Advancing the Pioneer Dome Lithium Project to ‘development ready’ status in parallel with new...

Strategic lithium asset being prepared for the transition to development, with a new phase of exploration also planned



HIGHLIGHTS


  • Initial steps are being taken to transition the Dome North Resource area to a ‘development ready’ status. These steps include:

o An application for a Mining Lease over the Dome North Mineral Resource;

o a capital and operating cost study for two process plant scenarios;

o a flora and fauna study; and

o a hydrology study.

  • Two drilling programmes are also being planned for the December Quarter with the following objectives:

o Dome North: Shallow diamond core drilling into the upper zones of the

Cade and Davy Deposits to upgrade them from Inferred to Indicated

categories and provide samples for metallurgical test work; and\

o South Dome: Air-core drilling to test various targets in the southern area

of the Pioneer Dome Project.

  • Assay results from the recent Dome North drill programme are now expected in the first half of October. While this drilling does not appear to have identified a new, large lithium-mineralised pegmatite, the results will be important for further targeting of pegmatites in and around the Dome North Resource, which is still very much under-explored.