Pantoro Limited advised that the results from the initial phase one drilling program completed by Mineral Resources Limited (MinRes) at the Buldania Lithium Project. The Buldania Lithium Project is the initial focus of the joint venture between MinRes, Pantoro and Tulla Resources Plc as announced on 14 December 2021 (the Norseman Lithium JV). MinRes conducted the work as part of its initial earn in under the Norseman Lithium JV.

The initial 8,000 metre drilling program was focussed on 1.6 kilometres of strike where elevated lithium values were returned from rock chip sampling of outcropping pegmatites. These were identified in initial reconnaissance work undertaken by Pantoro as part of its evaluation of the broader potential of the Norseman tenement package. No prior work on the lithium potential had been conducted and this program is the first drilling campaign on the tenement.

The drilling has confirmed the presence of lithium bearing pegmatites with significant results returned including: 9 m @ 1.26% LiO and 151ppm TaO from 30 m. 8 m @ 1.10% LiO and 118 ppm TaO from 53 m. 6 m @ 1.02% LiO and 103 ppm TaO from 64 m. 6 m @ 1.03% LiO and 146 ppm TaO from 39 m. 2 m @ 1.79% LiO and 202 ppm TaO from 42 m. 3 m @ 1.47% LiO and 125 ppm TaO from 134 m. 3 m @ 1.24% LiO and 248 ppm TaO from 64 m. 3 m @ 1.23% LiO and 143 ppm TaO from 62 m. MinRes has advised that its forward work program will consist of additional drilling, an auger soil sampling program over the full length of the prospective stratigraphy, aerial geophysical surveys and flora and fauna surveys. Work is now underway.