Imagine Lithium Produces 6% Li2O Concentrate With Low Iron Content From Metallurgical Testing at Jackpot
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
Imagine Lithium Produces 6% Li2O Concentrate
With Low Iron Content From Metallurgical Testing
at Jackpot
February 09, 202 3 Vancouver, BC, Canada – IMAGINE LITHIUM INC. (the
“Company” or “I magine”) (ILI -TSX:V) (OTCQB:ARXRF) is pleased to announce
positive preliminary results from metallurgical testing at it’s Jackpot Lithium Project,
for which the highlights are presented below:
• A surface composite sample of approximately 200 kg was provided from the
Jackpot main zone and shipped to an independent laboratory in Canada.
• The Main spodumene-bearing composite sample contained 1.72% Li 2O and
0.29% Fe2O3.
• A HLS (Heavy Liquid Separation) concentrate at 2.80 SG (Specific Gravity)
resulted in 6.0% Li2O concentrate and a high Li recovery of 81.5%.
• A low Fe2O3 grade (0.76 %) was achieved without magnetic separation.
• The initial results confirm lithium recovery can be even further improved by
flotation operation and/or DMS (Dense Media Separation).
Additional metallurgical tests will be conducted to confirm these results.
JC St-Amour, President of Imagine Lithium said, “We are very pleased with the initial
metallurgical tests on the Jackpot spodumene -bearing granitic pegmatite dykes
indicating a high recovery and elevated lithium concentrates can be produced from
simple metallurgical processes. A 6% lithium concentrate is the industry standard and
concentrate prices are quoted at a 6% Li2O grade. Low iron is also desirable as it
increases the addressable market for our product (battery, glass and ceramics
markets). Given that metallurgical analysis and results are an important input in the
customer engagement process , we believe this is a n important step in our
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Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
consideration of multiple commercial opportunities for our lithium products in tandem
with continued exploration program.”
The Jackpot Lithium project is located approximately 40 km North of the town of
Nipigon, Ontario and is near infrastructure including the Trans -Canada Highway,
power, rail service, and ports (See Figure 1).
Figure 1: Jackpot Lithium Project Location Map
With respect to it’s 2022 drilling campaign , the Company expects to be able to
announce its remaining assay results in the coming week.
Corporate Matter
In addition, the Company has engaged OGIB Corporate Bulletin to provide investor
awareness services for $200,000 plus applicable taxes. OGIB Corporate Bulletin is
based in Vancouver, BC and operates under the direction of Mr. Keith Shaefer.
QA/QC Protocol
Imagine Lithium implemented a strict QA/QC protocol in processing all rock samples
collected from the core material obtained from the Jackpot property. The protocol
included the insertion and monitoring of appropriate reference materials, in this case
high concentration and low concentration certified OREAS lithium standards, blanks
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Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
and duplicates, to validate the accuracy and precision of the assay results. All
collected rock samples were put in sturdy plastic bags, tagged, and sealed in the core
shack under the supervision of professional geologists. Sample bags were then put in
rice pouches and kept securely before being sent by road transpor t to the Actlabs
laboratories in Thunder Bay, Ontario. Lithium was analyzed by Peroxide Fusion ICP-
OES method (8-Li package).
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo,
an Independent Qualified Person as defined by the National Instrument 43-101.
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of
Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway
(Hwy 11) and approximately 40 km North of the town of Nipigon, Ontario, on Lake
Superior. The property contains known lithium bearing granitic pegmatite dikes, of
which two provided estimated historical resources of 2 million tons at 1.09% Li2O and
750,000 tons at 1.38% Li2O*.
About Imagine Lithium Inc.
Imagine Lithium is a junior mining explor ation company focused on seeking and
acquiring world -class mineral projects. The company holds the Jackpot lithium
property located near Nipigon, Ont. , which contains known pegmatite showings
including two historical resources of 2 million tons grading 1.0 9% Li2O and 750,000
tons at 1.38% Li2O.
* The estimates presented above are treated as historic information and have not been verified or relied
upon for economic evaluation by the Company. These historical mineral resources do not refer to any
category of sections 1.2 and 1.3 of NI-43-101 such as mineral resources or mineral reserves as stated in the
2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the
inability by the Company to verify the data acquired by the various historical drilling campaigns. The
Company has not done sufficient work yet to classify the historical estimates as current mineral resources
or mineral reserves.
ON BEHALF OF THE BOARD
“J.C. St-Amour”
J.C. St-Amour, President
www.imaginelithium.com
Suite 1240 – 789 W. Pender Street, Vancouver, BC V6C 1H2
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: +1-604-683-3995
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.SEDAR.COM).