Leo Lithium Limited provided further results from the Goulamina Lithium Project (Goulamina or the Project) resource drilling program, following completion of planned drilling at the Danaya Domain (Danaya). The 2022 Resource Drilling Program at Danaya has the main objective of increasing the confidence level in this part of the orebody and converting a significant amount of Inferred Resource into the Indicated Resource category. Additional objectives are increasing the overall resource base at Danaya and maintaining the current 23-year mine life at higher production rates.

The Danaya drilling program is now complete and as of 10 December, 99% of RC assay results have been received (3112 assays from a total of 3152 samples). Diamond core has been geologically logged and information is being used in the updated Danaya geological model. The previously announced Danaya resource drilling program is targeted to maintain the current 23-year mine life at higher production rates.

The planned drilling program included 65 holes 54 reverse circulation (RC) and 11 diamond (DD) holes, targeted at converting the Inferred Mineral Resources at Danaya to Indicated Mineral Resources. A second objective is to extend drilling at depth, targeting continuation of open mineralisation from previous drilling. Drilling at Danaya commenced in March 2022 and the current program is now complete.

Fifty-five reverse circulation (RC) holes (8,989 metres) and 11 Diamond holes (2,239 metres) as well as 6 RC holes with diamond tails (1,189 metres) have been completed at Danaya. The drilling program has infilled previous drilling to a nominal section spacing of 50 metres (previous nominal spacing was in the range of 100 metres in parts). As previously reported, drilling has successfully identified multiple north-south striking spodumene pegmatite dykes at Danaya.

New section through 1254150m N that includes three of the drill holes reported here. Mineralisation at Danaya is open at depth and along strike and extensions will be targeted in future drilling campaigns. The structural and geological information from the drilling campaign has been used to update the geological model which builds the framework for the new resource update for Danaya.