ADINA EAST LITHIUM PROJECT

James Bay, Quebec, Canada

Highlights

  • Located in the prolific James Bay “lithium” district of Quebec
  • 75% project ownership, 25% held by Electrification and Decarbonization AIE LP (E&D Fund), a fund managed by Waratah Capital Advisors ($4B CAD under management)
  • US $500,000 payment made by E&D Fund for 25% off take from Adina East
  • Adjacent to: Trieste Lithium Project (Loyal Lithium, LLI:ASX)
    Proximal to: Adina Lithium Project (Winsome Resources, WR1:ASX)
  • La Grande Alliance eastern road will open up the Trieste greenstone belt and is expected to run through the Adina East Project
  • Multiple pegmatite targets identified from LIDAR and orthophoto survey

The Focus

  • 147 claims encompassing 72.7km2 in James Bay, Quebec
  • Adjacent to interpreted extension of the of the Trieste greenstone belt1
  • Loyal Lithium reported 40m at 1.2% Li2O in spodumene bearing pegmatite dykes starting < 5km from the western edge of the project2
  • Mapped as having a similar geological setting as the Trieste Lithium Project (LLI.ASX) – Targeting metasediments in greenstones3
  • Key “fractionation ratios” of K/Rb below 100 suggest the potential for a spodumene-bearing pegmatite to have been generated
  • Significant rubidium enrichment, up to 658 ppm, indicative of magmatic fractionation which is a precursor to lithium saturation.

1 – Pinnacle Minerals Geological interpretation and Loyal Lithium – /https://loyallithium.com/trieste-lithium-project/
2 – Loyal Lithium ASX Announcement 18th January 2024 – “Dyke #01”
3 – Pinnacle Minerals Geological interpretation and Loyal Lithium –https://loyallithium.com/trieste-lithium-project/

3D LIDAR image of Adina East Project.