FURTHER SIGNIFICANT STEP-OUT INTERCEPTS RETURNED AT SEYMOUR



HIGHLIGHTS

  • Assays received for further seven holes from Phase 1 step-out diamond drilling of North Aubry deposit at GT1’s flagship Seymour Lithium Project.

  • Additional thick, high-grade extensional intercepts of North Aubry deposit including:

  • GTDD-22-0014 for 4.5m @ 0.61% Li2O from 250.7m (incl. 2.5m @ 1.01% Li2O)

  • GTDD-22-0013 for 18.2m @ 1.10% Li2O from 304.2m (incl. 3.1m @ 2.05% Li2O)

  • GTDD-22-0001 for 10.5m @ 1.77% Li2O from 123.2m (incl. 7.0m @ 2.11% Li2O)

  • Further northern step-out drilling of North Aubry deposit commenced; hole GTDD-22-0320 intercepts 10.7m of pegmatite with significant visible spodumene (assays pending), extending the known North Aubry pegmatite a further 150m down-dip from the nearest intercept.

  • Results from Phase 1 drilling (assays now returned for all 16 holes) indicate substantial potential upside to existing Seymour Mineral Resource estimate of 4.8 Mt @ 1.25% Li2O1.

  • Updated Mineral Resource estimate for Seymour on track for completion during Q2 CY2022.

  • No significant lithium intercepts >1.0% Li20 were returned from initial exploration drilling of the eastern Central Aubry zone (7 holes) and Pye prospect (6 holes).

  • Drilling is targeted to resume from June at both Central Aubry (western) and Pye (targeting LCTtype pegmatites of over 250m strike that were identified in the initial drilling).