Horseshoe Lithium Pegmatite Project (E15/1596 – 95% Boadicea)

The Horseshoe lithium pegmatite project is located 75km south-southwest of Coolgardie in the
Eastern Goldfields district of Western Australia.
The project is located in a region of significant pegmatite development and covers 204km2 of the
Horseshoe greenstone belt. Outcrop is limited, but the belt is well defined by aeromagnetics. The
area has not previously been explored for lithium pegmatites, but pegmatites have been noted in
historic gold and nickel exploration reports, particularly at the Tramline Prospect of Metals
Exploration Ltd.
To date the Company has completed initial geological field reconnaissance of the project area
including some rock chip and soil geochemical sampling, to assist with planning first pass
exploration activities. While outcrop within the project area was found to be minimal, pegmatite
subcrop and float was noted in a number of historic nickel and gold exploration tracks.
A first pass 595 sample auger soil geochemical program testing the 3 initial pegmatite targets
Arabian, Waler and Clydesdale was completed during the September quarter 2018. Results were
disappointing with no significant gold assays returned and only low level lithium and associated
Following a review of these results, the Company plans to relinquish the less prospective
portions of the tenement, while retaining the more prospective portion with a view to planning
additional geochemical programs testing the remaining targets within the Project.



Horseshoe Project – Location relative to known pegmatite occurrences in the southwestern part of the Eastern Goldfields.


 Photo 1 – Horseshoe Project - Sampled pegmatite float at (a) 6486321N/309989E, and (b) 6501416N/316386E


Horseshoe Project - Licence area over aeromagnetics showing extent of “semi-blind” greenstones (magnetic highs) and position of initial selected pegmatite targets. Rock chip sample and orientation soil sample positions are also shown.