Flynn Gold Limited (“FG1” or “Flynn Gold”) (ASX: FG1) is pleased to announce that assay results from first-pass soil sampling completed in late 2023 have identified a large, high priority lithium target at its 100% owned Lake Johnston Lithium Project in Western Australia.

Highlights

• Soil sampling outlines a large, high priority lithium anomaly at Flynn Gold’s Lake Johnston Project in Western Australia
• Priority Target 1 presents as a large scale (4km x 1km), strong anomaly with twenty-three samples returning assay results over 100ppm Li₂O
• Anomaly remains open to the south and covers lithologies considered favourable to host pegmatites
• Priority Target 1 anomaly supported by geology and pathfinder element geochemistry
• Additional lithium targets identified near recently mapped pegmatites
• Planning underway for follow-up infill and extensional soil program

The target is located 11km southeast of the Burmeister¹ lithium pegmatite discovery held by TG Metals Limited (ASX:TG6) and just 5km southeast of the Mt Gordon Prospect² held by Charger Metals NL (ASX:CHR) (see Figures 1 and 2).

Pegmatites were identified at the project³ on E63/2190 during an initial reconnaissance field trip in 2023. This soil sampling program was designed to provide first-pass geochemical coverage over this main trend.

Managing Director and CEO, Neil Marston commented,

“We are very pleased to report outstanding assay results from our first soil program at Lake Johnston, which is rapidly emerging as WA’s newest lithium hotspot.

“Flynn has outlined a 4km-long strong lithium soil anomaly, along strike from the recent high-grade lithium discoveries at the nearby Burmeister, Jaegermeister and Mt Gordon prospects. This anomaly extends to the limit of the sampled area and has potential to be extended to the south by further sampling.

“Over the last few months, Flynn has successfully outlined significant lithium soil anomalies at its Western Australian lithium projects. The company’s Lake Johnston and Parker Dome projects in the Yilgarn region and Mt Dove project in the Pilbara are all well located near existing lithium deposits or operating mines.

“Flynn will now systematically advance these targets at Lake Johnston with value-adding, low-cost infill and extensional soil sampling and geological mapping.”

Figure 1 - Location of Flynn’s Lake Johnston project, other explorers’ holdings and new soil lithium targets

Lake Johnston Soil Sampling Program

The results from a soil geochemistry program at the Lake Johnston project have been received and have outlined three substantial lithium soil anomalies, including one large-scale (4km x 1km), high priority, lithium anomaly with supporting associated pathfinder geochemistry (Priority Target 1, Figure 2). Priority Target 1 occurs in an area of shallow transported sheetwash alluvium overlying a thick sequence of high-magnesium and tholeiitic basalts, lithologies considered favourable to host pegmatites.

Flynn’s exploration licences at Lake Johnston were granted in July 2023 and during an initial reconnaissance field trip, three previously unmapped pegmatite outcrops⁴ were successfully identified on E63/2190. In addition to the Priority Target 1, the soil sampling program has subsequently outlined a 2km long by 400m wide lithium anomaly (Target 2) in the vicinity of the mapped pegmatites (Figure 2).

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