Group Report 495 EL 31138, EL 31212, EL 31285, EL 31553 Spotted Wonder Project Annual Technical Report 14 January 2018 to 14 January 2019

Abstract

Lithium Plus Pty Ltd acquired the Spotted Wonder Project from Kingston Resources Ltd through a corporate transaction incorporating a larger package of Northern Territory tenements covering the Bynoe and the Arunta regions. The Spotted Wonder Project comprises four exploration licences EL 31138, EL 31212, EL 31285 and EL 31553. 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. The Spotted Wonder tenements were pegged to explore for pegmatite hosted lithium mineralisation. Lithium Plus completed an initial RC drilling program at Delmore and Tank Hill Prospects as well as collecting regional soil samples and rock chips. The drilling program targeted prospective hard rock lithium mineralisation. Results were underwhelming, however more investigations are required to determine if and if so, where spodumene may have formed in the pegmatite system. The Spotted Wonder Project was sold by Kingston Resources Ltd to Lithium Plus Pty Ltd in August 2018. This report represents the 1st Group Report (GR495) from Lithium Plus after Kingston completed one group annual technical report for the project (GR452) in 2017.