Lithium Universe

Quarterly Activities/Appendix 5B Cash Flow Report

Lithium Universe Limited (“Lithium Universe”, the “Company” or ASX: “LU7”) is pleased to present its Quarterly Report and Cash Flow Report.


HIGHLIGHTS

Lithium Universe Commences Trading on the ASX

  • Lithium Universe Limited successfully lists on the ASX
  • Oversubscribed Public Offer of A$4.5m completed
  • Strong support from existing and new strategic investors
  • Iggy Tan leads Lithium Dream Team assembled to execute technical strategy
  • Board and Executive Management hold strong project- building expertise
Apollo Exploration Strategy Using AI Technology
  • Use of Artificial Intelligence (AI) in developing the exploration strategy
  • Partnered with KorrAI Technologies Limited in Canada
  • Enhanced field exploration practices, optimised time spent and cost in the field
  • Predictive AI previously trained and field tested in James Bay
  • Three phases of expedited exploration strategy at Apollo Lithium Project

LU7 Lithium Inventory and Opportunities in Canada and Australia

  • Significant Lithium opportunities in Tier 1 mining jurisdictions
  • Canadian projects located in the highly prospective James Bay and Red Lake districts
  • Australian projects proximal to operating projects and new mineral discoveries
  • Exploration plans on all projects ready to execute

Greenbushes Veteran Patrick Scallan OAM Appointed to LU7 Board

  • Appointment of Mr Patrick Scallan OAM as Non-Executive Director
  • Veteran of world-class Greenbushes Mine
  • 25 years experience in spodumene hard rock exploration and mining
  • Extensive spodumene concentrating experience
  • Oversaw the Greenbushes expansions from 200,000 to 1,400,000 tpa

Appointment of Lithium Expert – Dr Jingyuan Liu to LU7 Board

  • Key appointment of Dr Jingyuan Liu as Non-Executive Director
  • Pre-eminent technical expert in the lithium industry
  • Former GM Development and Technologies with Galaxy Resources Limited
  • Intimate construction and operating experience of Jiangsu Lithium Carbonate Plant

Exploration Commences at Apollo Lithium Project

  • Immediate commencement of exploration work at flagship Apollo Lithium Project
  • Partnered with Laurentia Exploration Inc - a highly reputable exploration Co
  • An intensive pre-work program completed including permitting
  • High-resolution Airborne Magnetic Survey completed
  • Litho-structural analysis completed
  • Ground-based Micro-Gravity survey completed at NW of Apollo
  • Soil sampling program completed in NW of Apollo
  • Priority targets for future drilling campaigns identified

Click here for the full ASX Release

This article includes content from Lithium Universe Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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