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LOYAL METALS LTD — Capital/Financing Update 2023
Aug 21, 2023
65244_rns_2023-08-21_740b301e-56d6-43bd-b84c-831b8a903ae8.pdf
Capital/Financing Update
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ASX:LLI
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ASX Announcement | 22 August 2023
Six Additional Spodumene Zones Identified at the Hidden Lake Lithium Project, NWT, Canada
Highlights:
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Field mapping has identified six additional spodumene bearing pegmatite zones with samples taken for urgent assay analysis to aid in defining high priority targets and inclusion within the upcoming Canadian winter drill program.
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Field work, LiDAR and orthophoto airborne surveys have been completed at the Hidden Lake Lithium Project with 270 outcrop samples and 33 channel samples collected with assay results expected in September 2023.
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LiDAR and orthophoto surveys will assist with the further identification of new pegmatite zones and provide insights into concealed extensions of the known spodumene bearing dykes. Images and interpretation expected in October 2023.
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The field program targeted the newly identified pegmatites[1] that are in addition to the existing four spodumene bearing pegmatite dykes that were drilled in 2018 to a limited depth of 30-50 metres, with drill hole intercepts of up to 1.81% Li2O[2] .
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Loyal Lithium is fortunate to have completed the planned field work prior to the forest fires impact of the Level 3 evacuation order of Yellowknife.
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All staff and contractors were safely evacuated. Our thoughts are with the Yellowknife and First Nation Communities as authorities fight this significant threat of fire in the region.
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A high-resolution Aeromagnetic/Radiometric survey will be completed once the risk of fire and smoke has subsided, currently planned for September 2023.
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The four existing spodumene bearing pegmatite dykes have a cumulative strike length of 2,250 metres and remain open at length and depth[2] .
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Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
Loyal Lithium Limited (ASX:LLI) ( Loyal Lithium , or the Company ) provides an important update regarding its Hidden Lake exploration activities, located 45 km east of Yellowknife, NWT, Canada, considering the forest fire situation in the area. Loyal Lithium is fortunate to have completed the planned field work, LiDAR and orthophoto airborne surveys prior to the impacts of the forest fires and the Level 3 evacuation order of Yellowknife. All staff and contractors were safely evacuated, and our thoughts are with the Yellowknife and First Nation Communities as authorities fight this significant threat of fire in the region.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
P: (08) 6245 2490 E: [email protected]
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The field program targeted the 315 untested individual outcrops identified via high-resolution satellite imagery. These untested pegmatite targets are in addition to the four main spodumene rich dykes, which have a drill and channel tested cumulative strike length of 2,250m, and remain open at length and depth. A total of 303 samples were collected during the field program (270 outcrop and 33 channel) with samples progressively sent to SGS Vancouver for urgent assay analysis, with results expected in September 2023.
Loyal Lithium’s Managing Director, Mr Adam Ritchie, commented:
“We are delighted to have discovered an additional six spodumene zones on our project including one on our 100% owned claim. These discoveries, coupled with our recently announced discovery at Trieste further enhances the strength of our portfolio as we now have two potentially world class spodumene assets in North America.”
“We anticipate that the discovery of additional spodumene bearing zones at Hidden Lake will significantly increase the interpreted 2.25KM strike length of the previously known spodumene zones on our project, generating additional drilling targets and increasing the potential scale of this exciting project.”
"Forrest fires have been notable across Canada this summer and the fires near the Yellowknife region have now reached a critical level with an evacuation order issued. Our thoughts are with the Yellowknife and First Nation Communities as authorities, dedicated volunteers and essential personnel continue to fight this threat of fire on many fronts.”
“Thankfully, our field program has been largely unaffected, and we look forward to receiving our outcrop and channel assay results will aid in refining our high priority drill targets for our winter drilling program at Hidden Lake.”
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
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Figure 1 – Satellite image Pléiades 2022 visible (© CNES 2015, Distribution AIRBUS DS). Known spodumene pegmatites, highlighted in yellow, field targets in white and new Spodumene outcrops in green.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
P: (08) 6245 2490
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Photo 1: Zone #6 , Outcrop Sample D00434335. An in-situ dyke mapped as a spodumene-quartz-feldsparmuscovite pegmatite. DGC geological field crew inspecting the discovery.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
P: (08) 6245 2490 E: [email protected]
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Photo 2: Zone #3, Outcrop Sample D00434032 – D00434034. An in-situ dyke mapped as a spodumene-quartzfeldspar-muscovite pegmatite.
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Photos 3,4 & 5: Zone #6, Outcrop Sample D00434335 (left) - Zone #03, Outcrop Sample D00434033 (middle) - Zone #1, Outcrop Sample D00434192 (right). Spodumene crystals in outcrop.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
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Photos 6 : Zone #2, Outcrop Sample D00434093. DGC Geologists conducting a channel sample on an in-situ dyke mapped as a spodumene-quartz-feldspar-muscovite pegmatite.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
P: (08) 6245 2490
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Overview of Completed Work
A field mapping and sampling program was conducted on 315 previously untested and inadequately tested individual outcrops identified via the newly acquired high resolution satellite imagery and reprocessed lithium channel combination imagery. A total of 303 samples were collected during the fieldwork (270 outcrop and 29 channel samples, with a total of 355 samples submitted for assay including Certified Reference Material) with samples progressively sent to SGS Vancouver for urgent assay analysis with results and interpretation expected in September 2023.
A flown LIDAR and orthophoto survey was conducted to support the creation of a Digital Terrain Model (DTM) across the project. The DTM will assist in:
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Identifying unrecorded oxidation resistive pegmatite outcrops and also more subtle pegmatite outcrops that may be concealed by vegetation and topography.
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Positioning drill hole locations that mitigate environmental risk.
– - NEXT STEPS Drilling & High Resolution Aeromagnetic/Radiometric Survey
Planning is well advanced for Loyal’s drilling program that will now also target the new spodumene zones and extensions of the known spodumene rich pegmatites. Planned drill holes will focus on intersecting the pegmatites near surface (<150m) and will also test deep extensions of the pegmatite clusters to enable interpretation of the potential size of the pegmatites. Drilling by previous owners of the Project, conducted in 2018, was limited to a depth of 30-50 metres with all drill holes intercepting high-grade spodumene of up to 1.81% Li2O. Loyal Lithium believes there is considerable potential to expand the known lithium mineralisation at depth and along strike.
Loyal Lithium will complete a high-resolution Aeromagnetic/Radiometric survey once the risk of fire and smoke has subsided, currently planned for September 2023. This survey is not critical to planning of the upcoming drilling program.
This announcement has been authorised for release by Loyal Lithium’s Board of Directors
For more information:
Adam Ritchie
Jane Morgan
Managing Director Investor & Media Relations [email protected] [email protected] +61 (0) 403 462 383 + 61 (0) 405 555 618
About Loyal Lithium
Loyal Lithium Limited (ASX: LLI) is a well-structured listed resource exploration company with projects in Tier 1 North American mining jurisdictions in the Northwest Territories, Canada, James Bay Lithium District in Quebec, Canada and Nevada, USA. Through the systematic exploration of its projects, the Company aims to delineate JORC compliant resources, creating value for its shareholders.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490 E: [email protected]
ACN : 644 564 241 www.loyallithium.com
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Future Performance
This announcement may contain certain forward-looking statements and opinion forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained in this announcement, nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Loyal Lithium Ltd.
Competent Person Statement
The information in this announcement that relates to Exploration Results and Targets, is based, and fairly reflects, information compiled by Mr Darren Allingham, who is the Company’s geologist. Mr Allingham is a Fellow of the Australian Institute of Geoscientists. Mr Allingham has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results and Mineral Resources (JORC Code). Mr Allingham consents to the inclusion in the announcement of the matters based on the information in the form and context in which it appears.
References
- ASX Announcement LLI: 3 August 2023 Exploration Program Underway at the Advanced Hidden Lake Lithium Project, NWT Canada
2. ASX Announcement LLI: 12 April 2023 Transformational Acquisition of Advanced, High-Grade Hidden Lake Lithium Project in Yellowknife, Northwest Territories, Canada
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
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APPENDIX 1: Outcrop and Sample Details
| Sample_Id | Outcrop | East | North | Rock Type | Spodumene % estimate |
|---|---|---|---|---|---|
| D00434001 | HL23GK002 | 374,075 | 6,932,250 | Pegmatite-Granite | 0 |
| D00434002 | HL23GK004 | 374,132 | 6,932,334 | Pegmatite-Granite | 0 |
| D00434003 | HL23GK005 | 374,161 | 6,932,379 | Pegmatite-Granite | 0 |
| D00434004 | HL23SD002 | 373,759 | 6,933,810 | Pegmatite-Granite | 0 |
| D00434005 | HL23SD003 | 374,064 | 6,933,870 | Pegmatite-Granite | 0 |
| D00434006 | HL23SD003 | 374,061 | 6,933,861 | Pegmatite-Granite | 3 |
| D00434007 | HL23SD006 | 374,130 | 6,933,979 | Pegmatite-Granite | 0 |
| D00434008 | HL23SD007 | 374,182 | 6,934,031 | Pegmatite-Granite | 0 |
| D00434009 | HL23SD009 | 374,256 | 6,934,120 | Pegmatite-Granite | 0 |
| D00434010 | HL23SD009 | 374,257 | 6,934,123 | Pegmatite-Granite | 0 |
| D00434011 | HL23SD008 | 374,243 | 6,934,127 | Pegmatite-Granite | 0 |
| D00434012 | HL23SD011 | 374,288 | 6,934,332 | Pegmatite-Granite | 5 |
| D00434013 | HL23SD012 | 374,235 | 6,934,333 | Pegmatite-Granite | 3 |
| D00434014 | HL23SD012 | 374,234 | 6,934,354 | Pegmatite-Granite | 3 |
| D00434015 | HL23SD012 | 374,237 | 6,934,369 | Pegmatite-Granite | 3 |
| D00434016 | HL23SD012 | 374,240 | 6,934,386 | Pegmatite-Granite | 3 |
| D00434017 | HL23SD013 | 374,559 | 6,933,663 | Pegmatite-Granite | 0 |
| D00434018 | HL23SD013 | 374,592 | 6,933,634 | Pegmatite-Granite | 0 |
| D00434019 | HL23SD014 | 374,627 | 6,933,593 | Pegmatite-Granite | 0 |
| D00434020 | HL23SD014 | 374,657 | 6,933,549 | Pegmatite-Granite | 0 |
| D00434021 | HL23SD015 | 374,690 | 6,933,506 | Pegmatite-Granite | 0 |
| D00434026 | HL23SD015 | 374,716 | 6,933,476 | Pegmatite-Granite | 0 |
| D00434027 | HL23SD016 | 374,742 | 6,933,421 | Pegmatite-Granite | 0 |
| D00434028 | HL23SD017 | 374,777 | 6,933,383 | Pegmatite- Feldspar | 0 |
| D00434029 | HL23SD018 | 374,807 | 6,933,321 | Pegmatite- Feldspar | 0 |
| D00434030 | HL23SD026 | 374,631 | 6,933,079 | Pegmatite-Granite | 0 |
| D00434031 | HL23SD020 | 372,970 | 6,934,826 | Pegmatite-Spodumene | 10 |
| D00434032 | HL23SD021 | 373,044 | 6,934,924 | Pegmatite-Spodumene | 10 |
| D00434033 | HL23SD021 | 373,057 | 6,934,943 | Pegmatite-Spodumene | 15 |
| D00434034 | HL23SD021 | 373,062 | 6,934,954 | Pegmatite-Spodumene | 15 |
| D00434035 | HL23SD022 | 373,083 | 6,934,980 | Pegmatite-Spodumene | 15 |
| D00434036 | HL23SD023 | 373,127 | 6,935,029 | Pegmatite-Spodumene | 35 |
| D00434037 | HL23SD024 | 373,170 | 6,935,078 | Pegmatite-Spodumene | 0.1 |
| D00434038 | HL23SD025 | 374,611 | 6,932,877 | Granite | 0 |
| D00434039 | HL23SD026 | 374,667 | 6,933,040 | Pegmatite-Granite | 0 |
| D00434040 | HL23SD026 | 374,732 | 6,932,959 | Pegmatite-Granite | 0 |
| D00434041 | HL23SD026 | 374,705 | 6,933,006 | Pegmatite-Granite | 0 |
| D00434042 | HL23SD026 | 374,761 | 6,932,921 | Pegmatite-Granite | 0 |
| D00434043 | HL23SD028 | 373,028 | 6,934,928 | Pegmatite-Granite | 0 |
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
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| D00434044 | HL23SD030 | 373,268 | 6,935,210 | Pegmatite-Granite | 0 |
|---|---|---|---|---|---|
| D00434045 | HL23SD033 | 373,346 | 6,935,184 | Pegmatite-Granite | 0 |
| D00434046 | HL23SD033 | 373,360 | 6,935,198 | Pegmatite-Granite | 0 |
| D00434051 | HL23SD001 | 373,779 | 6,932,915 | Granite | 0 |
| D00434052 | HL23GK006 | 374,491 | 6,933,287 | Granite | 0 |
| D00434053 | HL23GK010 | 374,532 | 6,933,353 | Granite | 0 |
| D00434054 | HL23GK011 | 374,579 | 6,933,434 | Granite | 0 |
| D00434055 | HL23GK013 | 374,233 | 6,934,471 | Granite | 0 |
| D00434056 | HL23GK013 | 374,218 | 6,934,428 | Granite | 0 |
| D00434057 | HL23GK014 | 374,198 | 6,934,407 | Pegmatite- Feldspar | 0 |
| D00434058 | HL23GK014 | 374,179 | 6,934,354 | Granite | 0 |
| D00434059 | HL23GK014 | 374,165 | 6,934,321 | Granite | 0 |
| D00434060 | HL23GK015 | 374,156 | 6,934,332 | Granite | 0 |
| D00434061 | HL23GK015 | 374,164 | 6,934,291 | Granite | 0 |
| D00434062 | HL23GK015 | 374,212 | 6,934,254 | Granite | 0 |
| D00434063 | HL23GK017 | 373,272 | 6,934,928 | Granite | 0 |
| D00434064 | HL23GK018 | 373,326 | 6,934,778 | Granite | 0 |
| D00434065 | HL23GK019 | 373,312 | 6,934,738 | Granite | 0 |
| D00434066 | HL23GK020 | 373,285 | 6,935,069 | Granite | 0 |
| D00434067 | HL23GK021 | 373,312 | 6,935,143 | Granite-spodumene | 0.1 |
| D00434068 | HL23GK022 | 375,349 | 6,932,416 | Granite | 0 |
| D00434069 | HL23GK023 | 375,049 | 6,932,562 | Granite | 0 |
| D00434070 | HL23GK024 | 375,021 | 6,932,699 | Granite | 0 |
| D00434071 | HL23GK024 | 375,018 | 6,932,699 | Granite | 0 |
| D00434076 | HL23GK024 | 375,018 | 6,932,698 | Granite | 0 |
| D00434077 | HL23GK024 | 375,020 | 6,932,700 | Granite | 0 |
| D00434078 | HL23GK025 | 373,864 | 6,934,542 | Pegmatite-Granite | 0 |
| D00434079 | HL23GK026 | 373,789 | 6,934,554 | Pegmatite-Granite | 0 |
| D00434080 | HL23GK027 | 373,736 | 6,934,548 | Pegmatite-Granite | 0 |
| D00434081 | HL23GK028 | 373,811 | 6,934,714 | Pegmatite-Granite | 0 |
| D00434082 | HL23GK028 | 373,791 | 6,934,669 | Pegmatite-Granite | 0 |
| D00434083 | HL23GK029 | 373,491 | 6,934,727 | Granite | 0 |
| D00434084 | HL23GK030 | 373,453 | 6,934,746 | Pegmatite-Granite | 0 |
| D00434085 | HL23GK031 | 373,495 | 6,934,843 | Pegmatite-Granite | 0 |
| D00434086 | HL23GK033 | 373,381 | 6,934,840 | Pegmatite-Granite | 0 |
| D00434087 | HL23GK034 | 373,485 | 6,934,411 | Pegmatite-Granite | 0 |
| D00434088 | HL23GK045 | 375,212 | 6,936,964 | Granite | 0 |
| D00434089 | HL23GK047 | 373,115 | 6,937,917 | Granite | 0 |
| D00434090 | HL23GK046 | 373,127 | 6,937,935 | Pegmatite-Granite | 0 |
| D00434091 | HL23GK048 | 373,090 | 6,937,802 | Granite | 0 |
| D00434092 | HL23GK049 | 373,397 | 6,937,555 | Granite | 0 |
| D00434093 | HL23GK050 | 373,469 | 6,937,643 | Pegmatite-Spodumene | 10 |
| D00434094 | HL23GK051 | 373,519 | 6,937,741 | Pegmatite-Spodumene | 5 |
| D00434095 | HL23GK052 | 373,272 | 6,936,726 | Granite | 0 |
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
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| D00434096 | HL23GK052 | 373,255 | 6,936,679 | Granite | 0 |
|---|---|---|---|---|---|
| D00434101 | HL23GK036 | 375,035 | 6,937,097 | Granite | 0 |
| D00434102 | HL23GK036 | 375,052 | 6,937,123 | Granite | 0 |
| D00434103 | HL23GK038 | 375,146 | 6,937,231 | Granite | 0 |
| D00434104 | HL23GK041 | 375,159 | 6,936,956 | Granite | 0 |
| D00434105 | HL23GK041 | 375,158 | 6,936,948 | Granite | 0 |
| D00434106 | HL23GK042 | 375,152 | 6,936,900 | Granite | 0 |
| D00434107 | HL23GK043 | 375,208 | 6,936,930 | Granite | 0 |
| D00434108 | HL23SD044 | 373,531 | 6,936,609 | Granite | 0 |
| D00434109 | HL23GK052 | 373,216 | 6,936,595 | Granite | 0 |
| D00434110 | HL23SD048 | 373,240 | 6,936,600 | Granite | 0 |
| D00434111 | HL23SD049 | 373,228 | 6,936,584 | Granite | 0 |
| D00434112 | HL23SD050 | 373,218 | 6,936,562 | Granite | 0 |
| D00434113 | HL23SD051 | 373,178 | 6,936,473 | Granite | 0 |
| D00434114 | HL23SD052 | 373,152 | 6,936,416 | Granite | 0 |
| D00434115 | HL23SD053 | 373,133 | 6,936,381 | Granite | 0 |
| D00434116 | HL23SD054 | 373,102 | 6,936,331 | Granite | 0 |
| D00434117 | HL23SD057 | 372,987 | 6,936,398 | Granite | 0 |
| D00434118 | HL23SD059 | 374,193 | 6,936,254 | Granite | 0 |
| D00434119 | HL23SD061 | 374,187 | 6,936,222 | Pegmatite-Granite | 0 |
| D00434120 | HL23SD062 | 374,177 | 6,936,199 | Pegmatite-Granite | 0 |
| D00434121 | HL23SD063 | 374,172 | 6,936,174 | Granite | 0 |
| D00434122 | HL23GK058 | 374,176 | 6,936,142 | Granite | 0 |
| D00434123 | HL23GK058 | 374,184 | 6,936,125 | Granite | 0 |
| D00434124 | HL23SD064 | 374,157 | 6,935,944 | Granite | 0 |
| D00434125 | HL23SD065 | 374,166 | 6,935,871 | Granite | 0 |
| D00434130 | HL23SD066 | 374,705 | 6,935,122 | Pegmatite-Granite | 0 |
| D00434131 | HL23SD067 | 374,702 | 6,935,149 | Pegmatite-Granite | 0 |
| D00434132 | HL23SD068 | 374,682 | 6,935,203 | Pegmatite-Granite | 0 |
| D00434133 | HL23SD068 | 374,677 | 6,935,227 | Pegmatite-Granite | 0 |
| D00434134 | HL23SD069 | 374,659 | 6,935,238 | Pegmatite-Granite | 0 |
| D00434135 | HL23SD070 | 374,529 | 6,935,416 | Pegmatite-Granite | 0 |
| D00434136 | HL23SD073 | 374,419 | 6,935,420 | Granite | 0 |
| D00434137 | HL23SD074 | 374,340 | 6,935,522 | Pegmatite-Granite | 0 |
| D00434138 | HL23SD075 | 374,340 | 6,935,536 | Granite | 0 |
| D00434139 | HL23SD076 | 374,248 | 6,935,667 | Pegmatite-Granite | 0 |
| D00434140 | HL23SD077 | 374,109 | 6,935,134 | Pegmatite-Granite | 0 |
| D00434141 | HL23SD078 | 374,071 | 6,935,081 | Granite | 0 |
| D00434142 | HL23SD078 | 374,012 | 6,935,010 | Granite | 0 |
| D00434143 | HL23SD079 | 373,932 | 6,934,924 | Granite | 0 |
| D00434144 | HL23SD080 | 371,493 | 6,937,460 | Pegmatite-Granite | 0 |
| D00434145 | HL23SD080 | 371,520 | 6,937,424 | Pegmatite-Granite | 0 |
| D00434146 | HL23SD080 | 371,558 | 6,937,386 | Pegmatite-Granite | 0 |
| D00434151 | HL23GK052 | 373,235 | 6,936,632 | Granite | 0 |
| D00434152 | HL23GK053 | 374,262 | 6,936,461 | Felsic dyke | 0 |
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
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| D00434153 | HL23GK054 | 374,166 | 6,936,425 | Pegmatite-Granite | 0 |
|---|---|---|---|---|---|
| D00434154 | HL23GK054 | 374,167 | 6,936,414 | Pegmatite-Granite | 0 |
| D00434155 | HL23GK056 | 374,331 | 6,936,251 | Granite | 0 |
| D00434156 | HL23SD060 | 374,183 | 6,936,222 | Pegmatite-Granite | 0 |
| D00434157 | HL23GK055 | 374,207 | 6,936,270 | Pegmatite-Granite | 0 |
| D00434158 | HL23GK055 | 374,184 | 6,936,174 | Pegmatite-Granite | 0 |
| D00434159 | HL23GK058 | 374,174 | 6,936,168 | Pegmatite-Granite | 0 |
| D00434160 | HL23GK058 | 374,183 | 6,936,134 | Pegmatite-Granite | 0 |
| D00434161 | HL23GK059 | 374,199 | 6,936,124 | Pegmatite-Granite | 0 |
| D00434162 | HL23GK060 | 374,259 | 6,936,123 | Pegmatite-Granite | 0 |
| D00434163 | HL23GK062 | 374,186 | 6,935,979 | Pegmatite-Granite | 0 |
| D00434164 | HL23GK062 | 374,177 | 6,935,961 | Pegmatite-Granite | 0 |
| D00434165 | HL23GK066 | 373,985 | 6,935,697 | Granite | 0 |
| D00434166 | HL23GK070 | 374,031 | 6,935,791 | Granite | 0 |
| D00434167 | HL23GK069 | 374,033 | 6,935,780 | Pegmatite-Granite | 0 |
| D00434168 | HL23GK071 | 374,049 | 6,935,809 | Pegmatite-Granite | 0 |
| D00434169 | HL23GK072 | 374,063 | 6,935,832 | Pegmatite-Granite | 0 |
| D00434170 | HL23GK073 | 374,096 | 6,935,847 | Granite | 0 |
| D00434171 | HL23GK074 | 374,111 | 6,935,892 | Granite | 0 |
| D00434176 | HL23GK075 | 373,839 | 6,935,468 | Granite | 0 |
| D00434177 | HL23GK076 | 371,586 | 6,936,343 | Pegmatite-Spodumene | 5 |
| D00434178 | HL23KH001 | 371,542 | 6,936,303 | Pegmatite-Granite | 0 |
| D00434179 | HL23KH002 | 371,524 | 6,936,260 | Pegmatite-Granite | 0 |
| D00434180 | HL23KH002 | 371,512 | 6,936,237 | Pegmatite-Granite | 0 |
| D00434181 | HL23KH002 | 371,495 | 6,936,206 | Pegmatite-Granite | 0 |
| D00434182 | HL23KH002 | 371,459 | 6,936,165 | Pegmatite-Granite | 0 |
| D00434183 | HL23KH002 | 371,444 | 6,936,104 | Pegmatite-Granite | 0 |
| D00434184 | HL23KH002 | 371,423 | 6,936,129 | Pegmatite-Granite | 0 |
| D00434185 | HL23KH003 | 371,327 | 6,935,961 | Pegmatite-Granite | 0 |
| D00434186 | HL23KH004 | 371,269 | 6,935,725 | Granite | 0 |
| D00434187 | HL23KH005 | 371,258 | 6,935,597 | Pegmatite-Granite | 0 |
| D00434188 | HL23KH005 | 371,233 | 6,935,553 | Pegmatite-Granite | 0 |
| D00434189 | HL23KH006 | 371,134 | 6,935,572 | Pegmatite-Granite | 0 |
| D00434190 | HL23KH007 | 375,878 | 6,934,675 | vein | 0 |
| D00434191 | HL23GK076 | 371,585 | 6,936,343 | Pegmatite–Tourmaline-spod | 50 |
| D00434192 | HL23GK079 | 371,569 | 6,936,359 | Pegmatite-Spodumene | 20 |
| D00434193 | HL23GK077 | 371,632 | 6,936,302 | Pegmatite-Granite | 0 |
| D00434194 | HL23GK079 | 371,551 | 6,936,354 | Granite | 0 |
| D00434195 | HL23GK080 | 371,478 | 6,936,305 | Pegmatite-Granite | 0 |
| D00434196 | HL23GK080 | 371,441 | 6,936,256 | Pegmatite-Granite | 0 |
| D00434201 | HL23SD081 | 371,656 | 6,937,347 | Pegmatite-Granite | 0 |
| D00434202 | HL23SD082 | 371,602 | 6,937,380 | Pegmatite-Granite | 0 |
| D00434203 | D00434083 | 371,572 | 6,937,391 | Granite | 0 |
| D00434204 | HL23SD084 | 371,476 | 6,937,413 | Pegmatite-Granite | 0 |
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
==> picture [596 x 102] intentionally omitted <==
----- Start of picture text -----
ASX:LLI
----- End of picture text -----
| D00434205 | HL23SD084 | 371,429 | 6,937,441 | Pegmatite-Granite | 0 |
|---|---|---|---|---|---|
| D00434206 | HL23SD085 | 376,266 | 6,932,936 | vein | 0 |
| D00434207 | HL23SD087 | 371,465 | 6,936,529 | Pegmatite-Granite | 0 |
| D00434208 | HL23SD087 | 371,445 | 6,936,472 | Pegmatite-Granite | 0 |
| D00434209 | HL23SD088 | 371,461 | 6,936,452 | Pegmatite-Spodumene | 0.1 |
| D00434210 | HL23SD089 | 371,416 | 6,936,433 | Pegmatite-Granite | 0 |
| D00434211 | HL23SD090 | 371,393 | 6,936,493 | Pegmatite-Granite | 0 |
| D00434212 | HL23SD091 | 371,557 | 6,936,563 | Pegmatite-Granite | 0 |
| D00434213 | HL23SD092 | 371,575 | 6,936,544 | Pegmatite-Granite | 0 |
| D00434214 | HL23SD093 | 371,647 | 6,936,506 | Granite | 0 |
| D00434215 | HL23SD093 | 371,631 | 6,936,480 | Granite | 0 |
| D00434216 | HL23SD094 | 372,438 | 6,937,797 | Granite | 0 |
| D00434217 | HL23SD094 | 372,419 | 6,937,752 | Granite | 0 |
| D00434218 | HL23SD095 | 372,528 | 6,937,458 | Granite | 0 |
| D00434219 | HL23SD095 | 372,497 | 6,937,413 | Pegmatite-Granite | 0 |
| D00434220 | HL23SD096 | 372,568 | 6,937,452 | Granite | 0 |
| D00434221 | HL23SD097 | 372,592 | 6,937,435 | Pegmatite-Granite | 0 |
| D00434226 | HL23SD098 | 372,557 | 6,937,329 | Granite | 0 |
| D00434227 | HL23SD099 | 372,523 | 6,937,233 | Granite | 0 |
| D00434228 | HL23SD100 | 372,447 | 6,937,092 | Pegmatite-Granite | 0 |
| D00434229 | HL23SD101 | 374,967 | 6,933,798 | Granite | 0 |
| D00434230 | HL23SD103 | 374,980 | 6,933,806 | Granite | 0 |
| D00434231 | HL23SD105 | 374,747 | 6,933,932 | Pegmatite-Granite | 0 |
| D00434232 | HL23SD109 | 374,503 | 6,933,935 | Pegmatite-Granite | 0 |
| D00434233 | HL23SD112 | 374,545 | 6,934,019 | Pegmatite-Granite | 0 |
| D00434234 | HL23SD113 | 374,600 | 6,933,999 | Pegmatite-Granite | 0 |
| D00434235 | HL23SD115 | 373,110 | 6,935,997 | Pegmatite-Granite | 0 |
| D00434236 | HL23SD115 | 373,105 | 6,936,003 | Granite | 0 |
| D00434237 | HL23SD115 | 373,104 | 6,935,984 | Granite | 0 |
| D00434238 | HL23SD116 | 372,988 | 6,935,956 | Granite | 0 |
| D00434239 | HL23SD118 | 372,964 | 6,935,907 | Granite | 0 |
| D00434240 | HL23SD119 | 373,008 | 6,936,004 | Granite | 0 |
| D00434241 | HL23SD121 | 373,035 | 6,936,130 | Granite | 0 |
| D00434242 | HL23SD122 | 373,173 | 6,936,100 | Granite | 0 |
| D00434243 | HL23SD124 | 373,258 | 6,936,207 | Granite | 0 |
| D00434244 | HL23SD140 | 374,087 | 6,934,882 | Granite | 0 |
| D00434245 | HL23SD125 | 373,916 | 6,934,976 | Granite | 0 |
| D00434246 | HL23SD126 | 373,911 | 6,935,026 | Granite | 0 |
| D00434251 | HL23GP001 | 371,597 | 6,936,441 | Granite | 0 |
| D00434252 | HL23GP002 | 371,741 | 6,936,450 | Granite | 0 |
| D00434253 | HL23GP003 | 371,757 | 6,936,453 | Pegmatite-Granite | 0 |
| D00434254 | HL23GP004 | 371,763 | 6,936,452 | Granite | 0 |
| D00434255 | HL23GP005 | 371,812 | 6,936,694 | Pegmatite- Feldspar | 0 |
| D00434256 | HL23GP006 | 371,767 | 6,936,828 | Granite | 0 |
| D00434257 | HL23GP007 | 371,727 | 6,936,888 | Pegmatite- Feldspar | 0 |
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
==> picture [596 x 102] intentionally omitted <==
----- Start of picture text -----
ASX:LLI
----- End of picture text -----
| D00434258 | HL23GP258 | 371,747 | 6,936,946 | Granite | 0 |
|---|---|---|---|---|---|
| D00434259 | HL23GP009 | 371,761 | 6,937,004 | Granite | 0 |
| D00434260 | HL23BE002 | 377,231 | 6,936,256 | aplite | 0 |
| D00434261 | HL23BE001 | 376,834 | 6,935,196 | quartz-feldsparporphyry | 0 |
| D00434301 | HL23JP003 | 371,587 | 6,937,795 | Pegmatite-Granite | 0 |
| D00434302 | HL23JP004 | 371,637 | 6,937,934 | Granite | 0 |
| D00434303 | HL23JP005 | 371,982 | 6,937,849 | Pegmatite-Granite | 0 |
| D00434304 | HL23JP005 | 372,034 | 6,937,826 | Pegmatite-Granite | 0 |
| D00434305 | HL23JP006 | 371,855 | 6,937,736 | Granite | 0 |
| D00434306 | HL23JP006 | 371,845 | 6,937,655 | Granite | 0 |
| D00434307 | HL23GK080 | 371,427 | 6,936,231 | Pegmatite–Granite-spod | 0.1 |
| D00434308 | HL23GK080 | 371,381 | 6,936,166 | Pegmatite-Granite | 0 |
| D00434309 | HL23GK081 | 371,247 | 6,936,126 | Pegmatite-Granite | 0 |
| D00434310 | HL23GK082 | 371,159 | 6,936,242 | Pegmatite-Granite | 0 |
| D00434311 | HL23GK083 | 372,361 | 6,936,905 | Granite | 0 |
| D00434312 | HL23GK084 | 372,384 | 6,936,950 | Pegmatite-Granite | 0 |
| D00434313 | HL23GK085 | 372,409 | 6,936,992 | Pegmatite-Granite | 0 |
| D00434314 | HL23GK087 | 372,426 | 6,937,033 | Pegmatite-Granite | 0 |
| D00434315 | HL23GK088 | 372,424 | 6,937,053 | Granite | 0 |
| D00434316 | HL23GK089 | 374,865 | 6,934,839 | Granite | 0 |
| D00434317 | HL23GK090 | 374,914 | 6,934,822 | Pegmatite-Granite | 0 |
| D00434318 | HL23GK090 | 374,937 | 6,934,791 | Pegmatite-Granite | 0 |
| D00434319 | HL23GK090 | 374,965 | 6,934,741 | Pegmatite-Granite | 0 |
| D00434320 | HL23GK091 | 374,777 | 6,934,649 | Granite | 0 |
| D00434321 | HL23GK092 | 374,722 | 6,934,603 | Granite | 0 |
| D00434326 | HL23GK093 | 374,471 | 6,934,302 | Pegmatite-Granite | 0 |
| D00434327 | HL23GK094 | 374,351 | 6,934,366 | Pegmatite-Granite | 0 |
| D00434328 | HL23GK095 | 374,403 | 6,934,220 | Pegmatite-Granite | 0 |
| D00434329 | HL23GK096 | 374,364 | 6,934,143 | Pegmatite-Granite | 0 |
| D00434330 | HL23GK097 | 374,335 | 6,934,236 | Pegmatite-Granite | 0 |
| D00434331 | HL23GK097 | 374,340 | 6,934,293 | Pegmatite-Granite | 0 |
| D00434332 | HL23SD130 | 373,942 | 6,935,149 | Granite | 0 |
| D00434335 | HL23GK098 | 375,690 | 6,936,845 | Pegmatite-Spodumene | 5 |
| D00434336 | HL23GK098 | 375,659 | 6,936,829 | Pegmatite-Spodumene | 0 |
| D00434430 | HL23BE007 | 373,389 | 6,935,189 | Pegmatite-Granite | 0 |
| D00434431 | HL23BE011 | 373,400 | 6,935,255 | Pegmatite-Spodumene | 20 |
| D00434432 | HL23KH008 | 373,395 | 6,935,270 | Pegmatite-Spodumene | 7 |
| D00434433 | HL23BE012 | 373,418 | 6,935,281 | Pegmatite-Spodumene | 5 |
| D00434434 | HL23KH012 | 373,426 | 6,935,154 | Pegmatite-Granite | 0 |
| D00434435 | HL23BE010 | 373,407 | 6,935,223 | Pegmatite-Granite | 0 |
| D00434436 | HL23BE020 | 373,466 | 6,935,190 | Pegmatite-Granite | 0 |
| D00434437 | HL23KH012 | 373,454 | 6,935,119 | Pegmatite-Granite | 0 |
| D00434438 | HL23KH013 | 373,433 | 6,935,021 | Pegmatite-Granite | 0 |
| D00434451 | HL23BME001 | 373,030 | 6,935,367 | Granite | 0 |
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI
P: (08) 6245 2490
ACN : 644 564 241 www.loyallithium.com
==> picture [596 x 102] intentionally omitted <==
----- Start of picture text -----
ASX:LLI
----- End of picture text -----
| D00434452 | HL23BME003 | 372,965 | 6,935,433 | Granite | 0 |
|---|---|---|---|---|---|
| D00434453 | HL23BME002 | 374,290 | 6,934,272 | granodiorite | 0 |
| D00434454 | HL23BME006 | 374,036 | 6,933,807 | Pegmatite-Granite | 0 |
| D00434455 | HL23BME007 | 374,033 | 6,933,792 | granodiorite | 0 |
| D00434456 | HL23BME008 | 374,021 | 6,933,764 | Pegmatite-Granite | 0 |
| D00434457 | HL23BME008 | 374,004 | 6,933,728 | Pegmatite-Granite | 0 |
| D00434458 | HL23BME010 | 373,979 | 6,933,680 | granodiorite | 0 |
| D00434459 | HL23BME011 | 373,947 | 6,933,695 | Pegmatite-Granite | 0 |
| D00434460 | HL23BME014 | 374,202 | 6,933,459 | granodiorite | 0 |
Note 1: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
A: 5/10 Johnston St, Peppermint Grove WA, 6011
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
P: (08) 6245 2490 E: [email protected]
– JORC CODE, 2012 EDITION TABLE 1 - Section 1 Sampling Techniques and Data
| Criteria | JORC | Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sampling techniques |
• | Nature and quality of sampling (e.g. cut channels, random chips, or specific specialized industry standard |
• |
In 2023 geological mapping and sampling traverses were pre-planned from targets identified in satellite imagery. Geological field crews completed planned traverses with limited deviation from the planned traverses. A total of 138.45 - km’s were walked by field crews. Outcrops were examined, logged and sampled |
| measurement tools appropriate to the | by sites selected by geologists. Sampling of mostly outcrops that were rounded | |||
| minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc). These examples |
by glaciers was done using large geological picks to remove selected samples. A total of 270 outcrop grab samples were collected with 52 blind certified reference material (CRM) samples submitted to the laboratory and 29 channel samples were taken with 4 CRMs Note: The spot grab samples are not |
|||
| • | should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to |
• | representative of the grade of the entire outcrop. LiDAR and orthophoto surveys have been flown for the entirety of the Hidden Lake Project at a 50m line spacing. SHA contracted Pioneer Exploration Consultant’s Ltd. to undertake the LiDAR and orthophoto survey. The survey |
|
| ensure sample representivity and the | covered 25 km2 of airborne LiDAR and orthophoto data collected at a point | |||
| appropriate calibration of any measurement tools or systems used. |
density of approximately 40 points per m2. Orthophotos collected at a GSD of approximately 8 – 10 cm. The survey was conducted using a Phoenix Ranger LiDAR scanner with model accuracy of 15 cm. Equipment used: STC and |
|||
| • | Aspects of the determination of | vibration isolation mount for LiDAR sensor for manned aircraft. GNSS base | ||
| mineralisation that are Material to the | station and rover on site for QA/QC, ground control survey and LiDAR survey | |||
| Public Report. | ground station PPK. Phoenix Ranger XL LiDAR sensor. Necessary software, computers, and ancillary electronics to operate the sensors and flight systems |
|||
| • | In cases where 'industry standard' work | in the field. | ||
| has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from |
For historical work: • In 2016, 60 channel cuts were completed resulting in 308 samples, averaging approximately 1 m per sample. |
|||
| which 3 kg was pulverised to produce a | • | In 2017, 10 channel cuts were completed resulting in 33 sample, averaging | ||
| 30 g charge for fire assay'). In other cases more explanation may be |
• | approximately 1 m per sample. Channel samples from 2016 to 2017 were sent to Activation Laboratories (“Actlabs”) Ltd. in Kamloops, BC, Canada, for analysis. |
||
| required, such as where there is coarse | • | In 2018, a total of 1,079.37 m of NQ core was recovered and 159 half-core | ||
| gold that has inherent sampling problems. Unusual commodities or |
• | samples collected. Mineralized core was sampled at ~1 m lengths and unmineralized core at a maximum of ~1.5 m. Half-core samples alongwith38 QAQC samplesmade up of¼NQ core |
16
| mineralisation types (eg submarine nodules) may warrant disclosure of |
duplicates, certified reference materials (CRMs) and quartz blanks were sent to SGS Canada Inc. Laboratories in Lakefield, Ontario for analysis. |
|||
|---|---|---|---|---|
| detailed information. | ||||
| Drilling techniques |
• | Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details |
• | No Drilling completed in 2023. A Government of Northwest Territories Land Use Permit application for drilling has been compiled and is planned for submission shortly once final community Engagement requirements are completed. |
| (eg core diameter, triple or standard | For historical work: | |||
| tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, |
• • • |
A portable gas-powered diamond-bladed saw was utilized for channel cuts. A Boyles 27A diamond drill was used for drilling. All diamond drill holes were drilled by standard tube wireline methods. All holes are collared using NW casing and drilled with NQ rods. |
||
| _etc). _ | • | Core was not oriented. | ||
| Drill sample | • | Method of recording and assessing | • | Recovery was 100% for both outcrop grab and channel samples. |
| recovery | core and chip sample recoveries and | |||
| results assessed. | For historical work: | |||
| • | Measures taken to maximise sample recovery and ensure representative nature of the samples. |
• • |
Channel cuts only sampled visually mineralized rock. Overburden resulted in gaps in channel cuts. Drill core recoveries were measured after each drill run, comparing length of core recovered vs. drill depth. Core recoveries were good due to the competent |
|
| • | Whether a relationship exists between | nature of the rock, averaging 97% over all 10 drillholes. | ||
| sample recovery and grade and | • | Mineralized rock in drillholes was sampled sample lengths of~1 m and | ||
| whether sample bias may have | unmineralized rock at lengths of~1.5 m. | |||
| occurred due to preferential loss/gain | • | There is no observed relationship between core recovery and grade. | ||
| of fine/coarse material. | ||||
| Logging | • | Whether core and chip samples have | • | In 2023 outcrop grab samples and channel cut samples were geologically |
| been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and |
logged with sample details in the field, with digital data entered onto tablets using MXDeposit software as they were collected. Photos were taken of all sample sites. There were three databases; Outcrop, Surface Structure and Surface Sample. |
|||
| metallurgical studies. | For historical work: | |||
| • | Whether logging is qualitative or | • | Channel cuts were geologically logged in the field qualitatively with pen and | |
| quantitative in nature. Core (or costean, | paper as they were collected. The records are available only in physical form. | |||
| channel, etc) photography. | • | Photos were taken of the channel cuts after the channel sample was removed. |
17
| • | The total length and percentage of the | • | Drill core was all geologically and geotechnically logged using an industry- | |
|---|---|---|---|---|
| relevant intersections logged. | standard logging scheme. | |||
| • | Logged intervals were based on geological boundaries. The geological log | |||
| incorporates geotechnical parameters, lithology, weathering, alteration, and | ||||
| veining. | ||||
| • | Geological logging was based on both qualitative identifications of geological | |||
| characteristics and semi-quantitative estimates of mineral abundance. | ||||
| Geotechnical logging uses standard semi-quantitative definitions for estimating | ||||
| rock strength and fracture density. | ||||
| • | A digital photographic record was maintained for all drill core. | |||
| • | Electronic geological logs were created using a Microsoft Excel logging template | |||
| on laptopcomputers. | ||||
| Sub-sampling | • | If core, whether cut or sawn and | • | The 2023 channel cuts were approximately 5 cm thick and deep were made with |
| techniques and sample |
• | whether quarter, half or all core taken. If non-core, whether riffled, tube |
a handheld gas-powered diamond-bladed saw.. Blind standards and blanks were submitted. No channel sample details are reported in this announcement except the number taken. |
|
| preparation | sampled, rotary split, etc and whether | |||
| • | sampled wet or dry. For all sample types, the nature, quality |
For historical work: • Channel cuts roughly 5 cm thick were made with a handheld gas-powered diamond-bladed saw. |
||
| and appropriateness of the sample | • | The channel samples were removed with a hammer and chisel, and the entire | ||
| preparation technique. | channel cut was sampled at ~1 m intervals. | |||
| • | Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. |
• • |
All channel samples were sent to Actlabs in Kamloops, BC, for standard sample preparation (Code RX1), which includes crushing up to 80% passing 2 mm, riffle splitting (250 g) and pulverizing to 95% passing 105 µm. Drill core was cut in half with an electric diamond-bladed saw. Quarter-cut |
|
| • | Measures taken to ensure that the | duplicates were made periodically for QAQC. | ||
| sampling is representative of the in situ material collected, including for |
• | No other direct knowledge of other sampling method details undertaken during the drill campaign but have no reason to believe the operators did not follow industry standard practices. |
||
| instance results for field | • | Sizes were appropriate for the grain size of the material sampled in both the | ||
| • | duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being |
• • |
channel cuts and drill core samples. Channels were cut perpendicular to vein strike & spaced regularly (generally < 50 m). All core samples collected were shipped to SGS Canada’s laboratory in |
|
| sampled. | Lakefield, ON, for standard sample preparation (code PRP89) which includes | |||
| drying at 105°C, crushing to 75% passing 2 mm, riffle splitting 250 g, and | ||||
| pulverizing to 85% passing75microns |
18
| Quality of assay data and |
• | The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the |
• | For 2023 field work; Samples were couriered in secure containers labelled with sample numbers and company, submitted to SGS Canada, Burnaby, BC for analysis. G_WSH-G_WSH_PUL: Barren wash after pulverizing stage (all samples). G_WSH-G_WSH_CRU: Barren wash after crushing stage (all |
|---|---|---|---|---|
| laboratory | technique is considered partial or total. | samples). Prep: PRP89: Analysis: GE_ICM91A50 and GE_ICP91A50-AE (B) | ||
| tests | • | For geophysical tools, spectrometers, | (add Boron). Lithium total digestion sodium peroxide fusion technique. | |
| handheld XRF instruments, etc, the | ||||
| parameters used in determining the analysis including instrument make and |
For historical work: • All channel samples were analysed by Actlabs in Kamloops, B.C., for analysis using packages UT7 (55 elements ICP-MS after sodium peroxide fusion) and |
|||
| model, reading times, calibrations | 2017 samples were also analysed with code 1A2-ICP (Au by Fire Assay). | |||
| • | factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, |
• | Overlimit Li values were analysed with code 8 Li No certified reference materials were submitted with the channel samples for analysis due to the preliminary nature of the fieldwork, with the operator relying on the laboratory's internal QA/QC. |
|
| duplicates, external laboratory checks) | • | Analytical procedures are considered adequate for the early-stage nature of the | ||
| and whether acceptable levels of accuracy (ie lack of bias) and precision |
• | programs. All drill core samples were submitted to SGS Canada in Lakefield, Ontario, for analysis with packages GE ICM90A (55 elements ICP-AES after sodium |
||
| have been established. | peroxide fusion) and GE FAA313 (Au by Fire Assay). | |||
| • | In addition to the ½ NQ core samples, ¼ NQ core duplicates, pulp duplicates, | |||
| certified reference materials (CRMs) and quartz blanks were inserted into the | ||||
| sample stream at systematic intervals for QA/QC. | ||||
| • | QA/QC samples comprised 14% of total drill core samples submitted for | |||
| analysis. | ||||
| • | Both Actlabs and SGS Canada are ISO 17025 certified laboratories and | |||
| implement routine Quality Assurance and Quality Control (QA/QC) protocols | ||||
| during the analytical process. The procedures include using pulp duplicates and | ||||
| internally certifiedreferencematerials. | ||||
| Verification of | • | The verification of significant | • | No verification of sampling and assaying has been performed. The geological |
| sampling and assaying |
intersections by either independent or alternative company personnel. |
contractor is independent of Loyal Lithium. MXDeposit software was used for data entry. Contractor Senior Geologist JORC CP verified field geologist’s data. |
||
| • | The use of twinned holes. | For historical work: | ||
| • | Documentation of primary data, data | • | A 43-101 report was published in 2016 that verified the 2016 channel sampling | |
| entry procedures, data verification, data storage (physical and electronic) |
• • |
procedure and confirmed lithium-bearing pegmatites on the Property. No additional verification or testing was completed during this evaluation. No holes have been twinned. |
||
| protocols. | • | All original assay data is stored in a databasein an as-received basis with no | ||
| adjustment to thereturned data. |
19
| • | Discuss any adjustment to assay data. | • | 2016 and 2017 channel samples are recorded in physical books that have | |
|---|---|---|---|---|
| beenphotographed. Allotherdatais stored electronicallyindatabases. | ||||
| Location of | • | Accuracy and quality of surveys used to | • | Sample locations were determined in the field by a handheld GPS and is stored |
| data points | locate drill holes (collar and down-hole surveys), trenches, mine workings and |
in UTM NAD 83 Zone 12N projection format. Data collection software for the program was set up with Satellite Imagery as a basemap (ESRI Field Maps). Planned traverses visiting field targets were identified from satellite imagery |
||
| other locations used in Mineral | were based on SHP files given to Dahrouge Geological Consulting field crew | |||
| Resource estimation. | contractors by Loyal Lithium’s Exploration Manager. | |||
| • | Specification of the grid system used. | For historical work: | ||
| • | Quality and adequacy of topographic | • | Data is stored in UTM NAD 83 Zone 12N projection format. | |
| control. | • | Historical surface mapping points were georeferenced and validated against | ||
| topography. | ||||
| • | 2016 and 2017 channel sample location data was obtained using handheld | |||
| GPS, with azimuth measurements collected using a compass. | ||||
| • | Data points were generally well-constrained for X-Y coordinates but less reliable | |||
| for Z coordinates for channel samples. Channel locations were verified against | ||||
| topography. | ||||
| • | Drill hole collars were surveyed using a Topcon RTK differential GPS system, | |||
| and are well-constrained in the X, Y and Z directions. | ||||
| • | Drillholes were surveyed using a Reflex EZ-Gyro. Single shots were taken every | |||
| 10 m down the entire length of the hole with multi-shots taken at the top, middle | ||||
| and bottom of the hole to optimize the collected orientation data. | ||||
| • | Topographic control is from open-sourced High-Resolution Digital Elevation | |||
| Model(HRDEM)from Natural Resources Canada (NRCAN). | ||||
| Data spacing | • | Data spacing for reporting of | • | Field survey 2023 grab samples were unique single sites, with each sample |
| and distribution |
• | Exploration Results. Whether the data spacing and |
selected based on outcrop form, wherever extraction of a sample was possible using geological picks, chisels and hammers. Channel samples were selected on outcrops that contained considerable visible spodumene, and were sampled |
|
| distribution is sufficient to establish the | on one metre lengths perpendicular to the interpreted strike. | |||
| degree of geological and grade continuity appropriate for the Mineral |
For historical work: • A geological model was constructed by Loyal Lithium using a database of 10 |
|||
| Resource and Ore Reserve estimation | drillholes and 70 channels totalling 1,411.82 m. | |||
| procedure(s) and classifications | • | Geological mapping shows continuity along strike of pegmatite outcrops. | ||
| • | applied. Whether sample compositing has been |
• • |
Channels are spaced between 25 to 50 m over six different pegmatite outcrops. Drillholes are spaced between approximately 70 m to 150 m apart on four different pegmatite outcrops with two drillholes completed on the HL4 and D12 |
|
| applied. | pegmatites and three drillholes completed on the HL1 and HL3 pegmatites. | |||
| • | Pegmatiteintersectionsfromalldrillholes areless than50m verticaldepth from |
20
| surface, resulting in high concentrations of data at shallower depths. | ||||
|---|---|---|---|---|
| • | No compositing ofsampleswas applied priorto assaying. | |||
| • | Whether the orientation of sampling | • | Field survey 2023 grab samples were spot samples with up to 1-2 samples | |
| Orientation of data in |
achieves unbiased sampling of possible structures and the extent to which this |
taken per outcrop; channel samples taken perpendicular to interpreted strike of pegmatite dyke outcrop. |
||
| relation to | is known, considering the deposit type. | For historical work: | ||
| geological structure |
• | If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to |
• • |
Drill holes were designed to intersect known mineralized features in a nominally perpendicular orientation as much as is practicable given the availability of drill pads. Channel cuts were perpendicular to strike of the mineralized feature. |
| have introduced a sampling bias, this | ||||
| should be assessed and reported if | ||||
| material. | ||||
| Sample | • | The measures taken to ensure sample | • | For the 2023 field work samples were flown from the field in larger sealed plastic |
| security | security. | bags then placed in plastic buckets with lids in a secure room of a locked house of the contractor. |
||
| For historical work: | ||||
| • | Site employees and contractors were the only personnel with access to | |||
| samples. | ||||
| • | Logging, sampling and core cutting for the 2018 drilling program were performed | |||
| in a secure yard in Yellowknife, NWT. | ||||
| • | Samples were given a unique sample number.. Each sample tag listed the | |||
| project name, drillhole ID, top and bottom of sample interval, and sample | ||||
| number. | ||||
| • | Laboratory services were in secure compounds. | |||
| Audits or | • | The results of any audits or reviews of | • | No audits or reviews of the 2023 field work were undertaken |
| reviews | sampling techniques and data. | For historical work | ||
| For historical work: | ||||
| • | The channelsampling andmappingwereverifiedinthe2016NI 43-101 report. |
21
Section 2 Reporting of Exploration Results
| Criteria | JORC | Code explanation | Commentary | ||||
|---|---|---|---|---|---|---|---|
| Mineral | • | Type, reference | • | The Hidden Lake Property is located 45 km east of Yellowknife, NWT, Canada. The Property | |||
| tenement and land |
name/number, location and ownership including |
consists of 6 contiguous claims (grouping number GC2129), located on NTS sheets 085I11 and 085I12, totalling 2.500.29 ha. Claims HID 1 to 3 were issued on March 1, 2016, and HID 4 and 5 were issued on June 30, 2016. Claim MON-1 was issued on December 14, 2022. Claims HID 1- |
|||||
| tenure | agreements or material | 3 have March 1, 2026 anniversary dates and claims HID 4-5 have June 30, 2026 anniversary | |||||
| status | issues with third parties such as joint ventures, partnerships, overriding |
• • |
dates. Claim MON-1 has an anniversary date of December 14, 2024. A 21-year mining lease is required after these anniversary dates. In January 2018, the HID1-5 claims that made up the Hidden Lake Property at the time were acquired by Patriot Battery Metals (previously 92 Resources Corp.). |
||||
| royalties, native title | • | In January 2018, Patriot Battery Metals signed an earn-in agreement with Foremost Lithium | |||||
| interests, historical sites, wilderness or national |
• | Resources and Technology (previously FAR Resources) for a 60% stake in the Hidden Lake Property. On November 24, 2022, Foremost Lithium entered into an option agreement with Youssa Pty Ltd. |
|||||
| park and environmental | to sell 60% interest in the five (5) HID 1-5 contiguous mineral exploration claims that make up the | ||||||
| • | settings. The security of the tenure held at the time of |
• | Hidden Lake Property. The HID 1-5 claims are currently held in the name of Patriot Battery Metals and are in good standing. Claims HID 1-3 have an anniversary date of March 1, 2026, and claims HID 4-5 have an anniversary date of June 30, 2026. |
||||
| reporting along with any | • | The MON-1 claim was staked on December 14, 2022, is owned by DGRM, and currently in the | |||||
| known impediments to obtaining a licence to |
• | name of Jordan Pearson. The MON-1 claim is currently in good standing and has an anniversary date of December 14, 2024. Loyal Lithium is in the process of acquiring the 60% ownership stake in HID 1-5 previously held |
|||||
| operate in the area. | by Foremost Lithium and | currently resides in the name of Youssa Pty Ltd as well as 100% interest | |||||
| in the MON-1 claim that is currently owned by DGRM. Loyal is also in the process of entering a | |||||||
| Joint Venture arrangement with Patriot Battery Metals who currently owns the other 40% | |||||||
| ownership of the HID 1-5 claims. | |||||||
| • | The Property is surrounded by land withdrawals to the north and other claims to the south and | ||||||
| west. No claims or land | withdrawals are to the east. | ||||||
| • | Consultation and engagement are required for 8 stakeholders in the area, consisting of local | ||||||
| Indigenous Groups and | land users, which include | ||||||
oTheAkaitchoDeneFirstNation |
22
oThe Yellowknives Dene First Nation |
||||
|---|---|---|---|---|
oThe Lutsel K'e Dene First Nation |
||||
oThe Deninu Kue First Nation |
||||
oThe North Slave Métis Alliance |
||||
oThe Fort Resolution Métis Council |
||||
oThe Northwest Territories Métis Nation |
||||
oThe Tlicho Government |
||||
| • | A previous archaeological study of the area in 2018 found no archaeological findings in the | |||
| Property area and that a winter drill program would not require an archaeological impact | ||||
| assessment due to low anticipated disturbance. | ||||
| • | An archaeological assessment may be warranted in the future should further exploration or camp | |||
| development occur in high-potential areas or occur under summer conditions. | ||||
| • | ALand Permit from the Mackenzie Valley Land and Water Board may be required under certain | |||
| conditions, including drill programs and the use of any heavy equipment. No impediments to | ||||
| obtaining thisPermit are anticipated. | ||||
| Exploration | • | Acknowledgment and | • | The most significant historical exploration work on the Property has been completed on the D12 |
| done by other parties |
appraisal of exploration by other parties. |
• | pegmatite, first discovered by the Geological Survey of Canada in 1947. Lithium-bearing pegmatite dykes in the Hidden Lake area were first staked by General Lithium Corp Ltd. in 1955. |
|
| • | In July 1975, pegmatites in the area were staked by Canadian Superior Exploration Ltd., as the | |||
| LU claims; they later completed a large exploration program in 1978. | ||||
| • | In the late 1980s, the northern parts of the Property were staked by the Continental Pacific | |||
| Resources as part of the Shorty 1 Project, however much of the historical work completed was | ||||
| on pegmatites outside of the current Property boundary with the exception of pegmatite D12. | ||||
| • | In 2016, 92 Resources Corp. conducted a prospecting and sampling program; 10 rock samples | |||
| were collected initially. A follow-up program the same year resulted in a total of 308 channel | ||||
| samples collected from 60 channels across the D12, HL1, HL3, and HL4 dykes and 10 grab | ||||
| samples from other pegmatites on the Property. | ||||
| • | In 2017 92 Resources collected 33 samples from 10 channels on dykes HL6 and HL8, with an | |||
| additional 24 grab samples from the south end of the Property. | ||||
| • | In 2018 a 10-hole, 1,079.37 m diamond drilling campaign yielded a combined 159 half-core | |||
| samplesfromdykesD12,HL1,HL3, andHL4. | ||||
| Geology | • | Deposit type, geological | • | The Hidden Lake Property lies within the southern Archean Slave Craton of the Canadian Shield, |
| setting and style of mineralisation. |
which comprises Mesoarchean gneissic basement covered by a Neoarchean supracrustal assemblage known as the Yellowknife Supergroup. The Yellowknife Supergroup consists of a thick sequence of metavolcanics and metasedimentary rocks, and within the Property area, this |
|||
| assemblage is dominated by the Burwash Formation. | ||||
| • | The large Neoarchean granitic plutons which intrude the Burwash Formation include the two-mica | |||
| granites of the Prosperous Suite and the biotite ± hornblende tonalite to granodiorite of the Defeat | ||||
| Suite. |
23
-
The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare elementbearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field.
-
These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type.
-
• The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals.
-
No 2023 drilling is reported in this announcement
| • The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
• The Prosperous Suite consists of several S-type biotite-muscovite leucogranite plutons that are spatially associated with granitic pegmatites. These pegmatites, some of which are rare element- bearing, intrude the surrounding Burwash Formation and the granitic plutons, forming the Yellowknife pegmatite field. • These lithium-bearing pegmatites are the target for exploration on the Property and fall under the "LCT", lithium-caesium-tantalum, pegmatite deposit type. • The lithium-bearing pegmatites on the Property are recorded as long, discontinuous, NNE-SSW trending bodies with sharp contacts with the metasediments. They are measured at up to 800 m long and 11.5 m wide, with spodumene and lesser montebrasite being the primary lithium-bearing minerals. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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: oeasting and northing of the drill hole collar oelevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar odip and azimuth of the hole odown hole length and interception depth ohole length. • If the exclusion of this information is justified on • No 2023 drilling is reported in this announcement For historical work: • Detailed drillhole information and lithium pegmatite intersections were compiled from the Hidden Lake Property to develop the geological model. The drillhole attributes and pegmatite intersection summary are presented in the following tables. 2018 Drillhole Summary Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) DDH Depth (m) Hole Diameter HL18-001 374934.7 6936971 250.34 145 45 109 NQ HL18-002 375022.6 6937090 248.55 145 45 101.34 NQ HL18-003 374892.8 6936899 247.35 145 45 108.94 NQ HL18-004 373748.2 6936978 249.42 145 45 106.19 NQ HL18-005 373702.2 6936886 251.34 145 45 108.82 NQ HL18-006 373440 6937524 259.75 145 45 108.94 NQ HL18-007 373407.1 6937465 258.9 145 45 109 NQ HL18-008 373361.2 6937389 256.82 145 45 108.94 NQ HL18-009 373363.9 6937097 253.43 145 45 109.2 NQ HL18-010 373305.9 6937011 254.77 145 45 109 NQ Drillhole and Channel Intersection Summary Pegmatit e Dyke Number of Channels Number of Drillholes Surface Exposure Downhole Intersection Length (m) Minimum Width (m) Maximum Width (m) Minimum Length (m) Maximum Length (m) |
||||||||||||||
| 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: oeasting and northing of the drill hole collar oelevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar odip and azimuth of the hole odown hole length and interception depth ohole length. • If the exclusion of this information is justified on |
• No 2023 drilling is reported in this announcement For historical work: • Detailed drillhole information and lithium pegmatite intersections were compiled from the Hidden Lake Property to develop the geological model. The drillhole attributes and pegmatite intersection summary are presented in the following tables. 2018 Drillhole Summary Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) DDH Depth (m) Hole Diameter HL18-001 374934.7 6936971 250.34 145 45 109 NQ HL18-002 375022.6 6937090 248.55 145 45 101.34 NQ HL18-003 374892.8 6936899 247.35 145 45 108.94 NQ HL18-004 373748.2 6936978 249.42 145 45 106.19 NQ HL18-005 373702.2 6936886 251.34 145 45 108.82 NQ HL18-006 373440 6937524 259.75 145 45 108.94 NQ HL18-007 373407.1 6937465 258.9 145 45 109 NQ HL18-008 373361.2 6937389 256.82 145 45 108.94 NQ HL18-009 373363.9 6937097 253.43 145 45 109.2 NQ HL18-010 373305.9 6937011 254.77 145 45 109 NQ Drillhole and Channel Intersection Summary Pegmatit e Dyke Number of Channels Number of Drillholes Surface Exposure Downhole Intersection Length (m) Minimum Width (m) Maximum Width (m) Minimum Length (m) Maximum Length (m) |
|||||||||||||
| Hole ID | Easting (m) | Northing (m) |
Elevation (m) |
Azimuth (°) | Dip (°) | DDH Depth (m) |
Hole Diameter |
|||||||
| HL18-001 | 374934.7 | 6936971 | 250.34 | 145 | 45 | 109 | NQ | |||||||
| HL18-002 | 375022.6 | 6937090 | 248.55 | 145 | 45 | 101.34 | NQ | |||||||
| HL18-003 | 374892.8 | 6936899 | 247.35 | 145 | 45 | 108.94 | NQ | |||||||
| HL18-004 | 373748.2 | 6936978 | 249.42 | 145 | 45 | 106.19 | NQ | |||||||
| HL18-005 | 373702.2 | 6936886 | 251.34 | 145 | 45 | 108.82 | NQ | |||||||
| HL18-006 | 373440 | 6937524 | 259.75 | 145 | 45 | 108.94 | NQ | |||||||
| HL18-007 | 373407.1 | 6937465 | 258.9 | 145 | 45 | 109 | NQ | |||||||
| HL18-008 | 373361.2 | 6937389 | 256.82 | 145 | 45 | 108.94 | NQ | |||||||
| HL18-009 | 373363.9 | 6937097 | 253.43 | 145 | 45 | 109.2 | NQ | |||||||
| HL18-010 | 373305.9 | 6937011 | 254.77 | 145 | 45 | 109 | NQ | |||||||
| Drillhole and Channel Intersection Summary | ||||||||||||||
| Pegmatit e Dyke |
Number of Channels |
Number of Drillholes |
Surface Exposure | Downhole Intersection | ||||||||||
| Length (m) |
Minimum Width (m) |
Maximum Width (m) |
Minimum Length (m) |
Maximum Length (m) |
24
| 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. |
D12 | 15 | 3 | 350 | 2.25 | 11.58 | 7.37 | 11.12 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HL1 | 16 | 2 | 700 | 1 | 8.72 | 3.42 | 7.59 | |||
| HL3 | 15 | 2 | 800 | 1.63 | 9.64 | 7.68 | 8.68 | |||
| HL4 | 15 | 3 | 400 | 2.48 | 8.02 | 5.62 | 7.72 | |||
| HL6 | 8 | - | 180 | 2.13 | 5.2 | - | - | |||
| HL8 | 2 | - | 30 | 1.8 | 5.1 | - | - | |||
| HL13 | - | - | 200 | 1 | 4 | - | - | |||
| Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, 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 assumptions used for |
• For the 2023 field work no outcrop or channel sample assay results are reported in this announcement, besides the number of samples taken in the field. For historical work: • Exploration results are reported within distinct geological boundaries, typically the contact between pegmatite and metasediment. • Lithium-bearing pegmatite intersections were generally sampled at ~1 m lengths. • The grades are compiled using length weighting with no top cutting. • No metal equivalent values were used. |
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| any reporting of metal | ||||
|---|---|---|---|---|
| equivalent values should | ||||
| be clearly stated. | ||||
| Relationship | • | These relationships are | • | No 2023 field work mineralisation widths or intercepts reported in this announcement |
| between | particularly important in | For historical work: | ||
| mineralisatio | the reporting of | • | Drill holes were designed to intersect known mineralized features in a nominally perpendicular | |
| n widths and | Exploration Results. | orientation as much as is practicable given the availability of drill pads. | ||
| intercept lengths |
• | If the geometry of the mineralisation with respect to the drill hole |
• Channel cuts were perpendicular to strike of the mineralized feature. • Drill intercepts are reported as apparent thickness. Unless otherwise specified, all thicknesses within this document are apparent thicknesses. The geological modelling software combines drillhole orientation and intercepts from downhole logs with |
|
| angle is known, its nature | known | and extrapolated surface mapping to project the geometry of pegmatite dykes. | ||
| 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 | • | Figures and photos provided in the announcement |
| 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. | ||||
| Balanced | • | Where comprehensive | • | For the 2023 field work all details of the outcrop samples are reported. The channel sample details |
| are not reported except the number of samples taken. |
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| reporting | reporting of all Exploration Results is not practicable, representative reporting |
For historical work: • There is no preferential reporting of results. The current Hidden Lake Property geological model is a tool for targeting future exploration. Data has been validated against raw records, no material |
For historical work: • There is no preferential reporting of results. The current Hidden Lake Property geological model is a tool for targeting future exploration. Data has been validated against raw records, no material |
|
|---|---|---|---|---|
| of both low and high | has been excluded, and the outputs from the model honour data inputs. | |||
| grades and/or widths | ||||
| should be practiced to | ||||
| avoid misleading | ||||
| reporting of Exploration | ||||
| Results. | ||||
| Other | • | Other exploration data, if | • | In 2022/2023 high resolution Pleiades Neo Satellite Imagery 4-band archive; 30cm {© Airbus DS |
| substantive exploration data |
meaningful and material, should be reported including (but not limited to): geological |
2022} was acquired by Loyal Lithium. Bundle processing included scaling, orthorectification, enhancement, mosaic and cloud patch as required. Natural colour and false colour infrared products have been prepared. Images in both natural colour and infrared were examined on computer screen, manually comparing known high albedo pegmatite outcrops, from historical mapping data, and new outcrop targets implied to be pegmatites. Historical mapping on the |
||
| observations; geophysical | Property has been used to constrain the surficial expression of the mineralised pegmatites. The | |||
| survey results; | outcrop targets were digitised by hand and exported in a variety of formats and will be used to | |||
| geochemical survey | locate outcrops in the field when mapping and sampling. Sentinel 2 and Aster data were | |||
| results; bulk samples – | reprocessed by Terra Resources to produce a series of images including the Lithium band and | |||
| size and method of | geology combinations plus a wide array of additional images. | |||
| treatment; metallurgical test results; bulk density, groundwater, |
For historical data: • Density information was collected at roughly 5m intervals within mineralized pegmatite and approximately 30 m intervals outside of pegmatite using the dry volumetric method. |
|||
| geotechnical and rock | • | A metallurgical program was initiated for the Hidden Lake Property following the completion of | ||
| characteristics; potential | the 2016 channel sampling program with the primary objective of determining the amenability of | |||
| deleterious or | pegmatite material to be processed for a potentially marketable concentrate. | |||
| contaminating | ||||
| substances. | ||||
| Further work | • | The nature and scale of | • | Recommended work includes: |
| planned further work (eg tests for lateral extensions |
oFollow-up stage two surface exploration, testing targets generated from LiDAR and orthophoto image surveys. Systematic property wide prospecting has been completed to ground truth satellite image outcrop targets and new outcrops and/or mineralized |
|||
| or depth extensions or | boulders. These require a second stage of field exploration if deemed required once | |||
| stage one assayresults arereceived |
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-
large-scale step-out
oGeophysics Aeromagnetic/Radiometric survey at a 50m spacing, lines oriented east-westoA drill exploration program totalling 3,300m, with a focus on further delineating the four -
drilling). main pegmatite dykes on the Property. A systematic approach to drilling will be conducted
-
• Diagrams clearly to fully understand the orientation of the mineralised bodies:
-
highlighting the areas of ▪ The northeast and southwest extents of the pegmatites beyond the surficial
-
possible extensions, expressions may be drill tested to determine the extent along strike especially at including the main D12 dyke geological interpretations ▪ Drilling will step out from 2018 drill holes to intersect the pegmatite bodies at and future drilling areas, greater depths below surface and develop an understanding of orientation subsurface
-
provided this information is
-
not commercially sensitive.
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