Finance

Australian Goldfields Publicizes Proposed Establish Change

VANCOUVER, BC, Would possibly 11, 2022 /PRNewswire/ — Australian Goldfields Restricted (the “Company”) (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) broadcasts that it intends to regulate its identify to Oz Lithium Firm to improved replicate the course of its firm. Further particulars on the establish change, just like the useful date, new ticker picture, ISIN and CUSIP will likely be introduced in due class.

Australian Goldfields Limited Logo (PRNewsfoto/Australian Goldfields Limited)

Australian Goldfields Minimal Emblem (PRNewsfoto/Australian Goldfields Minimal)

The Agency retains three particular person tenements that maintain assure for lithium exploration. All are located within the Pilbara Area of Western Australia. The newest developments within the spots have demonstrated lithium potential.

Pilbara Spot Lithium Exercise

  • In 2017, Mineral Sources (ASX: MIN) Wodgina Lithium Mine started manufacturing of an individual of the world’s biggest, difficult rock lithium features.

  • Pilbara Minerals (ASX: PLS) Pilgangoora lithium operation, and World Lithium Strategies Marble Bar Lithium Deposit, are additionally discovered within the Pilbara mining space.

  • December 2021, Chilean lithium producer SQM (Sociedad Quimica y Minera de Chile
    NYSE: SQM) launched a joint enterprise with Kalamazoo Belongings (ASX: KZR) on KZR’s Dom’s Hill Lithium Job.

  • The AUGF Cuprite West and Cuprite East Initiatives are strategically situated on each aspect of the KZR Dom’s Hill Belongings.

Company Pilbara Land Supply Potential for Lithium

The Nortia Process comprised of 19 blocks totaling 5,510 hectares is located 30 kilometers east of the historic mining metropolis of Nullagine. On a reconnaissance go to in February, 5 pegmatite float samples ended up obtained from the south-west portion of the assert group. All 5 ran anomalous values of lithium starting from 8.3 ppm Li to 74.1 ppm Li. The supply for the float might be a pegmatite physique with higher lithium grade facies.

The Cuprite East (6,936 hectares) and Cuprite West (2,980 hectares) Initiatives embody the Kalamazoo / SQM joint enterprise identified beforehand talked about. A the newest 1,246 soil pattern system was concluded with last outcomes envisioned within the within the neighborhood of foreseeable future. A LANDSAT technique was commissioned with Perry Distant Sensing, LLC, of Denver Colorado. The sensor perform is ongoing with a complete report envisioned in Might. broadcasts that it intends to regulate its identify to Oz Lithium Company to higher replicate the course of its enterprise enterprise. Extra info on the title remodel, such because the productive date, new ticker image, ISIN and CUSIP will likely be launched in due to course.

The Enterprise holds a couple of separate tenements that maintain promise for lithium exploration. All are discovered within the Pilbara Area of Western Australia. Latest developments within the areas have demonstrated lithium potential.

Pilbara House Lithium Exercise

  • In 2017, Mineral Strategies (ASX: MIN) Wodgina Lithium Mine started era of a single of the world’s premier, difficult rock lithium operations.

  • Pilbara Minerals (ASX: PLS) Pilgangoora lithium operation, and Worldwide Lithium Sources Marble Bar Lithium Deposit, are additionally positioned within the Pilbara mining space.

  • December 2021, Chilean lithium producer SQM (Sociedad Quimica y Minera de Chile
    NYSE: SQM) launched a three way partnership with Kalamazoo Sources (ASX: KZR) on KZR’s Dom’s Hill Lithium Problem.

  • The AUGF Cuprite West and Cuprite East Initiatives are strategically discovered on both side of the KZR Dom’s Hill Residence.

Agency Pilbara Land Bundle Future for Lithium

The Nortia Job comprised of 19 blocks totaling 5,510 hectares is discovered 30 kilometers east of the historic mining metropolis of Nullagine. On a reconnaissance go to in February, 5 pegmatite float samples had been acquired from the south-west portion of the declare group. All 5 ran anomalous values of lithium starting from 8.3 ppm Li to 74.1 ppm Li. Success point out there might be insitu pegmatites which more than likely host larger Li values. The availability for the float might be a pegmatite complete physique with higher lithium grade facies.

The Cuprite East (6,936 hectares) and Cuprite West (2,980 hectares) Initiatives embody the Kalamazoo / SQM joint enterprise famous beforehand talked about. A the newest 1,246 soil pattern program was concluded with success predicted within the round long run. A LANDSAT program was commissioned with Perry Distant Sensing, LLC, of Denver Colorado. The sensor do the job is ongoing with a full report predicted in Might nicely. Closing outcomes will likely be utilized to tutorial the business crew for onsite exploration.

The Advanced and scientific information contained on this info launch was reviewed by Mr. William Feyerabend, a Consulting Geologist and Expert Specific particular person below NI 43-101. Mr. Feyerabend participated within the manufacturing of this information launch.

ON BEHALF OF THE BOARD

Adrian Hobkirk President and CEO
T: 954-684-8040
E: [email protected]
W: www.australiangoldfields.com

References

1) Geochemistry from DMIRS particulars file (E46_795.zip) for WAMEX report A117450. Supplied at: https://geoview.dmp.wa.gov.au/GeoView/?Viewer=GeoVIEW&layerTheme=WAMEX&Module=WAMEX

2) Geological Examine of Western Australia. Obtainable at: https://www.dmp.wa.gov.au/Geological-Examine/Geological-Examine-262.aspx

3) Novo Sources Exploration Replace (January 28, 2022). On the market at: https://www.novoresources.com/information-media/info/show/index.php?content_id=491

4) Tembourah Metals (ASX: TMB) – Expands Battery Metals Portfolio (9 September 2021). Accessible at: https://wcsecure.weblink.com.au/pdf/TMB/02419569.pdf

The CSE has neither authorised nor disapproved the contents of this info launch. Neither the CSE nor its Regulation Knowledgeable companies Provider (as that phrase is printed within the insurance coverage insurance policies of the CSE) accepts obligation for the adequacy or accuracy of this launch.

This info launch incorporates particular “forward-hunting statements” inside simply the that means of Space 21E of america Securities and Change Act of 1934, as amended. Apart from statements of historic level referring to the Agency, certain info contained herein constitutes forward-seeking statements. Forward-hunting statements are primarily based upon opinions and estimates of administration on the date the statements are made and are subject material to quite a lot of dangers and uncertainties and different elements which may trigger exact results to vary materially from these projected within the forward-wanting statements. The reader is cautioned to not place undue reliance on forward looking out statements. We search secure and sound harbor.

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