Lithium Plus Minerals Limited provided a final exploration update on Phase 2 drilling at the Bynoe Project. Assay results for all outstanding samples have been returned, confirming further mineralisation at multiple locations within the Lei Prospect. Final assay results have been returned from diamond drilling completed during Phase 2 exploration at the Company's highly prospective Lei Prospect.

Spodumene mineralisation was confirmed in multiple holes, with assays returned from the final round of sampling reporting: BYLDD009 5.0m @ 0.51% Li2O from 83m, including 1m @ 0.84% Li2O; and BYLDD010 7.0m @ 0.84% Li2O from 294m; Assay results from diamond drill hole BYLDD010 further extends the primary spodumene-bearing pegmatite body vertically, with the mineralised pegmatite remaining open at depth. Diamond drill hole BYLDD009 was positioned to target the second pegmatite occurrence intersected previously in hole BYLDD004, with assays returned further confirming mineralisation at this second shallow pegmatite. Core samples exhibited high degrees of hydrothermal metasomatism indicating the breakdown of spodumene and loss of lithium (and other elements) to the wall rock, a common feature around the termination of pegmatite bodies.

Wall rock metasomatism was positively confirmed, with up to 4,000ppm Li assay and 500 ppm Sn, suggesting further high-grade potential at depth. An area of prominent Li-in-soil anomalism indicates a potential extension along the strike. The Phase 2 program was successful in confirming the continuation of the primary Lei pegmatite at depth, with Li2O grades increasing downward through the system.

Notable intersections recorded during Phase 2 drilling at Lei included: BYLDD003 28.3m @ 1.60% Li2O from 264.7m; BYLDD004 21.2m @ 1.74% Li2O from 398.8m; BYLDD005 14.7m @ 1.19% Li2O from 216.8m; and BYLDD006 11.0m @ 0.78% Li2O from 215.0m .