Regional Scale Lithium In Brines Geophysical Survey Commences At Bitterwasser Project

HIGHLIGHTS

• Regional scale Helicopter-borne Geophysical Survey to be commenced at the Bitterwasser Lithium in Brines Project
  
• New Resolution Geophysics (NRG), a specialist airborne geophysical operator, to fly Electromagnetic Survey over large portions of the Bitterwasser Lithium Project
• Purpose of the survey is to identify possible lithium-rich brine layers at depth and targets associated with tectonic source structures within the Bitterwasser Basin
• If successful, a drilling program will be planned over the best targets
• An initial 2,000 line-kilometres will be flown, with a second phase being a possibility depending on the results attained

If successful, a drilling program will be planned over the best targets.

The prospective electrical EC anomaly¹ below the Eden Pan where the Bitterwasser Clay Mineral Resource is situated, is strongly indicative of brine activity at depth of around 50 meters but remains to be tested. The anomaly has confirmed that an Electro Conductive survey method is an efficient geological tool to identify brine pools for follow up targeted drilling.

All authorisations and permissions have been granted, following a comprehensive consultation process with communities in the Bitterwasser area.

It is expected that a minimum of 2,000 line-kilometres will be flown and that the survey will be able to penetrate to a depth of 300 meters, which is well within the reach of the inferred basement of the Bitterwasser Half-Graben basin².