MT IDA GOLD PROJECT ADVANCES WITH HIGH-GRADE RESULTS

Drilling Returns Strong Intercepts as Delta Lithium Moves Closer to Gold Processing Approval

Delta Lithium Limited (ASX: DLI) has reported further high-grade gold intercepts from its ongoing extensional and regional drill program at the Mt Ida Gold Project in Western Australia’s Eastern Goldfields.

Key drill results include:

1m @ 64 g/t Au from 45m in JPEX008 at Jupiter
1.54m @ 37.3 g/t Au from 367.91m in IDRD325 at Baldock
3m @ 7.9 g/t Au from 148m in BYRD027 at Bombay
5m @ 5.8 g/t Au from 67m in WKEX025 at West Knell
6m @ 4.4 g/t Au from 74m in WKEX034 at West Knell

The company continues to expand mineralisation at Mt Ida, with drilling ongoing and results pending for an additional 26 holes. Delta Lithium is also advancing permitting, having submitted a Works Approval application to the Department of Water and Environmental Regulation for the construction of a 1.5Mtpa gold processing plant and tailings storage facility (TSF).

Managing Director James Croser commented:

These continued high-grade extensional results bode well for the planned gold MRE update, with Delta aiming to grow substantially upon our current 752,000 oz MRE at Mt Ida. The Company continues to search for the edges of mineralisation at Baldock and test our regional prospects, with numerous exploration targets already identified for future drill programs. The first assays back to Delta from the Bombay-West Knell-Jupiter prospects have confirmed more gold across a wider expanse of our regional tenure, with assays still pending for 26 holes in the lab.

The recently submitted Works Approval application for onsite gold treatment is a critical step for Delta, being the only outstanding permit required for Delta to construct a gold plant and TSF at Mt Ida, and is the culmination of many hours of diligent work by Delta staff.

The broader gold landscape remains extremely strong with the spot price reaching record highs in recent months. Delta’s longer-term strategy remains the continued advancement of the Mt Ida Gold Project towards genuine standalone scale.