EL 31132 Wingate Project Annual Technical Report 7 December 2018 to 6 December 2019

Abstract

Lithium Plus Pty Ltd acquired EL 31132 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 lithium price increase and interest which began in late 2016 due to its increased global demand as a result of its use in battery technologies, has plateaued during 2019. Lithium Plus remains committed to lithium exploration and holds a strong belief that the fundamentals of the lithium market support a continued expanding demanding for lithium. EL 31132 was pegged to explore for pegmatite hosted lithium mineralisation, however the Fletchers Gully Gold Field is the most advanced project on the tenement. During the reporting period Lithium Plus undertook it first on-ground exploration within EL 31132. This trip assessed and sampled prospective pegmatites and granitic source rocks as well as visiting and sampling gold bearing quartz veins at Fletchers Gully.