Bulletin Resources Limited provided laboratory assay results from the recent mapping and rock-chip program on its 130km2 Ravensthorpe Lithium Project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. On-ground mapping and sampling of potential new pegmatite outcrops from the LIDAR and high resolution imagery targeting program commenced with the onset of drier weather conditions. New work from the program has identified a high-grade spodumene bearing pegmatite in the southern extent of the Western Pegmatite Trend. Rock chips of the outcropping, weathered spodumene returned significant lithium grades including: 4.81% Li2O, 4.67% Li2O, 4.31% Li2O, 3.54% Li2O. The newly identified high-grade spodumene bearing pegmatite lies 700m south of the Horseshoe pegmatite and immediately north of Bulletin's southern tenement boundary. The pegmatite outcrops for 100m in strike length and has an apparent width of up to 10m, dipping moderately to the southwest. The spodumene bearing core of the pegmatite strikes for approximately 20m in length with spodumene generally appearing more siliceous and foliated than the spodumene seen along the Eastern Pegmatite trend. Mapping north and along strike of the Deep Purple pegmatite in the Eastern Pegmatite Trend has identified
numerous small and discrete pegmatite outcrops. The pegmatites immediately north of the Deep Purple pegmatite generally appear granitic and poorly evolved in appearance and are considered to have lower prospectivity for lithium mineralisation. Further north, the pegmatites return to a more evolved, coarse grained nature though no significant lithium assays were returned from this area. This recent mapping campaign continues to raise the prospectivity of this underexplored area. Bulletin will continue its mapping and sampling program to develop the potential of this area while current clearing and drilling permits progress. Bulletin's environmental reports from Spring season surveys were submitted to DMIRS early December last year. The surveys identified some areas support habitat suitable for fauna including black cockatoos and mallee fowl, with one cockatoo nest and three inactive mallee fowl mounds identified some distance away from proposed works. The surveys concluded the overall impact of clearing drill rig access tracks and exploration drilling will be minimal and not likely to result in significant impact on fauna habitat. However, as a result of the survey findings, and taking a responsible precautionary approach to the environment, Bulletin has implemented several mitigation strategies to further ensure minimal disturbance of the local fauna and a referral to the Department of Climate Change, Energy, the Environment and Water to review these mitigation measures is also in progress. Bulletin looks forward to the receipt of drilling approvals and will continue to update shareholders as the approvals process progresses.