More Lithium Bearing Clays Intersected at Altair Project
Released
Released
Announcement PDF
12 January 2024
MORE LITHIUM-BEARING CLAYS INTERSECTED AT
ALTAIR LITHIUM PROJECT, USA
Lithium claystone mineralisation now confirmed over 1.9km of strike
Key Highlights
•
Follow-up drill-hole AL03 intersected 13.7m (45ft) @
365ppm Li from 163m (535ft) to end-of-hole.
•
The intersection in AL03 confirms that the mineralised
Siebert Formation claystone extends over 1.9km of
strike.
•
Hole ended in lithium mineralisation, indicating further
potential beyond the hole depth (176.8m/580ft).
•
Drill-hole AL02 intersected anomalous lithium over
100ppm in four 1.5m zones, with a peak assay of
148.5ppm.
•
The lithium mineralisation at Altair remains open to the
north, west and at depth around holes AL01 and AL03,
highlighting continued exploration potential.
Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to advise that it has intersected
further lithium mineralisation in recent follow-up drilling at its highly prospective 100%-owned Altair
Lithium Project in Nevada, USA. Drill-hole AL03 intersected:
•
13.7m @ 365ppm Li from 163m (535ft) to End-Of-Hole (176.8m/580ft).
This result has confirmed an extension of the mineralised Siebert Formation claystone 1.9km to the east
of the initial discovery hole AL01, which intersected two previously announced significant zones of lithium
mineralisation3, namely:
•
•
33.5m @ 481ppm Li from 80.8m (265ft); and
33.5m @ 508ppm Li from 147.8m (485ft) to End-of-Hole (181.4m/595ft).
In addition, hole AL02, which was drilled at the eastern extent of the Altair Project approximately 5.4km
east of AL03, intersected four zones of anomalous lithium-in-clays where lithium values peak over
100ppm. It is unclear at this early stage whether the intercalated claystone and fine gravels at this hole
belong to the Siebert Formation or are part of younger, Quaternary-aged sequences. However, the fact
that the clays are lithium-bearing suggests the potential for higher grades nearby if they do belong to
the Siebert Formation. A full table of assay results is provided in Appendix 3.
To continue building on the exploration success achieved to date at Altair, the Company intends to
permit additional holes to test for further intersections of lithium claystone to the north and west of the
Altair Project in H1 of 2024, with further drilling planned in H2.
Astute Executive Chairman, Tony Leibowitz, said:
“These very encouraging results from Holes 2 and 3 wrap-up what was an extremely successful first
year of drilling for Astute at Altair. The significant intercept in Hole 3 confirms that the mineralized
Siebert Formation horizon extends over a strike length of 1.9km, building on previously reported
drilling. We have lots of unfinished business at Altair and we plan to permit additional holes there
while we progress exploration activities at the exciting new Red Mountain Project.”
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Background
Centred south-west of the township of Tonopah, in the heart of one of the world’s most active lithium
exploration districts, the Altair Project was strategically staked proximal to outcropping tertiary
sedimentary host rock (known locally as the Siebert Formation) that is known to host claystone lithium
deposits around Nevada. Such deposits include the 15.8Mt LCE (lithium carbonate equivalent) Tonopah
Flats deposit1 and the 9.79Mt LCE TLC Lithium Project2 (Figure 4).
The Company completed the first hole at Altair in Q3 2023, with drill-hole AL01 successfully intersecting
two zones of lithium mineralisation:
•
•
33.5m @ 481ppm Li from 80.8m (265ft); and
33.5m @ 508ppm Li from 147.8m (485ft) to End-of-Hole (181.4m/595ft).
The Company re-commenced drilling at Altair in November 2023 with a higher-powered Reverse
Circulation (RC) drill rig more appropriate to contend with the challenging drilling conditions
encountered previously at the Project (Figure 1). Two holes were drilled at Altair for a combined 312.4m
(1,025ft), successfully intersecting claystone in both holes AL03 and AL024.
Figure 1. Drill rig set up at site AL03.
Interpretation
There is strong similarity between the soft blue-green nature and lithium grade of the clays intersected
in AL01 and AL03, indicating that the clays intersected in AL03 are an extension of the Siebert Formation
encountered in hole AL01.
The deepening of the claystone intersected in AL03 is interpreted to potentially be due to a paleochannel where Siebert Formation clays may have been eroded away and fine gravels deposited in place
(see Schematic Section in Figure 2)
Given the variation in depth of intersection, thickness and grade of the claystones between the
easternmost hole AL02 and those in AL01 and AL03, it remains unclear if the claystones intersected in
AL02 belong to the Siebert Formation and this will only be resolved with additional drilling.
Based on the drilling to date, the mineralisation remains open to the west and the north of the project,
with excellent potential to expand the extent of lithium-bearing clays. In addition, the mineralisation also
remains open, to an unknown degree, between AL03 and AL02 (Figure 3).
Next Steps
The Company will work to permit additional holes in the west and north of the project, and between holes
AL03 and AL02. Permitting is expected to be completed in H1 of 2024, allowing further drilling to take place
in the second half of 2024.
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Figure 2. Schematic Cross-Section showing AL01 lithium geochemistry and summary logging for all three holes.
Figure 3. Altair Project drill-hole location plan and arrows indicating lithium clay extension potential.
Hole ID
Easting
Northing
Dip
Depth
AL01
470859
4189179
-90°
181.4m (595ft)
AL02
478236
4188869
-90°
135.6m (445ft)
AL03
472767
4189133
-90°
176.8m (580ft)
Table 1. Drill collar locations
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Figure 4. Location of Polaris and Altair Projects, lithium deposits and exploration projects.
1 OTCMKTS: ABML 26 February 2023 ‘Technical Report Summary For The Tonopah Flats Lithium Project, Esmeralda..’
2 TSX.V: LI 17 March 2023 ‘Tonopah Lithium Claims project NI 43-101 technical report – Preliminary Economic Assessment’
3 ASX: ASE 23 August 2023 ‘Broad lithium hits in first Altair drillhole’
4 ASX: ASE 23 November 2023 ‘More Claystone Intersected at Altair Project’
Authorisation
This announcement has been authorised for release by the Board of Astute.
More Information
Matt Healy
General Manager – Exploration
mhealy@astutemetals.com
+61 (0) 431 683 952
Nicholas Read
Media & Investor Relations
nicholas@readcorporate.com.au
+61 (0) 419 929 046
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Competent Persons
The information in this report that relates to Sampling Techniques and Data (Section 1) is based on
information compiled by Mr Matthew Healy, a Competent Person who is a Member of The Australasian
Institute of Mining and Metallurgy (AusIMM Member number 303597). Mr Healy is a full-time employee
of Astute Metals NL and is eligible to participate in a Loan Funded Share incentive plan of the Company.
Mr Healy has sufficient experience that is relevant to the style of mineralisation and type of deposit under
consideration and to the activity being undertaken to qualify as a Competent Person as defined in the
2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves’. Mr Healy consents to the inclusion in the report of the matters based on his information in the
form and context in which it appears.
The information in this report that relates to Reporting of Exploration Results (Section 2) is based on
information compiled by Mr Richard Newport, principal partner of Richard Newport & Associates –
Consultant Geoscientists. Mr Newport is a member of the Australian Institute of Geoscientists and has
sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person under the
2012 Edition of the ’Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves‘. Mr. Newport consents to the inclusion in this announcement of the matters based on his
information in the form and context in which it appears.
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APPENDIX 1 - JORC Code, 2012 Edition – Table 1
Section 1 - Sampling Techniques and Data
Criteria
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (eg cut
channels, random chips, or specific
specialisedindustry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheldXRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.
5.5” reverse circulation and 5.25” tricone drilling
was undertaken for drill sample collection.
Samples were collected on a 5-foot basis in
calico bags, with a 50% split retained from a
rotary cone splitter for lab assay.
Include reference to measures taken to
ensuresample representivity and the
appropriate calibration of any
measurement tools or systems used.
Samples were air dried on elevated grid mesh
until practical to transport
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work has
been done this would be relatively simple
(eg ‘reverse circulation drilling was used to
obtain 1 m samples from which 3 kg was
pulverised to produce a 30 g charge for fire
assay’). In other cases more explanation
may be required, suchas where there is
coarse gold that has inherentsampling
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
Nominal small drill sample was collected for chip
tray and sandwich-sized ziplock bags
Claystone hosted lithium deposits are thought to
form as a result of the weathering of
lithium-bearing volcanic glass within
tertiary-aged tuffaceous lacustrine sediments of
the mapped Ts3 unit. Inputs of lithium from
geothermal sources have also been proposed.
Drilling
techniques
Drill type (eg core, reverse circulation, openholehammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter,
triple or standard tube, depth of diamond tails,
face-sampling bit or other type, whether core
isoriented and if so, by what method, etc).
5.5” reverse circulation and 5.25” tricone drilling
methods employed. Water was injected to assist
with transport ofsample from bit to surface, as
required.
Drill sample
recovery
Method of recording and assessing core
andchip sample recoveries and results
assessed.
Sample recovery established by dry sample
weights undertaken by independent
laboratory prior to sample preparation and
analysis
Measures taken to maximise sample
recoveryand ensure representative nature
of the samples.
Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gainof fine/coarse material.
Logging
Whether core and chip samples have
been geologically and geotechnically
logged to alevel of detail to support
appropriate MineralResource estimation,
mining studies and metallurgical studies.
Whether logging is qualitative or
quantitative innature. Core (or costean,
channel, etc) photography.
Challenging ground conditions arising from the
drilling of quaternary alluvial and soft claystones
did result in poor recovery in some instances.
Instances of poor recovery are not expected
tomaterially impact interpretation of results
Drill cuttings for entire hole logged for lithology by
company geologists
Logging is qualitative
Photography of material intersections of
claystone taken of relevant chip trays
See Appendix 2 for summary lithology logging
The total length and percentage of the
relevantintersections logged.
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APPENDIX 1 - JORC Code, 2012 Edition – Table 1
Criteria
JORC Code explanation
Commentary
Subsampling
techniques
and sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
Samples, 50% split using a rotary cone splitter,
were submitted to ALS Laboratories in Reno for
preparation and analysis.
If non-core, whether riffled, tube sampled,
rotarysplit, etc and whether sampled wet or
dry.
For all sample types, the nature, quality
and appropriateness of the sample
preparationtechnique.
Quality control procedures adopted for all
sub-sampling stages to maximise
representivityof samples.
Measures taken to ensure that the sampling
isrepresentative of the in situ material
collected,including for instance results for
field duplicate/second-half sampling.
Quality of
assay data
and
laboratory
tests
Whether sample sizes are appropriate to
thegrain size of the material being sampled.
The nature, quality and appropriateness of
the assaying and laboratory procedures
used and whether the technique is
considered partial ortotal.
For geophysical tools, spectrometers,
handheldXRF instruments, etc, the
parameters used in determining the analysis
including instrument make and model,
reading times, calibrations factors applied
and their derivation, etc.
Nature of quality control procedures
adopted (eg standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (ie lack of
bias) and precisionhave been established.
Verification
of sampling
and
assaying
Assay quality was monitored using pulp blanks,
as well as certified reference materials (CRMs)
at a range of lithium grades. Pulp blank results
indicated no material contamination of
samples from sample preparation or during the
analytical process. CRM results were within 3
standard deviations of certified values. No
material systematic bias nor other accuracy
related issues were identified.
The verification of significant intersections by
either independent or alternative company
personnel.
Sample intervals to be assigned a unique
sample identification number prior to sample
despatch
The use of twinned holes.
Lithium-mineralised claystone Certified
Reference Materials (standards), pulp
blanks and coarse blanks to be inserted into
the sample stream at regular intervals to
monitor lab accuracy and potential
contamination during sample prep and
analytical processes
Documentation of primary data, data
entryprocedures, data verification, data
storage (physical and electronic)
protocols.
Discuss any adjustment to assay data.
Location of
data points
Samples analysed by method ME-MS41 which is
an ICP-MS method employing an aqua-regia
digest. Aqua-regia is not considered a ‘total’
digest for many elements however is
considered fit for purpose for lithium and has
been used extensively by other parties
exploring for lithium claystone deposits in the
USA.
Accuracy and quality of surveys used to
locatedrill holes (collar and down-hole
surveys), trenches, mine workings and other
locations used in Mineral Resource
estimation.
Specification of the grid system used.
Drill collar locations determined using handheld GPS with location reported in NAD83 UTM
Zone 11. Expected hole location accuracy of +/10m
No downhole surveys conducted on vertical
holes
Quality and adequacy of topographic
control.
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APPENDIX 1 - JORC Code, 2012 Edition – Table 1
Criteria
JORC Code explanation
Commentary
Data
spacing
and
distribution
Data spacing for reporting of Exploration Results.
Drill spacing is appropriate for early exploration
purposes
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the
MineralResource and Ore Reserve estimation
procedure(s) and classifications applied.
5-foot sample interval widely adopted as
standard practice in air drilling in the USA.
Whether sample compositing has been applied.
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering the
deposit type.
Claystone beds are regionally sub-horizontal
withshallow dip of <5° although locally this may
vary
Sample
security
The measures taken to ensure sample security.
Samples picked up from the Company’s yard in
Tonopah by ALS Laboratories for direct delivery to
Reno laboratory
Audits or
reviews
The results of any audits or reviews of
samplingtechniques and data.
Not applicable
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
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APPENDIX 1 - JORC Code, 2012 Edition – Table 1
Section 2 - Reporting of Exploration Results
Criteria
JORC Code explanation
Commentary
Mineral
tenement
and land
tenure status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
Altair Claims held in 100% Astute subsidiary
Needles Holdings Inc.
The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
Exploration
done by
other parties
Acknowledgment and appraisal of exploration
byother parties.
Geology
Deposit type, geological setting and style of
mineralisation.
Claims located on Federal (BLM) Land
Drilling conducted on claims certified by the
Bureau of Land Management (BLM)
No known previous lithium exploration
conducted on Altair.
Exploration conducted in the region by other
explorers referenced in announcement body
text
The principal target deposit style is claystone
hosted lithium mineralisation. Claystone hosted
lithium deposits are thought to form as a result of
the weathering of lithium-bearing volcanic glass
within tertiary-aged tuffaceous lacustrine
sediments of the mapped Ts3 unit.
Lacustrine environments formed as a result of
extensional tectonic regime that produced ‘basin
and range’ topography observed across the
stateof Nevada. Inputs of lithium from
geothermal sources have also been proposed.
Drill hole
Information
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
◦ easting and northing of the drill hole collar
◦ elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
◦ dip and azimuth of the hole
◦ down hole length and interception depth
◦ hole length.
Drillhole locations and drilled depths are
tabulated in body report
All holes drilled vertically
If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the case.
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material
and should be stated.
Intersections, where quoted are weighted by
length.
Where aggregate intercepts incorporate short
lengths of high grade results and longer lengths
of low grade results, the procedure used for such
aggregation should be stated and some
typical examples of such aggregations should
be shownin detail.
No cut-off has been employed where the full
intersection of prospective lithology (i.e. Siebert
formation).
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
A 300ppm Li cut-off was used to quote headline
intersections, with allowance for 5ft of internal
dilution by lower grade material.
Spot grades also quoted for single drill sample
intervals where anomalous
Sample assays from overlying alluvium were
excluded from all quoted intersections.
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Section 2 Reporting of Exploration Results
Criteria
JORC Code explanation
Commentary
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in
the reporting of Exploration Results.
Insufficient information available due to early
exploration status
If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
be reported.
If it is not known and only the down hole lengths
are reported, there should be a clear statement
to this effect (eg ‘down hole length, true width not
known’).
Diagrams
Appropriate maps and sections (with scales)
andtabulations of intercepts should be included
for any significant discovery being reported
These should include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional views.
Included in ASX announcement
Balanced
reporting
Where comprehensive reporting of all Exploration
Results is not practicable, representative
reporting of both low and high grades and/or
widths should be practiced to avoid misleading
reporting of Exploration Results.
This release describes all relevant information
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but not
limited to): geological observations;
geophysicalsurvey results; geochemical survey
results; bulk samples – size and method of
treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
This release describes all relevant information
Further work
The nature and scale of planned further work
(egtests for lateral extensions or depth extensions
orlarge-scale step-out drilling).
Drill results demonstrate further work at the Altair
project is warranted.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.
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APPENDIX 2 – Altair Drilling
Summary Lithology Logging
From
To
(ft)
(ft)
AL02
0
AL02
AL02
Hole ID
Rock Formation Summary Lithology
Comments
55
Unconsolidated
Polymictic coarse grained
55
75
Unknown
Gravel - fine
Polymictic fine grained
75
85
Unknown
Claystone
Puggy
AL02
85
100
Unknown
Gravel - fine
Polymictic fine grained
AL02
100
105
Unknown
Mixed clay-gravel
AL02
105
120
Unknown
Gravel - fine
AL02
120
130
Unknown
Mixed clay-gravel
AL02
130
135
Unknown
Gravel - fine
AL02
135
150
Unknown
Mixed clay-gravel
AL02
150
155
Unknown
Gravel - fine
AL02
155
160
Unknown
Mixed clay-gravel
AL02
160
210
Unknown
Gravel - fine
Polymictic fine grained
AL02
210
250
Unknown
Claystone
Hard. Minor gravel in part
AL02
250
265
Unknown
Gravel - fine
Polymictic fine grained
AL02
265
270
Unknown
Claystone
Hard light brown green claystone
AL02
270
330
Unknown
Gravel - fine
Polymictic fine grained
AL02
330
345
Unknown
Claystone
Hard light brown green claystone
AL02
345
365
Unknown
Claystone
Hard
AL02
365
370
Unknown
Claystone
Puggy clay
AL02
370
415
Unknown
Gravel - fine
Polymictic fine grained
AL02
415
420
Unknown
Claystone
Hard light brown green claystone
AL02
420
425
Unknown
Mixed clay-gravel
AL02
425
430
Unknown
Claystone
AL02
430
435
Unknown
Mixed clay-gravel
AL02
435
445
Unknown
Gravel - fine
Gravel med-coarse
Gravelly
Polymictic fine grained
Gravelly in part
Polymictic fine grained
Gravelly in part
Polymictic fine grained
Gravelly in part
Gravel with same claystone as prior interval
Hard light brown green claystone
Gravel with same claystone as prior interval
Polymictic fine grained
AL03
0
45
Unconsolidated
Gravel med-coarse
Polymictic coarse grained
AL03
45
140
Unconsolidated
Gravel med-coarse
Polymictic medium grained
Gravel med-coarse
Polymictic coarse grained
AL03
140
240
Unconsolidated
AL03
240
460
Unknown
Gravel - fine
AL03
460
465
Unknown
Mixed clay-gravel
AL03
465
505
Unknown
Gravel - fine
AL03
AL03
505
525
525
560
Siebert
Siebert
Mixed clay-gravel
Claystone
Blue-green-grey clay with fine gravel
Blue-green-grey to creamy grey claystone
AL03
560
580
Siebert
Mixed clay-gravel
Blue-green-grey clay with fine gravel
Pebbly, rounded to angular and polymictic
Polymictic fine grained
Orange-brown puggy clay with minor gravel
Polymictic fine grained
AL01
0
225
Unconsolidated
Gravel med-coarse
AL01
225
235
Unconsolidated
Gravel - fine
AL01
235
275
Siebert
Mixed clay-gravel
Variable light orange brown clay content
AL01
275
370
Siebert
Claystone
Tan to light olive to Bluey green claystone
AL01
370
385
Siebert
Mixed clay-gravel
AL01
385
395
Siebert
Claystone
AL01
395
405
Siebert
Mixed clay-gravel
AL01
405
445
Siebert
Claystone
AL01
445
475
Siebert
Mixed clay-gravel
AL01
475
595
Siebert
Claystone
Rounded to angular and polymictic
Bluey green claystone in part
Bluey green claystone
Bluey green claystone in part
Bluey green claystone
Bluey green claystone in part
Blue-green to Dark grey green claystone
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APPENDIX 3 – Altair Drilling
Sample Assay Table
Sample
ID
Hole
ID
From
(ft)
To
(ft)
Li
(ppm)
Sample
ID
Hole
ID
From
(ft)
To
(ft)
Li
(ppm)
701701
AL02
0
5
21.7
701748
AL02
225
230
43.8
701702
AL02
5
10
20.8
701749
AL02
230
235
42
701703
AL02
10
15
23.3
701750
AL02
235
240
39.1
701704
AL02
15
20
22.1
701751
AL02
240
245
49.3
701705
AL02
20
25
21.7
701752
AL02
245
250
67.3
701706
AL02
25
30
24
701753
AL02
250
255
32.4
701707
AL02
30
35
19.7
701754
AL02
255
260
20.1
701708
AL02
35
40
19.5
701755
AL02
260
265
38.9
701709
AL02
40
45
29.1
701756
AL02
265
270
41.5
701710
AL02
45
50
20.6
701757
AL02
270
275
20.9
701711
AL02
50
55
14.9
701758
AL02
275
280
19.4
701712
AL02
55
60
24.5
701759
AL02
280
285
29.4
701713
AL02
60
65
22.1
701760
AL02
285
290
31.5
701714
AL02
65
70
20.9
701761
AL02
290
295
24.7
701715
AL02
70
75
26.4
701763
AL02
295
300
26.1
701716
AL02
75
80
72.2
701764
AL02
300
305
26.8
701717
AL02
80
85
131.5
701765
AL02
305
310
37.8
701718
AL02
85
90
92.6
701766
AL02
310
315
34.8
701719
AL02
90
95
42
701767
AL02
315
320
41.8
701721
AL02
95
100
24.7
701768
AL02
320
325
28.3
701722
AL02
100
105
77.7
701769
AL02
325
330
53.5
701723
AL02
105
110
46.8
701770
AL02
330
335
47.6
701724
AL02
110
115
19
701771
AL02
335
340
58.7
701725
AL02
115
120
27.7
701772
AL02
340
345
56
701726
AL02
120
125
93.9
701773
AL02
345
350
67
701727
AL02
125
130
125
701774
AL02
350
355
88.2
701728
AL02
130
135
74.8
701775
AL02
355
360
148.5
701729
AL02
135
140
96
701776
AL02
360
365
99.5
701730
AL02
140
145
59.7
701777
AL02
365
370
84.7
701731
AL02
145
150
67.1
701778
AL02
370
375
42.4
701732
AL02
150
155
49.3
701779
AL02
375
380
22.9
701733
AL02
155
160
77.2
701780
AL02
380
385
25.7
701734
AL02
160
165
70
701781
AL02
385
390
30.2
701735
AL02
165
170
31.2
701782
AL02
390
395
24.6
701736
AL02
170
175
28.8
701784
AL02
395
400
29.1
701737
AL02
175
180
40.1
701785
AL02
400
405
32.1
701738
AL02
180
185
41.5
701787
AL02
410
415
22
701739
AL02
185
190
53.8
701788
AL02
415
420
52.3
701740
AL02
190
195
76
701789
AL02
420
425
69.5
701742
AL02
195
200
76.3
701790
AL02
425
430
71.7
701743
AL02
200
205
30.6
701791
AL02
430
435
109
701744
AL02
205
210
22.8
701792
AL02
435
440
58.1
701745
AL02
210
215
43.9
701793
AL02
440
445
58
701746
AL02
215
220
38.2
701747
AL02
220
225
39
Suite 6, Level 5, 189 Kent St, Sydney NSW 2000 | GPO Box 2733, Sydney NSW 2001
+61 (0) 2 8046 2799 | admin@astutemetals.com
www.astutemetals.com
APPENDIX 3 – Altair Drilling
Sample Assay Table
Sample
Hole
From
To
Li
Sample
Hole
From
To
Li
ID
ID
(ft)
(ft)
(ppm)
ID
ID
(ft)
(ft)
(ppm)
701532
AL03
150
155
24
701579
AL03
375
380
28.7
701533
AL03
155
160
45.9
701580
AL03
380
385
27.5
701534
AL03
160
165
34.2
701581
AL03
385
390
26.9
701535
AL03
165
170
30.9
701582
AL03
390
395
30.7
701536
AL03
170
175
29.5
701584
AL03
39
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