Delta Lithium (ASX: $DLI) Mt Ida Gold Resource Upgrade

Delta Lithium Limited (ASX: $DLI) has announced a major upgrade to the gold resource at its 100% owned Mt Ida Project in Western Australia. The upgrade includes an 82% increase in contained gold for the Mt Ida Project, with new Mineral Resource Estimate (MRE) prepared by External Consultant Snowden Optiro. The upgrade represents a significant increase in the Baldock Deposit and the maiden Mineral Resource Estimate for the Golden Vale Prospect. The Company has also received mining approval for Phase 1 Open Pit mining at Mt Ida, providing further optionality to monetize gold assets and drive progress at Delta's core lithium business.

Managing Director, James Croser, on Mt Ida Gold Resource Upgrade

Managing Director, James Croser, expressed his satisfaction with the results, stating, 'This is a wonderful result for Delta shareholders, reaffirming our long-held belief that the gold system at Mt Ida has significant scale and upside. The Baldock is fast becoming one of very few, large high-grade undeveloped gold deposits in WA in excess of 500koz. The commencement of open pit mining has been approved, and the underground approval with the Department is submitted and pending. We are investigating the best options for Delta shareholders to crystallize value from our gold, which can then be applied to further developing our core lithium business. The efforts of Delta's Geology team have been tireless and driven toward this success. We have already started follow up gold drilling at Mt Ida to target resource growth beyond 1Moz.'

Summary of Mt Ida Gold Resource Update

The Mt Ida Gold Resource Update by Delta Lithium (ASX: $DLI) demonstrates a significant increase in the contained gold at the Mt Ida Project, with an 82% increase in the overall Mineral Resource Estimate (MRE) and a 82% increase in the Baldock Deposit. The Company has also received mining approval for Phase 1 Open Pit mining at Mt Ida and is expecting to release a Scoping Level gold development study within the coming months. With ongoing drilling activities and potential resource growth, Delta Lithium remains open to all options around crystallizing value from the gold resources at Mt Ida.