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101.15
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Loyal Lithium (ASX: $LLI) executes successful lithium discoveries

Loyal Lithium's Quarterly Activity Report


Loyal Lithium Limited (ASX: $LLI) has released its Quarterly Activity Report for the period ending 31 December 2023. The company has reported significant new and upgraded lithium discoveries, including the completion of the acquisition of 228 mineral claims from General Partnership Osisko Baie James, representing approximately half of the 466 claims of the Trieste Lithium Project.

Executive Commentary on Quarterly Activities


The company's continued execution on its strategy with a strong emphasis on North American lithium has led to significant new and upgraded lithium discoveries. The completion of the acquisition of 228 mineral claims from General Partnership Osisko Baie James is a major milestone for the Trieste Lithium Project. The successful execution of a fast-tracked maiden drilling program at the Trieste Lithium Project has confirmed a major lithium discovery, with high-grade spodumene bearing pegmatite drill intercepts. Additionally, the acquisition of a controlling majority stake in the advanced, high-grade Hidden Lake Lithium Project, along with the completion of the acquisition of the Scotty Lithium Project, demonstrates the company's commitment to expanding its lithium portfolio.

Summary of Quarterly Activities and Outlook


Loyal Lithium's Quarterly Activity Report highlights the company's successful execution of its strategy, leading to significant new and upgraded lithium discoveries. The completion of key acquisitions and the successful drilling programs at the Trieste Lithium Project and Hidden Lake Lithium Project have positioned the company for further exploration and development. With a strong emphasis on North American lithium, the company's ambitions and goals are aligned with its strategic focus on expanding its lithium portfolio. The outlook for Loyal Lithium remains positive as it continues to pursue its corporate strategy and aims to create significant value for its shareholders through systematic exploration of its projects.

Sourcehttps://announcements.asx.com.au/asxpdf/20240131/pdf/05zx7jny8nxlyv.pdf

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