Lord Resources Limited announced the results from its first-pass exploration at Horse Rocks Lithium Project, located 20km south of Coolgardie, WA and within 8km's of Mineral Resources Mt Marion Lithium Mine. A comprehensive surface geochemical sampling program was completed at the Horse Rocks Project, covering the entire tenement area. A total of 690 soil samples were collected via auger, from depths between 0.1m and 1.3m.

Samples were collected on a 400m by 100m grid, with some areas infilled to 200m line spacing in areas of historically mapped pegmatites. Peak values returned in the soils were 182ppm lithium (Li), 42ppm caesium (Cs) and 42ppm tantalum (Ta). The sampling has outlined seven distinct and significant geochemical anomalies, which display elevated levels in multiple elements, predominantly lithium, caesium, niobium, and tin.

Prospectivity and fertility ratios suggest the presence of fractionated materials, particularly with the K/Rb vs Li ratio. The results from the surface geochemical program, have identified highly prospective follow-up lithium targets over significant strike lengths, with the same elemental signatures that have been seen at known lithium mineralisation locations in Western Australia. The soil geochemistry suggests that the pegmatite swarm is largely of the LCT (lithium-caesium-tantalum) mineralisation type, the most significant for lithium deposits and what is commonly associated with economic occurrences of lithium and tantalum found in the Western Australian pegmatite districts.

Three priority 1 anomalies, and four priority 2 anomalies have been identified. The most significant anomaly is in the centre of the lease (Anomaly 1), situated on the hinge of an anticline, where the greenstone units have been folded. The anomaly covers approximately 1,400m x 700m, with coincident elevated Li, Cs and Be, and strong indication of fractionation with K/Rb ratios.

Anomaly 2 is situated on a prospective shear zone, between the mafic/ultramafic package and siliciclastic sediments. New lithium bearing pegmatites have been identified by the Lord Resources technical team during field reconnaissance and mapping, along with confirming previously reported outcropping pegmatites. Mapping has indicated that pegmatites are more prevalent than previous mapping has indicated.

A total of 42 outcrop rock samples were collected and sent for multi-element analysis. Three of the pegmatite rock samples returned ratios that indicate a high degree of fractionation (K/Rb <20 & Nb/Ta <5), which implies these pegmatites have the potential to host LCT mineralisation. Sample 22HR740 (412ppm Li, 165 Cs) was a pegmatite float sample collected from within priority geochemical anomaly.

The lithium values returned was from sample 22HR720, with an assay of 932 ppm Li, 698ppm Rb and 177ppm Cs, from a sample of pegmatite.