Li3 Lithium Corp Broadcasts Submitting of NI 43-101 for the Mutare Lithium Mission in Zimbabwe
Li3 Lithium Corp. (TSXV: LILI) (FSE: WD9)(“Li3 Lithium” or the “Firm”) is happy to announce that it has filed a technical report, in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”) for the Firm’s 50% owned Mutare Lithium Mission situated in Manicaland Province of northeastern Zimbabwe.
The Mutare Lithium Mission consists of 66 claims of assorted sizes masking a floor space of 26.955 km2 alongside a 57 km northeast-trending strike of the extremely mineralized Mutare Greenstone Belt. The massive-scale working Sabi Star Lithium Mine is instantly adjoining to the Mutare Lithium Mission claims situated within the central area of the Mutare Greenstone Belt. The Mutare Lithium Technical Report paperwork and confirms the outcomes of historic prospecting and exploration actions accomplished by earlier house owners of the property and up to date information compilation, assessment and floor sampling work accomplished by the Firm. It additionally gives further data on the undertaking’s historical past, regional geology and historical past of artisanal and business lithium and tantalum mining, mineralization types and exploration targets, and gives suggestions for exploration work.
In Might 2023, Li3 Lithium Corp. and Premier African Minerals Restricted entered right into a three way partnership shareholders settlement whereby every of Li3 Lithium and Premier African Minerals respectively maintain an efficient 50% partnership curiosity, with the 2 firms to collectively fund exploration work on the Mutare Lithium Mission. Li3 Lithium has been named as operator of the undertaking which is to be co-explored and co-developed with in-country experience to be supplied by Premier African Minerals, proprietor and operator of the Zulu Lithium Tantalum Mine situated in Zimbabwe.
The technical report, titled “NI 43-101 Technical Report, Mutare Lithium Mission, Zimbabwe”, dated June 30, 2023 (with an efficient date of June 30, 2023), was ready for the Firm in accordance with NI 43-101, by unbiased geological marketing consultant, André Ciesielski, PGeo, D.Sc. and Francois Auclair, P.Geo. M.Sc., CEO and President of Li3 Lithium, co-authored the report as a non-independent Skilled Geologist. The Mutare Lithium Technical Report is accessible on SEDAR (www.sedar.com) underneath the Firm’s issuer profile and on the Firm’s web site (www.lithium3.com).
Certified Particular person
François Auclair, QP, M.Sc, Quebec Order of Geologists, CEO and President of Li3 Lithium, is the non-independent certified particular person as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives for the technical disclosure contained on this information launch. Mr. Auclair has reviewed and permitted the technical disclosure contained on this information launch.
About Li3 Lithium Corp.
Li3 Lithium is targeted on buying and creating arduous rock spodumene lithium property in Zimbabwe and Argentina, the place the founders have vital expertise and relationships. As evidenced by latest market development, arduous rock lithium deposits are forecast to proceed to dominate the worldwide provide of lithium given the shortage, complexity and capex-intensive nature of different brine sources.
Contact Info:
Li3 Lithium Corp.
Francois Auclair, P.Geo, M.Sc., CEO and President
Tel: 514-889-5089
E-mail: [email protected]
www.lithium3.com
CAUTIONARY STATEMENT:
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch.
This information launch accommodates sure “forward-looking data” throughout the that means of relevant securities legal guidelines. Ahead wanting data is regularly characterised by phrases resembling “plan”, “count on”, “undertaking”, “intend”, “imagine”, “anticipate”, “estimate”, “might”, “will”, “would”, “potential”, “proposed” and different comparable phrases, or statements that sure occasions or circumstances “might” or “will” happen. These statements are solely predictions. Ahead-looking data relies on the opinions and estimates of administration on the date the knowledge is supplied, and is topic to a wide range of dangers and uncertainties and different components that would trigger precise occasions or outcomes to vary materially from these projected within the forward- wanting data. For an outline of the dangers and uncertainties going through the Firm and its enterprise and affairs, readers ought to discuss with the Firm’s Administration’s Dialogue and Evaluation. The Firm undertakes no obligation to replace forward-looking data if circumstances or administration’s estimates or opinions ought to change, until required by regulation. The reader is cautioned to not place undue reliance on forward-looking data.
