Overview of Voltaic Strategic Resources' half-year report for the period ended 30 June 2024

Voltaic Strategic Resources Limited (ASX:VSR) is pleased to present its half-year report for the period January to June 2024. The company's net profit from operations for the half-year ended 30 June 2024 was $478,621, a significant improvement from the loss of $854,796 in the same period in 2023. The group's net assets stood at $11,220,157 as of 30 June 2024, compared to $10,526,195 as of 31 December 2023. The directors have expressed confidence in the company's ability to meet its working capital requirements and all liabilities as and when they fall due, and have prepared the report on a going concern basis.

Executive commentary on strategic JV and farm-in agreement with Delta Lithium

During the period, Voltaic executed a significant and strategic $12 million Farm-in and Joint Venture Agreement with Delta Lithium Limited (ASX:DLI) on its Ti Tree Lithium Project. This agreement allows Delta to earn an 80% interest in Voltaic's 212 km² Ti Tree Lithium Project through a two-stage earn-in arrangement over 4 years. The addition of Ti Tree's promising prospects to the Yinnetharra Lithium Project further enhances the potential for a long-life lithium operation in the area. The deal is expected to expose Voltaic to significant near-term catalysts associated with project development activities and a de-risked pathway to production and cashflow. Furthermore, the terms ensure Voltaic is well positioned to share in the benefits of any discovery, providing a further boost to the company's proforma cash reserves to $7.25M, allowing exploration to accelerate at the Paddys Well & Meekatharra projects and investigate value accretive acquisition opportunities.

Summary of Voltaic Strategic Resources' half-year report and outlook

Voltaic Strategic Resources' half-year report for the period ended 30 June 2024 reflects a notable improvement in the company's financial performance compared to the same period in 2023. The strategic JV and farm-in agreement with Delta Lithium on the Ti Tree Lithium Project is expected to significantly enhance the company's prospects and provide a de-risked pathway to production and cashflow. With a focus on accelerating exploration at the Paddys Well & Meekatharra projects and exploring value accretive acquisition opportunities, Voltaic Strategic Resources is poised for an active and promising future in the mineral exploration sector.