VOLTAIC STRATEGIC RESOURCES LTD — Capital/Financing Update 2023

Aug 13, 2023

Voltaic Strategic Resources Limited ASX: VSR ABN 66 138 145 114 +61 8 6245 9821 Suite 2, 38 Colin Street info@voltaicresources.com West Perth WA 6005 voltaicresources.com

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ASX Release

14 August 2023

Drilling underway at Ti Tree’s priority lithium targets.

Highlights

‘Phase 3’ drill campaign underway focusing on untested priority targets at the Company’s 100%-owned Ti Tree Project, Gascoyne region, Western Australia.

• ~3,500m of reverse circulation (RC) drilling planned at ‘Morpheus’, ‘Akira’, and ‘Lewis’ prospects at areas of high priority surface geochemical anomalism.

• Morpheus & Akira are interpreted to reside in the ‘Goldilocks[1] ’ zone, focusing on highly prospective Leake Spring Metamorphic pelitic schists where many significant intersections have been identified by Delta Lithium Ltd (ASX:DLI) at the neighbouring Yinnietharra Lithium Project[2] .

• Morpheus, Lewis, and Akira are just three of the 18 priority target areas identified at Ti Tree to date where an extensive number (>400) of pegmatites have been mapped at surface.

• Down-dip, deeper drilling also planned at ‘Andrada’ to delineate bounding lithological contacts and to examine untested lithium-caesium-tantalum (LCT) potential plunge target areas.

Voltaic Strategic Resources Ltd (ASX:VSR) has commenced the next phase of drilling at the Ti Tree lithium project focusing on the high priority ‘Morpheus’, ‘Lewis’ and ‘Akira’ prospects. Drilling will systematically test several new targets across the southern end of the extensive 80km+ 'Volta' corridor, as well as the down-dip continuity and potential bounding lithological contacts for select pegmatites previously drilled at ‘Andrada’ (see Figure 1 ).

Concurrently, target generation continues with reconnaissance field work underway focusing on geological mapping, rock chip sampling and soil surveys, all of which are designed to quickly assess target areas and systematically generate additional drill prospects.

Voltaic Chief Executive Officer Michael Walshe said the Company is rapidly advancing through the exploration program at Ti Tree and are pleased to advise that the ‘Phase 3’ campaign is in progress with over 250 metres already drilled.

“The RC drill rig being employed has the capacity to drill deeper than previous campaigns allowing us to thoroughly examine the extents of the pegmatite swarms at each prospect and potentially vector to mineralisation at depth and under cover” Mr Walshe said.

1 LCT pegmatites are generally emplaced ~0-10 km of fertile granites (“goldilocks” zone). At Ti Tree, our current modelling indicates that this could be 0.5 – 5 km. Reference: Cerny, P, 1989, 'Exploration strategy and methods for pegmatite deposits of tantalum ', In Lanthanides, Tantalum, and Niobium, SpringerVerlag, New York, pp. 274-302.

2 See ASX:DLI release dated 04/07/2023, ‘ Further Exceptional Drill Results from Yinnietharra ’.

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“Additionally, airborne drone magnetic / radiometric and photogrammetry surveys are planned to commence at the project in October which will assist with further target generation”.

“Investors can expect steady news flow from the Ti Tree project over the coming months, with regular drilling updates and assay results to be released as available as we systematically advance through testing of the 18 priority target areas within the large tenement package” he said.

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Ti Tree NORTH
8 x LCT target areas
>100 mapped pegmatites
E09/2522 Voltaic prospect
Voltaic tenure
Yinnietharra Li Project Delta Li tenure
Volta Corridor
` N
5km
7
KEY PROSPECTS
Jameson Prospect 1 Andrada
2 Morpheus
3 Akira
E09/2503 E09/2470
4 6 4 Lewis
2
Goldilocks zone 1 3 5 5 Trinity
(Volta Corridor) 6 Lithos
Most prospective areas 7 Ceres
occur 0 - 5 km from edge of
fertile granite extensions Ti Tree SOUTH
(Thirty Three Supersuite).
10 x LCT target areas
>300 mapped pegmatites
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Figure 1. Ti Tree project map. Neighbouring Delta Lithium’s Yinnietharra tenure also shown.

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Figure 2. Drilling underway at Morpheus prospect area

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Planned Next Phases of Drilling at Ti Tree South

Table 1. Planned next phases of drilling across Ti Tree South - E09/2503 (granted), E09/2470 (pending)

Prospect	Drill Phase	Planned Start	Purpose	Planned Drilling (m)	Max Depth (m)
Andrada α	3	August 2023	Follow-up to phase 1 / 2. →Find bounding lithological contacts at existing thick pegs. →Test additional LCT targets	750 1,250	250
Andrada β	3	August 2023			250
Morpheus	3	August 2023	Maiden exploration / reconnaissance drilling	750	200
Lewis	3	August 2023	Maiden exploration / reconnaissance drilling	750	200
Akira	3	August / October 2023	Maiden exploration / reconnaissance drilling	750	200
Trinity	4	TBC (prelim. Q4 2023)	Maiden exploration / reconnaissance drilling	1,500	250
Lithos	4	TBC (prelim. Q4 2023)	Maiden exploration / reconnaissance drilling	1,500	250

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Stanley
Yinnietharra 1,500m planned drilling
(Malinda) (DLI) Target Depth: ~150-250m VSR Tenement
LCT Prospect
JBG Lithos GEOLOGY
Thirty-Three Supersuite Granite
Schist / Sediments
Mafic Intrusions
Lewis
E09/2503
(granted) 750m planned drilling
Target Depth: ~200m Morpheus
Johan 750m planned drilling E09/2470
Target Depth: ~200m (application)
Trinity
1,500m planned drilling
Target Depth: ~150-250m
Andrada a
Andrada b Akira
750m planned drilling 1,250m planned drilling 750m planned drilling
Target Depth: 150 – 250m Target Depth: 150 – 250m Target Depth: ~200m
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Figure 3. Ti Tree (South) regional prospects with planned phase 3 & 4 drill programs outlined.

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Davy
Bunsen E09/2522
(application)
VSR Tenement
Vera
LCT Prospect
GEOLOGY
Thirty-Three Supersuite Granite
Schist / Sediments
Mafic Intrusions
Peace
August
Grace
Yinnietharra
Yinnietharra (Malinda) (DLI)
Jameson Prospect
(DLI) April
Tantalus
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Figure 4. Ti Tree (North) regional prospects

Upcoming Milestones at Ti Tree Project

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Q3 2023 Q4 2023 Q1 2024
Deeper
Drilling
@ Andrada
Maiden @ Morpheus Potential
Regional heritage
mapping Update Survey TTN XMAS
Soil Surveys
@Morpheus@Akira MUSTERING Drilling results Drilling results
Jan
2024
1/9 1/10 1/11 1/12 1/1 1/2 1/3
Aug
Feb
Aug-232023Remaining Reconnaissance Soil Surveys & More Drilling TTS at Potential granting of TTN Ti Tree North Drilling at Mar-242024
Phase 1 Ti Tree North
Assays
Photogrammetry Aeromag &
Survey radiometrics
TTS & TTN
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Figure 5. Three (3) quarter lookahead at Ti Tree.

Release authorised by the Board of Voltaic Strategic Resources Ltd.

For more information, please contact:

MICHAEL WALSHE Chief Executive Officer Phone: +61 8 6245 9821 michael.walshe@voltaicresources.com

GARETH QUINN Media and Investor Relations Phone +61 417 711 108 gareth@republicpr.com.au

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Competent Person Statement

The information in this announcement related to Exploration Results is based on and fairly represents information compiled by Mr Claudio Sheriff-Zegers. Mr Sheriff-Zegers is employed as an Exploration Manager for Voltaic Strategic Resources Ltd and is a member of the Australasian Institute of Mining and Metallurgy. He has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. He consents to the inclusion in this announcement of the matters based on information in the form and context in which they appear.

Forward-Looking Statements

This announcement may contain forward-looking statements involving several risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update statements if these beliefs, opinions, and estimates should change or to reflect other future development. Furthermore, this announcement contains forward-looking statements which may be identified by words such as “prospective”, "potential", "believes", "estimates", "expects', "intends", "may", "will", "would", "could", or "should" and other similar words that involve risks and uncertainties. These statements are based on several assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forwardlooking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. These and other factors could cause actual results to differ materially from those expressed in any forward-looking statements. The Company cannot and does not give assurances that the results, performance, or achievements expressed or implied in the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.

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About Voltaic Strategic Resources

Voltaic Strategic Resources Limited explore for the next generation of mines that will produce the metals required for a cleaner, more sustainable future where transport is fully electrified, and renewable energy represents a greater share of the global energy mix.

The company has a strategically located critical metals portfolio led by lithium, rare earths, base metals, and gold across two of the world’s most established mining jurisdictions: Western Australia & Nevada, USA.

Voltaic is led by an accomplished corporate and technical team with extensive experience in REEs, lithium and other critical minerals, and a strong skillset in both geology and processing / metallurgy.

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Gascoyne Region Meekatharra Region Western Australia Western Australia

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Stillwater Range
Nevada, USA
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• Emerging critical minerals province (REE, Li, Ni-Cu-Co-PGE).

• Active neighbours in the region.

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• Established gold district with two vanadium development projects.

• Active neighbours in the region.

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• Ni-Cu-Co project containing formerly producing Co mine.

• Global Energy Metals adjacent.

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