Spod Lithium Provides Exploration Update ON Northwestern Ontario Lithium Projects
SPOD LITHIUM PROVIDES EXPLORATION UPDATE ON NORTHWESTERN
ONTARIO LITHIUM PROJECTS
Vancouver, B.C. – March 2, 2023 – SPOD LITHIUM CORP. (“SPOD” or the “Company”)
(CSE: SPOD) (OTCQB:EEEXF) is pleased to announce results from a reconnaissance exploration
program on the Niemi Pegmatite Project, carried out in the fall of 2022, which confirmed lithium-
bearing pegmatite s near the historic Niemi Occurrence ( Ontario Geological Survey
MDI42E05SW00017). The geological study was conducted in conjunction with a site visit for an upcoming
NI 43-101 technical report which will focus on the Niemi and North Nipigon. Grab samples taken on the
project as part of the site visit returned up to 0.38 % Li20. The NI 43-101 report is nearly complete and will
be submitted for review in the coming weeks.
SPOD is earning a 100% interest in three northwestern Ontario based pegmatite projects : North
Nipigon – Niemi, Ferdinand Lake and the Byron Pegmatite. The North Nipigon – Niemi Project
is adjacent to Rock Tech’s Georgia Lake Deposit and Imagine Lithium’s Jackpot project (Figure
1). The Ferdinand Project is in the Birch-Uchi Sub-province and is host to the Ferdinand No. 1 &
No. 2 mineral occurrences, which have not had si gnificant exploration work since 1982. Finally,
the Byron Pegmatite project is a highly prospective land package on Highway 17, west of Thunder
Bay, ON, near International Lithium’s Raleigh Lake project.
Figure 1 shows the North Nipigon – Niemi Project with Rock Tech and Imagine Lithium’ s
developing deposits.
SPOD will retain DCX Geological Consulting to design and implement a n aggressive exploration
program on all three projects, commencing in the spring of 2023. The exploration program will include
exploration permit applications, geophysical interpretation and targeting, geological mapping, geochemical
sampling, bedrock stripping and diamond drilling.
HIGHLIGHTS
• Major strategic land position in prospective lithium pegmatite regions;
• Large, underexplored property portfolios include a total of 11,086 hectares in three
projects:
North Nipigon - Neimi Project totaling 8,679 hectares adjacent to the Georgia Lake
Deposit and Jackpot Pegmatite;
Ferdinand Project totaling 506 hectares hosts the Ferdinand No. 1 & No. 2 occurrences
(Ontario Geological Survey MDI52O04NW00006 & MDI52O04NW00007);
Byron Project totaling 1,901 hec tares of underexplored pegmatite -bearing and
potentially lithium-bearing ground.
• MPASS Geophysical data interpretation and targeting exercise underway on North
Nipigon – Niemi Project;
• Significant potential for lithium mineralization adjacent to two lithium pegmatite projects
in the prolific Georgia Lake Pegmatite Field (Rock Tech & Imagine Lithium);
• Excellent stakeholder relationships;
• Aggressive boots on the ground exploration programs to commence in the spring of 2023;
• Exploration permits for planned surface stripping and diamond drilling expected by second
quarter 2023.
North Nipigon – Niemi Project
The North Nipigon – Niemi Project is underlain by Archean metasediments and granites, along
with Keweenawan age diabase. Pegmatites in the region occur close to and within the granitic
plutons. The Project is contiguous with RockTech Lithium’s Georgia Lake Project and Imagine
Lithium’s Jackpot Lithium Project. RockTech’s Project contains a NI43-101 compliant indicated
resource of 10.6 Mt at 0.88% Li20 and a NI43-101 compliant inferred resource of 4.2 Mt of 1.00%
Li2O (MRE Source: Technical Report, NI 43-101, Pre-Feasibility Study, Georgia Lake, effective
October 1 2022). There are numerous other known pegmatite occurrences in the region as shown
in Figure 1, of which many have been drilled with positive results. On the North Nipigon Project,
there have been historical grab samples of pegmatite boulders which returned assay values of 0.764
% Li2O and 0.685 % Li2O as shown in Figure 2 (Ontario Geological Survey AFRI 20000019444).
Readers are cautioned that mineralization and mineral resource and mineral reserve estimates on
adjacent and/or nearby properties are not necessarily indicative of mineralization on the North
Nipigon - Niemi Project (please refer to additional cautionary statements below).
Figure 2: Spodumene bearing pegmatite boulder from the North Nipigon Project ( Ontario
Geological Survey AFRI 20000019444)
Chris Cooper, Spod Lithium’s CEO commented, “We are excited to have confirmed LCT-type
pegmatites on our recently acquired Niemi project. The recently flown geophysical survey on our
North Nipigon – Niemi Project will outline high priority targets areas for geological mapping
and prospecting. West of our Niemi claim block, Imagine Lithium recently reported drill
intercepts of 1.21% Li2O over 25.46 m and we are optimistic that our exploration strategy will
lead to new lithium-bearing pegmatite discoveries. We look forward to the upcoming exploration
campaign which will launch as soon as the snow clears on the project.”
Qualified person
Jason Arnold, P.Geo., President of DCX Geological Consulting and an independent Qualified
Person as such term is defined by National Instrument 43-101 - Standards of Disclosure for
Mineral Projects, has reviewed and approved the geological information reported in this news
release. The Qualified Person has not completed sufficient work to verify the historic
information on the Property and in the vicinity, particularly in regard to historical drill results,
historical mine production and historical grab samples.
However, the Qualified Person believes that these results were completed to industry standard
practices. The information provides an indication of the exploration potential of the Property but
may not be representative of expected results. Also, mineralization hosted on adjacent and/or
nearby properties, particularly with respect to neighbouring mineral resources, is not necessarily
indicative of mineralization hosted on the Company's property.
About Spod Lithium Corp.
Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development
of mineral properties containing battery, base, and precious metals. The Company’s flagship assets
are its Lithium properties located in the James Bay region of Quebec and the Nipigon and Niemi
region of Ontario, Canada. For further information, please refer to the Company's disclosure
record on SEDAR ( www.sedar.com) or contact the Company through its website at
www.spodlithiumcorp.com or by telephone at 604.721-3000.
On Behalf of the Board of Directors
Chris Cooper
Chief Executive Officer
Forward-Looking Information
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prove to be incorrect. Events or circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, including but not limited to, business, economic and capital
market conditions, the ability to manage operating expenses, and dependence on key personnel. Such
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strategies and the environment in which the Company will operate in the future, anticipated costs, and the
ability to achieve goals. Factors that could cause the actual results to differ materially from those in
forward-looking statements include, the continued availability of capital and financing, litigation, failure
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reliance on any forward-looking information.
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update or revise any forward- looking statements, whether as a result of new information, future events
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