Assays confirm high-grade near-surface lithium at Cade and Davy

Outstanding assays including 23.7m @ 1.26% Li2O from 3.6m (PDD599) in the Cade deposit and 31.95m @ 1.24% Li2O from 45.4m (PDD601) in the Davy deposit




HIGHLIGHTS

  • Cade Deposit assay results include:

  • 19.2m @ 1.44% Li2O from 15m (PDD596) •

  • 9.6m @ 1.42% Li2O from 14.4m (PDD598)

  • 23.7m @ 1.26% Li2O from 3.6m (PDD599)

  • 18.9m @ 1.24% Li2O from 21.1m (PDD600)

  • 14.7m @ 0.90% Li2O from 11.6m (PDD595)

  • Davy Deposit assay results include:

  • 31.95m @ 1.24% Li2O from 45.4m (PDD601)

  • 17m @ 1.32% Li2O from 97.1m (PDD605)

  • 18.7m @ 1.05% Li2O from 17m (PDD603)

  • 11.1m @ 1.70% Li2O from 99.2m (PDD604)

  • The diamond drilling (DD) programme undertaken in the March quarter consisted of six holes drilled into the first ~40m from surface of the Cade Deposit and seven holes drilled into the Davy Deposit for a total of 909m of drilling.

  • Three composite samples will now be selected to represent the upper zone of the Cade deposit, the upper zone of the Davy deposit and the fresh rock zone of the Davy deposit for metallurgical test work. This will complement the successful test work already completed on the fresh rock zone of the Cade deposit. The test work is expected to be completed in early September.

Essential Metals Managing Director, Tim Spencer, said: “We were confident that the near-surface up plunge zones contained lithium-bearing spodumene and we are very pleased that the assays have confirmed the relatively high-grade tenor and substantial widths of mineralisation across the top ~40 metres of the Cade and Davy deposits. Metallurgical test work is the next important step to confirm that the recoverability of lithium from this near-surface material is similar to the previous successful recoveries obtained from the Cade deposit (fresh rock zone), further enhancing the potential economics of the Dome North lithium Resource.”