Li-FT Power Extends Lithium Mineralisation at Yellowknife with Strong Drill Results

Strong Lithium Intercepts Confirmed in BIG East Pegmatite

Li-FT Power Ltd (ASX:LFT) has delivered a fresh tranche of drill results from its Yellowknife Lithium Project (YLP) in Canada’s Northwest Territories, underpinning the project’s growing lithium potential. The company completed 20 diamond drill holes totaling 5,324 metres, focusing primarily on the BIG East pegmatite, where standout assays included 26 metres at 1.29% lithium oxide (Li2O), featuring a high-grade core of 17 metres at 1.65% Li2O. These intercepts confirm the continuity of spodumene-bearing pegmatites along at least 1,000 metres of strike and to depths of up to 300 metres below surface.

Expanding Mineralisation Along Strike and at Depth

The winter 2026 drilling campaign targeted the BIG pegmatite complex, comprising BIG East, West, and North zones. Sixteen holes focused on BIG East, extending the known mineralised corridor southwards and deeper underground. For example, hole YLP-0320 intersected 17 metres at 1.32% Li2O at 200 metres depth, leaving the system open for further expansion. Similarly, YLP-0319 cut through a 59-metre-wide corridor with multiple pegmatite dykes, including an 11-metre interval averaging 1.22% Li2O.

Additional drillholes 100 metres north of these intercepts returned consistent spodumene-bearing dykes, with composite grades ranging from 0.53% to 1.15% Li2O over various intervals. The results highlight the geological complexity and potential scale of the BIG East system, with multiple parallel dykes contributing to cumulative lithium thicknesses up to 33 metres in some sections.

Lithium Mineralisation Confirmed Across Multiple Pegmatite Complexes

Beyond BIG East, Li-FT also drilled key pegmatite targets including Fi Main, Fi Southwest (Fi SW), and Ki. Fi Main yielded a notable 21-metre intercept at 1.09% Li2O, including a higher-grade 13-metre section at 1.38% Li2O. Fi SW returned a 21-metre zone averaging 0.50% Li2O with an 8-metre portion at 1.10% Li2O, while Ki delivered 18 metres at 1.41% Li2O. These results demonstrate consistent lithium mineralisation across the YLP, reinforcing its multi-pegmatite resource potential.

Robust Sampling and Quality Assurance Underpin Confidence

All drilling employed HQ diamond core with excellent recovery rates exceeding 99%, ensuring representative sampling. The company implemented rigorous QA/QC procedures, including insertion of certified reference materials, blanks, and field duplicates, with all assay results passing laboratory and internal quality checks. Samples were analysed by ALS Laboratories using sodium peroxide fusion ICP techniques, standard for lithium spodumene deposits.

Li-FT’s Qualified Persons, including Ron Voordouw and Ben Eggers, have reviewed and approved the technical data, confirming consistency with prior resource estimates disclosed in the company’s 2026 prospectus. The project tenure remains secure, with no known impediments to ongoing exploration and development activities.

Implications for Resource Growth and Project Development

The latest drill results bolster the geological model at YLP, extending lithium mineralisation both laterally and at depth within the BIG East pegmatite and confirming significant grades across other key pegmatite complexes. The combination of resource definition drilling and geotechnical testing lays a solid foundation for advancing the project towards feasibility studies. While some holes returned negligible spodumene, the overall data set supports continued exploration and resource expansion efforts at Yellowknife.