Lithium Plus Minerals Reports Significant Resource Upgrade at Lei Project
Lithium Plus Minerals Limited (ASX: LPM) has announced a substantial upgrade to the Mineral Resource Estimate for the Lei Deposit at its wholly owned Bynoe Lithium Project in the Northern Territory. The updated resource now stands at 5.22 million tonnes grading 1.50% Li₂O, containing 78.42kt of lithium oxide, representing a 34% increase in contained lithium and a 28% rise in resource tonnage compared with the previous estimate. Resource confidence has also improved significantly, with 55% of the deposit now classified as Indicated, strengthening the project's development outlook. The company expects its scoping study for a potential low-capex Direct Shipping Ore (DSO) operation to be completed in early Q4 2026.
The upgraded resource is supported by additional drilling, refined geological modelling and improved estimation methods, enhancing confidence in the deposit's continuity and mining potential. Lithium Plus also identified exploration targets across the Lei and Perseverance pegmatites, highlighting further opportunities to expand its lithium inventory through future drilling. With mineralisation remaining open at depth and development studies advancing, the company believes the project is well positioned to support future resource growth and potential commercial development.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Lithium Plus Minerals Reports Significant Resource Upgrade at Lei Project
Lithium Plus Minerals Limited (ASX: LPM) has announced a substantial upgrade to the Mineral Resource Estimate for the Lei Deposit at its wholly owned Bynoe Lithium Project in the Northern Territory. The updated resource now stands at 5.22 million tonnes grading 1.50% Li₂O, containing 78.42kt of lithium oxide, representing a 34% increase in contained lithium and a 28% rise in resource tonnage compared with the previous estimate. Resource confidence has also improved significantly, with 55% of the deposit now classified as Indicated, strengthening the project's development outlook. The company expects its scoping study for a potential low-capex Direct Shipping Ore (DSO) operation to be completed in early Q4 2026.
The upgraded resource is supported by additional drilling, refined geological modelling and improved estimation methods, enhancing confidence in the deposit's continuity and mining potential. Lithium Plus also identified exploration targets across the Lei and Perseverance pegmatites, highlighting further opportunities to expand its lithium inventory through future drilling. With mineralisation remaining open at depth and development studies advancing, the company believes the project is well positioned to support future resource growth and potential commercial development.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au