Pioneer Dome Lithium Project – Drilling and Development Activities Update

9,000m extensional drill programme underway




KEY POINTS

  • A 9,000m resource extension drilling programme commenced in mid-May with four RC pre-collars completed to date and the diamond rig expected on site in June.

  • Assays from the exploration and metallurgical diamond drill programme1 completed in the March Quarter are now expected by mid-June (previously end May) with metallurgical test work to commence upon the receipt of assays. The test work is expected to take 12 weeks.

  • These two key work programmes will underpin an update and likely expansion of the lithium Mineral Resource Estimate (MRE) for Pioneer Dome and the commencement of a Scoping Study in the December Quarter.

  • Heritage, environmental and technical studies required to support a Mining Lease application are also underway to fast track the potential development of the project.