Thick High Grade Spodumene From Surface At Root Lithium Project

HIGHLIGHTS

• Inaugural Phase 1 diamond drilling at McCombe (Root Project) has intersected thick and continuous high grade spodumene pegmatites from surface
• Assays have been received for the first 9 holes from the Phase 1 diamond drilling including:
  • RL-22-001 for 12.4m @ 1.77% Li2O from 11.8m
  • RL-22-002 for 15.3m @ 1.20% Li2O from 42.2m (incl. 10.8 @ 1.65% Li2O)
  • RL-22-003 for 11.5m @ 2.03% Li2O from 72.0m
  • RL-22-006 for 9.5m @ 1.54% Li2O from 21.7m
  • RL-22-007 for 9.8m @ 1.51% Li2O from 64.9m (incl. 8.0m @ 1.81% Li2O)
  • RL-22-008 for 8.8m @ 1.80% Li2O from 71.5m (incl. 8.0m @ 1.94% Li2O)
• 19 holes have been drilled to date, all intersecting spodumene bearing pegmatites
• Two diamond drill rigs are now operating 24/7 and due to drill success, the initial program will be expanded along strike and down dip
• All-weather 20-person camp now fully operational with plans to expand
• Mapping at Root has identified new untested spodumene pegmatites along strike
• Stage 1 Archaeology Assessment, desktop and physical inspection in progress at Root

“Because Root hasn’t been properly explored since 1950, substantial opportunity exists to undertake systematic and modern exploration of this tenure. These initial assay results and intercept thicknesses from McCombe are outstanding, and together with mapping of new untested pegmatites, clearly justify the ramping up of our drilling and broader activities at Root over the coming months.”

- GT1 Chief Executive Officer, Luke Cox

McCombe (Root Project)

The McCombe LCT (Lithium-Caesium-Tantalum) pegmatite is currently the most advanced prospect at the Root Project. Historical drilling completed by previous owners in 2016 saw six holes drilled, which intersected numerous pegmatites, generally dipping to the south and striking east-west. This drilling confirmed 1950 historical drill results and demonstrated the down dip continuity of the lithium mineralisation, including a key extensional intercept of 67m @ 1.75% Li2O (see GT1 ASX release dated 8 November 2021, Prospectus).

Maiden GT1 drilling at McCombe

Diamond drilling commenced in September 2022 initially with just one drill rig operating 24/7 on the Phase 1 drilling program. Drilling was temporarily suspended for 2 weeks in October to allow First Nation traditional hunting activities to proceed without any interference. The consideration of stakeholder’s traditional activities is a key part of GT1’s Early Exploration Agreement commitment to the local indigenous groups and safety commitment to the GT1 team. Drilling has now resumed with two diamond drill rigs operating on a 24/7 basis nearing completion of this 22-hole, 2,500m Phase 1 program.

• Of nineteen holes drilled to date, all holes have intersected spodumene bearing pegmatite and nine holes have assay results returned (see Figures 3 and 4, and Table 1).
  
• Initial interpretation of just two drill fence lines show the pegmatite dipping shallowly to the south and striking east-west.
  
• The pegmatite has considerable thickness from surface and continuous high grade, correlating well with historical drilling.

Click here for the full ASX release

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