Imagine Lithium Inc. (TSXV: ILI) has announced an initial NI 43-101 compliant lithium Mineral Resource Estimate at its Jackpot Property near Nipigon, Ontario. The company has shared an Indicated Mineral Resource of 3.1 Mt at 0.85% Li2O and an Inferred Mineral Resource of 5.3 Mt at 0.91% Li2O.

Mineral Resource Highlights

The Jackpot Property’s resource indicates excellent mineralized continuity up to a 0.5% Li2O cut-off grade. The Casino Royale Zone, defined by eight diamond drill holes, remains open for further exploration.

Advantageous Location and Infrastructure

The Jackpot Project’s proximity to infrastructure, including power sources, highways, and ports, offers significant advantages for future development. It is approximately 40 km from Nipigon and close to potential shipping routes globally.

Future Mineral Resource Expansion

Further exploration is expected, with additional areas of the deposit open and other pegmatite targets untested. The project’s location provides a competitive edge compared to more remote lithium sites.

Details of the Resource Estimate

The estimate uses CIM Standards on Mineral Resources and Reserves. Mineral Resources are not Mineral Reserves and require further exploration for upgrading.

President’s Statement
J.C. St-Amour, President of Imagine Lithium, emphasized the potential for growth and the strategic advantage of the location, citing favorable comparisons with nearby projects.

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