Overview of Chubb North drilling results

Burley Minerals Limited (ASX: $BUR) recently completed four stratigraphic drill holes at its Chubb North Prospect, confirming the presence of pegmatites as part of an evolving Lithium Caesium Tantalum (LCT) pegmatite system. The geochemical interpretation of assay results from the initial holes supports the identification of additional pegmatite outcrops, providing context for planning further drilling south of the initial holes. The Company's consulting geochemist, Dr Nigel Brand of Geochemical Services Pty Ltd, provided a brief interpretation of the commercial laboratory assay results, indicating that the majority of drill data lies within the 'fertile pegmatite' field of Cerny and Ercit (2005).

Executive commentary on Chubb North drilling

Burley Minerals' Managing Director and CEO, Stewart McCallion, stated, 'The review of the litho-geochemistry data from whole-rock samples and point feldspar data by Burley's specialist geochemist reinforces the prospectivity of the northern Chubb area. Additional pegmatite outcrops were identified at several locations between Chubb North and the spodumene bearing dykes at Chubb Central, and these will be one focus of exploration initiatives planned for 2024. In the meantime, aeromagnetic data is being acquired and a structural map will be generated, to provide better geological control of areas under glacial till cover that covers the vast majority of the Chubb Lithium Project.'

Summary of Chubb North drilling results

Burley Minerals' review of the Chubb North drilling results confirms the presence of pegmatites as part of an evolving Lithium Caesium Tantalum (LCT) pegmatite system. The specialist geochemical interpretation of assay results supports the identification of additional pegmatite outcrops, providing context for planning further drilling south of the initial holes. The Company's ambitions include exploration initiatives planned for 2024, focusing on the identified pegmatite outcrops and the acquisition of aeromagnetic data to provide better geological control of areas under glacial till cover. Burley Minerals aims to leverage these findings to enhance its understanding of the Chubb Lithium Project and advance its exploration efforts in the region.