Lithium resource exploration

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Imagine Lithium Highlights Robust Initial Mineral Resource, Strong Metallurgy and Upcoming Drill Program at Jackpot Property
Newsfile· 2025-10-15 12:30
Core Insights - Imagine Lithium Inc. has reported significant technical milestones at its 100%-owned Jackpot Lithium Project, indicating strong potential for the project as an open-pit, hard-rock lithium deposit [1] Resource Highlights - The NI 43-101 compliant Mineral Resource Estimate (MRE) outlines two conceptual pit shells, Jackpot and Casino Royale, both showing good grade continuity and strong potential for resource expansion [3] - The Indicated Resource is 3.1 million tonnes grading 0.85% Li₂O, containing 26,200 tonnes of Li₂O, while the Inferred Resource is 5.3 million tonnes grading 0.91% Li₂O, containing 49,500 tonnes of Li₂O [7] Metallurgical Test Work - Early metallurgical results indicate that Jackpot mineralization can produce a high-grade spodumene concentrate suitable for the lithium battery supply chain, with a recovery rate of 81.5% Li₂O based on SGS metallurgical testing [4][8] Recent Surface Exploration Programs - A series of surface exploration programs have refined targets across the Jackpot property, including diamond drilling that intersected 0.92% Li₂O over 35.10 meters in hole JP-24-31 [5] - Continuous channel sampling returned exceptional results, including 65.10 meters at 1.10% Li₂O, confirming excellent surface continuity along multiple dykes [11] - Geological mapping and sampling have identified six new spodumene-bearing pegmatite zones outside the current resource pit shells, which remain untested by drilling [11] Upcoming Exploration Program and Next Steps - An aggressive 2026 exploration program is planned to expand known mineralization and test newly identified targets, including resource expansion drilling and geological mapping [19]