REG - Atlantic Lithium Ltd - Spodumene Pegmatite Discovered in Côte d’Ivoire
22/05/2025 07:00
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RNS Number : 6908J Atlantic Lithium Limited 22 May 2025
22 May 2025
Spodumene Pegmatite Discovered at Agboville and Rubino Licences,
Côte d'Ivoire
Significant lithium-in-soil anomalies also delineated within the Rubino
licence from Phase 2 soil sampling
Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF,
"Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration
and development company targeting the delivery of Ghana's first lithium mine,
is pleased to announce the discovery of spodumene pegmatite in outcrop and
float in the Agboville and Rubino exploration licences in Côte d'Ivoire,
which are 100%-owned by the Company's wholly-owned subsidiary Khaleesi
Resources SARL, and the delineation of significant lithium-in-soil anomalies
from soil sampling completed within the Rubino licence.
Highlights
- High-grade lithium assays up to 1.25% Li(2)O% returned from
rock-chip sampling completed at the Company's Agboville and Rubino licences in
Côte d'Ivoire, 100% held by the Company's wholly-owned subsidiary, Khaleesi
Resources SARL.
- Assay results from outcrop and float confirm the Company's visual
spodumene observations and demonstrate the significant prospectivity of the
two licences.
- Impressive results also returned from the Phase 2 soil sampling
programme completed at the Rubino licence, which have identified pronounced
lithium anomalies over a 2.5km by 2.0km area; lithium-in-soil anomalies remain
open towards the northeast, where the Company awaits results of the Phase 3
soil sampling programme.
- The two, contiguous licences are situated within the same broad
geological setting which hosts the Company's flagship Ewoyaa Lithium Project
("Ewoyaa" or the "Project") in Ghana and other spodumene pegmatite deposits in
Mali.
- The low-cost exploration programmes underway in Côte d'Ivoire
extend the Company's lithium exploration activities beyond Ghana for the first
time.
- The Company will apply its proven ability to explore, discover and
evaluate lithium deposits in tropical weathering environments, as demonstrated
at Ewoyaa, to its licences in Côte d'Ivoire.
- Exploration of the Côte d'Ivoire licences to run concurrently to
the advancement of Ewoyaa; intended to support the Company's broader spodumene
production ambitions in Africa.
Commenting, Keith Muller, Chief Executive Officer of Atlantic Lithium, said:
"The discovery of spodumene pegmatite at both of the Company's Agboville and
Rubino licences represents a momentous occasion for Atlantic Lithium's first
low-cost exploration campaign in Côte d'Ivoire.
"High-grade assay results returned from the rock-chip sampling programme
undertaken across both licences confirm visual spodumene observations made
during mapping, clearly demonstrating the significant prospectivity of the
Company's tenure.
"In addition, results received from the Phase 2 soil sampling programme
completed at Rubino indicate pronounced lithium-in-soil anomalies over a 2.5km
by 2.0km area within the licence. The anomalies remain open to the northeast,
and the Company eagerly awaits results from the now-completed Phase 3
programme.
"Having been granted the licences in May 2024, the programmes at Agboville and
Rubino extend the Company's lithium exploration activities beyond neighbouring
Ghana, where the Company is advancing its flagship Ewoyaa Lithium Project
through the permitting phase to become one of the next globally-significant
spodumene mines.
"These encouraging results mark an exciting milestone for Atlantic Lithium's
exploration efforts in Côte d'Ivoire, where the Company aims to discover
Africa's next major lithium deposit.
"While our primary focus remains firmly on progressing Ewoyaa towards a Final
Investment Decision, we believe the Agboville and Rubino licences, which are
100%-owned through the Company's wholly-owned subsidiary, Khaleesi Resources
SARL, represent an attractive opportunity for value creation through low-cost
exploration and strategic diversification into multiple jurisdictions.
"The Company intends to leverage the substantial expertise gained from lithium
exploration, discovery and evaluation at Ewoyaa to advance its licences in
Côte d'Ivoire, supporting its longer-term spodumene production ambitions in
Africa.
"We look forward to providing further updates in due course."
Figures and Tables referred to in this release can be viewed in the PDF
version available via this link:
http://www.rns-pdf.londonstockexchange.com/rns/6908J_1-2025-5-21.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6908J_1-2025-5-21.pdf)
Authorised for release by Amanda Harsas, Finance Director and Company
Secretary, Atlantic Lithium Limited.
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.
Agboville and Rubino Exploration Licences
Location
The Agboville Permis de Recherche (exploration licence - PR 0694) covers an
area of 397km(2) and is located in the departments of Agboville and Adzope in
Côte d'Ivoire, while the adjacent Rubino Permis de Recherche (PR 0695) covers
an area of 374km(2) in the department of Agboville (refer Figure 1). Both
licences were granted in May 2024 and are 100%-owned by the Company's
wholly-owned Ivorian subsidiary, Khaleesi Resources SARL.
Figure 1: Map of the Company's tenure in Côte d'Ivoire and Ghana,
with the Ewoyaa Lithium Project (located in Mankessim, Ghana) outlined in red.
Mapping and rock-chip sampling
Geological mapping by the Company's geologists, along reconnaissance traverses
and in support of soil sampling, have discovered a number of spodumene
pegmatite occurrences in both of the Agboville and Rubino licences as rock
float and a single rare outcrop, with spodumene visually observed in hand
specimen despite varying degrees of weathering exhibited. These initial
mapping traverses were part of the first pass geological appraisal of priority
areas over which historical government data suggest lithium-caesium-tantalum
(LCT) pegmatite could occur.
Rock-chip samples were collected during mapping at several locations where
pegmatite was encountered and submitted for assay. The elevated assay values
of lithium and other elements, above 0.2% Li(2)O and up to 1.25% Li(2)O, from
these pegmatite rock-chip samples confirm the Company's visual spodumene
observations and the prospectivity of the licences (refer Figure 2 and Table
1). Not all pegmatite samples sent for assay returned anomalous assay results.
In some cases, anomalous lithium and caesium assays returned from first-pass
reconnaissance mapping resulted in the discovery of spodumene pegmatite float
when geologists re-visited the sample site to ground truth the anomalous assay
results. Spodumene has a propensity to degrade in the tropical weathering
environment with the lithium leaching out of the mineral even in weak to
moderately weathered pegmatite, so weathered visually observed spodumene will
not always have corresponding high lithium values in rock-chip assay results.
Caesium is of interest as it can be used as an indicator element in LCT
pegmatite exploration and the caesium mineral pollucite can be produced in
commercial quantities in certain LCT pegmatites.
Figure 2: Map showing spodumene pegmatite discoveries within the
Agboville and Rubino licences with associated lithia and caesium (Cs) values
from rock-chip assays. Extent of recent Phase 2 and 3 soil sampling grids are
also shown.
Table 1: Highlight rock-chip assay results (values > 0.2
Li(2)O%) from the Agboville and Rubino licences. Results < 0.2 Li(2)O%
included in Appendix 1 and a geological map of the licences with rock-chip
sample locations marked included in Appendix 2.
Sample ID Permit ID Easting Northing Be_ppm Cs_ppm Ga_ppm Hf_ppm K_pct Li_ppm Li2O_% Nb_ppm Sn_ppm Ta_ppm
100167 Agboville 368394 659232 74.93 15057 16.29 5.99 1.29 1089.3 0.23 28.01 0.3 84.3
100192 Agboville 376032 666754 58.64 87.54 27.38 1.09 6.37 2322.4 0.5 47.9 0.4 17.93
110009 Rubino 357144 666431 118.22 64.19 32.24 1.62 2.39 5378 1.16 92.88 0.2 60.97
110018 Rubino 356290 665305 128.15 92.13 20.12 2.13 3.24 1148.2 0.25 53.59 0.05 36.2
110024 Agboville 368380 659213 193.86 5388 20.69 3.94 2.26 5810 1.25 17.44 0.6 78.38
110032 Rubino 356506 665644 216.79 92.8 26.44 1.12 4.03 4556.7 0.98 53.64 0.2 31.41
RUB00002 PR-695 356304 665338 133.15 90.65 26.61 3.06 3.68 3114.7 0.67 40.06 0.3 33.57
NOTE: Grid references reported in projection UTM, WGS84, Zone 30N.
Figure 3: Photographs of spodumene pegmatite hand specimens
discovered in the Rubino exploration licence by the Company's geologists. a)
Sample 110009 - Weathered surface of spodumene pegmatite float with spodumene
crystals 10mm to 50mm in length (outlined in red), estimated to be 10-15% of
the surface area of the rock sample. b) Sample 110009 - Broken surface of
weathered spodumene pegmatite with spodumene crystals 10mm to 60mm in length
(outlined in red), estimated to form 10-15% of the rock sample. c) Sample
110018 - Moderate to strongly weathered spodumene pegmatite with individual
spodumene crystals 10mm to 30mm in length (outlined in red), estimated to form
15-20% of the rock sample. d) Sample 110032 (Petrography sample 110025 - see
below) - Spodumene pegmatite with pink-brown coloured spodumene crystals
ranging in length from 2mm to 15mm (outlined in red), estimated to form 25-30%
of the rock sample.
NOTE: Visual estimates of mineral abundance should never be considered a proxy
or substitute for laboratory analyses where concentrations or grades are the
factor of principal economic interest. Visual estimates also potentially
provide no information regarding impurities or deleterious physical properties
relevant to valuations.
One spodumene pegmatite float sample (Sample 110025, refer Figure 3d) from the
Rubino licence was sent to PetroStrat in the United Kingdom for thin section
preparation and description to confirm the visual observation of spodumene in
hand specimen and to identify any other lithium-bearing mineral phases
present. The petrographic report on this single sample confirmed the field
observation of spodumene and that it is the only significant lithium-bearing
mineral present (lepidolite recorded as trace) in the thin section. Other
lithium-bearing mineral phases could be present in other samples and areas of
the permits and detailed mineralogy will be determined during later stages of
the exploration programme.
Figure 4: Petrographic summary of spodumene pegmatite sample
110025 from the Rubino licence by PetroStrat (UK) confirming the field visual
observation of spodumene. A photograph of this rock sample is shown in Figure
3d.
Soil Sampling
Soil geochemical sampling was undertaken using 100m by 100m spaced grid over
the most prospective areas identified by mapping and rock-chip sampling
completed by the Company and also over historical mineral occurrences in both
the Rubino and Agboville licence areas. The soil sampling was completed in two
sampling phases in each tenement; Phase 2 consisting of 3,235 sample sites
(1,594 sites sampled at Agboville and 1,641 sites sampled at Rubino) and Phase
3 consisting of 1,440 sample sites (442 sites sampled at Agboville and 1,018
sites sampled at Rubino), the extent of which are shown in Figure 2. The Phase
1 soil sampling programme was a baseline soil programme undertaken along
selected sections during reconnaissance mapping, where different sample depths
and sieve fractions were tested and the results of which help set the best
parameters for subsequent grid soil programmes.
Only the Rubino Phase 2 soil results have been received to date and the
lithium-in-soil values clearly delineate pronounced anomalies (refer Figure 5)
extending over a 2.5km by 2.0km area where anomalous lithium values between
210ppm and a peak value of 806ppm define the most significant anomalies (refer
Appendix 3 for results with values greater than background at 85 ppm; values
less than 85ppm lithium are not considered anomalous and are the soil
geochemical response associated with the regional country rocks that host the
pegmatite intrusives). These lithium anomalies have distinct geometries, with
a particularly pronounced 2.5km-long linear cluster of anomalies whose NE-SW
orientation follow interpreted local geological contacts between granodiorite
and metasediments and also the prominent regional tectonic trend in this part
of the Birimian. There is a close spatial relationship between the pronounced
linear lithium-in-soil anomalies and the location of spodumene pegmatite float
and outcrop discovered in the Rubino licence. These lithium-in-soil anomalies
remain open towards the northeast, where the Company awaits results of the
Rubino Phase 3 soil sampling.
Figure 5: Rubino Phase 2 Li (ppm) in soil grid results with
spodumene pegmatite discovery sites and associated rock-chip lithia assays.
Next Steps
Additional mapping will be undertaken in the process of evaluating the
anomalies identified by the Rubino Phase 2 soil results. Once all the Phase 2
and 3 soil results are received, surface mapping and follow-up auger drill
programmes will be planned to map the source of the anomalies below the
laterite at surface, with the ultimate goal to define potential reverse
circulation and diamond drill targets. Extending the soil sampling with Phase
4 towards the north and over other prospective areas will also be planned.
Strategic Location
The town of Agboville is situated only 80km north of Abidjan, the port and
commercial capital of Côte d'Ivoire, and the two licences are well-serviced
with existing infrastructure, including excellent paved highways and an
operating railway linking Burkina Faso's capital city of Ouagadougou and the
port of Abidjan (refer Figure 6 and 7).
Figure 6: Location of the Agboville and Rubino licences held by
the Company's wholly-owned subsidiary Khaleesi Resources SARL in Côte
d'Ivoire and existing operational infrastructure.
Figure 7: Paved Agboville-Abidjan highway which connects the two
licences to the port city of Abidjan.
Geology and Historical Exploration
The two licence areas are underlain by Birimian-aged metasediments intruded by
granitic rocks of Eburnean age; the same broad geological setting which hosts
the Company's Ewoyaa Lithium Project in Ghana (refer Figure 1) and other
spodumene pegmatite deposits in Mali.
Historical geological mapping and a mineral occurrence survey undertaken
during the early 1960s by Ivoirian government entity SODEMI identified
spodumene in the area of the licences, along with LCT pegmatite-associated
minerals beryl, tantalum and columbite, denoting the area as one of only two
sites where spodumene had been recorded in Côte d'Ivoire (refer Figure 8).
This provided the impetus for the Company to apply for the licences in 2016.
Both licences were issued in May 2024.
Both tenement areas are characterised by gently undulating topography with
thick tropical vegetation dominated by crop cultivation such as rubber, cacao,
oil palm and teak plantations interspersed with food crops of rice, plantain,
maize, casava, sweet potato, tomatoes, egg plant and chilli pepper. Deep
tropical weathering is prevalent throughout the exploration licences and rock
outcrops are rare and invariably of younger granitoid intrusives if
encountered.
Figure 8: Historical government geological mapping of the
Agboville area (Source: Ministère des Mines et de l'Energie - Direction des
Mines et de la Géologie, 1992-1995, Scale: 1;200,000) modified to show
mineral occurrences and limits of the Agboville and Rubino licences.
JORC Table 1, Section 1 (Sampling Techniques and Data) and Section 2
(Reporting of Exploration Results) are included in Appendix 4.
Competent Persons
Information in this announcement relating to the exploration results is based
on data reviewed by Mr I. Iwan Williams (BSc. Hons Geology), General Manager -
Exploration of the Company and reported in accordance with the Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(The Joint Ore Reserves Committee Code - JORC 2012 Edition). Mr Williams is a
Member of the Australian Institute of Geoscientists (#9088) who has in excess
of 30 years' experience in mineral exploration and is a Qualified Person under
the AIM Rules and as a Competent Person as defined in the JORC Code. Mr
Williams consents to the inclusion of the information in the form and context
in which it appears.
For any further information, please contact:
Atlantic Lithium Limited
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
www.atlanticlithium.com.au
IR@atlanticlithium.com.au
Tel: +61 2 8072 0640
SP Angel Corporate Finance LLP Yellow Jersey PR Limited Canaccord Genuity Limited
Nominated Adviser Charles Goodwin Financial Adviser:
Jeff Keating Bessie Elliot Raj Khatri (UK) /
atlantic@yellowjerseypr.com (mailto:atlantic@yellowjerseypr.com)
Charlie Bouverat
Duncan St John, Christian Calabrese (Australia)
Tel: +44 (0)20 3004 9512
Tel: +44 (0)20 3470 0470
Corporate Broking:
James Asensio
Tel: +44 (0) 20 7523 4500
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)
Atlantic Lithium is an AIM, ASX, GSE and OTCQX-listed lithium company
advancing its flagship project, the Ewoyaa Lithium Project, a significant
lithium spodumene pegmatite discovery in Ghana, through to production to
become the country's first lithium-producing mine.
The Project was awarded a Mining Lease in October 2023, an Environmental
Protection Authority ("EPA") Permit in September 2024, and a Mine Operating
Permit in October 2024 and is being developed under an earn-in agreement with
Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
771km(2) of granted and under-application tenure across Ghana and Côte
d'Ivoire respectively, which, in addition to the Project, comprises
significantly under-explored, highly prospective licences.
APPENDIX 1
Rock-chip assay results from the Agboville and Rubino licences.
Sample ID Permit ID Easting Northing Be_ppm Cs_ppm Ga_ppm Hf_ppm K_pct Li_ppm Li2O_% Nb_ppm Sn_ppm Ta_ppm
100143 Agboville 367879 658729 82.3 37.24 20.74 1.07 5.64 83.3 0.02 6 0.6 1.77
100144 Agboville 375302 657659 2.09 10.24 16.92 1.02 0.40 47.6 0.01 15.01 1.2 1.83
100145 Agboville 368359 658233 3.31 18.28 18.9 1.04 5.44 77.5 0.02 5.51 0.8 0.78
100146 Agboville 368447 658132 1.18 19.9 15.08 0.24 9.41 42.9 0.01 0.7 0.2 0.12
100147 Agboville 367090 658183 4.18 34.5 19.36 1.4 5.89 145.5 0.03 4.88 1 1.1
100148 Agboville 371754 657667 0.93 2.62 17.36 1.04 0.48 58.7 0.01 7.51 1.7 0.7
100149 Agboville 373589 658000 1.01 4.71 23.59 2.09 0.27 44.8 0.01 11.84 1.9 1.52
100150 Agboville 368809 656815 1.81 8.69 21.31 0.77 4.94 102.5 0.02 4.87 0.8 0.59
100151 Agboville 369991 658638 5.56 7.76 23.33 0.93 3.65 79.7 0.02 5.65 0.9 1.28
100152 Agboville 366879 657831 5.41 16.45 28.69 1.6 3.71 114 0.02 6.74 1.2 1.12
100153 Agboville 369659 659024 2.06 20.98 17.99 0.62 6.70 44.6 0.01 1.46 0.4 0.25
100154 Agboville 369804 658582 3.72 9.22 16.53 0.73 3.72 89.7 0.02 4.22 0.8 0.97
100155 Agboville 369730 658740 3.39 9.09 20.39 0.58 4.70 77.8 0.02 6.56 1.3 0.87
100156 Agboville 369704 658755 34.41 31.52 24.27 1.05 2.83 66.9 0.01 10.16 2.2 6.33
100157 Agboville 369688 658750 7.46 7.31 20.21 0.57 1.67 73.4 0.02 5.34 1.1 1.25
100158 Agboville 369645 658774 4.03 14.4 26.63 0.81 2.63 84.8 0.02 12.89 1.7 5.59
100159 Agboville 369608 658787 5.76 11.22 19.69 0.94 3.12 75.8 0.02 4.5 0.8 1.02
100160 Agboville 369598 658797 3.63 9.93 19.4 0.89 5.30 108.4 0.02 5.01 1.1 0.83
100161 Agboville 369588 658820 3.21 18.39 20.55 0.64 5.02 91 0.02 4.51 1.7 0.88
100162 Agboville 369686 659023 4.7 15.3 21.02 1.02 4.61 99.3 0.02 4.25 1.2 0.97
100163 Agboville 369230 659651 1.61 30.32 14.69 0.08 7.95 62.7 0.01 1.49 0.3 0.33
100164 Agboville 369971 659763 3.84 10.9 18.41 1.2 2.23 133.4 0.03 6.27 1.9 1.21
100165 Agboville 369477 658658 2.32 13.45 9.88 0.94 3.69 44.3 0.01 1 0.2 0.14
100166 Agboville 369413 658696 6.47 38.23 15.95 0.68 8.59 64.2 0.01 0.54 0.2 0.32
100167 Agboville 368394 659232 74.93 15057 16.29 5.99 1.29 1089.3 0.23 28.01 0.3 84.3
100168 Agboville 368596 660180 14.82 47.2 18.65 2.25 2.07 169.9 0.04 17.41 0.5 9.78
100169 Agboville 369729 658725 2.66 30.34 15.62 0.33 6.56 74 0.02 2.63 1.1 0.58
100190 Agboville 366856 657703 719.5 95.36 18.49 0.26 8.99 91.9 0.02 1.81 0.3 0.49
100191 Agboville 375232 666917 2.63 9.17 20.56 0.55 5.16 58.1 0.01 3.81 1.2 0.45
100192 Agboville 376032 666754 58.64 87.54 27.38 1.09 6.37 2322.4 0.5 47.9 0.4 17.93
100193 Agboville 381476 669406 3.59 5.35 28.64 0.29 2.79 141.2 0.03 10.01 1.7 1.01
100194 Agboville 369674 661563 7.89 31.73 46.24 0.63 6.20 311.9 0.07 24.89 3 3.37
100195 Agboville 373376 666768 5.88 60.84 27.49 2.07 1.53 481.8 0.1 13.01 0.7 6.37
100196 Agboville 376773 664351 3.71 11.24 19.11 0.27 2.00 102.1 0.02 6.42 3.3 0.82
100197 Agboville 376200 664552 10.14 18.84 16.87 1 3.36 25.6 0.01 10.29 0.9 5.93
100198 Agboville 376974 665939 50.9 23.84 22.61 0.96 5.71 13.8 0 5.68 0.4 2.55
100199 Agboville 378399 668608 3.75 10.55 18.47 0.98 4.06 73.6 0.02 5.35 1.3 0.84
100200 Agboville 368541 659931 2.6 33.67 23.69 0.76 8.03 82.6 0.02 3.5 0.4 0.86
100201 Agboville 369359 659773 29.67 14.97 18.71 0.77 1.00 161 0.03 12.25 2.5 3.49
100202 Agboville 369391 659776 653.64 109.22 61.24 1.4 3.11 473 0.1 47.28 9.7 8.62
100203 Agboville 369318 659826 2.07 6.17 15.49 1.18 0.36 68.8 0.01 5.92 1.2 0.96
110001 Agboville 369991 659616 4.98 17.39 21.92 0.72 5.69 162.1 0.03 8.15 3.5 1.15
110002 Agboville 370143 659748 3.77 15.94 20.27 1.18 3.72 102.1 0.02 8.07 2.5 1.66
110003 Agboville 370812 660625 2.49 18.24 15.02 0.17 8.34 55.6 0.01 1.05 0.4 0.32
110004 Agboville 368971 661227 90.66 62.12 40.5 0.54 1.77 314.3 0.07 39.21 1.4 7.08
110005 Agboville 369935 661342 6.04 15.52 20.91 1.22 2.76 86.5 0.02 5.15 1.6 0.95
110006 Agboville 369469 658867 2.26 30.98 15.01 0.13 6.85 83.1 0.02 3.37 0.8 1.33
110007 Agboville 369467 658867 4.18 10.24 21.88 14.1 0.93 161.4 0.03 6.24 1.9 1.08
110008 Agboville 369962 658683 4.82 7.21 19.71 0.59 2.17 115.7 0.02 4.75 1.7 0.72
110009 Rubino 357144 666431 118.22 64.19 32.24 1.62 2.39 5378 1.16 92.88 0.2 60.97
110010 Rubino 356401 666077 6.67 163.52 40.69 1.37 4.14 846.4 0.18 27.23 0.8 13.83
110016 Rubino 356980 666075 16.23 383.97 161.21 0.025 8.42 506.1 0.11 103.54 1.5 46.31
110017 Rubino 356326 665522 6.25 25.64 29.96 2.64 3.05 349.3 0.08 13.07 1.1 1.79
110018 Rubino 356290 665305 128.15 92.13 20.12 2.13 3.24 1148.2 0.25 53.59 0.05 36.2
110020 Rubino 357300 664769 4.7 18.55 27.97 3.29 3.94 157.1 0.03 4.59 1.8 1.13
110021 Rubino 356317 665526 6.8 43.07 28.38 1.38 3.28 193.3 0.04 11.92 0.5 2.81
110023 Agboville 361799 661458 1.84 6.9 48.2 4.96 7.24 42 0.01 11.54 2.9 0.82
110024 Agboville 368380 659213 193.86 5388 20.69 3.94 2.26 5810 1.25 17.44 0.6 78.38
110026 Rubino 359179 666693 0.36 4.3 0.39 0.025 0.02 19.4 0 0.15 0.05 0.07
110027 Rubino 359635 666610 70.45 93.48 26.83 2.48 3.38 79 0.02 36.29 0.2 36.85
110028 Rubino 359555 666626 21.78 37.74 33.43 2.5 3.72 222.3 0.05 21.08 0.7 6.67
110029 Rubino 359440 666274 0.28 0.89 0.34 0.025 0.02 22.3 0 0.16 0.05 0.06
110030 Rubino 359803 666559 51.91 106.62 27.41 3.9 3.49 411.3 0.09 17.72 1.1 15.23
110032 Rubino 356506 665644 216.79 92.8 26.44 1.12 4.03 4556.7 0.98 53.64 0.2 31.41
110033 Rubino 359334 667561 9.22 36.51 26.75 1.79 3.09 172.6 0.04 8.07 0.5 1.78
110034 Rubino 360038 667699 2.68 0.44 21.22 2.32 0.02 109.7 0.02 0.45 0.3 0.1
110035 Rubino 359824 668783 2.22 15.2 14.01 0.025 0.89 135 0.03 14.78 0.2 6.8
110036 Rubino 359830 668790 1.29 6.61 7.03 0.025 0.44 77.4 0.02 7.09 0.2 3.38
110037 Rubino 359841 668594 0.78 10.75 4.22 0.025 0.25 84.5 0.02 4.95 0.2 2.66
110038 Rubino 359442 667108 7.57 33.86 24.94 2.02 3.26 247.5 0.05 9.84 0.4 3.01
110039 Rubino 359493 667123 151.12 120.25 28.91 2.44 4.06 127.1 0.03 34.92 0.2 42.6
110040 Rubino 359493 667128 47.9 173.2 24.34 1.67 3.62 219.5 0.05 17.28 0.5 24.24
110042 Rubino 359494 667123 7.84 40.91 22.2 0.74 4.34 110.4 0.02 7.85 0.3 2.18
110043 Rubino 359504 667106 72.97 165.88 24.88 1.28 4.94 126.3 0.03 18.26 0.2 21.29
110044 Rubino 359476 667092 155.74 111.99 28.11 2.21 4.00 218.2 0.05 91.84 0.2 65.65
110045 Agboville 365171 659018 0.8 0.21 8.26 1.17 0.03 32.9 0.01 1.83 0.6 0.19
110046 Rubino 358283 667634 0.82 5.36 4.32 0.025 0.24 59.8 0.01 4.84 0.2 2.26
110047 Rubino 359493 667114 324.04 56.58 20.21 1.22 4.14 145.5 0.03 7.31 0.2 5.25
AGB00001 Agboville 376636 662142 294.99 38.14 27.89 1.83 1.02 179 0.04 21.38 2.3 12.05
AGB00002 Agboville 374696 661594 1.31 13.89 15.93 0.58 9.61 27.2 0.01 2.76 0.7 0.41
AGB00003 Agboville 371706 653184 62.26 18.29 15.59 0.97 0.61 79.6 0.02 7.52 1 2.46
AGB00005 Agboville 371632 663055 5.33 16.24 17.7 0.9 2.94 57.6 0.01 2.32 0.4 1.13
RUB00001 Rubino 356724 665043 3.24 12.76 19.91 0.025 1.03 47.7 0.01 18.15 0.3 10.38
RUB00002 Rubino 356304 665338 133.15 90.65 26.61 3.06 3.68 3114.7 0.67 40.06 0.3 33.57
RUB00003 Rubino 354482 664322 76.68 18.01 47.92 9.02 0.28 39 0.01 117.24 1.2 88.63
RUB00005 Rubino 351792 671934 3.58 5.89 43.05 1.21 1.79 25 0.01 15.63 4.2 2.66
RUB00006 Rubino 351834 671919 3.7 9.37 38.7 1.94 1.67 34.9 0.01 19.74 4.5 4.58
RUB00008 Rubino 346664 674348 1.36 5.44 41.37 3.58 0.47 39.7 0.01 19.8 3.4 2.32
RUB00010 Rubino 343461 671407 6.51 21.91 23.42 0.75 2.86 172.7 0.04 7.46 2.4 1.35
NOTE: Grid references reported in projection UTM, WGS84, Zone 30N.
APPENDIX 2
Geological map of the Agboville and Rubino licences with rock-chip sample
locations marked. Sample IDs are given where assay values >0.2% Li(2)O were
returned, as reported in Table 1.
APPENDIX 3
Soil assay results (Li ppm > 85 ppm), sorted highest to lowest - Li values
greater than 210 ppm are deemed extremely anomalous; values below 85ppm are
considered background are not reported in this announcement (calculated by
means of cumulative probability statistics).
Sample_ID Easting Northing Li (ppm)
103288 355231 666620 806
103614 355336 665961 763
103444 355856 666572 649
103469 356629 666194 626
102790 355950 665804 598
102187 354986 665222 533
103511 355043 667334 498
103361 356434 665252 452
103619 355160 665950 450
103521 355101 667061 426
103612 355171 666062 369
102312 354343 665884 368
103276 356243 665971 365
103461 356266 666193 365
102290 355171 665232 361
102239 355293 665516 357
103593 355905 666184 351
102424 354834 663785 323
102287 355183 665342 309
103596 355103 666230 309
102218 355316 665718 306
103364 356735 666366 306
103617 355325 665841 303
103363 356265 665359 291
103459 356434 666083 284
103447 356105 666411 278
102289 355239 665176 276
103595 355182 666177 271
103362 356350 665306 268
103602 354764 666443 268
103608 354829 666280 268
103148 357184 665597 264
102281 354619 665946 263
103466 355929 666408 260
102764 355932 665576 257
102242 355131 665618 255
102149 355194 665451 254
102285 355015 665447 252
102690 355834 665516 252
102286 355101 665398 250
103460 356346 666137 250
102691 355916 665465 246
102151 355114 665508 245
103366 356821 666315 242
103516 355114 667168 242
102291 355090 665287 241
102824 356056 665853 239
103586 356722 666261 239
103616 355415 665783 239
102723 356025 665633 238
103622 354909 666114 238
103277 356159 666023 237
103558 355087 666946 236
102724 355941 665685 235
103393 356576 666588 227
103613 355256 666008 227
103452 356446 666196 220
103594 355270 666119 216
103396 356647 666422 214
103394 356657 666529 209
102580 355447 665290 207
103470 356542 666251 207
103611 355086 666116 206
103583 356469 666417 205
103607 354752 666335 204
102712 355657 665515 203
103451 356360 666253 203
102711 355743 665460 201
102186 355077 665172 199
103445 355941 666520 198
102211 354894 665172 195
102212 354980 665115 193
103436 355278 666946 193
103462 356182 666249 193
103636 354664 666388 188
102213 355059 665064 187
103368 356987 666206 187
102107 354426 664994 183
103592 355990 666131 182
103359 356599 665137 180
103100 358717 664731 179
102811 356578 665633 174
103427 355918 667128 174
103448 356199 666357 174
103418 356676 666640 173
103661 355446 665912 172
103658 355198 666287 169
103279 355353 666068 168
102421 354739 663724 167
102722 356107 665577 167
102688 355665 665637 166
103356 356869 666753 166
103415 356769 666697 166
103585 356638 666313 165
103638 355211 666397 165
103581 356402 666583 164
103187 358597 665289 163
103599 354848 666389 163
103657 355115 666340 162
103355 356947 666714 161
102689 355753 665573 160
101915 353624 664207 159
102815 356220 665867 158
103357 356785 666805 158
103620 355076 666003 158
102578 355356 665227 157
103606 354425 666663 157
102184 355273 665076 156
102217 355401 665676 156
102282 354764 665614 156
102283 354848 665559 156
103457 356605 665980 156
103446 356022 666466 155
102124 354608 664998 154
102434 354933 663842 154
103449 356277 666301 151
103479 355785 666736 151
102292 355002 665338 150
103478 355869 666685 150
102829 356467 665586 149
103416 356849 666646 148
103456 356683 665928 148
102241 355209 665564 147
103367 356904 666260 147
103391 356417 666694 146
103609 354919 666224 146
102789 356039 665743 145
103395 356745 666474 145
103618 355244 665896 145
102558 356046 665022 143
102585 355873 665020 143
103453 356531 666141 143
103454 356615 666087 143
103589 356218 666576 143
101966 354418 664053 142
102267 354524 665886 142
103584 356556 666362 142
103591 356055 666687 141
103481 355700 666793 140
103587 356390 666470 140
103398 356616 666917 139
103639 355126 666458 139
102284 354933 665507 138
103455 356700 666034 138
103508 356701 666865 138
103467 355846 666464 137
102257 355222 665675 136
102572 355862 664902 136
102676 356145 665077 136
103542 355132 666557 136
102825 356133 665803 135
102185 355159 665121 134
102768 356181 665415 133
103424 356175 666971 133
103621 354992 666059 133
103414 356687 666753 132
103471 356458 666306 132
103509 355211 667228 132
102030 353085 665030 131
102785 356377 665530 130
103299 356351 666024 130
103421 356431 666806 130
103438 355428 666849 130
103559 355004 667002 130
103605 354509 666604 130
102709 355902 665354 128
102766 356015 665523 128
102812 356490 665695 128
103429 356118 667250 128
103458 356519 666028 128
103597 355017 666283 128
102214 355141 665012 127
102692 356003 665411 127
102695 356251 665253 127
103390 356326 666754 127
103369 357067 666151 126
103603 354684 666497 126
101921 353208 664480 125
102948 358460 664061 125
103515 355028 667228 125
103579 356226 666687 125
102596 355655 664685 124
102788 356125 665687 124
103615 355508 665740 124
103645 354706 666720 124
102466 355547 664635 123
103477 355952 666630 123
103522 355023 667106 122
102029 353167 664978 121
102071 353562 665314 121
102706 356157 665187 121
103417 356753 666599 121
102783 356543 665420 120
103409 356269 667031 120
103423 356258 666906 120
103506 355761 667350 120
103519 355190 667010 120
103604 354591 666552 120
101933 353718 664263 119
102536 356350 664474 119
103463 356101 666298 119
102158 355052 664951 118
103552 354824 666997 118
103623 354823 666168 118
101908 354208 663833 117
102597 355739 664632 117
103507 355845 667297 117
103641 355045 666508 117
102725 355857 665737 116
102828 356380 665638 116
103373 357407 665936 116
103431 355834 667184 116
102816 356060 665970 115
103432 355750 667236 115
103420 356509 666755 114
103439 355518 666792 114
103484 355450 666956 114
103540 354966 666664 114
102266 354605 665834 113
102707 356078 665247 113
103543 355137 666676 113
103590 356133 666634 113
103274 356408 665863 112
103372 357326 665991 112
102767 356098 665470 111
103348 357455 666373 111
103659 355281 666231 111
103426 356007 667073 110
103503 355511 667511 110
102010 354439 664274 109
103405 355923 667235 109
102464 355471 664679 108
102559 355964 665075 108
103076 356789 665979 108
103392 356491 666639 108
103475 356123 666519 108
103580 356312 666626 108
101909 354129 663881 107
102258 355303 665623 107
102753 356339 665197 107
102787 356209 665638 107
102793 355702 665961 107
103533 355935 667350 107
102238 355359 665468 106
102818 355987 666014 106
103374 357490 665883 106
103512 354958 667390 105
102410 355451 664460 104
103262 357673 665881 104
103397 356562 666465 104
103419 356590 666691 104
102817 356144 665922 103
103472 356376 666357 103
102463 355393 664735 102
103378 357828 665665 102
103428 356191 667187 102
102682 355726 665350 101
102823 355970 665913 101
103385 355907 667015 101
103631 354330 666603 101
102622 355545 665348 100
102721 356195 665528 100
102762 355763 665680 100
103342 357970 666047 100
103371 357237 666044 100
103473 356292 666414 100
103490 355629 666960 100
103655 354944 666447 100
102523 354801 664281 99
102598 355820 664576 99
102694 356173 665300 99
103345 357716 666214 99
103407 356094 667130 99
103575 355894 666907 99
103654 354862 666497 99
103662 356516 665194 99
103298 356433 665980 98
103532 355854 667407 98
103582 356483 666530 98
102293 354919 665392 97
102710 355824 665410 97
103253 356916 666370 97
103354 357038 666642 97
103108 358910 664846 96
103293 355557 666291 96
103403 356364 667080 96
103437 355354 666900 96
103441 355602 666735 96
103468 356712 666142 96
103498 355172 667727 96
102298 354501 665664 95
103413 356592 666810 95
103502 355422 667567 95
103545 354989 666777 95
103551 354742 667049 95
101912 353876 664045 94
102154 354872 664948 94
103430 356022 667297 94
103530 355683 667516 94
103637 355291 666342 94
103644 354790 666669 94
101922 353119 664532 93
101931 353886 664153 93
102159 354967 665003 93
102648 355582 664849 93
102717 356448 665363 93
103358 356689 665089 93
103412 356518 666863 93
103548 354725 666935 93
103625 354659 666271 93
102057 354139 664825 92
102384 354960 664059 92
102645 355834 664690 92
102693 356090 665352 92
102786 356287 665585 92
103646 354617 666778 92
103144 356848 665704 91
102763 355845 665630 90
102830 356556 665531 90
103297 356508 665921 90
103476 356037 666574 90
103523 354935 667163 90
103577 356061 666797 90
102161 354883 665059 89
102571 355948 664850 89
102878 357552 663939 89
103074 356879 666036 89
103343 357883 666103 89
102023 353671 664650 88
102791 355868 665851 88
103278 356076 666080 88
103505 355681 667402 88
103624 354746 666220 88
102454 355677 664906 87
103525 355263 667784 87
102028 353250 664922 86
102103 354761 664778 86
102534 355341 664296 86
102586 355957 664948 86
102677 356064 665130 86
102813 356401 665750 86
103275 356327 665917 86
103303 356086 666189 86
103381 355568 667233 86
103531 355770 667460 86
103643 354874 666616 86
102260 355030 665562 85
102311 354258 665940 85
102681 355811 665297 85
102826 356217 665753 85
102836 357025 665258 85
102871 357708 663719 85
103464 356015 666356 85
NOTE: Grid references reported in projection UTM, WGS84, Zone 30N.
APPENDIX 4
JORC Table 1, Section 1 - Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling techniques · Nature and quality of sampling (eg cut channels, random chips, or · Drilling is not being reported in this announcement.
specific specialised industry standard measurement tools appropriate to the
minerals under investigation, such as down hole gamma sondes, or handheld XRF · Soil sampling was undertaken on 100m x 100m spaced grid using hand
instruments, etc). These examples should not be taken as limiting the broad tools, where a 2kg sample is taken from the soil B-horizon at each sample site
meaning of sampling. at a depth of approximately 30cm. Each soil sample is dry sieved to -160
micron at site, homogenised ahead of a 100g representative split being sent
· Include reference to measures taken to ensure sample representivity for analysis in individually labelled bags.
and the appropriate calibration of any measurement tools or systems used.
· Soil geochemical analysis is undertaken at Atlantic Lithium's
· Aspects of the determination of mineralisation that are Material to Mankessim facility in Ghana using SciAps Z903 LIBS (Laser induced breakdown
the Public Report. In cases where 'industry standard' work has been done this spectroscopy) in Geochem mode with analysis undertaken on compressed pellets
would be relatively simple (eg 'reverse circulation drilling was used to made from the 100g of -160 micron sieved material received.
obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for
fire assay'). In other cases more explanation may be required, such as where · 5% QAQC samples were inserted into the soil sample stream in the form
there is coarse gold that has inherent sampling problems. Unusual commodities of field duplicates, blank samples and appropriate certified reference
or mineralisation types (eg submarine nodules) may warrant disclosure of material.
detailed information.
· Rock-chip samples were collected during reconnaissance mapping at the
discretion of the geologist, consisting of variably weathered outcrop or
float. Approximately 1-2 kg of rock-chip material was sampled and submitted
to Intertek Tarkwa for sample prep and forwarded to Intertek Perth for
analysis using 4A-Li/MS48.
· Visual estimates of spodumene have been reported for the spodumene
pegmatite float samples discovered in the Rubino licence.
Drilling techniques · Drill type (eg core, reverse circulation, open-hole hammer, rotary air · Drilling is not being reported in this announcement.
blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc).
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · Drilling is not being reported in this announcement.
results assessed.
· Not applicable to soil sampling programmes.
· Measures taken to maximise sample recovery and ensure representative
nature of the samples. · Recoveries of rock-chip samples is not relevant and results are only
used for reconnaissance exploration assessment and will not be used to support
· Whether a relationship exists between sample recovery and grade and mineral resource estimates.
whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.
Logging · Whether core and chip samples have been geologically and · Drilling is not being reported in this announcement.
geotechnically logged to a level of detail to support appropriate Mineral
Resource estimation, mining studies and metallurgical studies. · All rock-chip samples have been lithologically logged and photographed
to a suitable standard to support reconnaissance level exploration.
· Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography. · Visual estimates of spodumene have been reported for the spodumene
pegmatite float samples discovered in the Rubino licence. The hand samples
· The total length and percentage of the relevant intersections logged. have been photographed and the modal abundance of spodumene on the surface
estimated visually using a percent abundance estimation chart.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core · Drilling is not being reported in this announcement.
taken.
· Intertek have followed standard procedures for sample preparation to
· If non-core, whether riffled, tube sampled, rotary split, etc and produce sub-samples for analysis. Khaleesi Resources personnel followed soil
whether sampled wet or dry. sample preparation procedures to produce a sub-sample for analysis.
· For all sample types, the nature, quality and appropriateness of the · Field duplicates of soil samples were collected in the field and
sample preparation technique. submitted for analysis as part of QA/QC.
· Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
· Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field
duplicate/second-half sampling.
· Whether sample sizes are appropriate to the grain size of the material
being sampled.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying and laboratory · CP considers laboratory procedures and assaying are appropriate for
procedures used and whether the technique is considered partial or total. the type of samples.
· For geophysical tools, spectrometers, handheld XRF instruments, etc, · Assaying of the rock-chip samples was undertaken by Intertek Perth
the parameters used in determining the analysis including instrument make and using their 4A-Li/MS48 analysis technique. The soil samples were assayed
model, reading times, calibrations factors applied and their derivation, etc. in-house at Atlantic Lithium's Mankessim facility using SciAps Z903 LIBS
(Laser induced breakdown spectroscopy) set to Geochem mode and after
· Nature of quality control procedures adopted (eg standards, blanks, appropriate callibration.
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established. · Intertek reported the use of standards and blanks as part of their
QA/QC during analysis. Atlantic Lithium use standards as part of their QA/QC
during rock-chip analysis.
· 5% of soil samples submitted by the Company were standards, blanks and
field duplicates.
· All QA/QC samples submitted by the Company returned results within
acceptable levels of accuracy.
Verification of sampling and assaying · The verification of significant intersections by either independent or · All significant assay results reported by Intertek and Atlantic
alternative company personnel. Lithium have been verified by experienced Company personnel.
· The use of twinned holes. · All primary data has been uploaded into the Company's data storage and
data entry standard procedures checked and verified by two experienced Company
· Documentation of primary data, data entry procedures, data personnel.
verification, data storage (physical and electronic) protocols.
· No adjustments to assay data were undertaken.
· Discuss any adjustment to assay data.
Location of data points · Accuracy and quality of surveys used to locate drill holes (collar and · Location of soil sampling and rock chip sampling programme is recorded
down-hole surveys), trenches, mine workings and other locations used in by hand-held GPS devices with +/_3m accuracy and is considered suitable for
Mineral Resource estimation. reconnaissance exploration.
· Specification of the grid system used. · Co-ordinate data is recorded in WGS84 UTM Z30N.
· Quality and adequacy of topographic control.
Data spacing and distribution · Data spacing for reporting of Exploration Results. · Soil sample spacing of these results is 100 x 100m.
· Whether the data spacing and distribution is sufficient to establish · Not applicable due to reconnaissance nature of this sampling and
the degree of geological and grade continuity appropriate for the Mineral results are not considered for Mineral Resource classification.
Resource and Ore Reserve estimation procedure(s) and classifications applied.
· Whether sample compositing has been applied.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of · Not applicable.
possible structures and the extent to which this is known, considering the
deposit type. · Drilling is not being reported in this announcement.
· If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.
Sample security · The measures taken to ensure sample security. · The sample chain of custody is managed by Khaleesi Resources and
Atlantic Lithium. The samples are collected in the field by Khaleesi Resources
personnel in unique number coded plastic bags and labelled polyweave sacks.
All samples are delivered directly to Intertek by Khaleesi Resources
personnel. Rock-chip samples are prepared by Intertek in Tarkwa and pulp is
securely shipped to Perth by DHL. Soil samples are collected from Intertek
Tarkwa by Atlantic Lithium personnel and delivered to the Company's Mankessim
facility for analysis.
Audits or reviews · The results of any audits or reviews of sampling techniques and data. · No review of the sampling techniques has been undertaken. The soil
assay data will be reviewed internally by the geological team once all the
results are received.
JORC Table 1, Section 2 - Reporting of Exploration Results
Criteria JORC Code Explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · PR 0694 is located in the Department of Agboville and PR 0695 is in
agreements or material issues with third parties such as joint ventures, the Departments of Agboville and Adzope, Côte d'Ivoire. All permits are
partnerships, overriding royalties, native title interests, historical sites, owned 100% by Khaleesi Resources SARL, a wholly-owned subsidiary of Atlantic
wilderness or national park and environmental settings. Lithium Limited.
· The security of the tenure held at the time of reporting along with · The permits are in good standing and the Company is not aware of any
any known impediments to obtaining a license to operate in the area. existing or potential impediments which may impact ongoing exploration
activities.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · No systematic modern exploration for lithium-caesium-tantalum
pegmatites have been undertaken over the area. No records of other systematic
exploration over the tenement areas have been found.
· Government 1:200,000 scale geological mapping and historical mineral
occurrence evaluations have been undertaken over the area at various times
since the 1960s.
Geology · Deposit type, geological setting and style of mineralisation. · Potential for lithium-caesium-tantalum bearing pegmatite
mineralisation. The area is underlain by Birimian-aged metasediments with
granitic intrusives of the Eburnean orogeny which can host LCT pegmatite
deposits similar to those discovered in Ghana and Mali.
Drill hole information · A summary of all information material to the under-standing of the · No drilling is being reported.
exploration results including a tabulation of the following information for
all Material drill holes:
· easting and northing of the drill hole collar
· elevation or RL (Reduced Level - elevation above sea level in metres)
of the drill hole collar
· dip and azimuth of the hole
· down hole length and interception depth
· hole length
· If the exclusion of this information is justified on the basis that
the information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods · In reporting Exploration Results, weighting averaging techniques, · Not applicable.
maximum and/or minimum grade truncations (e.g. cutting of high grades) and
cut-off grades are usually Material and should be stated.
· Where aggregate intercepts incorporate short lengths of high grade
results and longer lengths of low grade results, the procedure used for such
aggregation should be stated and some typical examples of such aggregations
should be shown in detail.
· The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship between mineralisation widths and intercept lengths · These relationships are particularly important in the reporting of · Not applicable.
Exploration Results.
· If the geometry of the mineralisation with respect to the drill hole
angle is known, its nature should be reported.
· If it is not known and only the down hole lengths are reported, there
should be a clear statement to this effect (e.g. 'down hole length, true width
not known').
Diagrams · Appropriate maps and sections (with scales) and tabulations of · Maps are included in the body of the announcement.
intercepts should be included for any significant discovery being reported.
These should include, but not be limited to a plan view of drill hole collar
locations and appropriate sectional views.
Balanced Reporting · Accuracy and quality of surveys used to locate drill holes (collar and · All meaningful exploration data has been included in the body of this
down-hole surveys), trenches, mine workings and other locations used in announcement.
Mineral Resource estimation.
· Where comprehensive reporting of all Exploration Results is not
practicable, representative reporting of both low and high grades and/or
widths should be practiced to avoid misleading reporting of Exploration
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be reported · Li grid heat map was created using:
including (but not limited to): geological observations; geophysical survey
results; geochemical survey results; bulk samples - size and method of · MapInfo Discover (Version 2023, Release Build 142) Heatmap
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances. · Heatmap settings: Style set at standard; area of influence set to 0
· Grid cell size 25m x 25m
Further work · The nature and scale of planned further work (e.g. tests for lateral · The Company is planning further mapping and soil geochemical sampling
extensions or depth extensions or large- scale step-out drilling). programmes to further assess the potential for lithium-bearing pegmatites
within the licences. Auger drilling will be used to define pegmatite targets
· Diagrams clearly highlighting the areas of possible extensions, below laterite cover.
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.
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. END MSCFZGZKFMFGKZZRecent news on Atlantic Lithium
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