American Pacific Borate and Lithium announced it has completed its 14 hole confirmatory borate drilling program on its 100%-owned Fort Cady Borate and Lithium Project ("the Project") in Southern California, USA. The recently completed 14 hole, 6,800m resource drilling program was designed to confirm the historical mineral estimate defined on the project during the early 1980's. Assay results have now been received from all drill holes completed as part of the confirmatory resource drilling program. The final drill hole assays will be incorporated into the maiden JORC (2012) Mineral Resource Estimate of 93Mt @ 6.3% B2O3 (11.3% H3BO3) and 374ppm Li. Significant drill hole intersections from the historically defined "+5% B2O3 solution mining zone" as defined by Duval Corp. The additional drilling assay results further confirm the historical drilling at Fort Cady. Elevated lithium concentrations continue to be intersected throughout the entirety of the colemanite-bearing formation and is the focus of current metallurgical test works assessing the leachability of lithium during boric acid recovery. Results have been received from the initial three holes completed as part of the regional drilling program assessing the potential of the company's tenements for lithium-enriched brines for use in solution mining. Elevated lithium concentrations up to 80ppm were obtained in ground waters collected from drill hole 17FTCLI003, approximately 500m north of the Fort Cady borate-lithium deposit. These results are similar in concentration to those previously obtained in ambient brines from within the deposit (90ppm Li). The company is encouraged that the ground waters with elevated lithium concentrations occur close to the proposed mining operation and will further evaluate the hydrogeological properties of the prospective aquifers. Extensive thicknesses of unconsolidated sediments and high water inflows were problematic during drilling and sample recovery of the initial three holes. The company is analysing drilling performance logs and investigating the use of more advanced drilling techniques to improve isolation of prospective aquifers and sample quality. The company is also exploring the use of these aquifer systems to reduce brine related costs for its boric acid production. Current Work Program: Lithium brine drilling (3 of 6 holes completed). Planning and implementation of pilot-scale leaching test work program. Additional leaching test work on core samples to further refine borate and lithium leaching kinetics. Updated JORC compliant Mineral Resource Estimate targeting release in first quarter calendar year 2017. Optimisation of Scoping Study on the Fort Cady Project targeting release in first quarter calendar year 2017.