Loyal Lithium (ASX: $LLI) Quarterly Activities Report for the Quarter Ending 31 March 2024

Loyal Lithium Limited (ASX: $LLI) is pleased to present its Quarterly Activity Report for the period ended 31 March 2024. The company continues to focus on the development of its North American lithium projects, with significant progress made at the Trieste, Hidden Lake, and Scotty projects. Loyal Lithium is well positioned for further exploration with A$3.5m cash available and over A$1.5m in expected tax refunds and credits.

Executive Commentary on Quarterly Activities

The Company is excited to report the continuation of the development of Loyal Lithium as a North American focused lithium led battery minerals company. The high-grade channel sample assay results from the Trieste Lithium Project and the significant increase in mineralized strike length at the Hidden Lake Lithium Project are indicative of the potential scale and value of our projects. The innovative geophysical survey planned for the Trieste Lithium Project is expected to reveal further opportunities for exploration and development. We are also pleased with the progress at the Scotty Lithium Project and the strategic acquisition of the Renard processing facility and infrastructure by Winsome Resources, which will accelerate the development pathway for the region.

Summary of Quarterly Activities and Outlook

Loyal Lithium (ASX: $LLI) has made substantial progress in its North American lithium projects, with high-grade lithium and tantalum discoveries at the Trieste, Hidden Lake, and Scotty projects. The Company is well funded for further exploration and is strategically positioned to capitalize on the emerging North American lithium supply chain. The planned geophysical survey at the Trieste Lithium Project and the ongoing field programs demonstrate the Company's commitment to unlocking the full potential of its projects. With a focus on collaboration and strategic acquisitions, Loyal Lithium aims to establish itself as a key player in the North American lithium market.