Lithium Plus Minerals Limited announced the maiden diamond drill hole (BYDD001) from the Phase 1 drill program is complete. A thick downhole interval of 43m of pegmatite from 191.9m has been intersected. This initial Phase 1 hole was positioned to target down-dip expression of lithium mineralization approximately 50m below the discovery RC hole (KBRC024).

The discovery hole was drilled in 2017 by Kingston Resources, which returned a highly encouraging 12m at 1.43% Li2O from spodumene-bearing pegmatite. Hole BYDD001 provides positive confirmation of extension of the spodumene-bearing pegmatite system at depth. The core sample has been transferred to the Lithium Plus logging facility in Darwin for detailed logging and sampling.

Retained core is scheduled to be processed for hyperspectral scanning through the Northern Territory Geological Survey (NTGS) later this month. The hylogger scan will capture spectroscopic data to facilitate detailed characterisation of the mineralogical composition of the core. The completed diamond hole is the first of up to 9 holes of a two phase (1,800m) diamond drilling program at Lei.

The second Phase 1 diamond hole (BYLDD002) is currently underway. Results from Phase 1 holes (3 in total) are set to provide detailed characterisation and key structural information to support further drill planning and targeting. Phase 2 is planned to include up to 6 holes over 1,200m.

It is set to follow the previously announced Reverse Circulation (RC) drilling program to target further definition of lithium bearing pegmatites at the Lei Prospect. Bynoe Lithium Project: Situated on the Cox Peninsula, 45 km south of Darwin, on the northern end of the Litchfield Pegmatite Belt, with 11 granted tenements covering 297 km. Geologically centred around the Bynoe Pegmatite Field, the tenements share a border with Core Lithium's Finniss mine development.

Significant lithium mineralisation was discovered at Lei in 2017 within the north-northeast trending spodumene bearing pegmatites. Current drill ready targets are Lei, SW Cai, Cai and Perseverance. Wingate Lithium Project: Located 150km south of Darwin.

this single tenement (EL31132) covers the Wingate Mountains Pegmatite District, the southern part of the Litchfield Pegmatite Belt. It contains the known presence of pegmatites with little exploration and minor historical production of tin. Historical gold workings (Fletcher's Gully) are present.