Partial Relinquishment Report EL 31140 Anningie Lithium Project from 7 November 2016 to 1 July 2020

Abstract

This report details exploration conducted within the relinquished portion of EL 31140 by Core Lithium Ltd (CXO). The area is located around the historic Anningie Tin (Pegmatite) Field in the Northern Territory, approximately 225 km N-NW of Alice Springs. The pegmatite occurrences in the Anningie Tin (Pegmatite) Field have previously provided opportunities for the discovery of commodities such as Sn-Ta. However, prior to investigation by government geologist Frater (2005), no historical exploration or prospecting investigations had explored the potential for pegmatite-related lithium (Li) mineralisation. CXO believes there is a high potential for discovery of prospective L-C-T Type pegmatite mineralisation in the region, but the relinquished portion has low prospectivity based purely on geology and geophysics. No on-ground exploration has taken place on this portion, but a literature review was carried out and is the basis of the regional geology section below. Reconnaissance mapping, rock chip sampling and soil geochemistry programs have been undertaken on the adjacent still-granted ground. Following a review of CXO's exploration tenure holding in the NT the company has decided to partially relinquish this license so it can focus further on developing and progressing the Finniss Lithium Project.