GR452 EL 31138, EL 31212 and EL 31285 Spotted Wonder Project Annual Technical Report 3 October 2016 to 14 January 2018

Abstract

Slipstream WANT Pty Ltd pegged EL 31138 targeting the areas potential to host hard rock lithium in pegmatite mineralisation. Universal Rare Earths Pty Ltd pegged EL 31212 surrounding EL 31138 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 Spotted Wonder 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). The Spotted Wonder Project has been a priority project for Kingston Resources Ltd during this first year of tenure. Kingston identifies the Arunta Region, particularly the northern Aileron Province as a highly prospective, underexplored region for pegmatite hosted lithium mineralisation. In this first year of granted tenure Kingston has undertaken reconnaissance field assessments, mapping, rock chip sampling, soil sampling and petrological investigations within the Spotted Wonder Project. This work has resulted in the identification of two drill ready targets, the Delmore Prospect and the Tank Hill Prospect.