Past Lithium Exploration Allow Purposes for Victory and Ear Falls Submitted with Ontario’s Ministry of Mines

• Outcomes of channel samples delineated steady grades increased than 1.0% Li₂O zones enveloped by wider intervals.
• Discovery of further spodumene-bearing pegmatites extends unique spodumene bearing pegmatite zone (the “Wenasaga North Zone“) by 50% (from 1.0 km to 1.5 km).
• Channel samples reveal the continuity of the lithium-bearing pegmatites system.
• The Wenasaga North Zone represents just one.0% of the entire Ear Falls mission.

Drilling Abstract

• Accomplished seven AQ sized diamond drill holes totalling 329.59m from three totally different drilling websites testing as much as 150 m strike size and 50 m dip continuity of pegmatites.
• 5 holes intersected spodumene mineralization, together with one dyke not uncovered on floor.
• Mannequin for stacked pegmatites system intercepting a number of subparallel spodumene-bearing pegmatites at depth confirmed.
• System stays open to all instructions.
• Over 240 drilling samples outcomes anticipated within the first half of January.

Growth of 13 km Exploration Hall Abstract

• Discovery of a 100-meter-wide ridge with quite a few pegmatite outcrops with seize samples assaying over 0.1% Li₂O and as much as 0.4% Li₂O on the northwest aspect of the Wenasaga Zone confirms the potential of the 13 km exploration hall.
• Over 75% of seize samples assayed alongside the exploration hall confirmed elevated background lithium averaging 1,279 ppm Li confirming this intensive strike size.

Past Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the “Firm” or “Past Lithium“) is happy to announce the outcomes of a complete exploration program at its Ear Falls spodumene mission which affirm the potential of this current discovery. The work not too long ago accomplished at Ear Falls consisted of:

• A stripping program designed to reveal the extension of the spodumene pegmatites in all-directions and to probably uncover extra subparallel dykes;
• A drilling program focused to additional perceive and delineate the traits and the densities of those subparallel spodumene pegmatite dykes; and
• An exploration and sampling program alongside the recognized 13 km lithium exploration hall.

Allan Body, President and CEO of Past Lithium, commented, “Past Lithium introduced the invention of the spodumene-bearing pegmatites zone at Ear Falls Challenge in September (see press launch dated September 17, 2023). Seize samples from the realm the place the preliminary discovery was made (named the Wenasaga North Zone) assayed as much as 4.54 per cent lithium oxide (“Li₂O”). Given the promising outcomes introduced on the time, our group went again to the property and made vital further discoveries. We’re delighted that, in lower than three months of subject work, now we have accomplished a prospecting program, a stripping and channel sampling program, and a drilling program and now we have extensively sampled new areas.”

He added: “Our subject crew continued exploration was primarily based on the geological knowledge we collected from the early subject work. They have been in a position to broaden the Wenasaga North Zone by over 50% from 1.0 km to 1.5 km by finding further spodumene-bearing pegmatites. But, the footprint of the Wenasaga North Zone accounts for just one.0% of the entire Ear Falls Challenge dimension of 20,623 hectares.”

“Concurrently, the sphere group explored in direction of the southwest alongside the 13 km exploration hall and found a 100-meter-wide ridge with quite a few pegmatite outcrops with seize samples assaying over 0.1% Li₂O and as much as 0.4% Li₂O. This wider and denser pegmatites subject, together with their related Okay/Rb ratio (Determine 8) affirm the intensive 13 km strike size of the lithium mineralization all the way in which to the southwest of the property, an space named the Sandy Creek West Zone.”

Mr. Body concluded: “We count on to obtain all of the drilling assays from the lab within the first half of January at which level we’ll evaluate all the info collected in 2023 and finalize a complete drilling program to start as soon as permits are acquired.”

Stripping and Channel Sampling Program

The channel sampling program consisted of a complete of 64 channel samples from 15 channel areas starting from 0.67m to 10.77m. The channel samples have been collected from three totally different zones, EF-1, EF-2 and EF-3, alongside the Wenasaga North Zone (Determine 1). The stripping and channel sampling program was designed to additional perceive the grade distribution and continuity within the pegmatites and the host rocks for designing the follow-up exploration program to discover for extra and subparallel spodumene-bearing pegmatites.

Lawrence Tsang, Past’s VP of Exploration acknowledged: “We’re glad that the prospecting, the stripping and channel sampling, and the drilling program accomplished at Ear Falls have been profitable at reaching the applications’ goal which was to assemble geological knowledge to grasp the traits of the Ear Falls system for planning the subsequent exploration program, together with drilling.”

“In brief, we now perceive the Ear Falls Challenge is a stacked and zoned pegmatites system which incorporates the potential of discovering further subparallel dykes by drilling deeper holes and doing extra stripping alongside the totally different pegmatites. The vectoring of the dykes’ width and grade continuity now we have established at Ear Falls from the prospecting program additionally signifies an ideal alternative to probe for wider spodumene-bearing pegmatites in direction of the Sandy Creek West Zone. Within the meantime, we stay on monitor to submit the exploration allow utility for the Ear Falls Challenge for over 30 drill websites earlier than the tip of the week.”

Determine 1 Zones EF1 to EF3 alongside the Expanded 1.5 KM Spodumene Zone – Wenasaga North Zone

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Desk 1 Zone EF1 Channel Samples Highlights

Desk 2 Zones EF2 and EF 3 Channel Samples Highlights

Determine 2 2023 Channel Areas and Highlights in Relation to the 2023 Drill Holes Areas and Traces – Wenasaga North Zone

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The channel samples collected alongside the preliminary one-kilometer spodumene-bearing pegmatite development referred to as the Wenasaga North Zone have been divided into three zones: EF-1, EF-2 and EF-3 (Determine 1). Zone EF-1 primarily examined the preliminary 150m strike size of the spodumene-bearing pegmatites zone. Channel sampling at zones EF-2 and EF-3 have been step-outs samples testing the extent of the one-kilometer lengthy spodumene zone.

Because the spodumene discovery introduced in September, Past Lithium subject crew continued to discover for extra spodumene-bearing pegmatites following the strike orientation of the Ear Falls spodumene-bearing pegmatite system. They have been in a position to find further spodumene-bearing pegmatites in direction of the northeastern extension grading as much as 1.00% Li₂O and 107ppm Cs in seize pattern mineralized with spodumene, muscovite, and fluorapatite. With the popularity of further spodumene-bearing pegmatites in direction of the northeast course, the Wenasaga North Zone at Ear Falls has now been prolonged by over 50%, from 1.0 km to 1.5 km (Determine 1) on the northeast area of the 13 km exploration hall.

Zone EF-1

A pegmatite within the northern a part of the EF-1 zone was mechanically stripped by a backhoe for a extra steady channel sampling throughout the spodumene-bearing pegmatite, EF-C-03 (Desk 1). This channel graded 0.54% Li₂O and 186ppm Cs over 9.52m together with 0.83% Li₂O and 168ppm Cs over 2.47m and 0.85% Li₂O and 157ppm Cs over 2.45m (Determine 3). The spodumene-bearing pegmatite is shaped alongside the contact between the granite and the metasediments with native sliver of older micaceous granite. Typically, the pegmatites strike at 030 to 070 levels azimuth and dip reasonably at 60 to 70 levels in direction of the northwest. Primarily based on subject remark, the spodumene-bearing pegmatites at Ear Falls are strongly managed by the orientation of the granite and the metasediments contact.

Lawrence added: “From the place we have been in a position to lower a extra full line throughout the mechanically stripped pegmatite in zone EF-1, the channel samples outlined a few steady higher-grade (higher than 1% Li₂O) zones enveloped by wider intervals of pegmatite (Figures 2 & 4). Pegmatite dykes in nature pinch and swell from one space to a different. It’s vital to have good continuity in grade inside a pegmatite zone to higher correlate between pegmatites and probably define bigger zones for future estimation. Moreover, the stripping and channel sampling program successfully confirmed the strike projection of spodumene-bearing pegmatites uncovered at floor alongside the Wenasaga North Zone. Mechanized stripping is a cheap exploration software, that we are going to proceed to implement in our exploration applications to strip in several zones, and to delineate and prioritize targets for drilling.”

Determine 3 Zone EF1 Channel Samples of Zoned Pegmatite with high-grade core of higher than 1.00% Li₂O – Wenasaga North Zone

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Determine 4 Larger than 1.00% Li₂O Steady Increased-Grade Zone Enveloped by Wider Interval in Pegmatite – Wenasaga North Zone

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Zone EF-2 & EF-3

The channel sampling at Zones EF-2 and EF-3 have been designed to check the step out zones from the EF-1 zone (Determine 1). Each EF-2 and EF-3 zones have channel samples with grades over 1.0% Li₂O in keeping with the outcomes from the Part 1 seize samples in the identical areas. EF-2 channel pattern assayed 1.25% Li₂O over 2.0m (Desk 2). The channel sampling on the zones at EF-2 and EF-3 was hand stripped and lower by a rock noticed as a substitute of mechanized stripped resulting from time and climate constraints. When climate permits, Past Lithium will resume mechanized stripping and prospecting applications at Ear Falls.

Drilling Program Abstract

In November 2023, Past Lithium accomplished seven AQ sized drill holes totaling 329.59 m from three drill websites. This program was designed to drill take a look at 150 meters strike size of the spodumene-bearing pegmatites zone and as much as 50m dip continuity under floor (Determine 2). The primary 5 holes, EF23-01 to 05, have been drilled in direction of the southeast concentrating on under the floor uncovered spodumene-bearing pegmatites. All 5 holes intercepted spodumene-bearing pegmatites mineralization at depth projected from the floor uncovered pegmatites (Determine 5). Gap EF23-04 intercepted a brand new subparallel pegmatite (Peg Zone 5) at depth which isn’t uncovered on floor. This means the opportunity of intercepting extra pegmatites at depth from longer drill holes (Determine 6).

Determine 5 EF23-04 Drill Core Pic of Spodumene-bearing Pegmatite Intercepted at 25.16m at depth – Wenasaga North Zone

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Graeme Evans, Senior Advisor to Past Lithium, remarked: “In 2023 early-stage work has outlined a thirteen-kilometre development with excessive prospectivity alongside all the size. I used to be anticipating zonation to restrict the strike potential however clearly not right here! This units up an formidable 2024 season to stipulate increased grades and widths on this massive model new LCT system. We hold mentioning these targets are at an early stage however we have not even checked out 1.0% of the system so do the mathematics!”

The primary 5 holes confirmed that the Ear Falls construction is a stacked pegmatites system and have efficiently examined as much as 50m dip continuity. All pegmatites stay open in all instructions. The final two holes, EF23-06 to 07 have been exploratory and step-out holes trying to increase the strike size of the system at depth. EF23-06 was primarily hosted in metasediment. EF23-07 was drilled in the wrong way and relocated the pegmatites at depth alongside strike displaying good continuity. Over 240 drilling samples are at present pending within the lab and are anticipated to be introduced within the first half of January.

Determine 6 Cross Part Pegmatite Zone Interpretation from Drilling at Ear Falls – Wenasaga North Zone

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Lawrence Tsang commented: “This preliminary drilling program at Ear Falls demonstrated the pegmatites have good strike and dip continuities. As well as, the system stays open in all instructions. The drilling has proven the potential to uncover extra subparallel pegmatites at depth. In different phrases, extra pegmatites are probably coated by vegetation or overburden which might solely be found by stripping or drilling. The Wenasaga North Zone discovery offered us with a place to begin for exploration drilling at Ear Falls. The mix of wider and denser pegmatites with lithium mineralization within the Sandy Creek West Zone and the geological knowledge collected from the prospecting and the channel sampling applications within the Wenasaga North Zone establishes a robust vector in direction of the Sandy Creek West Zone for additional comply with up exploration at Ear Falls.”

Extension of 13 km Exploration Hall

“Once we introduced the preliminary spodumene discovery at Ear Falls, we talked about the Sandy Creek beryl-bearing pegmatites that have been found within the early Sixties (positioned seven kilometres southwest of the Wenasaga North Zone) and the truth that very restricted to no exploration work was carried out within the space for the reason that discovery of those pegmatites over 60 years in the past,” stated Lawrence Tsang.

“Past Lithium acknowledged this space to be beneficial for LCT pegmatites due to the well-established Wenasaga Lake batholith because the potential supply of LCT pegmatites of the realm and the upper fractionated Sandy Creek beryl incidence within the space. The Sandy Creek Beryl space then turned a significant focus of exploration for our technical group which led to the invention of a 100-meter-wide ridge with quite a few pegmatite outcrops with seize samples assaying over 0.1% Li₂O and as much as 0.4% Li₂O, now referred to as the Sandy Creek West Zone.”

Up to now, a complete of 92 seize samples have been collected at Ear Falls and 70 of them have been collected alongside the primary 13 km lengthy exploration. Out of the 70 samples, over 75% of the seize samples (55 out of 70) assayed over 50 ppm Li with a median of 1,279 ppm Li or 170 ppm Li (with out outliers of >1,000 ppm Li) and the samples exterior of the hall averaged 26.5 ppm Li (Determine 7).

This background lithium distinction from seize samples between inside and outside of the 13 km exploration hall additional confirms the extent and the orientation of this 13 km strike size. It suggests the rare-element lithium volatiles/fluid concentrated and fractionated inside this potential construction performing as a permeable and favorable conduit for lithium-indicator minerals like spodumene, cleavelandite, and petalite recognized within the accomplished drilling program to mineralize.

Determine 7 13 KM Exploration Hall in Relation with the Sandy Creek West Zone and the Expanded Spodumene Zone

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Primarily based on the preliminary findings from the sphere, the pegmatites at Ear Falls development wider and denser in direction of the southwest orientation. A seize pattern from pegmatite of over 5 meters in width positioned two kilometers southwest of the Wenasaga North Zone assayed as much as 0.24% Li₂O. The Sandy Creek West Zone positioned about seven kilometers southwest of the Wenasaga North Zone included three seize samples assaying over 0.10% Li₂O and as much as 0.40% Li₂O (Determine 7).

The Sandy Creek West Zone is positioned on a ridge that was uncovered after a current clear lower within the space. As pegmatites are extra proof against erosion, this topographic excessive panorama was rapidly positioned by our Senior Geologist, Paul Baxter, after Past Lithium expanded the Ear Falls Challenge in September. The Sandy Creek West Zone traits east-west and covers an space of about 350 meters in size by 100 meters in width in an space with quite a few of pegmatites uncovered on floor starting from 2 to fifteen m in width.

Determine 8 Log base 10 Okay/Cs Vs Okay/Rb Plot of Fractionation Depth of Ear Falls Samples

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Measuring the ratio variations between potassium (“Okay”), cesium (“Cs”), rubidium (“Rb”) in samples collected from the identical area is a typical and helpful exploration software to show the fractionation development or the relative diploma of evolution of S-type, peraluminous granites and associated pegmatite granites and the rare-element pegmatite teams that fractionated from the father or mother granitic rocks. With rising fractionation of the pegmatite-forming soften, the compositions of the potassium feldspar and mica develop into extra enriched in rubidium and cesium thus the fractionation development level to the decrease left nook within the plot as the upper fractionated space (Breaks 2004).

The fractionation depth plot of all of the samples collected to this point at Ear Falls clearly distinguished into two teams: the samples inside the 13 km exploration hall and the samples from exterior the exploration hall. The samples inside the 13 km exploration hall have been plotted increased in fractionation depth than the samples from exterior the exploration hall (Determine 8). Moreover, each populations of samples collected from the Wenasaga North and the Sandy Creek West Zones have been plotted in the identical space of fractionation depth within the plot which suggests each zones are equally fractionated. In different phrases, the potential of discovering spodumene-bearing pegmatites on the Sandy Creek West Zone is equally as excessive because the Wenasaga North Zone the place a number of spodumene-bearing pegmatites had been found.

Additionally, two seize samples from the identical pegmatite on the Wenasaga North Zone assaying 0.30 and 4.54% Li₂O have been plotted as the best fractionated samples together with a couple of samples collected type the Sandy Creek Beryl and the Sandy Creek West Zones assaying round 0.13 to 0.40% Li₂O (Determine 8). The pegmatites related to these few samples on the Sandy Creek Beryl and the Sandy Creek West Zones will probably be prioritized within the subsequent exploration program as these pegmatites are extremely fractionated and have the upper potential to discovering close by spodumene mineralization.

Paul Baxter, Past Lithium‘s Senior Subject Geologist highlighted the importance of this newly found zone: “A stripping program will probably be helpful to find out the true width of the pegmatites within the Sandy Creek West Zone to see if the ridge is actually one massive pegmatite (Determine 9).”

He added: “The pegmatites within the Sandy Creek West Zone are characterised with quartz, feldspar, muscovite, garnet, and native beryl, fluorapatite and tourmaline with widespread quartz pods and enormous sheets of muscovite. The sphere group collected a complete of 9 samples from the Sandy Creek West Zone. The outcomes present nice lithium mineralization within the space with potential proximal spodumene mineralization. It’s in all probability only a matter of spending extra time within the subject time and gathering extra samples on the Sandy Creek West Zone earlier than we uncover the subsequent spodumene-bearing pegmatite at Ear Falls.”

Determine 9 Pegmatite Recognized within the Sandy Creek West Zone Situated 7 KM SW of the Wenasaga North Zone with Seize Pattern as much as 0.40% Li₂O

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The Ear Falls Challenge is comprised of over 20,000 hectares of space and the footprint of the 13 km lengthy exploration hall solely accounts for 10% of the entire floor space of the Ear Falls Challenge. Past Lithium will proceed to discover for extra of spodumene-bearing pegmatites alongside the 13 km lengthy exploration hall and on the similar time will prospect for different subparallel buildings throughout the mission by incorporating the geological and geochemical background established from the 2023 program.

Victor Cantore, a Co-Founding father of Past Lithium concluded: “I could not be prouder of the progress made by all the Past Lithium group in 2023. The corporate is uniquely positioned with two vital spodumene discoveries proper by a number of the business’s most engaging infrastructure. The dimensions of the initiatives and their potential could lead on Past to develop into one of many key lithium gamers in Canada. I’ll proceed to help our CEO Allan Body and his complete group in any means wanted. My shares of Past are a key a part of my lithium inventory portfolio.”

Sources

Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and associated rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p.

Breaks, F.W., Selway, J.B. and Tindle, A.G. 2004. A Evaluation of Uncommon-Factor (Li-Cs-Ta) Pegmatite Exploration Strategies for the Superior Province, Canada, and Giant Worldwide Tantalum Deposits; Ontario Geological Survey, Exploration and Mining Geology, Vol. 14, Nos. 1-4, pp. 1-30.

Channel samples have been collected by utilizing a rock noticed to chop one to a number of of steady samples alongside an uncovered outcrop primarily based on lithology, texture, and mineralogy. A number of the channel samples have been steady sampling throughout uncovered outcrop labeled as “Steady” and a few of them have been localized channel samples that have been coated by thicker soil, moss, and vegetation labeled as “Native particular person” within the channel samples spotlight tables.

High quality Assurance/High quality Management

All collected rock samples have been put in sturdy plastic luggage, tagged, and sealed at web site. Pattern luggage have been then put in rice luggage and stored securely earlier than being despatched by highway transport or delivered by the crew supervisor to SGS’s preparation facility in Crimson Lake or Sudbury, Ontario, for pattern preparation. Pulps are analyzed on the SGS facility in Burnaby, BC. All samples are analyzed with 4-Acid Digestion/Mixed ICP-AES/MS bundle (49 components). Samples with lithium overlimit (>10,000 ppm Li) are analyzed with one other 4-Acid Digestion with increased detection restrict of as much as 10% Li. Batches of samples with overlimit >10,000 ppm or 1% Li are analyzed with Sodium Peroxide Fusion for validation. The QA/QC protocol included the insertion and monitoring of acceptable reference supplies, on this case excessive focus and low focus licensed OREAS and CDN lithium requirements to validate the accuracy and precision of the assay outcomes.

Certified Particular person and Third-Get together Knowledge

The scientific and technical data on this information launch has been reviewed and authorised by Lawrence Tsang, P.Geo., VP Exploration of the Firm. Lawrence Tsang is a “certified individual” 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 obtainable for exploration initiatives, whereas minimizing shareholder dilution. Past Lithium is advancing sure of its initiatives with its exploration group and can search to choice different properties to three way partnership companions. Partnering on numerous initiatives 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 widespread shares excellent.

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

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This information launch consists of sure “forward-looking data” inside the which means of relevant Canadian securities laws. All statements, apart from statements of historic reality, included herein together with, with out limitation, statements relating to future capital expenditures, anticipated content material, graduation, and value of exploration applications in respect of the Firm’s initiatives and mineral properties, anticipated exploration program outcomes from exploration actions, sources and/or reserves on the Firm’s initiatives and mineral properties, and the anticipated enterprise plans and timing of future actions of the Firm, are forward-looking data. Though the Firm believes that such statements are affordable, it may give no assurance that such expectations will show to be right. Usually, however not at all times, forward-looking data will 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 adverse variations thereof, and phrases that discuss with sure actions, occasions or outcomes which will, may, would, may or will happen or be taken or achieved. In stating the forward-looking data 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 mandatory permits, licenses and regulatory approvals in reference to the long run exploration of the Firm’s properties, the provision of financing on appropriate phrases, and the Firm’s capability to adjust to environmental, well being and security legal guidelines.

Ahead-looking data 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 data. 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 power of the Firm to acquire ample financing to fund its enterprise actions and plans, delays in acquiring governmental and regulatory approvals (together with of the Canadian Securities Change), permits or financing, modifications in legal guidelines, rules and insurance policies affecting mining operations, dangers regarding epidemics or pandemics akin to COVID-19, the Firm’s restricted working historical past, forex fluctuations, title disputes or claims, environmental points and liabilities, in addition to these elements mentioned underneath the heading “Danger 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 will 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 data. The Firm undertakes no obligation to replace any of the forward-looking data on this information launch besides as in any other case required by regulation.

For additional data, 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

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