The Capricorn Lithium Project is located in the Savory Basin, in a region cross-cut by major tectonic structures, with evidence for large intrusive bodies defined by regional gravity and potassic rich responses in radiometrics. The Capricorn Lithium Project lies on the interpreted Northern Margin of a large intrusion derived from interpretation of the regional gravity data and is coincident with a large district scale northwest lineament. This is an excellent setting for multi-phased evolved intrusives to sweat “pegmatitic” material into the country rock.

A lithium anomalous zone has been identified and the Company secured the area with an 187.5km2 Exploration License application (E69/3435) in the Savory Basin in Western Australia. Historic surface geochemistry within the Capricorn Lithium Project area has indicated significant lithium anomalism with samples up to 100 times background. A large surface geochemical lithium anomaly at six times background has been defined over an area of 18 kilometres by 4 kilometres.

The Company is planning to rapidly advance the project when granted with a program of additional surface sampling and mapping to define drill ready targets.

Lithium Anomaly in historic lag sampling over 18km x 4km

Lithium Anomaly in historic lag sampling over 18km x 4km