Loyal Lithium announces discovery of seventh spodumene pegmatite dyke

Loyal Lithium Limited (ASX:LLI) has announced the discovery of a seventh spodumene pegmatite dyke, Dyke #07, during the 2024 Field Program at the Trieste Lithium Project. This significant discovery marks the first spodumene pegmatite dyke found within the prolific Trieste Greenstone Belt. The discovery aligns with the outputs of the innovative Mobile MTm survey and occurs on the eastern extent of the TR3 resistivity trend, which now includes three spodumene-bearing dykes spanning an uninterrupted 2.4 km strike length. With $6.3M in funding, Loyal Lithium is well-positioned to strategically develop the Trieste Greenstone Belt into a world-class lithium hub.

Executive Commentary on Dyke #07 Discovery

We are excited to report the discovery of this dyke, which validates the recent Mobile MTm survey findings. Special thanks to the Dahrouge field team for exposing this new outcrop within thick vegetation. This discovery, along with recent geophysics, confirms the lithium potential in the Trieste Greenstone. The six previously discovered dykes in metasediment host rocks offer low-cost mining and processing benefits. However, this greenstone discovery along TR2 highlights the prospectivity of the region where TR2, TR3, and TR4 converge, as well as the large anomalous greenstone zones along TR1 and TR2. The TRI trend aligns with world-class discoveries by Winsome, Azimut, and Rio Tinto, elevating the Trieste Greenstone Belt to a potentially significant source of North American lithium.

Summary of Loyal Lithium's Dyke #07 Discovery

The discovery of the seventh spodumene pegmatite dyke, Dyke #07, at the Trieste Lithium Project is a significant milestone, marking the first of its kind within the Trieste Greenstone Belt. The strong correlation between the Mobile MTm survey and field results boosts confidence in additional mineralised discoveries within the area. With further analysis and interpretation of the Mobile MTm 3D inversion data ongoing, Loyal Lithium is well-positioned to strategically develop the Trieste Greenstone Belt into a world-class lithium hub. The company's ambitions and goals are underscored by the $6.3M in funding, setting the stage for future exploration endeavors and potential advancements in the lithium industry.