Imagine Lithium Highlights Robust Initial Mineral Resource, Strong Metallurgy and Upcoming Drill Program at Jackpot Property
Imagine Lithium Highlights Robust Initial
Mineral Resource, Strong Metallurgy and
Upcoming Drill Program at Jackpot Property
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) -
IMAGINE LITHIUM INC.
(TSXV:
ILI) (OTCQB: ARXRF)
(the "Company" or "Imagine")
is pleased to provide a summary of the
Company's most significant technical milestones at its 100%-owned Jackpot Lithium Project, located
near Thunder Bay, Ontario, Canada. The following highlights include the results of the recently completed
NI 43-101 compliant Mineral Resource Estimate (MRE), metallurgical test work, surface exploration
programs which identified new high-priority targets. Together with on-going and future exploration plans,
these milestones continue to demonstrate the project's strong potential as an open-pit, hard-rock lithium
deposit.
RESOURCE HIGHLIGHTS - NI 43-101 MINERAL RESOURCE ESTIMATE
Indicated Resource: 3.1 million tonnes grading 0.85% Li
O (26,200 t contained Li
O)
Inferred Resource: 5.3 million tonnes grading 0.91% Li
O (49,500 t contained Li
O)
Cut-off Grade: 0.30% Li
O (pit-constrained)
Recovery: 81.5% Li
O, based on SGS metallurgical testing
Bulk Density: 2.69 t/m³
Estimation Method: Inverse distance squared (ID²) on 2 × 2 × 2 m blocks
Effective Date: September 3, 2024; prepared by P&E Mining Consultants Inc.; technical
report filed October 18, 2024.
The MRE outlines two conceptual pit shells
— Jackpot and Casino Royale — both exhibiting good grade
continuity and strong potential for resource expansion. The resources remain open along strike and to
depth.
METALLURGICAL TEST WORK
The early metallurgical results demonstrate that Jackpot mineralization can yield a high-grade
spodumene concentrate suitable for the lithium battery supply chain.
Metallurgical testing was conducted by SGS Lakefield (2022-2023) on a 200 kg composite
sample grading 1.72% Li
O and 0.29% Fe
O
.
Heavy Liquid Separation (HLS) produced a 6.0% Li
O spodumene concentrate with 81.5% Li
O
recovery, and a concentrate iron content of 0.76% Fe
O
, without magnetic separation.
Additional optimization through dense media separation (DMS) and flotation is expected to further
enhance recovery and concentrate grade.
The Company adopted the 81.5% recovery figure within the MRE cut-off assumptions.
RECENT SURFACE EXPLORATION PROGRAMS
In addition to drilling, Imagine Lithium has completed a series of surface exploration programs to refine
targets across the Jackpot property:
Diamond Drilling: Resource expansion drilling west of the Jackpot pit shell intersected 0.92% Li2O
over 35.10m in hole JP-24-31;
Channel Sampling: Continuous channel sampling of exposed spodumene-bearing pegmatite
outcrops returned exceptional results including 65.10 m @ 1.10% Li
O, 10.3 m @ 1.23% Li
O
(including 4.0 m @ 2.88% Li
O), and 10.0 m @ 1.02% Li
O (including 6.0 m @ 1.56% Li
O).
These broad, high-grade channels confirm excellent surface continuity along multiple dykes within
the Jackpot Main Zone and the emerging Casino Royale area.
Prospecting: geological mapping and sampling has identified six new spodumene-bearing
pegmatite zones outside the current resource pit shells, all of which remain untested by drilling.
Soil Sampling: Over 1,200 soil samples collected on a 100 m × 50 m grid defined lithium-cesium-
tantalum (LCT) anomalies extending over 2 km northwest of the Main Zone.
Geophysics: High-resolution magnetic and LiDAR surveys have defined structural corridors and
parallel dyke trends coincident with known mineralization, providing new high-priority targets for
2026 drilling.
These surface programs expand the mineralized footprint well beyond the current pit-constrained
resource and highlight the potential for continued resource growth at both Jackpot and Casino Royale.
Figure 1. Jackpot Lithium Project map showing the Jackpot and Casino Royale Pit Shells and
surrounding exploration targets (Salo, Blay Lake, South Jackpot, etc.). Source: Imagine Lithium Inc.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2962/270515_01bbfb59b4e748b7_001full.jpg
UPCOMING EXPLORATION PROGRAM AND NEXT STEPS
An aggressive 2026 exploration program is designed to expand known mineralization and test newly
identified targets:
Expansion drilling at both the Jackpot and Casino Royale zones to grow existing resources;
Drill test new targets (South Newkirk, South Jackpot and Cosgrave North zones) that were
discovered along the Jackpot - Casino open pit trend during the 2025 field season;
Complete a fall bedrock stripping and channel sampling program on the spodumene pegmatite
north of the historic Foster-Lew pegmatite;
Complete geological mapping and bedrock stripping on the newly discovered Blay Lake, Jackpot
West and Southwest zones;
Advance metallurgical optimization and preliminary engineering studies;
Initiate environmental baseline work and permitting preparations for future development.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock and soil samples collected
from the core material and soil horizons obtained on the Jackpot property. The protocol included the
insertion and monitoring of appropriate reference materials. High and low concentration certified lithium
standards, blanks and duplicates are used to validate the accuracy and precision of the assay results.
All collected core rock and soil samples were put in sturdy plastic bags, tagged, and sealed in the core
shack under the supervision of a professional geologist. The sample number, depth and brief description
of each sample is logged and entered to a digital database. Rock core samples were split using a
diamond saw with half of the sample remaining in the core box and the other being placed in a labelled
sample bag. Duplicate samples were quarter split and placed into individual sample bags.
All sample bags were put into rice bags and stored securely before being delivered to AGAT
Laboratories in Thunder Bay, Ontario. Samples are processed and crushed at the AGAT facility in
Thunder Bay. Lithium was analyzed by Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish. Soil
samples were placed into small brown paper bags and analyzed by 4-Acid digest with ICP-OES and
ICP-MS Finish.
Qualified Person
The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an
Independent Qualified Person as defined by the National Instrument 43-101.
About Imagine Lithium Inc.
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral
projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140
km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy
11), and is in proximity to sources of power, railroads, and ports.
The Jackpot Property consists of 297
mineral claims covering 18,800 hectares. The Property contains NI 43-101 compliant Mineral Resources
of 3.1 Mt grading 0.85% Li
2
O in the Indicated category and 5.3 Mt grading 0.91% Li
2
O in the Inferred
category, as well as a number of other known pegmatite showings.
ON BEHALF OF THE BOARD
"Simone Sze Man Suen"
Simone Sze Man Suen, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-807-355-5405
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which
relate to future events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current beliefs and are based
on assumptions made by and information currently available to the Company. Investors are
cautioned that these forward-looking statements are neither promises nor guarantees and are subject
to risks and uncertainties that may cause future results to differ materially from those expected. These
forward -looking statements are made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to update or revise them to
reflect new events or circumstances. All the forward-looking statements made in this press release are
qualified by these cautionary statements and by those made in our filings with SEDAR in Canada
(available at
www.sedarplus.ca
).
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