EL 31137, EL 31213 Utopia Project Annual Technical Report 3 October 2016 to 31 January 2018

Abstract

Slipstream WANT Pty Ltd pegged EL 31137 targeting the areas potential to host hard rock lithium in pegmatite mineralisation. Universal Rare Earths Pty Ltd pegged EL 31213 surrounding EL 31137 at about the same time The current price rises and interest in lithium is due to its increase in global demand as a result of lithium's use in battery technologies. This has resulted in a 'lithium rush' with numerous exploration licences pegged or re-evaluated based on its pegmatite hosted lithium prospectivity. The Utopia Project was pegged to explore for pegmatite hosted lithium mineralisation. Slipstream WANT Pty Ltd then entered into a corporate transaction with Kingston Resources Ltd (who owned Universal Rare Earths Pty Ltd) to acquire a number of other lithium projects including the Arunta Project as well as other projects at Mt Cattlin (WA) and Bynoe (NT). Kingston has undertaken reconnaissance fieldtrips and soil sampling within the Utopia Project. Minor historical workings have been 'rediscovered', but no significant LCT geochemical indicators have been identified in either the rock chip sampling or the regional soil sampling undertaken thus far.