Lithium Australia NL Provides Sadisdorf Project Update with Drilling Nearing Completion

Lithium Australia NL is progressing the polymetallic tin-lithium Sadisdorf project in Saxony, Germany, and as outlined in the ASX announcement of 28 February 2017, is farming into a joint venture (JV) with German company Tin International AG.

The Sadisdorf project has the potential to provide feed to a commercial scale SiLeach® lithium carbonate plant and is located on the doorstep of the German automotive industry, which is rapidly gearing up to produce large numbers of electric vehicles.

LIT announced on 7 December 2017 a JORC (2012) Inferred Mineral Resource of 25 million tonnes grading 0.45% Li2O (at a cutoff of 0.3% Li2O) at the project and Sadisdorf JV partner Tin International AG has previously defined a JORC (2012) tin Inferred Mineral Resource of 3.36 Mt grading 0.44% Sn (at a cutoff of 0.25% Sn).

Drilling update

As announced on 13 December 2017 a diamond-drilling programme was commenced at the Sadisdorf project, with the programme designed to validate historical drilling data and increase confidence in future mineral resource estimates.

Drilling progress at Sadisdorf has been slower than planned due to initial hole deviation issues and exceptionally cold winter weather conditions in Germany, which adversely affected drilling productivity.

Drill hole SDDH-17-02T was stopped at a down-hole depth of 100.8 metres due to deviation from the designed drill path and the requirement to ensure drilling closely matched previous historic drill holes.

Re-drilling of this hole as SDDH-17-02TA is currently ongoing, but it should finish today.

Hole SDDH-17-01T was completed on 10 April 2018 to the target of 310m.

Geological logging of the core has shown encouraging visual indications. Completion of sampling and assaying of the remaining core will be a priority over April and May. LIT expects to provide a further update from Sadisdorf, including assay results from the completed drill programme, in coming weeks.


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