EL 31214 Powell Project Annual Technical Report 10 October 2017 to 9 October 2018

Abstract

Lithium Plus Pty Ltd acquired EL 31214 from Kingston Resources Ltd through a corporate transaction incorporating a larger package of Northern Territory tenements covering the Bynoe and the Arunta regions. This package of tenements is targeting the area's potential to host hard rock lithium in pegmatite mineralisation. The current price increase and interest in lithium is due to its increased global demand as a result of its use in battery technologies. This resulted in a 'lithium rush' with numerous exploration licences pegged or re-evaluated based on its pegmatite hosted lithium prospectivity. EL 31214 was pegged to explore for pegmatite hosted lithium mineralisation. Lithium Plus undertook a reconnaissance field trip with rock chip sampling at EL 31214. Lithium Plus relocated the Desperate Mica Mine, which is the largest scale historic mica mine located within EL 31214 thus far. Numerous N/S pegmatites ranging between 1 and 10m wide were sampled in addition to the workings at Desperate.