Lightning Minerals reports positive phase 1 soil sampling results from Canabrava project in Brazil

Lightning Minerals (ASX:L1M) has reported encouraging phase 1 soil sampling results from its Canabrava project in Minas Gerais, Brazil. The company collected 129 samples and achieved peak lithium assays of up to 113ppm, providing increased confidence in the prospectivity of the region. The project, previously known as Sidrônio, has also identified multiple pegmatite occurrences and pegmatite float material, supporting the exploration thesis. Lightning Minerals is now planning further infill soil sampling to refine drill targeting.

Executive Commentary on Canabrava Project

Positive Stage 1 results from the now renamed Canabrava prospect are very encouraging. It's great to see the area that was highlighted as a priority target has returned strong initial results and provides further opportunity to complete infill soil sampling in this area; the purpose being to more accurately and confidently define drill targets. The Lithium Valley region of Minas Gerais is a highly prospective, easy to operate in, low-cost jurisdiction and is starting to yield positive results already for the Company. We are making great progress in Brazil, these early-stage works are critical to ensuring a focused and effective drilling campaign and the speed and quality of the work is testament to our geology team. As we have always discussed, we are committed to the lithium thematic and what better place to back that than one of the most cost effective and prospective lithium regions on the planet. We look forward to exciting further updates soon.

Summary of Canabrava Project and Future Plans

The phase 1 soil sampling program at Canabrava project has delivered positive lithium assays, with peak values of up to 113ppm. Lightning Minerals is now planning further infill soil sampling to refine drill targeting and is optimistic about the prospectivity of the region. The company is also progressing with soil sampling at the Caraíbas and Esperança projects, with geophysics interpretation works pending across all three project areas. Lightning Minerals is committed to the lithium thematic and is focused on ensuring a successful drilling campaign in the highly prospective Lithium Valley region of Minas Gerais, Brazil.