-17-02 1,031 ppm Li over 48 metres from 63 metres, AF-17-03, 917 ppm Li over 30 metres from 27 metres; and AF-17-14, 1,050 ppm Li over 24 metres from the collar (full results are tabulated in Appendix 1 which shows:

  • trench samples (lab assay),

  • channel samples (lab assay),

  • rock chip samples (z-300 LIBS assay) and

  • drill results (lab assay)).

  • RC drill holes on the edge (east side) of the West Flank target include AF-17-11, 791 ppm Li over 24 metres from the collar, and AF-17-12, 816 ppm Li over 45 metres from the collar.

The West Flank lithium zone is 25 to 50 metres in thickness and is dipping shallowly to the east, providing potential to realise a mineral resource of significant tonnage.

Future efforts on the West Flank target will focus on identifying the stratigraphy and controls of higher grade lithium values close to surface, with zero to minimal strip ratio by open pit mining.

Metallurgical testing continues, and having established that:

  • acid leaching at 50°C achieves 99% extraction of Li in only four hours,

  • no roasting is required and

  • no expensive reagents are required.

A large sample is currently being collected for further metallurgical studies.

In addition to significant Li values, the clay horizons at Agua Fria are anomalous in potassium which may be recoverable as potassium sulphate, a major component of “NPK” fertilizers. This potentially adds a valuable by-product credit to the projects economics.

==> picture [452 x 639] intentionally omitted <==

Figure 1: Electra Project – West Flank – drilling and surface sampling location map

SADISDORF, GERMANY (a farmin/joint venture with Tin International AG)

Sadisdorf is a historic tin mine located in Saxony, Germany, close to the border with the Czech Republic. The style of mineralisation is a greisen (an altered granite). Tin mineralisation is enveloped by pervasive lithium-mica alteration.

The orebody was drilled by the Soviets, during the occupation of East Germany. An Inferred Mineral Resource for tin of 3,360,000 tonnes at 0.44% Sn was established by Tin International AG, a subsidiary of Deutsche Rohstoff AG. A substantial amount of lithium data generated in the Soviet era has been compiled and LIT has contracted an international mining consultant, CSA Global, to audit the database for the purpose of mineral resource evaluation. A drilling program is currently being planned for implementation later this year.

Sampling of historic drill core (shown in Figure 2) has commenced and planning for systematic channel sampling of underground workings is in progress. This work will reinforce the quality control required for future mineral resource estimation and provide a valuable library of mineralogical data. Mineralogical studies will be conducted in Perth, Western Australia and will augment the metallurgical assessment required for feasibility evaluation studies. Sadisdorf mineralisation has been previously treated with LIT’s SiLeach® process generating outstanding results.

==> picture [405 x 258] intentionally omitted <==

Figure 2: Historic Sadisdorf drill core and sample pulps

PILGANGOORA, WESTERN AUSTRALIA (strategic alliance with Venus Metals Corporation)

A field crew has been despatched to undertake ground reconnaissance, mapping and sampling on tenure held by Venus Metals Corporation (ASX: VMC) in the Pilbara region of Western Australia at VMC’s Pilgangoora project.

RAVENSTHORPE, WESTERN AUSTRALIA (Lithium Australia 100%)

Recent drilling of the Horseshoe Pegmatite, located within LIT’s Ravensthorpe project, 420 km east of Perth (refer Figure 3) failed to define any economic lithium mineralisation. The costeaning completed on the Horseshoe Pegmatite (LIT ASX release 26 May 2017) showed that the lepidolite and spodumene mineralisation was irregular, forming discrete veins and pods. Further costeans are planned prior to any further drilling at Horseshoe to better quantify the nature of the mineralisation.

==> picture [417 x 408] intentionally omitted <==

Figure 3: Ravensthorpe Lithium Project location map

Wet weather adversely affected drill rig access and prematurely terminated the drilling campaign, which will be resumed when ground conditions improve later in the year. The initial focus of further drilling will be on other pegmatites in the suite, commencing with Deep Purple, a lepidolite pegmatite located east of the Horseshoe Pegmatite.

GASCOYNE, WESTERN AUSTRALIA (Lithium Australia 100%)

Geological reconnaissance and sampling has begun in the Gascoyne Project (refer Figure 6). The Gascoyne Project is situated 800 km north-northeast from Perth and lies along strike and adjacent to the Nardoo Pegmatite District and is spatially associated with peraluminous S-type granites of the Thirty Three and Durlacher Supersuites. These granites are interpreted to be the source of the pegmatites and known lithium, rubidium, niobium, tantalum, tungsten and tin occurrences of the region.

==> picture [452 x 331] intentionally omitted <==

Figure 4: Gascoyne Lithium Project location map

Lithium Australia Managing Director, Mr Adrian Griffin said :

“We are advancing our exploration programme on a number of fronts both here in Australia and internationally. The new discovery in Mexico is very encouraging as it strengthens Electra’s potential to become a large and low cost supply of lithium, on the door step of the nascent North American lithium-ion battery manufacturing sector. Likewise we are pleased with the progress at Sadisdorf, a project a virtual stone’s throw away from German automotove industy which is busy gearing up for large scale production of electric vehicles.”

Adrian Griffin Managing Director Mobile +61 (0) 418 927 658 [email protected]

About Lithium Australia NL:

LIT is a dedicated developer of disruptive lithium extraction technologies. LIT has strategic alliances with and investments in a number of companies, potentially providing access to a diversified lithium mineral inventory. LIT aspires to create the union between resources and the best available technology and to establish a global lithium processing business.

MEDIA CONTACT:

Adrian Griffin Lithium Australia NL 08 6145 0288 | 0418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631

Competent Persons Statement:

The information contained in the report that relates to Exploration Results together with any related assessments and interpretations is based on information compiled or reviewed by Mr. Adrian Griffin, who is an employee of the Company and is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify 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. Griffin has given consent to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Appendix 1

Surface sampling and drill hole assay results Electra Project – West Flank

Surface
Sample ID
Easting
(m)
Northing
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
922730 681916 3235815 229 WGS84 12N TRENCH Lab Assay
922731 681918 3235816 800 WGS84 12N TRENCH Lab Assay
922732 681921 3235818 770 WGS84 12N TRENCH Lab Assay
922733 681922 3235821 630 WGS84 12N TRENCH Lab Assay
922734 681925 3235824 630 WGS84 12N TRENCH Lab Assay
922735 681926 3235825 800 WGS84 12N TRENCH Lab Assay
922736 681928 3235827 530 WGS84 12N TRENCH Lab Assay
922737 681929 3235829 386 WGS84 12N TRENCH Lab Assay
922738 681931 3235829 490 WGS84 12N TRENCH Lab Assay
922739 681930 3235834 450 WGS84 12N TRENCH Lab Assay
922740 681931 3235837 660 WGS84 12N TRENCH Lab Assay
922741 681933 3235840 391 WGS84 12N TRENCH Lab Assay
922742 681936 3235843 480 WGS84 12N TRENCH Lab Assay
922743 681936 3235845 700 WGS84 12N TRENCH Lab Assay
922744 681938 3235848 349 WGS84 12N TRENCH Lab Assay
922745 681939 3235849 204 WGS84 12N TRENCH Lab Assay
922746 681941 3235853 192 WGS84 12N TRENCH Lab Assay
922747 681941 3235855 222 WGS84 12N TRENCH Lab Assay
922748 681940 3235856 309 WGS84 12N TRENCH Lab Assay
922749 681943 3235859 610 WGS84 12N TRENCH Lab Assay
922750 681945 3235863 750 WGS84 12N TRENCH Lab Assay
922751 681945 3235863 1040 WGS84 12N TRENCH Lab Assay
922752 681948 3235867 1190 WGS84 12N TRENCH Lab Assay
922753 681951 3235871 830 WGS84 12N TRENCH Lab Assay
922754 681951 3235873 840 WGS84 12N TRENCH Lab Assay
922755 681952 3235876 1370 WGS84 12N TRENCH Lab Assay
922756 681952 3235879 1150 WGS84 12N TRENCH Lab Assay
922757 681954 3235882 900 WGS84 12N TRENCH Lab Assay
922758 681955 3235884 890 WGS84 12N TRENCH Lab Assay
922759 681956 3235887 710 WGS84 12N TRENCH Lab Assay
922760 681958 3235890 460 WGS84 12N TRENCH Lab Assay
922761 681957 3235891 740 WGS84 12N TRENCH Lab Assay
922762 681959 3235894 1010 WGS84 12N TRENCH Lab Assay
922763 681962 3235896 1120 WGS84 12N TRENCH Lab Assay
922764 681963 3235899 640 WGS84 12N TRENCH Lab Assay
922765 681965 3235901 377 WGS84 12N TRENCH Lab Assay
922766 681967 3235903 950 WGS84 12N TRENCH Lab Assay
922767 681969 3235906 790 WGS84 12N TRENCH Lab Assay
922768 681972 3235909 700 WGS84 12N TRENCH Lab Assay
922769 681975 3235914 600 WGS84 12N TRENCH Lab Assay
922770 681974 3235917 780 WGS84 12N TRENCH Lab Assay
922771 681976 3235919 690 WGS84 12N TRENCH Lab Assay
922772 681977 3235920 680 WGS84 12N TRENCH Lab Assay
922773 681978 3235923 940 WGS84 12N TRENCH Lab Assay
Surface
Sample ID
Easting
(m)
Northing
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
922774 681980 3235926 910 WGS84 12N TRENCH Lab Assay
922775 681981 3235929 1010 WGS84 12N TRENCH Lab Assay
922776 681981 3235930 560 WGS84 12N TRENCH Lab Assay
922777 681984 3235930 1250 WGS84 12N TRENCH Lab Assay
922778 682037 3235904 570 WGS84 12N TRENCH Lab Assay
922779 682034 3235907 990 WGS84 12N TRENCH Lab Assay
922780 682031 3235903 870 WGS84 12N TRENCH Lab Assay
922781 682027 3235901 460 WGS84 12N TRENCH Lab Assay
922782 682022 3235897 1220 WGS84 12N TRENCH Lab Assay
922783 682020 3235896 1230 WGS84 12N TRENCH Lab Assay
922784 681860 3236289 206 WGS84 12N TRENCH Lab Assay
922785 681856 3236285 198 WGS84 12N TRENCH Lab Assay
922786 681850 3236282 720 WGS84 12N TRENCH Lab Assay
922787 681848 3236279 570 WGS84 12N TRENCH Lab Assay
922788 681843 3236276 710 WGS84 12N TRENCH Lab Assay
922789 681839 3236273 920 WGS84 12N TRENCH Lab Assay
922790 681835 3236269 317 WGS84 12N TRENCH Lab Assay
922791 681831 3236265 1010 WGS84 12N TRENCH Lab Assay
922792 681827 3236262 870 WGS84 12N TRENCH Lab Assay
922793 681824 3236260 1120 WGS84 12N TRENCH Lab Assay
922794 681819 3236257 470 WGS84 12N TRENCH Lab Assay
922795 681816 3236254 1250 WGS84 12N TRENCH Lab Assay
922796 681814 3236253 940 WGS84 12N TRENCH Lab Assay
922797 681810 3236250 322 WGS84 12N TRENCH Lab Assay
922798 681802 3236244 870 WGS84 12N TRENCH Lab Assay
922799 681799 3236242 385 WGS84 12N TRENCH Lab Assay
922800 681794 3236239 940 WGS84 12N TRENCH Lab Assay
922801 681791 3236237 710 WGS84 12N TRENCH Lab Assay
922802 681789 3236234 1130 WGS84 12N TRENCH Lab Assay
922803 681786 3236232 1250 WGS84 12N TRENCH Lab Assay
922804 681783 3236229 397 WGS84 12N TRENCH Lab Assay
922805 681748 3236218 80.3 WGS84 12N TRENCH Lab Assay
922806 681817 3236143 580 WGS84 12N TRENCH Lab Assay
922807 681823 3236142 450 WGS84 12N TRENCH Lab Assay
922808 681824 3236144 490 WGS84 12N TRENCH Lab Assay
922809 681830 3236143 490 WGS84 12N TRENCH Lab Assay
922810 681835 3236142 1060 WGS84 12N TRENCH Lab Assay
922811 681839 3236143 760 WGS84 12N TRENCH Lab Assay
922812 681843 3236143 730 WGS84 12N TRENCH Lab Assay
922813 681846 3236143 550 WGS84 12N TRENCH Lab Assay
922814 681863 3236135 800 WGS84 12N CHANNEL Lab Assay
922815 681887 3236118 1130 WGS84 12N CHANNEL Lab Assay
922680 681486 3236667 910 WGS84 12N CHANNEL Lab Assay
922681 681467 3236705 840 WGS84 12N CHANNEL Lab Assay
Surface
Sample ID
Easting
(m)
Northing
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
922682 681775 3236227 414 WGS84 12N CHANNEL Lab Assay
922683 681776 3236227 530 WGS84 12N CHANNEL Lab Assay
922686 682430 3234992 411 WGS84 12N CHANNEL Lab Assay
922687 682485 3234974 660 WGS84 12N CHANNEL Lab Assay
922688 682458 3235023 730 WGS84 12N CHANNEL Lab Assay
922689 682278 3235261 530 WGS84 12N CHANNEL Lab Assay
922690 682248 3235307 690 WGS84 12N CHANNEL Lab Assay
922691 682189 3235501 1090 WGS84 12N CHANNEL Lab Assay
922692 682268 3235341 1090 WGS84 12N CHANNEL Lab Assay
922693 682376 3235251 470 WGS84 12N CHANNEL Lab Assay
922694 682363 3235233 1170 WGS84 12N CHANNEL Lab Assay
922695 681584 3236549 1020 WGS84 12N CHANNEL Lab Assay
922696 681911 3235832 940 WGS84 12N CHANNEL Lab Assay
922703 681839 3236198 1060 WGS84 12N CHANNEL Lab Assay
922704 682191 3235501 590 WGS84 12N CHANNEL Lab Assay
922705 682194 3235501 880 WGS84 12N CHANNEL Lab Assay
922706 682197 3235501 1150 WGS84 12N CHANNEL Lab Assay
922707 682180 3235330 1280 WGS84 12N CHANNEL Lab Assay
3546 682320 3235135 630 WGS84 12N CHANNEL Lab Assay
3547 681955 3235870 1200 WGS84 12N CHANNEL Lab Assay
3548 681981 3235870 1260 WGS84 12N CHANNEL Lab Assay
3549 681859 3236113 690 WGS84 12N CHANNEL Lab Assay
3550 681808 3236079 440 WGS84 12N CHANNEL Lab Assay
3551 681834 3236154 820 WGS84 12N CHANNEL Lab Assay
3552 681872 3236191 1140 WGS84 12N CHANNEL Lab Assay
3553 681842 3236321 680 WGS84 12N CHANNEL Lab Assay
QS1 681558 3236522 732 WGS84 12N ROCK-CHIP Z-300
QS2 681562 3236528 561 WGS84 12N ROCK-CHIP Z-300
QS3 681566 3236530 545 WGS84 12N ROCK-CHIP Z-300
QS4 681569 3236533 621 WGS84 12N ROCK-CHIP Z-300
QS5 681571 3236538 822 WGS84 12N ROCK-CHIP Z-300
QS6 681576 3236541 1328 WGS84 12N ROCK-CHIP Z-300
QS7 681580 3236546 814 WGS84 12N ROCK-CHIP Z-300
QS8 681584 3236553 699 WGS84 12N ROCK-CHIP Z-300
QS13 681574 3236549 1010 WGS84 12N ROCK-CHIP Z-300
QS14 681568 3236550 403 WGS84 12N ROCK-CHIP Z-300
QS15 681557 3236551 947 WGS84 12N ROCK-CHIP Z-300
QS16 681548 3236550 851 WGS84 12N ROCK-CHIP Z-300
QS17 681539 3236549 671 WGS84 12N ROCK-CHIP Z-300
QS18 681530 3236549 774 WGS84 12N ROCK-CHIP Z-300
QS19 681522 3236550 456 WGS84 12N ROCK-CHIP Z-300
QS20 681531 3236599 1165 WGS84 12N ROCK-CHIP Z-300
QS21 681541 3236599 688 WGS84 12N ROCK-CHIP Z-300
QS22 681548 3236601 270 WGS84 12N ROCK-CHIP Z-300
Surface
Sample ID
Easting
(m)
Northing
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
QS23 681559 3236600 280 WGS84 12N ROCK-CHIP Z-300
QS24 681538 3236652 775 WGS84 12N ROCK-CHIP Z-300
QS25 681530 3236651 789 WGS84 12N ROCK-CHIP Z-300
QS26 681520 3236650 653 WGS84 12N ROCK-CHIP Z-300
QS27 681509 3236650 704 WGS84 12N ROCK-CHIP Z-300
QS28 681501 3236650 750 WGS84 12N ROCK-CHIP Z-300
QS29 681489 3236650 684 WGS84 12N ROCK-CHIP Z-300
QS30 681479 3236649 373 WGS84 12N ROCK-CHIP Z-300
QS31 681469 3236649 1310 WGS84 12N ROCK-CHIP Z-300
QS32 681459 3236650 595 WGS84 12N ROCK-CHIP Z-300
QS33 681449 3236650 634 WGS84 12N ROCK-CHIP Z-300
QS34 681439 3236649 529 WGS84 12N ROCK-CHIP Z-300
QS35 681433 3236651 1153 WGS84 12N ROCK-CHIP Z-300
QS36 681421 3236651 614 WGS84 12N ROCK-CHIP Z-300
QS37 681411 3236698 447 WGS84 12N ROCK-CHIP Z-300
QS38 681420 3236701 568 WGS84 12N ROCK-CHIP Z-300
QS39 681432 3236700 944 WGS84 12N ROCK-CHIP Z-300
QS40 681438 3236701 1704 WGS84 12N ROCK-CHIP Z-300
QS41 681452 3236701 1278 WGS84 12N ROCK-CHIP Z-300
QS42 681460 3236701 1060 WGS84 12N ROCK-CHIP Z-300
QS43 681470 3236698 1186 WGS84 12N ROCK-CHIP Z-300
QS44 681482 3236700 726 WGS84 12N ROCK-CHIP Z-300
QS45 681490 3236700 621 WGS84 12N ROCK-CHIP Z-300
QS46 681467 3236752 756 WGS84 12N ROCK-CHIP Z-300
QS47 681462 3236750 1014 WGS84 12N ROCK-CHIP Z-300
QS48 681452 3236749 722 WGS84 12N ROCK-CHIP Z-300
QS49 681442 3236748 2035 WGS84 12N ROCK-CHIP Z-300
QS50 681432 3236749 1434 WGS84 12N ROCK-CHIP Z-300
QS51 681417 3236749 1064 WGS84 12N ROCK-CHIP Z-300
QS52 681409 3236749 673 WGS84 12N ROCK-CHIP Z-300
QS53 681399 3236751 1017 WGS84 12N ROCK-CHIP Z-300
QS54 681389 3236751 1006 WGS84 12N ROCK-CHIP Z-300
QS55 681379 3236748 507 WGS84 12N ROCK-CHIP Z-300
QS56 681371 3236747 613 WGS84 12N ROCK-CHIP Z-300
QS57 681278 3236797 399 WGS84 12N ROCK-CHIP Z-300
QS58 681290 3236806 370 WGS84 12N ROCK-CHIP Z-300
QS59 681301 3236806 535 WGS84 12N ROCK-CHIP Z-300
QS60 681351 3236801 900 WGS84 12N ROCK-CHIP Z-300
QS61 681361 3236800 543 WGS84 12N ROCK-CHIP Z-300
QS62 681369 3236800 989 WGS84 12N ROCK-CHIP Z-300
QS63 681382 3236800 407 WGS84 12N ROCK-CHIP Z-300
QS64 681392 3236800 671 WGS84 12N ROCK-CHIP Z-300
QS65 681402 3236802 872 WGS84 12N ROCK-CHIP Z-300
QS66 681414 3236801 1164 WGS84 12N ROCK-CHIP Z-300
Surface
Sample ID
Easting
(m)
Northing
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
QS67 681420 3236805 437 WGS84 12N ROCK-CHIP Z-300
QS68 681431 3236801 780 WGS84 12N ROCK-CHIP Z-300
QS69 681440 3236804 677 WGS84 12N ROCK-CHIP Z-300
QS70 681310 3236852 609 WGS84 12N ROCK-CHIP Z-300
QS71 681321 3236848 428 WGS84 12N ROCK-CHIP Z-300
QS72 681331 3236850 495 WGS84 12N ROCK-CHIP Z-300
QS73 681340 3236851 493 WGS84 12N ROCK-CHIP Z-300
QS74 681348 3236848 536 WGS84 12N ROCK-CHIP Z-300
QS75 681360 3236850 936 WGS84 12N ROCK-CHIP Z-300
QS76 681371 3236850 913 WGS84 12N ROCK-CHIP Z-300
QS77 681381 3236850 1119 WGS84 12N ROCK-CHIP Z-300
QS78 681390 3236852 1018 WGS84 12N ROCK-CHIP Z-300
QS79 681399 3236851 846 WGS84 12N ROCK-CHIP Z-300
QS80 681410 3236850 700 WGS84 12N ROCK-CHIP Z-300
QS81 681420 3236852 576 WGS84 12N ROCK-CHIP Z-300
QS82 681371 3236901 449 WGS84 12N ROCK-CHIP Z-300
QS83 681359 3236900 697 WGS84 12N ROCK-CHIP Z-300
QS84 681349 3236899 839 WGS84 12N ROCK-CHIP Z-300
QS85 681342 3236899 698 WGS84 12N ROCK-CHIP Z-300
QS86 681330 3236900 481 WGS84 12N ROCK-CHIP Z-300
QS87 681319 3236900 450 WGS84 12N ROCK-CHIP Z-300
QS88 681311 3236900 456 WGS84 12N ROCK-CHIP Z-300
QS89 681300 3236901 691 WGS84 12N ROCK-CHIP Z-300
QS90 681291 3236900 615 WGS84 12N ROCK-CHIP Z-300
QS91 681260 3236950 540 WGS84 12N ROCK-CHIP Z-300
QS92 681270 3236948 493 WGS84 12N ROCK-CHIP Z-300
QS93 681279 3236951 500 WGS84 12N ROCK-CHIP Z-300
QS94 681290 3236951 648 WGS84 12N ROCK-CHIP Z-300
QS95 681301 3236951 408 WGS84 12N ROCK-CHIP Z-300
QS96 681320 3236948 458 WGS84 12N ROCK-CHIP Z-300
QS97 681550 3236750 341 WGS84 12N ROCK-CHIP Z-300
QS98 681562 3236752 498 WGS84 12N ROCK-CHIP Z-300
QS99 681569 3236750 939 WGS84 12N ROCK-CHIP Z-300
QS100 681581 3236749 573 WGS84 12N ROCK-CHIP Z-300
QS101 681590 3236749 701 WGS84 12N ROCK-CHIP Z-300
QS102 681599 3236750 377 WGS84 12N ROCK-CHIP Z-300
QS103 681611 3236748 1438 WGS84 12N ROCK-CHIP Z-300
QS104 681560 3236700 1137 WGS84 12N ROCK-CHIP Z-300
QS105 681548 3236701 1050 WGS84 12N ROCK-CHIP Z-300
QS106 681536 3236702 920 WGS84 12N ROCK-CHIP Z-300
QS107 681529 3236697 1265 WGS84 12N ROCK-CHIP Z-300
QS108 681522 3236698 596 WGS84 12N ROCK-CHIP Z-300
CSS-1 682256 3235229 834 WGS84 12N ROCK-CHIP Z-300
CSS-2 682260 3235233 911 WGS84 12N ROCK-CHIP Z-300
Surface
Sample ID
Easting
(m)
Northing
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
CSS-3 682269 3235239 811 WGS84 12N ROCK-CHIP Z-300
CSS-4 682280 3235239 910 WGS84 12N ROCK-CHIP Z-300
CSS-5 682287 3235241 945 WGS84 12N ROCK-CHIP Z-300
CSS-6 682293 3235247 971 WGS84 12N ROCK-CHIP Z-300
CSS-7 682298 3235255 931 WGS84 12N ROCK-CHIP Z-300
CSS-8 682307 3235253 814 WGS84 12N ROCK-CHIP Z-300
CSS-9 682222 3235283 858 WGS84 12N ROCK-CHIP Z-300
CSS-10 682228 3235284 907 WGS84 12N ROCK-CHIP Z-300
CSS-11 682235 3235287 870 WGS84 12N ROCK-CHIP Z-300
CSS-12 682242 3235293 948 WGS84 12N ROCK-CHIP Z-300
CSS-13 682249 3235297 817 WGS84 12N ROCK-CHIP Z-300
CSS-14 682251 3235306 1022 WGS84 12N ROCK-CHIP Z-300
CSS-15 682255 3235311 1106 WGS84 12N ROCK-CHIP Z-300
CSS-16 682258 3235323 723 WGS84 12N ROCK-CHIP Z-300
CSS-17 682192 3235330 1180 WGS84 12N ROCK-CHIP Z-300
CSS-18 682200 3235332 777 WGS84 12N ROCK-CHIP Z-300
CSS-19 682205 3235336 1153 WGS84 12N ROCK-CHIP Z-300
CSS-20 682208 3235342 737 WGS84 12N ROCK-CHIP Z-300
CSS-21 682217 3235346 767 WGS84 12N ROCK-CHIP Z-300
CSS-22 682218 3235345 886 WGS84 12N ROCK-CHIP Z-300
CSS-23 682225 3235348 1090 WGS84 12N ROCK-CHIP Z-300
CSS-24 682225 3235347 1062 WGS84 12N ROCK-CHIP Z-300
CSS-25 682233 3235349 931 WGS84 12N ROCK-CHIP Z-300
CSS-26 682237 3235349 936 WGS84 12N ROCK-CHIP Z-300
CSS-27 682237 3235354 722 WGS84 12N ROCK-CHIP Z-300
CSS-28 682239 3235359 955 WGS84 12N ROCK-CHIP Z-300
CSS-29 682247 3235367 971 WGS84 12N ROCK-CHIP Z-300
CSS-30 682277 3235110 869 WGS84 12N ROCK-CHIP Z-300
CSS-31 682284 3235105 862 WGS84 12N ROCK-CHIP Z-300
CSS-32 682293 3235102 713 WGS84 12N ROCK-CHIP Z-300
CSS-33 682307 3235103 1021 WGS84 12N ROCK-CHIP Z-300
CSS-34 682327 3235053 1033 WGS84 12N ROCK-CHIP Z-300
CSS-35 682339 3235053 770 WGS84 12N ROCK-CHIP Z-300
CSS-36 682358 3235052 908 WGS84 12N ROCK-CHIP Z-300
CSS-37 682374 3235019 822 WGS84 12N ROCK-CHIP Z-300
CSS-38 682383 3235017 951 WGS84 12N ROCK-CHIP Z-300
CSS-39 682401 3235014 448 WGS84 12N ROCK-CHIP Z-300
CSS-40 682396 3235006 799 WGS84 12N ROCK-CHIP Z-300
CSS-41 682402 3235002 765 WGS84 12N ROCK-CHIP Z-300
CSS-42 682414 3235008 1016 WGS84 12N ROCK-CHIP Z-300
CSS-43 682413 3234996 739 WGS84 12N ROCK-CHIP Z-300
CSS-44 682428 3234973 384 WGS84 12N ROCK-CHIP Z-300
Drill
Hole ID
Easting
(m)
Northing
(m)
Sample From
(m)
To
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
AF-17-001 682027 3235939 68001 0 3 690 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68002 3 6 1180 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68003 6 9 1300 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68004 9 12 950 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68005 12 15 510 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68006 15 18 1290 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68007 18 21 1370 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68008 21 24 950 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68009 24 27 1140 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68011 27 30 1090 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68012 30 33 940 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68013 33 36 920 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68014 36 39 640 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68015 39 42 720 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68016 42 45 600 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68017 45 48 850 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68018 48 51 980 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68019 51 54 262 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68021 54 57 810 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68022 57 60 1410 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68023 60 63 680 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68024 63 66 1090 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68025 66 69 1440 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68026 69 72 930 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68027 72 75 940 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68028 75 78 630 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68029 78 81 800 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68031 81 84 900 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68032 84 87 198.5 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68033 87 90 500 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68034 90 93 393 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68035 93 96 680 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68036 96 99 520 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68037 99 102 580 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68038 102 105 550 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68039 105 108 770 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68041 108 111 600 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68042 111 114 750 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68043 114 117 450 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68044 117 120 266 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68045 120 123 306 WGS84 12N Drill Lab Assay
AF-17-001 682027 3235939 68046 123 126 336 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68047 0 3 145.5 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68048 3 6 301 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68049 6 9 700 WGS84 12N Drill Lab Assay
Drill
Hole ID
Easting
(m)
Northing
(m)
Sample From
(m)
To
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
AF-17-002 682199 3235770 68051 9 12 480 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68052 12 15 620 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68053 15 18 670 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68054 18 21 600 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68055 21 24 375 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68056 24 27 316 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68057 27 30 333 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68058 30 33 263 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68059 33 36 315 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68061 36 39 281 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68062 39 42 256 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68063 42 45 277 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68064 45 48 282 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68065 48 51 291 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68066 51 54 310 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68067 54 57 309 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68068 57 60 311 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68069 60 63 690 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68071 63 66 1020 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68072 66 69 860 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68073 69 72 980 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68074 72 75 1040 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68075 75 78 920 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68076 78 81 1110 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68077 81 84 1290 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68078 84 87 1020 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68079 87 90 620 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68081 90 93 1150 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68082 93 96 1330 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68083 96 99 920 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68084 99 102 1160 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68085 102 105 1110 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68086 105 108 990 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68087 108 111 980 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68088 111 114 580 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68089 114 117 830 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68091 117 120 680 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68092 120 123 710 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68093 123 126 1020 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68094 126 129 470 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68095 129 132 1080 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68096 132 135 1140 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68097 135 138 1130 WGS84 12N Drill Lab Assay
AF-17-002 682199 3235770 68098 138 141 790 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68099 0 3 260 WGS84 12N Drill Lab Assay
Drill
Hole ID
Easting
(m)
Northing
(m)
Sample From
(m)
To
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
AF-17-003 681854 3236357 68101 3 6 279 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68102 6 9 770 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68103 9 12 540 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68104 12 15 840 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68105 15 18 790 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68106 18 21 960 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68107 21 24 560 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68108 24 27 710 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68109 27 30 1040 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68111 30 33 1280 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68112 33 36 590 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68113 36 39 328 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68114 39 42 1010 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68115 42 45 1260 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68116 45 48 790 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68117 48 51 960 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68118 51 54 920 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68119 54 57 990 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68121 57 60 740 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68122 60 63 394 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68123 63 66 710 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68124 66 69 376 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68125 69 72 650 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68126 72 75 590 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68127 75 78 490 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68128 78 81 670 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68129 81 84 940 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68131 84 87 1380 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68132 87 90 410 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68133 90 93 740 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68134 93 96 510 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68135 96 99 860 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68136 99 102 433 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68137 102 105 279 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68138 105 108 353 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68139 108 111 850 WGS84 12N Drill Lab Assay
AF-17-003 681854 3236357 68141 111 114 470 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68408 0 3 540 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68409 3 6 530 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68411 6 9 1200 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68412 9 12 1220 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68413 12 15 600 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68414 15 18 810 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68415 18 21 490 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68416 21 24 940 WGS84 12N Drill Lab Assay
Drill
Hole ID
Easting
(m)
Northing
(m)
Sample From
(m)
To
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
AF-17-011 681588 3236557 68417 24 27 760 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68418 27 30 370 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68419 30 33 660 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68421 33 36 480 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68422 36 39 900 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68423 39 42 510 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68424 42 45 690 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68425 45 48 940 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68426 48 51 630 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68427 51 54 1090 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68428 54 57 850 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68429 57 60 1010 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68431 60 63 660 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68432 63 66 394 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68433 66 69 139 WGS84 12N Drill Lab Assay
AF-17-011 681588 3236557 68434 69 72 105.5 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68435 0 3 760 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68436 3 6 530 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68437 6 9 780 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68438 9 12 900 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68439 12 15 1060 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68441 15 18 980 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68442 18 21 560 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68443 21 24 384 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68444 24 27 1080 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68445 27 30 920 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68446 30 33 389 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68447 33 36 1040 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68448 36 39 910 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68449 39 42 970 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68451 42 45 980 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68452 45 48 710 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68453 48 51 295 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68454 51 54 460 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68455 54 57 1130 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68456 57 60 800 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68457 60 63 650 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68458 63 66 1250 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68459 66 69 460 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68461 69 72 560 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68462 72 75 680 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68463 75 78 910 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68464 78 81 760 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 68465 81 84 630 WGS84 12N Drill Lab Assay
AF-17-012 681608 3236748 N/A 84 87 Not Assayed WGS84 12N Drill Lab Assay
Drill
Hole ID
Easting
(m)
Northing
(m)
Sample From
(m)
To
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
AF-17-012 681608 3236748 N/A 87 90 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 0 3 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68466 3 6 910 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68467 6 9 660 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68468 9 12 930 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68469 12 15 860 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68471 15 18 235 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68472 18 21 600 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68473 21 24 1010 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68474 24 27 126.5 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68475 27 30 1020 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 30 33 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 33 36 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 36 39 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 39 42 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 42 45 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 45 48 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 48 51 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 51 54 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 54 57 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 57 60 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68476 60 63 730 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68477 63 66 850 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68478 66 69 338 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68479 69 72 379 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68481 72 75 350 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68482 75 78 253 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68483 78 81 268 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68484 81 84 570 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68485 84 87 384 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68486 87 90 377 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68487 90 93 407 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68488 93 96 273 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68489 96 99 303 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68491 99 102 383 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68492 102 105 449 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68493 105 108 470 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68494 108 111 449 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68495 111 114 257 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 68496 114 117 427 WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 117 120 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 120 123 Not Assayed WGS84 12N Drill Lab Assay
AF-17-013 682330 3235134 N/A 123 126 Not Assayed WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68497 0 3 890 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68498 3 6 990 WGS84 12N Drill Lab Assay
Drill
Hole ID
Easting
(m)
Northing
(m)
Sample From
(m)
To
(m)
Li
(ppm)

Datum
Zone Sample
Type
Assay
Method
AF-17-014 682226 3235434 68499 6 9 1160 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68501 9 12 970 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68502 12 15 1180 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68503 15 18 1060 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68504 18 21 1070 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68505 21 24 1080 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68506 24 27 900 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68507 27 30 910 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68508 30 33 980 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68509 33 36 880 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68511 36 39 780 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68512 39 42 890 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68513 42 45 960 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68514 45 48 580 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68515 48 51 750 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68516 51 54 1040 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68517 54 57 580 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68518 57 60 1020 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68519 60 63 580 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68521 63 66 1110 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68522 66 69 860 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68523 69 72 650 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68524 72 75 790 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68525 75 78 1270 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68526 78 81 710 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68527 81 84 930 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68528 84 87 560 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68529 87 90 980 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68531 90 93 700 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68532 93 96 357 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68533 96 99 460 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68534 99 102 500 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68535 102 105 410 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68536 105 108 670 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68537 108 111 460 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68538 111 114 427 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68539 114 117 630 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68541 117 120 510 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68542 120 123 550 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68543 123 126 470 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68544 126 129 440 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68545 129 132 428 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 68546 132 135 460 WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 N/A 135 138 Not Assayed WGS84 12N Drill Lab Assay
AF-17-014 682226 3235434 N/A 138 141 Not Assayed WGS84 12N Drill Lab Assay

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Criteria
JORC Code explanation
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.

During the drilling, certified standards, blanks and duplicates were inserted
every 10thsample for quality control. Two certified standards were used and
sourced from Geostats Pty Ltd in Australia (GTA-02 and GTA-07). Duplicate
samples were collected to check repeatability and blanks were inserted to
check for contamination.

The SciAps Z-300 used for sampling control was calibrated for lithium with lab
assays from various clay samples from the Agua Fria prospect.

Drill hole collar locations were picked-up using a Garmin eTrex 30 GPS with <15
m accuracy.

Sampling techniques for both drilling and surface sampling were appropriate
and industrystandard.
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.

RC samples were homogenised by riffle splitting prior to sampling. RC samples
were collected as 3 m composite intervals to produce a 3-5 kg sample
submitted for assaying. Samples were submitted to ALS Minerals Laboratory in
Hermosillo, Mexico for preparation work and then sent off to ALS North
Vancouver for analyses. Samples were analysed for a suit of 48 elements.
Analysis completed by geochemical procedure ME-MS61 (using 4-acid digestion
and ICP-MS and ICP-AES analytical methods).

Trench and channel samples were taken according to industry standard.
Samples were submitted to ALS Minerals Laboratory in Hermosillo, Mexico for
preparation work and then sent off to ALS North Vancouver for analyses.
Samples were analysed for a suit of 48 elements. Analysis completed by
geochemical procedure ME-MS61 (using 4-acid digestion and ICP-MS and ICP-
AES analytical methods).

Rock-chip samples were taken according to industry standard. Samples were
prepared on site and analysed for Li using Z-300 LIBS analyser.
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).

RC drilling was completed by Bylsa Drilling Sa De Cv (Hermosillo, Mexico) using
a track-mounted RC rig with independent compressor rated at 500 psi. The RC
drill bit has a diameter of 80 mm and collects samples through an inner tube to
reduce contamination.
Drill sample
recovery
Method of recording and assessing core and chip sample
recoveries and results assessed.

RC recoveries were weighed and recorded on drill logs and considered to be
acceptable within industry standards.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.

RC samples were weighed and visually checked for moisture and
contamination. A cyclone and riffle splitter were used to provide a uniform and
homogenous sample and these were routinely cleaned after each sample. The
drill contractor blew out the hole at the beginning of each drill rod to remove
excess water and maintain drysamples.
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.

Ground conditions for RC drilling were good and drilling returned consistent
size samples. The majority of the samples collected were dry and contamination
would be a minimal.
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.

Geological logging appropriate for this style of drilling and the lithologies
encountered.
Whether logging is qualitative or quantitative in nature. Core
(or costean, channel, etc) photography.

Samples have been geologically logged onto hard copy logging sheets and later
transferred onto an Excel spreadsheet. Relevant data fields included: lithology,
grainsize, colour and recovery.

All logging samples were collected into chip-trays and stored for future
reference.
The total length and percentage of the relevant intersections
logged.

All drill holes were logged in full. The database contains lithological data for all
holes in the database.
Sub-sampling
techniques and
If core, whether cut or sawn and whether quarter, half or all
core taken.

Not applicable.
sample
preparation
If non-core, whether riffled, tube sampled, rotary split, etc
and whether sampled wet or dry.

RC samples were collected by a cyclone attached to the drill rig.

Material was split by a riffle splitter to produce a 3-5 kg sample.
For all sample types, the nature, quality and appropriateness
of the sample preparation technique.

Sampling technique is appropriate and industry standard.
Quality control procedures adopted for all sub-sampling
stages to maximize representivity of samples.

Field QAQC procedures included the insertion of field duplicates, blanks and
certified commercial standards.

Duplicates, standards and blanks were inserted at intervals of one in every 10
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.

At least one RC field duplicate were taken every thirty samples.
Whether sample sizes are appropriate to the grain size of the
material being sampled.

Sample sizes are considered to be appropriate to accurately represent the
lithium mineralisation at Agua Fria based on the style of mineralisation and the
thickness and consistencyof the intersections.
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.

Drilling samples, trench and channel samples were submitted to ALS Minerals
Laboratory in Hermosillo, Mexico for preparation work and then sent off to ALS
North Vancouver for analyses. Samples were analysed for a suit of 48 elements.
Analysis completed by geochemical procedure ME-MS61 (using 4-acid digestion
and ICP-MS and ICP-AES analytical methods).

Rock-chip samples were taken according to industry standard. Samples were
prepared on site and analysed for Li usingZ-300 LIBS analyser.
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.

A SciAps Z300 field-portable LIBS analyser was used for sampling control during
drilling.

The field-portable analyser was calibrated for lithium with lab assays from
various clay samples from the Agua Fria prospect collected during earlier
trenching and sampling.

Sample pellets were pressed using a portable Reflex press. Three Z-300 LIBS
readings were averaged for each pressed sample pellet.

Readings took in the order of 3 seconds each consisted of 12 readings taken on
a raster pattern and averaged to a single value.

Although a SciAps Z-300 LIBS analyser was used for sampling control during
drilling, all results reported are laboratory assays with the appropriate assay
certificates.
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.
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.

Duplicates, standards and blanks were inserted at intervals of one in every 10
samples. At least one RC field duplicate was taken every thirty samples.

The drilling contains QC samples (field-duplicates, blanks and standards plus
laboratory pulp splits, and laboratory internal standards), and have produced
results deemed acceptable.
Verification of
sampling and
assaying
The verification of significant intersections by either
independent or alternative company personnel.

Verification has been done by both AIX and LIT onsite personnel.
The use of twinned holes.
Not applicable.
Documentation of primary data, data entry procedures,
data verification, data storage (physical and electronic)
protocols.

Samples have been geologically logged onto hard copy logging sheets. The
hardcopy logging sheets have been scanned to an electronic format as well as
digitised onto an Excel spreadsheet by AIX personnel. Hardcopy logging sheets
were filed in a filing cabinet in Hermosillo, Mexico, while the electronic copies
and digital database stored on digital drives owned by both AIX and LIT. Data
verification have been done byboth AIX and LIT onsitepersonnel.
Discuss any adjustment to assay data.
Not applicable.
Location of data
points
Accuracy and quality of surveys used to locate drill holes
(collar and down-hole surveys), trenches, mine workings and
other locations used in Mineral Resource estimation.

Drill hole collar locations were picked-up using a Garmin eTrex 30 GPS with <15
m accuracy and considered to be adequate for first pass drilling.
Specification of the grid system used.
The grid used was WGS 84 / UTM Zone 12N.
Quality and adequacy of topographic control.
The topographic data appear adequate and reliable.
Data spacing and
distribution
Data spacing for reporting of Exploration Results.
Drill holes targeting mineralised horizons.
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.

Not applicable.
Whether sample compositing has been applied.
Samples were composited to 3 m within each of the different lithological zones
Orientation of
data in relation
Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which this
is known, considering the deposit type.

Not applicable in this style of deposit.
to geological
structure
If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to
have introduced a sampling bias, this should be assessed and
reported if material.

No sampling bias in this deposit style.
Sample security The measures taken to ensure sample security.
Chain of custody of samples were managed by AIX personnel. All sample bags
were properly sealed and couriered by AIX personnel to ALS laboratory in
Hermosillo, Mexico.
Audits or reviews The results of any audits or reviews of sampling techniques
and data.

Sampling techniques are consistent with industry standards.

Consistency of data was validated by AIX personnel while loading into the
database.

The collar and assay data have been reviewed by checking all of the data in the
digital database against hardcopies.

All assays were sourced directlyfrom ALS Minerals Laboratory.

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and ownership including
agreements or material issues with third parties such as joint
ventures, partnerships, overriding royalties, native title interests,
historical sites, wilderness or national park and environmental
settings.

All of the area of interest is on privately owned ranches from which we
have written permission to conduct exploration.
The security of the tenure held at the time of reporting along with
any known impediments to obtaining a licence to operate in the
area.

The concession “Electra” file number 82/39553 has passed all levels of
review, there is no impediment to the concession title as confirmed by the
legal opinion.
Exploration done
by other parties
Acknowledgment and appraisal of exploration by other parties.
Not applicable.
Geology Deposit type, geological setting and style of mineralisation.
La Ventana-type deposit; sedimentary hectorite clay deposited between
beds of Palaeocene basalts.
Drill hole
Information
A summary of all information material to the understanding of the
exploration results including a tabulation of the following
information for all Material drill holes:

All relevant data for the surface sampling and drilling conducted on the
Agua Fria Project is tabulated in Appendix 1 of this announcement.

easting and northing of the drill hole collar

elevation or RL (Reduced Level – elevation above sea level in
metres) of the drill hole collar

dip and azimuth of the hole

down hole length and interception depth

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.
In reporting Exploration Results, weighting averaging techniques,
_maximum and/or minimumgrade truncations (eg cutting of high _

All drill assays are based on homogenised, riffle split 3 m composites.

No weighted average techniques were used on anyresults.
Data
aggregation
methods
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 assumptions used for any reporting of metal equivalent
values should be clearly stated.
Relationship
between
mineralisation
widths and
intercept lengths
These relationships are particularly important in the reporting of
Exploration Results.

Mineralised zones are flat lying to gently dipping and the drilling was
designed to intercept perpendicular to the zones as closely as possible.

All drill holes were drilled at -90o.
If the geometry of the mineralisation with respect to the drill hole
angle is known, its nature should be reported.
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 width not known’).
Diagrams Appropriate maps and sections (with scales) and tabulations of
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.

A location map of the West Flank of the Agua Fria Prospect is provided
in the body of the test.
Balanced
reporting
Where comprehensive reporting of all Exploration Results is not
practicable, representative reporting of both low and high grades
and/or widths should be practiced to avoid misleading reporting
of Exploration Results.

Comprehensive reporting of drill details has been provided.
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.

All meaningful and material exploration data has been reported.

Preliminary metallurgical test work were undertaken by Kappes Cassiday
and Associates in Reno, Nevada.

Acid leach at 50°C achieves 94- 99% lithium extraction in 4 hours.
Further work The nature and scale of planned further work (eg tests for lateral
extensions or depth extensions or large-scale step-out drilling).

Future exploration will depend on the outcome of metallurgical test work
currently undertaken by Kappes Cassiday and Associates in Reno, Nevada.

The exact location of further exploration is unknown at this time and
cannot be represented on a diagram.
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling
areas, provided this information is not commercially sensitive.