Lithium Plus Minerals (ASX: $LPM) Exploration and Advancement Update

Lithium Plus Minerals Limited (ASX: $LPM) has provided an exploration and advancement update for the Bynoe and Arunta project areas in the Northern Territory, Australia. The company reported significant spodumene mineralisation intersected at the Lei Deposit, along with plans for CY2024 exploration initiatives at the Bynoe and Arunta project areas.

Executive Commentary on Exploration Strategy

While advancing the Lei deposit further, the focus for CY2024's exploration endeavours is to enhance the value of our exploration portfolio. This exploration strategy will support our dual aims of delivering multiple new shallow mineralised pegmatite discoveries in proven areas of prospectivity in Bynoe and potential new uranium and rare earth discovery in Arunta area, while continuing to advance the Lei Deposit. We are excited for the progress we can make in the near future as we continue to interrogate and advance our high-quality exploration portfolio.

Summary of Exploration and Advancement Update

Lithium Plus Minerals (ASX: $LPM) has reported significant spodumene mineralisation intersected at the Lei Deposit, exceeding width and grade profile expectations, highlighting substantial mineral resource estimate (MRE) growth potential. The company plans to progress early-stage feasibility work and further infill drilling during the CY2024 field season to support mining studies. Additionally, the CY2024 exploration initiatives at the Bynoe and Arunta project areas aim to maximize the current strong cash position by focusing on prospect areas with significant discovery potential beyond the Lei Deposit. Detailed geological mapping and extensive geochemistry programs are set to commence at the Moonlight prospect in April 2024 to further enhance portfolio value. The company's exploration strategy aims to deliver multiple new shallow mineralised pegmatite discoveries in proven areas of prospectivity in Bynoe and potential new uranium and rare earth discovery in Arunta area, while continuing to advance the Lei Deposit.