Firetail Resources Limited provided an update on exploration activites at its Yalgoo Lithium Project ("Yalgoo") in Western Australia. A detailed mapping campaign recently completed by renowned structural geologist, Dr. John Beeson, has been successful in identifying and further extending known pegmatite occurrences at the Project. Litho-structural observations have identified multiple orientations of pegmatite bodies, which provide further support to the Company's view that the Yalgoo Project has the potential to host significant LCT pegmatites. Mapping was focused around historical lithium prospects that straddle a broadly ENE-WSW trending drainage system, with mapping confirming that these lithium occurrences are hosted within coarse to very-coarse grained pegmatite bodies, comprised of quartz, feldspar and muscovite. Multi-element geochemistry returned from rockchip sampling has highlighted that these areas are stongly anomalous for lithium, caesium, rubidium, niobium and in some areas tantalum. In total, 106 rockchip samples were collected, predominantly from pegmatite and quartz-bearing veins, and also some granitic material to better understand the potential source of pegmatite-hosted mineralisation. Individual samples were taken as a traverse (channel sample) across each vein or dyke, with samples taken between vein/lithlogical margins rather than as point samples. Selected rockchip results recorded include peak grades of: 1.35% Li2O, 732ppm Cs and 61ppm Ta in rockchip FFR26168; 1.25% Li2O, 1384ppm Cs and 88ppm Ta In rockchip FFR26169; 0.40% Li2O, 364ppm Cs and 46ppm Ta in rockchip MZN16765; 0.33% Li2O, 265ppm Cs and 13ppm Ta in rockchip MZN16766. Other results of interest include rockchip MZN16745, which returned a result of 157ppm Ta, 134ppm Cs, 91ppm
Nb and 856ppm Be. Geochemical interpretation of rockchip multi-element data has identified samples as being predominantly fertile granite, LCT pegmatite and fractionated granite, while also being indicative of pegmatite fertility and confirming the presence of a Li- bearing system. These preliminary results are very encouraging considering this is the first campaign of mapping and rockchip sampling completed by Firetail at the Yalgoo Project. To date, detailed mapping and sampling has been completed over an area of approximately 1.2km by 1.0km, with the Company set to expand the mapping and sampling program over the broader project area, across a large-scale fractionated granitoid complex, which spans an area of approximately 9km by 5km. Further detailed mapping and rockchip sampling is planned to expand mapping coverage. This work will be completed in conjunction with first pass drill testing over the high priority lithium show prospects already identified.