Metalite Provides Update on Its Lithium Exploration Activities in Liberia
METALITE PROVIDES UPDATE ON ITS LITHIUM EXPLORATION ACTIVITIES IN
LIBERIA
Toronto, ON, May 30, 2023 – Metalite Resources Inc. (CSE: METL) (OTC: JNCCF)
(Frankfurt:5VHA) ("Metalite" or the "Company") is pleased to provide an overview of its portfolio of
assets obtained through th e recent acquisition of Next Generation Resources Inc. (“NextGen” ) and
provide an update on its lithium exploration activities in Liberia.
Highlights
• The recent acquisition of NextGen provides the Company with control and access to a portfolio
of properties in Liberia which are highly prospective in lithium, rare earth elements, base metals
and gold in an under-explored portion of the West African craton.
• Metalite’s portfolio of eight Reconnaissance Licenses (granted or pendi ng as set out below)
encompasses 3,228 km2 which are distributed across the country targeting exploration hotspots
with numerous occurrences of pegmatites, coltan, rare earth elements, base metals and gold
occurrences mapped and reported by USGS.
• Initial s ite visits, reconnaissance soil sampling, prospecting and mapping pr ograms were
completed in 2022.
• A total of 7,764 soil samples, and 137 rock samples were collected mostly from pegmatites.
• Samples a re being analysed using a portable handheld XR F. Based on these results selected
anomalous samples will be sent for geochemical analysis.
• 444 soil and 137 rock samples have been sent to the laboratory for analysis.
• Liberia first mover advantage for battery metals exploration.
Geological Background of Liberia
Metalite’s portfolio of Liberian assets includes two active reconnaissance licenses and six Reconnaissance
Licenses in various stages of renewal/application covering 3,228 km2 (Figure 1). The licences are located
in favourable ge ologic settings that ha ve the potential to host lithium and rare earth elements (REE)
deposits in addition to gold and p olymetallic base metal deposits. Prior to its acquisition by Metalite,
NextGen had been actively investigating the LCT (Lithium-Caesium-Tantalum) Pegmatite potential of
Liberia. Desktop studies and a compilation of historical geological, geophysical, and geochemical data
was completed. Reconnaissance licence selection was based on the results of this work.
Liberia is underlain by rocks of the west African craton and straddles the boundary between the Archean
(3260-2850 Ma) and Paleoproterozoic (2150 -1800 Ma) basement rocks. The Archean rock s in central
and western Liberia are characterized by gneisses, lo cally migmatitic, which are infolded with
supracrustal greenstone belts of metavolcanic and metasedimentary rocks. In north ern Liberia l ate-
Archean granit oids intrude the se strata. East ern Liberia is underlain by Eburnean age tightly folded
paragneiss, migmatite and amphibolite interpreted to be part of the Paleoproterozoic Birimian sequence
(2200-2100 Ga). The promi nent structural trend throughout most of the country is northeast to east -
northeast. Along the coast to the southwest of the Archean basement is a north-northwest trending belt of
Archean an d Paleoproterozoic age metamorphosed sedimentary and mafic igneou s rocks that were
deformed during the much younger Pan African orogeny (580 Ma).
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Mineral Deposits of Liberia
In comparison with other West African countries, the geology of Liberia is poorly understood and there
has been limited recent systematic mineral expl oration for most commodities, except gold. The mining
sector in Liberia is currently dominated by iron ore, gold, and artisanal diamond production.
Historically, Liberia was a major iron ore producer, exporting 20 million tonnes annually up until 1980;
however, the civil war (1992 -2003) resulted in the suspension of all mining operations. Iron ore
production has since resumed and totalled 5 million metric tonnes from the Tokadeh deposit in 2021.
The most economically significant gold deposits are ass ociated with northeast-trending fault structures in
both the Archean and Paleoproterozoic rocks (Figure 1). Liberian gold production totalled 252,708 troy
ounces from the New Liberty and Kokoya deposits and artisanal sources in 2021. Diamond deposits,
primarily exploited via alluvial and artisanal diamond mining , are widespread throughout the country.
Production totalled 63,207 carats in 2021.
Metalite Liberian Exploration Update
In 2022, reconnaissance scale soil sampling and prospecting /mapping programs were initiated on five of
Metalite’s eight reconnaissance licences (granted or pending as set out above). A total of 7,764 soil
samples and 137 rock samples were taken during the field program. All these samples are being analysed
using a Niton XL3t 950 GOLDD+ XRF. Although XRF units are not capable of detecting lithium
directly they are very effective at analysing for the suite of pathfinder elements commonly associated with
LCT Pegmatites (B, Be, Cu, Cs, Hf, K, Nb, Rb, Ta, Sn, W and Zr) as well as gold, REE and polymetallic
base metal deposits. After processing these results it is anticipated that selected anomalous samples will
be sent to ALS Laboratories for geochemical analysis. 444 soil and 137 rock samples have been sent to
the laboratory for analysis to date. The results of this work will be reported when all res ults have been
received, and the data sets interpreted.
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Figure 1. Geology of Liberia and illustrating the location of Metalite’s reconnaissance licences.
Nimba North (P3) and Nimba South (P2) Reconnaissance Licenses
The Nimba North and South reconnaissance licenses which are under application for an exten sion cover
616 and 562 km 2 respectively, in Nimba Count y north-eastern Liberia (Figures 1 and 2). The bedrock
geology consists of leucocratic gneiss to the west and Melanocratic gneiss, quartzite and iron formation
units to the east. The contact between the two packages is marked by a northeast-trending fault zone that
may be related to the Cestos shear zone located to the south where gold mineralization is known to occur.
Numerous coltan (columbite-tantalite) and tin occurren ces were documented in the area by the USGS in
1979 and recompiled in 2007.
A total of 5,503 soil samples and 44 rock samples were taken in 2022 (Figure 1). Soil samples were
taken at a depth of 40 cm on 500 m grid lines at 250 m intervals. Most of the rock samples were fr om
pegmatite dikes. The results of the XRF analyses are pending.
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Figure 2. Nimba North (P3) and Nimba South (P2) license map illustrating geology, mineral
occurrences, soil and rock samples.
Zorzor (P4) Reconnaissance Licence
The Zorzor reconnaissance license which is under applicati on for an extension covers 430 km 2 in Lofa
County, northern Liberia. The bedrock geology is dominated by granitic gneiss. To the northwest there
is a large granite intrusion. A total of 1,838 soil samples and 26 rock samples were taken in 2022 (Figure
3). Soil samples were taken at a depth of 40 cm on 500 m grid lines at 250 m intervals. Most of the rock
samples were from pegmatite dykes. Potential for LCT pegmatites and REEs within the migmatitic rocks
within the granitic gneiss is high, particularly in proximity to the granite intrusion on the north boundary
of the licence. Copper mineralization has been documented in the eastern part of the licence area. The
results of the XRF analyses and are pending.
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Figure 3. Zorzor P4 license map illustrating geology, mineral occurrences, soil and rock samples.
Pleebo (P6) and Harper (P7) Reconnaissance Licenses
The Pleebo (P6) and Harper (P7) reconnaissance licenses cover 186 and 107 km 2 respectively, in
Maryland County, south-eastern Liberia (Figures 1 and 4). The bedrock geology is dominated by quartz
diorite schists with lesser units of mica schist and amphibolite.
A total of 423 soil samples and 67 rock samples were taken in 2022 (Figure 4). Soil samples were taken
at a depth of 40 cm at 100 m intervals. on reconnaissance grid lines. Most of the rock samples were from
pegmatite dikes. The results of the XRF and laboratory analysis are pending.
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Figure 4. Pleebo P6 and Harper P7 license map illustrating geology, mineral occurrences, soil and rock
samples.
2023 Exploration Strategy
Metalite’s 2023 exploration strategy is simple, cost effective and executable. Metalite plans to continue
reconnaissance scale soil programs and integrate stream sediment s ampling programs on its licenses
going for ward. In addit ion, initia l mapping / prospecting programs are expected to be implemented.
Active and historical artisanal mining sites are also planned to be mapped. Data will be collected
digitally, and all samples analyzed using a Niton XL3t 950 GOLDD+ XRF. Once the XRF results have
been interpreted selected samples will be sent to for further analyses. Management believes that this data
will provide vectors used to delineate exploration targ ets for LCT Pegmatites, RREs, gold, and
polymetallic base metal deposits.
The information in this news release was compiled and reviewed by David Melling, P.Geo who acts as
Metalite’s Qualified Person, under National Instrument 43 -101 rules for mineral de posit disclosure. Mr.
Melling is a Professional Geoscientist (P.Geo) and a registered member of the Engineer and Geoscientists
of British Columbia (no. 18999) a Recognized Professional Organization. Mr. Melling is Metalite’s CEO
and has sufficient experie nce relevant to the crystallization of lithium -cesium-tantalum (LCT) typ e
pegmatite deposits under evaluation.
About Metalite Resources Inc.
Metalite Resources Inc. is a Canadian junior mineral expl oration issuer uniquely positioned to generate
incremental shareholder value through its vast battery metals focused license po rtfolio in Liberia, West
Africa and an extensive precious metals focused project portfolio in NSW, Australia. The Company has 6
Australian projects cover ing over 600 sq km ’s in NSW and includes 67 historical mines and prosp ects
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focused on Gold and Silver, along with various indic ator minerals that occur along with these precious
metals.With the recent acquisition of Next Generation Resources, the Company has amassed a set of eight
highly prospective licenses (either granted or p ending grant) that show evide nce of high -potential
mineralization containing various lucrative metals , i ncluding Lithium, REEs, Cobalt, Nickel, C opper,
Zinc, Aluminium and Gold.
For further information please contact:
Ryan Bilodeau
(416) 910-1440
To learn more, please visit https://www.metaliteresources.com/ .
Forward-Looking Statements
This news release contains certain "forward-looking statements." All statements, other than statements of
historic fact, that address activities, events or developments that Metalite believes, expects or anticipates
will or may occur in the future are forward-looking statements. Forward -looking statements are often,
but not always, identified by the use of words such as "seek," "ant icipate," "believe," "plan," "estimate,
“expect," and "intend" and statements that an event or result "may," "will," " can," "should," "could," or
"might" occur or be achieved and other similar expressions. These forward-looking statements reflect the
current expectations or beliefs of Metalite based on information currently available to Metalite. Forward-
looking statements are subject to a number of risks and unc ertainties that may cause the actual results of
Metalite to differ materially fro m those discuss ed in the for ward-looking statements, and even if such
actual results are realized or substantially realized, there ca n be no a ssurance that they will have the
expected consequences to, or effects on Metalite. Forward looking statements in this press release include
statements regarding the applications for reconnaissance licenses or extensions thereof and planned
exploration activities and the timing thereof . Factors that could cause actual results or eve nts to differ
materially from current expectations include, among other things, failure to complete the extension
and/or application process for certain exploration licen ses and or the failure to keep granted licenses in
good standing, failure to successfully complete financings, ca pital and other costs varying sig nificantly
from estimates, producti on rates varying from estimates, changes in world mineral com modity markets,
changes in equity markets, uncertainties relating to the availability and costs of financing needed in the
future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of
future development initiatives, competition, operating performance of facilities, environmental and safety
risks, delays in obtaining or failure to obtai n tenure t o properties and/or nec essary permits and
approvals, and other development and operating risks. Any forward -looking statement speaks only as of
the date on which it is made and, except as may be required by applicable securities laws, Metalite
disclaims any intent or obligation to update any forward -looking statement, whether as a result of new
information, future events o r results or otherwise. Although Metalite believes that the assumptions
inherent in the forward -looking statements are reasonab le, forwar d-looking statements ar e not
guarantees of future performa nce and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.
Neither the Canadian Securities Exchange nor its Regulation Services Provider acce pts responsibility
for the adequacy or accuracy of this release