Spod Lithium Corp. reported that the company has completed the 1st phase of its exploration program on its MegaLi (78 mineral claims covering a total area of 3,996.67 hectares - 40 square kilometres) and Lithium Grande 4 (41 mining claims covering 2,100 hectares - 21 square kilometres) projects located in James Bay, Quebec. In addition to ground fieldwork grab sampling over a 25-day period, the company also contracted ALS Goldspot Discoveries Ltd. and Prospectair to complete a series of airborne surveys over the James Bay properties.

ALS Goldspot's M-PASS multiparameter platform consists of a triaxial magnetic gradient magnetic/VLF (very-low frequencey) platform and a 2,048-channel radiometric sensor, along with a high-precision LiDar sensor and high-resolution cameras capable of producing four band imagery. Prospectair flew 1,209km of lines at 50 meters spacing. The airborne survey aims to map the geology and identify structural trends on the property where the presence of pegmatites exists, which often correspond with magnetic lows often associated with a topographic expression.

Spod completed the work with the goal to further identify areas of potential sub-outcropping pegmatites, which will be used to guide future exploration campaigns. In addition, a ground gravity survey was completed by Val-d'Or, Québec based Géophysique TMC using a Scintrex CG-5HT and a Trimble R12I real time GPS receiver. The accuracy reported is 2.4 cm on the horizontal plane and 1.0 cm for the elevation reading.

The gravity survey aimed to evaluate the size of the Block C pegmatite and identify parallel, or satellite pegmatites covered by overburden. Approximately 9 km of lines covered the pegmatite target, split between three grids composed of 50 meter widely spaced lines from 880 to 1280 meters in length. A total strike length of approximately 800 meters was covered with 488 measures.

TMC developed an inversion model based on the assumption that the Block C pegmatite shows a similar composition as the outcropping section of Patriot Battery Metals CV5 deposit (inferred resources of 109.2 Mt @ 1.42% Li2O). The survey has already proven to be a success as a number of potential drill targets have been identified as a result of the survey. The potential drill targets will be further evaluated as part of the 2nd phase of the 2024 exploration program.

The geophysics work done to date is a key determinant for progressing on Spod Lithium?s Block ?C? pegmatite discovery previously announced on October 4, 2023. Multiple large pegmatite intrusions were identified following the north-east regional structural trend. Individual pegmatite ridges can be followed for about 1km along strike.

Peripheric exploration and mapping of the geology, indicated that potential thickness of these intrusions can be in the 10 to 50 metre range. The distribution of outcrops suggests a 500-metre-wide swarm composed of stacked intrusions. Gravimetry lines show a clear low gravity signature largely covering the position of pegmatites known at surface.

Pegmatites identified show variable concentrations of potassic feldspar, albitic plagioclase, quartz and muscovite as main components. Locally, tourmaline (black and dark blue) and garnet appear as accessory phases. The crystallization texture can be locally very coarse grain when compared with average pegmatite with individual crystals reaching locally 20 cm.

Preliminary observations indicate the zoned internal structure of the Block C pegmatite.