Assay results confirm high-grade lithium pegmatites - Brazil

Published 31-MAR-2022 11:24 A.M.

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We recently did an in-depth analysis of the latest assay results out of LRS’ Brazilian lithium project.

Here’s the full article: High Grade Lithium in Pegmatites, Open Across Strike Length… Four More Holes from LRS Still to Come

The key points from that article are:

LRS announced a peak lithium grade of 3.22% along with grades of 2.22% and 2% - meaning LRS has significantly exceeded our expectations
Attention on lithium has never been higher - and there’s four more holes worth of assay results to come in the next few weeks
We think the geological trend that LRS is mapping in Brazil bodes well for the next batch of assays because the pegmatites are generally increasing in thickness along strike to the south

This progress directly contributes to Objective #1 from our LRS Investment Memo:

What’s next: We want to see further assays as well as infill and step-out drilling in and around the South Target area eventually leading to a maiden JORC resource at LRS’ Brazilian lithium project.