PAM Indicators Formal Documentation to Purchase 100% curiosity in ~1,200km2 Tama Atacama Lithium Brine Venture

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  • Outline and increase the recognized spodumene-bearing pegmatites zones, such because the Final Resort and the Bounty Gold Pegmatites on the Victory Venture and the Wenasaga North Zone on the Ear Falls Venture.
  • Drill take a look at the totally different potential areas alongside the exploration corridors to proceed to display the continuity, the dimensions, and the potential of each tasks.

The stripping program is designed to reveal further pegmatites for sampling and mapping and in addition determine and prioritize drill targets.

As beforehand introduced, greater than 240 drill core samples from Ear Falls, 25 channel samples from Victory and over 120 seize samples from totally different tasks are nonetheless pending within the lab. Past Lithium anticipates the outcomes of those samples to turn into accessible over the following few weeks. As soon as all outcomes are acquired, Past Lithium will full an total technical assessment of all of the tasks and can finalize and announce a complete exploration plan for 2024.

“Within the final six months, we now have explored 50 of our 63 tasks (79.4%), superior 18 tasks to Part 2 exploration and have ten extra extremely potential tasks to begin exploring in 2024. We additionally made three important discoveries, together with two spodumene discoveries which are actually shifting to the drilling stage,” mentioned Allan Body CEO of Past Lithium.

He added: “Most of our tasks are near wonderful infrastructure with nice entry positioned throughout Ontario which permits us to have longer discipline season for exploration to supply regular information movement for our shareholders. We sit up for sharing the assay outcomes from the greater than 385 samples nonetheless within the lab as we obtain and analyze them.”

Victory Spodumene Venture

The Victory Venture is comprised of the Victory Important (7,874 ha) and the Victory West (8,808 ha) Initiatives totaling 16,682 hectares in an space positioned within the Drugs Lake space close to the cities of Vermilion Bay, Dryden and town of Kenora. The Victory Venture at present contains two spodumene-bearing pegmatites, the Bounty Gold Pegmatite and the Final Resort Pegmatite. These two spodumene-bearing pegmatites are 40 to 50 m huge and over 200-300 m uncovered alongside strike on floor (Determine 1). The Victory Venture has:

  • Substantial width and measurement for the spodumene-bearing pegmatites.
  • As much as 5.11% Li2O on the Final Resort Pegmatite and as much as 3.48% Li2O on the Bounty Gold Pegmatite from spodumene-bearing pegmatite seize samples.
  • District scale synergy with the Ear Falls Spodumene Venture and the Mavis Lake Group Initiatives (Satellite tv for pc, Laval, Gullwing-tot, Webb East, Webb West, Temple Bay, Ogani Lake, and McKenzie Bay) as they’re inside 100 km of one another and three regionally important lithium deposits (Determine 3).
  • A 6-kilometer-long structural managed exploration development between the Bounty Gold and the Final Resort Pegmatites for exploration.

Determine 1 Victory Venture Map

Ear Falls Spodumene Venture

The Ear Falls Venture (20,623 ha), beforehand known as the Wenasaga Venture, is positioned proper exterior the city of Ear Falls, Ontario. Ear Falls has wonderful infrastructure together with freeway and logging highway entry, energy strains, providers, and native labor (Determine 2). Within the 2023 exploration program at Ear Falls, Past Lithium:

  • Found the Wenasaga North Zone, a spodumene-bearing pegmatites zone, with seize samples as much as 4.54% Li2O.
  • Found the Sandy Creek West Zone alongside a 100m huge ridge with seize samples from pegmatites outcrops assayed as much as 0.4% Li2O.
  • Reported that seize samples from the Sandy Creek West Zone are as extremely fractionated because the spodumene samples collected from the Wenasaga North Zone.
  • Confirmed a 13 kilometers lengthy exploration structural managed hall with lithium mineralization.
  • Delineated steady higher-grade lithium zone enveloped by wider intervals by way of stripping and channel sampling.
  • Accomplished an preliminary 7 holes drilling program that intercepted new subparallel pegmatite dyke at depth that was not uncovered on floor beforehand.

Determine 2 Ear Falls Venture Map

Determine 3 Regional map displaying location of Past Lithium tasks relative to different important close by deposits.

Alain Lambert, Co-Founder and Capital Markets Advisor commented: “Past Lithium has achieved a lot success in 2023. Beginning 2024 with important drilling applications at Victory and Ear Falls marks an necessary milestone for our firm. I’m additionally happy with the progress we proceed to make on the company entrance with our mission generator enterprise mannequin. We stay dedicated to the identical disciplined strategy in our deal-making actions which has paid off on the exploration entrance. We’ll do issues on our personal timetable and solely do offers that improve shareholder worth.”

Certified Individual and Third-Celebration Knowledge

The scientific and technical info on this information launch has been reviewed and permitted by Lawrence Tsang, P.Geo., VP Exploration of the Firm. Lawrence Tsang is a “certified particular person” as outlined in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives.

About Past Lithium Inc.

Past Lithium Inc. is the biggest greenfield lithium exploration participant in Ontario with 63 excessive potential greenfield lithium properties totalling over 195,000 hectares. The Firm has adopted the mission generator enterprise mannequin to maximise funds accessible for exploration tasks, whereas minimizing shareholder dilution. Past Lithium is advancing sure of its tasks with its exploration crew and can search to choice different properties to three way partnership companions. Partnering on varied tasks will present a supply of non-dilutive working capital, partner-funded exploration, and long-term residual publicity to exploration success.

Past Lithium at present has 33,874,482 frequent shares excellent.

Please observe @BeyondLithium on Twitter, Fb, LinkedIn, Instagram and YouTube.

For extra info, please consult with the Firm’s web site at www.beyondLithium.ca

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This information launch contains sure “forward-looking info” throughout the which means of relevant Canadian securities laws. All statements, aside from statements of historic reality, included herein together with, with out limitation, statements relating to future capital expenditures, anticipated content material, graduation, and price of exploration applications in respect of the Firm’s tasks and mineral properties, anticipated exploration program outcomes from exploration actions, sources and/or reserves on the Firm’s tasks and mineral properties, and the anticipated enterprise plans and timing of future actions of the Firm, are forward-looking info. Though the Firm believes that such statements are cheap, it may give no assurance that such expectations will show to be appropriate. Typically, however not all the time, forward-looking info could be recognized by phrases akin to “professional forma”, “plans”, “expects”, “will”, “might”, “ought to”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such phrases together with damaging variations thereof, and phrases that consult with sure actions, occasions or outcomes that will, might, would, would possibly or will happen or be taken or achieved. In stating the forward-looking info on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, that market fundamentals will end in sustained treasured and base metals demand and costs, the receipt of any crucial permits, licenses and regulatory approvals in reference to the longer term exploration of the Firm’s properties, the supply of financing on appropriate phrases, and the Firm’s capability to adjust to environmental, well being and security legal guidelines.

Ahead-looking info entails identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the statements of forward-looking info. Such dangers and different elements embody, amongst others, statements as to the anticipated enterprise plans and timing of future actions of the Firm, the proposed expenditures for exploration work on its properties, the flexibility of the Firm to acquire adequate financing to fund its enterprise actions and plans, delays in acquiring governmental and regulatory approvals (together with of the Canadian Securities Trade), permits or financing, modifications in legal guidelines, rules and insurance policies affecting mining operations, dangers referring to epidemics or pandemics akin to COVID-19, the Firm’s restricted working historical past, foreign money fluctuations, title disputes or claims, environmental points and liabilities, in addition to these elements mentioned underneath the heading “Threat Elements” within the Firm’s prospectus dated February 23, 2022 and different filings of the Firm with the Canadian securities regulatory authorities, copies of which could be discovered underneath the Firm’s profile on the SEDAR web site at www.sedarplus.ca.

Readers are cautioned to not place undue reliance on forward-looking info. The Firm undertakes no obligation to replace any of the forward-looking info on this information launch besides as in any other case required by regulation.

For additional info, please contact:

Allan Body
President and CEO
Tel: 403-470-8450
E-mail: allan.body@beyondLithium.ca

Jason Body
Supervisor of Communications
Tel: 587-225-2599
E-mail: jason.body@beyondLithium.ca

Supply

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