Loyal Lithium progresses with Trieste Lithium Project

Loyal Lithium Limited (ASX: $LLI) has announced significant progress at the Trieste Lithium Project with the latest high-grade drilling assays from Dyke #04. The winter drilling program has delivered promising shallow high-grade assay results, with three of the six known spodumene dykes at the project still yet to be tested. An upcoming airborne geophysical survey in June is poised to enhance the project's development by generating additional surface and subsurface drilling targets and reveal the project's potential scale. The geophysical program will take advantage of the characteristics of the metasediment host rocks. Strategically situated along the Trieste Greenstone Belt, Loyal Lithium is well-funded, with $6.4m in cash, to support the development of the Trieste Greenstone Belt into a premier lithium hub.

Executive Commentary on Trieste Lithium Project

The team, alongside Dahrouge Geological Consulting, have done an amazing job over the winter, relentlessly executing this low-cost focused drilling campaign at Trieste. The thick, shallow, and high-grade intercepts collected to date, including 31.8m at 2.2% Li2O from near surface, is starting to expose the true potential of what could lie below. The unique metasedimentary host rock affords us the opportunity to now deploy a cutting-edge geophysical survey that will be cross checked against the drilling results to produce detailed 3D structural model to identify and confirm our next drilling targets. With further exploration and early-stage development underway on the adjoining properties of Rio Tinto/Midland Exploration, Azimut/SEQUEM and Winsome Resources, the Trieste Greenstone Belt is really starting to take shape as a globally significant lithium hub.

Summary of Trieste Lithium Project Announcement

Loyal Lithium Limited (ASX: $LLI) has made significant progress at the Trieste Lithium Project with the latest high-grade drilling assays from Dyke #04. The winter drilling program has delivered promising shallow high-grade assay results, with three of the six known spodumene dykes at the project still yet to be tested. An upcoming airborne geophysical survey in June is poised to enhance the project's development by generating additional surface and subsurface drilling targets and reveal the project's potential scale. The geophysical program will take advantage of the characteristics of the metasediment host rocks. Loyal Lithium is well-funded, with $6.4m in cash, to support the development of the Trieste Greenstone Belt into a premier lithium hub. The Trieste Lithium Project is strategically located along the Trieste Greenstone Belt and connected to multiple spodumene bearing lithium projects, including Rio Tinto/Midland Exploration, Azimut/SEQUEM and Winsome Resources' Adina-Jamar project with a JORC Inferred Mineral Resource Estimate of 59 Mt at 1.12% Li2O. The presence of mega crystals within a pegmatite dyke suggests positive geological and metallurgical attributes, potentially resulting in a simpler and more cost-effective mining and processing solution. The exploration work completed to date at the Trieste Lithium Project holds immense promise for highly prospective areas, and the data from Dykes #04 & #05 drilling will be analysed in combination with the commissioned innovative geophysical survey planned for June, prior to further field-based programs and targeted drilling. Loyal Lithium is well positioned to advance exploration works and unlock the full potential of the Trieste Lithium Project, further solidifying its position as a major contributor in Quebec's lithium supply chain.