Introduction to Lightning Minerals' auger sampling campaign

Lightning Minerals (ASX: $L1M) has initiated a focused auger sampling campaign at its 100% owned Mailman Hill gold project, located near Kalgoorlie in Western Australia. The campaign aims to identify drill targets in the prospective lithology within the Keith-Kilkenny Tectonic Zone, southeast of the Crawford Gold Project (ASX: $CVR). The Company's Managing Director, Alex Biggs, expressed enthusiasm about the potential for extensions to the Crawford deposit, highlighting the strategic location and the positive gold market. The Company remains primarily focused on critical minerals and lithium markets, with ongoing projects in Australia, Brazil, and Canada.

Executive commentary on Mailman Hill project

Alex Biggs, Managing Director of Lightning Minerals, stated, 'Mailman Hill has been a project we have been working on since our IPO in November 2022. Understanding the potential for extensions to the Crawford deposit, owned by Cavalier Resources (ASX: $CVR), is a good opportunity for the Company to potentially make a discovery in a strategic location, surrounded by tier one projects and operators. Mailman Hill provides the Company some optionality in a highly prospective gold region, on a large lease with clear potential and a very positive gold market. We are still principally focused on the critical minerals and lithium markets, supported by our recent proposed acquisition of the Caraíbas and Sidrônio projects in Brazil's Lithium Valley but see significant value at Mailman Hill in the near term which is located in one of the most established gold regions globally. As we build our business it is great to have multiple highly prospective projects across multiple jurisdictions which we feel will add significant value to our shareholders.'

Summary of auger sampling campaign and outlook

Lightning Minerals (ASX: $L1M) has commenced a 700+ sample auger drilling program at the Mailman Hill Project to test 9km of prospective lithology within the Keith-Kilkenny Tectonic Zone. The program aims to identify geochemical anomalism associated with mineralisation through alluvial cover in the region. The Company's Managing Director highlighted the potential for a discovery in a strategic location surrounded by tier one projects and operators. Lightning Minerals remains primarily focused on critical minerals and lithium markets, with ongoing projects in Australia, Brazil, and Canada. The Company sees significant value at Mailman Hill in the near term, located in one of the most established gold regions globally, and aims to add significant value to its shareholders through multiple highly prospective projects across multiple jurisdictions.