Bulletin Resources Limited provided an exploration update on its 130km2 Ravensthorpe Lithium Project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. LIDAR and high resolution aerial imagery survey: The Light Detection and Ranging (LIDAR) and high resolution aerial imagery survey has created a high resolution 3D image of the earth's surface and has identified over 50 new pegmatite targets.

The survey assists the targeting of potential new pegmatite outcrops and extensions to the Western and Eastern Pegmatite Trends. Over 100 pegmatites have already been mapped along the Eastern Pegmatite Trend and scope for more pegmatites exist to the north. The survey has identified numerous new pegmatite targets which have been unknown until now and lie along strike of the known spodumene bearing Big and Deep Purple pegmatites where rock chip grades up to 7.04% Li2O were collected.

The survey indicates additional pegmatites which are likely to be found with on-going mapping. New pegmatite targets along the Western Pegmatite Trend have also been identified at the Horseshoe pegmatite area where rock chip sampling grading up to 4.50% Li2O have been collected. Importantly, the potential for a third pegmatite trend west of the Western Pegmatite trend has been reinforced.

Previous explorers observed spodumene in creek float upstream (west) of the Horseshoe pegmatite, but the source of that float has yet to be found. This survey has now identified several new target areas along a 3.5km strike length for follow-up mapping and sampling. Future Work: Drilling of the Eastern Pegmatite Trend remains a priority for Bulletin and works to secure regulatory approvals are progressing.

In conjunction with this approval process, on-ground mapping and sampling of the new LIDARtarget areas will be undertaken to identify and categorise new pegmatites. Highlights: Over 50 new pegmatite targets have been identified by Light Detection and Ranging (LIDAR) and high-resolution aerial imagery; LIDAR has been successfully used within the region by other explorers and producers as a key exploration tool for the discovery of pegmatites; The survey demonstrates a high likelihood of discovering additional previously unknown pegmatite outcrops along the Eastern Pegmatite Trend; Significant additional targets along the Western Pegmatite Trend also outlined; Potential for discovery of a third pegmatite trend has been identified; Bulletin remains well funded with $9.97 million in cash, receivables and liquid investments.