Imagine Lithium Inc. (ILI) has announced an initial NI 43-101 compliant lithium Mineral Resource Estimate on its Jackpot Property located near Nipigon, Ontario.

Imagine Lithium Resource Estimate Details

The indicated resources amount to 3.1 Mt at 0.85% Li2O, containing 26.2 kt of lithium oxide. Additionally, the inferred resources are 5.3 Mt at 0.91% Li2O, with 49.5 kt of lithium oxide.

Jackpot Property Potential

The Mineral Resource Estimate demonstrates excellent mineralized continuity. The project includes the Jackpot Pit and Casino Royale Pit, with significant potential for resource expansion. The property benefits from existing infrastructure, including proximity to power, highway, and ports.

Advantageous Location and Prospects

Imagine Lithium emphasizes the strategic location of Jackpot, which provides unique advantages over more remote lithium projects. The initial MRE offers a strong foundation for future exploration and development.

Exploration and Development Plans

The company plans to focus on infill drilling between the Jackpot Pit shell and Casino Royale Pit. Continued exploration efforts aim to tap into the project’s unexplored potential.

Imagine Lithium continues to target additional pegmatite zones for resource expansion. Metallurgical testing has achieved encouraging Li2O recovery rates of up to 81.5%.

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