Promising Discovery in Phase 3 Drilling at Lei Prospect

Lithium Plus Minerals Limited (ASX: LPM) has achieved a notable breakthrough in its Phase 3 diamond drilling campaign at the Lei Prospect. The first drill hole, BYDD011, intercepted a wide pegmatite interval measuring 43.0 meters from 443.0 meters to 486.0 meters. This finding provides a strong indication of the extension of the Lei pegmatite system at depth, below the 2022 intersection.

The discovery of the wide pegmatite interval in BYDD011 suggests the potential for a significant lithium deposit at the Bynoe Project. The core sample obtained from the drill hole has been sent to the Lithium Plus facility in Darwin for detailed analysis and sampling. The company eagerly awaits assay results while continuing their drilling program, which includes the upcoming use of a RAB rig. They remain optimistic about the potential to define a maiden lithium resource by the fourth quarter of 2023.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com