Lithium Plus Minerals announces maiden high-grade lithium resource at Bynoe Lithium Project

Lithium Plus Minerals Limited (ASX:LPM) has declared a maiden 4.1Mt at 1.43% Li2O Mineral Resource Estimate (MRE) at the 100% owned Bynoe Lithium Project near Darwin in the Northern Territory, Australia. The resource includes assay results from a recently completed drilling program comprising seventeen drill holes for approximately 7,332 meters. The primary Lei pegmatite contributed solely to the current MRE, with the open zone beneath the extent of current drilling to remain a potential target for future work. Further drilling focus now shifts to Perseverance and Jenny's prospect areas in line with the company's multiple discovery strategy and expected hub and spoke model for future development.

Executive Chairman, Dr Bin Guo, comments on the maiden MRE for the Lei Deposit

Dr Bin Guo, Executive Chairman of Lithium Plus Minerals, stated, 'We have delivered on our commitment to shareholders to delineate a high-grade Mineral Resource by year end at Lei. This milestone represents the culmination of targeted exploration activities by the Lithium Plus team at Lei throughout the 2022 and 2023 field seasons. We are confident in the potential at Bynoe and that this outcome represents the first of numerous, similar style, lithium deposits capable of being delineated across our richly fertile pegmatite fields. Our exploration focus now firmly shifts to our set of high priority pegmatite occurrences, initially targeting the Perseverance and Jenny's prospect areas. In parallel, we continue to firm up drill targets from among the many historically known pegmatites occurring in clustered linear swarms in and around the King's Landing Area and beyond.'

Summary of the maiden high-grade lithium resource at Bynoe Lithium Project

Lithium Plus Minerals has successfully declared a maiden 4.1Mt at 1.43% Li2O Mineral Resource Estimate at the Bynoe Lithium Project. The resource includes assay results from a recently completed drilling program comprising seventeen drill holes for approximately 7,332 meters. The company's exploration focus now shifts to high priority pegmatite occurrences, targeting the Perseverance and Jenny's prospect areas. The maiden MRE at Lei represents the first step in line with the company's multiple discovery strategy and expected hub and spoke model for future development potential. Lithium Plus Minerals looks forward to another busy year of advancement of the Bynoe Lithium Project in 2024.