Delta Lithium (ASX: $DLI) Exploration Update

Delta Lithium Limited (ASX: $DLI) has released an update on the ongoing exploration activities at its 100% owned Western Australian Projects, Yinnetharra Lithium Project, and the Mt Ida Project. The Yinnetharra Lithium Project covers a substantial 1,769km2 within the Gascoyne Lithium Province of Western Australia, with a Maiden Resource Estimate (MRE) of 25.7Mt @ 1% Li2O reported at the Malinda Prospect in December 2023. The Mt Ida Project, located 240km north of Kalgoorlie, contains JORC resources for both Lithium and Gold, with a Lithium MRE of 14.6Mt @ 1.2% Li2O and a Gold MRE of 6.6 Mt @ 3.5g/t Au for 752,000 oz.

Managing Director's Commentary

The Managing Director, James Croser, highlighted the Company's focus on advancing the gold asset at Mt Ida in parallel with a prudent approach to lithium exploration during the current cycle low. The Company aims to redeploy resources across its operating sites, with continued lithium metallurgy and development work at Malinda in Yinnetharra. Additionally, gold exploration has commenced at Mt Ida to target high-grade resource extensions and regional targets.

Exploration Update Summary

Delta Lithium's exploration update reveals continued high-grade lithium results at Yinnetharra and the commencement of gold exploration at Mt Ida. The Company plans to complete the resource definition program for Malinda and collect representative bulk samples for metallurgical testwork at Yinnetharra. At Mt Ida, the Company aims to extend the high-grade gold resources through a four-stage drill program, targeting shallow resource extensions, deeper high-grade shoots, and regional prospects. Delta Lithium remains open to all options to maximize the value from monetizing the gold asset. The ongoing exploration efforts and cooperation with Traditional Owners will support the expansion and further definition of target prospects as the Company moves into development phases at Malinda while also increasing regional efforts across the tenure.