Lake Johnston Lithium-Nickel Project

The Lake Johnston Lithium-Nickel Project is located approximately 400 km east of Perth and 200 km southwest of Kalgoorlie in Western Australia.

The project consists of eight exploration licence applications covering a total of 690km2.

The exploration ground extends to within 10 kilometres east of the world class Mount Holland Lithium mine and concentrator being developed under the Wesfarmers Limited/SQM Australia Pty Ltd joint venture. The Mt Holland Lithium project includes the Earl Grey Lithium deposit with a reported Mineral Resource of 189 million tonnes grading 1.5% Li2O[1], making it a globally significant high-grade hard rock lithium deposit.

The ground also sits to the immediate west and north of Poseidon Nickel Limited’s Lake Johnston Project, encompassing the Maggie Hays/Emily Ann mine and associated processing plant, which is currently under care and maintenance. The Emily Ann Mine historically produced 46,000 tonnes nickel with a resource grade averaging 4.1% nickel[2].

Reconnaissance exploration commenced in January 2022 with mapping and on ground evaluation.

[1] See KDR ASX Announcement dated 19 March 2018 for further details

[2] See POS ASX Announcement dated 26 September 2018 for further details