Oceana Lithium (ASX: $OCN) March 2024 Quarterly Activities Report

Oceana Lithium Limited (ASX: $OCN) has released its activities report for the March 2024 quarter, highlighting significant findings at the Solonópole Project in Brazil and the Napperby Project in Australia. The company reported anomalous lithium values above 100 ppm, with some reaching up to 631 ppm in Brazil, and outstanding uranium/thorium ratios in Australia. Oceana remains well-funded with approximately $2.67m in cash at the end of March 2024.

Executive Commentary on Exploration Activities

The anomalous lithium values found in Brazil and the outstanding uranium/thorium ratios in Australia are extremely promising for Oceana Lithium. These findings enhance the prospectivity of our existing and new targets, particularly at the Solonópole Project in Brazil. We are pleased with the progress and are planning for the next follow-up drilling campaign. Additionally, the appointment of experienced geologist Aidan Platel as a non-executive director and Brazilian-based geologist Mike Sousa as Exploration Manager and Competent Person further strengthens our team and capabilities.

Summary of Oceana Lithium's March 2024 Quarterly Activities

Oceana Lithium's March 2024 quarterly activities report showcases significant progress at the Solonópole Project in Brazil and the Napperby Project in Australia. The company's exploration activities have revealed anomalous lithium values in Brazil, with some samples reaching up to 631 ppm, and outstanding uranium/thorium ratios in Australia. These findings have enhanced the prospectivity of existing and new targets, leading to the planning of a follow-up drilling campaign. Oceana remains well-funded with approximately $2.67m in cash at the end of March 2024, positioning the company strongly for its upcoming exploration endeavors.