Lithium Plus Minerals Ltd. provided an exploration update on Phase 2 diamond drilling at Lei Prospect, Bynoe. First assay results received from the Phase 2 diamond drilling program, confirm mineralisation success from hole BYLDD003. The diamond hole was positioned to target 50m below BYLDD001 which intersected thick zones of spodumene mineralisation.

The assay results for BYLDD003 have confirmed the visual logging of significant spodumene mineralisation in the core with high-grade intersections returning: 28.3m @ 1.60% Li2O from 265m, including: 7m @ 2.23% Li2O from 265m; and 4m @ 2.00% Li2O from 282m. These results for hole BYLDD003 are the first received from a second phase of 6 diamond holes (for 2,000m) that follow up and build on previously reported high grade spodumene from the preliminary phase of drilling (refer LPM ASX release dated 18 October 2022), which included: (BYLDD001) 28.7m @ 1.43% Li2O from 196m (two main intervals over 38.5m); (BYLRC023) 24.0m @ 1.18% Li2O from 173m (two main intervals over 32.0m); and (BYLRC022) 14m @ 1.21% Li2O from 151m. BYLDD003 extends the primary spodumene-bearing pegmatite body at Lei vertically to a depth of approximately 250m.

The high-grade mineralised pegmatite remains open at depth.