Significant Lithium Discovery Unveiled at Blakala with Exceptional Grades

Highlights:

• First Lithium Ltd reports groundbreaking findings from its Blakala lithium prospect in Mali, confirming high-grade lithium mineralization.
• Ongoing diamond core drilling, now intensified with a second rig, aims to swiftly progress Blakala towards a JORC compliant Mineral Resource in 2024.
• With drilling continuing, the company remains optimistic about the project's expansion.

First Lithium Ltd (ASX:FL1) reports groundbreaking findings from its Blakala lithium prospect in Mali, confirming high-grade lithium mineralization. Key highlights from initial drill holes include a remarkable 111.0m intersection at 1.57% Li2O in hole BDFS02, with a subsection hitting 3.39% Li2O over 10.0m. Hole BDFS03 delivered a notable 60.00m intersection at 1.59% Li2O, featuring 38.0m at 1.76% Li2O. These assay results align with visual estimates, substantiating the quality of spodumene mineralization. The high-grade mineralization is not only evident at the surface but extends to depth and along strike.

Ongoing diamond core drilling, now intensified with a second rig, aims to swiftly progress Blakala towards a JORC compliant Mineral Resource in 2024. The results, obtained from the initial 3 of 19 drill holes, underscore the project's potential as First Lithium eagerly awaits further assay outcomes in early January. The Blakala prospect positions itself strategically, less than 5 km from a major highway and with vast tenure in the Gouna and Faraba areas.

FL1 Managing Director, Venkat Padala, expressed confidence in Blakala's capability to yield a substantial high-grade mineral resource, citing outstanding grades and depth. With drilling continuing, the company remains optimistic about the project's expansion, emphasizing the strategic relocation of the Faraba diamond core drill rig to expedite the program.

The Blakala discovery holds promise for the lithium sector, enhancing Mali's significance in the global lithium market.

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