ADINA EAST LITHIUM PROJECT

James Bay, Quebec, Canada

Highlights

  • Located in the prolific James Bay “lithium” district of Quebec
  • Agreement to acquire 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 to be 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)
  • Field trip completed in October 2023

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 multiple 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
  • Multiple mapped pegmatites, local lithium occurrences,60+ lithium targets generated from satellite and radar imageryanalysis

1 – Pinnacle Minerals Geological interpretation and Loyal Lithium –https://loyallithium.com/trieste-lithium-project/
2 – Loyal Lithium ASX Announcement 16th August 2023 – “Dyke #05”
3 – Pinnacle Minerals Geological interpretation and Loyal Lithium –https://loyallithium.com/trieste-lithium-project/

Lithium Targets

  • Multiple pegmatite outcrops and boulders sampled1
  • Exploration timeline
    • Rock chip sampling / mapping – Completed
    • Further field mapping and rock chip sampling – Q2/Q3 2024
    • Diamond / RC drilling of lithium targets – Q4 2024

1 – Pinnacle Minerals LIkited ASX announcement 22nd November 2023