Imagine Lithium Highlights Robust Initial Mineral Resource, Strong Metallurgy and Upcoming Drill Program at Jackpot Property
Imagine Lithium (OTCQB:ARXRF) reported a NI 43-101 MRE for the 100% owned Jackpot Lithium Project near Thunder Bay, Ontario, with an Indicated resource of 3.1 Mt @ 0.85% Li2O (26,200 t contained Li2O) and Inferred resource of 5.3 Mt @ 0.91% Li2O (49,500 t contained Li2O) at a 0.30% Li2O pit-constrained cut-off (effective date: Sept 3, 2024). Metallurgical testwork by SGS on a 200 kg composite returned a 6.0% Li2O spodumene concentrate at 81.5% recovery (used in MRE assumptions). Surface programs yielded notable drill and channel results (e.g., 0.92% Li2O over 35.10 m; 65.10 m @ 1.10% Li2O) and identified new targets and LCT soil anomalies >2 km. An aggressive 2026 expansion drilling and metallurgical optimization program is planned alongside baseline environmental work.
Immagina Lithium (OTCQB:ARXRF) ha riportato una MRE NI 43-101 per il Jackpot Lithium Project, al 100% di proprietà, situato vicino a Thunder Bay, Ontario, con una risorsa Indicated di 3,1 Mt @ 0,85% Li2O (26.200 t di Li2O contenute) e una risorsa Inferred di 5,3 Mt @ 0,91% Li2O (49.500 t di Li2O contenute) a una soglia di taglio di 0,30% Li2O vincolata al giacimento (data effettiva: 3 settembre 2024). Le prove metallurgiche condotte da SGS su un campione composito di 200 kg hanno restituito un concentrato di spodumene Li2O del 6,0% con un recupero dell'81,5% (utilizzato nelle ipotesi della MRE). I programmi superficiali hanno prodotto risultati notevoli di perforazione e canale (p.es., 0,92% Li2O su 35,10 m; 65,10 m @ 1,10% Li2O) e hanno identificato nuovi obiettivi e anomalie del suolo LCT >2 km. È previsto un aggressivo programma di trivellazione di espansione nel 2026 e un'ottimizzazione metallurgica insieme ai lavori ambientali di base.
Imagina Lithium (OTCQB:ARXRF) informó una MRE NI 43-101 para el Jackpot Lithium Project, 100% propiedad, cerca de Thunder Bay, Ontario, con un recurso Indicado de 3,1 Mt @ 0,85% Li2O (26.200 t de Li2O contenidas) y un recurso Inferred de 5,3 Mt @ 0,91% Li2O (49.500 t de Li2O contenidas) a un corte de Li2O de 0,30% veteado por la operación (fecha efectiva: 3 de septiembre de 2024). Las pruebas metalúrgicas de SGS en un compuesto de 200 kg mostraron un concentrado de Li2O de espodumena del 6,0% con una recuperación del 81,5% (utilizado en las suposiciones de MRE). Los programas de superficie arrojaron resultados notables de perforación y canal (p. ej., 0,92% Li2O sobre 35,10 m; 65,10 m @ 1,10% Li2O) e identificaron nuevos objetivos y anomalías de suelo LCT de >2 km. Se planifica un agresivo programa de perforación de expansión para 2026 y una optimización metalúrgica junto con trabajo ambiental de base.
Imagine Lithium (OTCQB:ARXRF)가 Thunder Bay, Ontario 인근의 Jackpot Lithium Project에 대해 NI 43-101 MRE를 발표했습니다. 100% 소유 자원으로, 지시된(Indicated) 자원은 3.1 Mt @ 0.85% Li2O (26,200 t Li2O 포함), 추정(Inferred) 자원은 5.3 Mt @ 0.91% Li2O (49,500 t Li2O 포함)이며, 0.30% Li2O의 광구 절단선(cut-off)으로 책정되었습니다(유효일: 2024년 9월 3일). SGS의 200 kg 합성 시료에 대한 광기계 분석은 6.0% Li2O의 스폴듬엔 광석 концент레이트와 81.5% 회수를 보여주었으며(MRE 가정치에 사용). 표면 프로그램은 0.92% Li2O는 35.10 m, 65.10 m @ 1.10% Li2O 등의 주목할 만한 드릴 및 채널 결과를 제공했으며, 2km를 넘어서는 새로운 표적 및 LCT 토양 이상도 확인되었습니다. 2026년 확장 드릴링과 광석화 최적화 프로그램이 기초 환경 작업과 함께 계획되어 있습니다.
Imagine Lithium (OTCQB:ARXRF) a publié une MRE NI 43-101 pour le Jackpot Lithium Project, détenu à 100% et situé près de Thunder Bay, en Ontario, avec une ressource Indicated de 3,1 Mt @ 0,85% Li2O (26 200 t Li2O contenues) et une ressource Inferred de 5,3 Mt @ 0,91% Li2O (49 500 t Li2O contenues) à un seuil de coupure 0,30% Li2O contraint par le gisement (date effective: 3 septembre 2024). Les tests métallurgiques réalisés par SGS sur un composite de 200 kg ont donné un concentré de spodumène Li2O à 6,0% avec un taux de récupération de 81,5% (utilisé dans les hypothèses MRE). Les programmes de surface ont donné des résultats notables de forage et de cannelures (par ex., 0,92% Li2O sur 35,10 m; 65,10 m à 1,10% Li2O) et ont identifié de nouveaux objectifs et des anomalies de sol LCT >2 km. Un programme agressif de forage d’expansion en 2026 et une optimisation métallurgique sont prévus, en parallèle des travaux environnementaux de base.
Imagine Lithium (OTCQB:ARXRF) meldete eine NI 43-101 MRE für das zu 100 % eigentümliche Jackpot Lithium-Projekt in der Nähe von Thunder Bay, Ontario, mit einer Indicated-Ressource von 3,1 Mt @ 0,85% Li2O (26.200 t Li2O enthalten) und einer Inferred-Ressource von 5,3 Mt @ 0,91% Li2O (49.500 t Li2O enthalten) bei einem cut-off von 0,30% Li2O pit-constrained (Effektivdatum: 3. September 2024). Metallurgische Untersuchungen von SGS an einer 200 kg schweren Probe ergaben ein Li2O-Spodumen-Konzentrat von 6,0% mit einer Rückführung von 81,5% (in den MRE-Annahmen verwendet). Oberflächenprogramme lieferten bemerkenswerte Bohr- und Kanal-Ergebnisse (z. B. 0,92% Li2O über 35,10 m; 65,10 m @ 1,10% Li2O) und identifizierten neue Ziele sowie LCT-Sohlenanomalien >2 km. Ein aggressives Expansion-Bohrprogramm 2026 und ein metallurgisches Optimierungsprogramm sind zusammen mit Basisumweltarbeiten geplant.
تصوّر الليثيوم (OTCQB:ARXRF) أصدرت مسودة NI 43-101 لـ MRE لمشروع Jackpot Lithium الواقع بمحيط Thunder Bay في أونتاريو، بمصدر مُوضح Indicated قدره 3.1 Mt @ 0.85% Li2O (26,200 طن من Li2O محتوى) ومصدر مُفترض Inferred قدره 5.3 Mt @ 0.91% Li2O (49,500 طن من Li2O محتوى) عند عتبة قطع 0.30% Li2O مقيدة بالمقلع (التاريخ الفعلي: 3 سبتمبر 2024). اختبارات المعادن من SGS على مركب وزن 200 كغ أرجعّت مركّز spodumene Li2O بنسبة 6.0% عند استرداد 81.5% (مستخدمة في افتراضات MRE). نفذت برامج السطح نتائج حفر وقنوات ملحوظة (مثلاً 0.92% Li2O على 35.10 م؛ 65.10 م @ 1.10% Li2O) وتحديد أهداف جديدة وشوارد تربة LCT تزيد عن 2 كم. مخطط تنفيذ حشري لعام 2026 للحفر التوسعي وتحسين المعادن سيُنفّذ جنباً إلى جنب مع العمل البيئي الأساسي.
Imagine Lithium（OTCQB:ARXRF） 已公布位于安大略省桑德湾（Thunder Bay）附近、100%自有的 Jackpot Lithium 项目的 NI 43-101 MRE，具备一个 Indicated 资源为 3.1 Mt @ 0.85% Li2O（含 Li2O 26,200 吨），以及一个 Inferred 资源为 5.3 Mt @ 0.91% Li2O（含 Li2O 49,500 吨），以边坑切割线 0.30% Li2O 约束（有效日期：2024年9月3日）。SGS 对 200 kg 组合样品的冶金测试显示 Li2O 含量为 6.0% 的辉长岩磷镓矿精矿，回收率为 81.5%（用于 MRE 假设）。地表程序产生了显著的钻探与冲刷结果（例如 0.92% Li2O，35.10 m；65.10 m @ 1.10% Li2O），并发现新目标以及超过 2 公里的 LCT 土壤异常。计划在 2026 年进行积极的扩张钻探和冶金优化计划，并开展基础环境工作。
- Indicated 3.1 Mt @ 0.85% Li2O (26,200 t contained Li2O)
- Inferred 5.3 Mt @ 0.91% Li2O (49,500 t contained Li2O)
- SGS metallurgical test: 6.0% Li2O concentrate at 81.5% recovery
- Surface channels: 65.10 m @ 1.10% Li2O confirming continuity
- Drill intercept: 0.92% Li2O over 35.10 m
- Soil program: >1,200 samples defining LCT anomalies extending 2 km
- Majority of contained lithium is inferred (49,500 t of 75,700 t total contained Li2O)
- MRE is pit-constrained and effective date is Sept 3, 2024 (limits immediate mine plan certainty)
- MRE uses an 81.5% recovery assumption from early testwork pending further optimization
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
RESOURCE HIGHLIGHTS - NI 43-101 MINERAL RESOURCE ESTIMATE
- Indicated Resource: 3.1 million tonnes grading
0.85% Li₂O (26,200 t contained Li₂O) - Inferred Resource: 5.3 million tonnes grading
0.91% Li₂O (49,500 t contained Li₂O)- Cut-off Grade:
0.30% Li₂O (pit-constrained) - Recovery:
81.5% Li₂O, 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.
- Cut-off Grade:
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% Li₂O and0.29% Fe₂O₃. - Heavy Liquid Separation (HLS) produced a
6.0% Li₂O spodumene concentrate with81.5% Li₂O recovery, and a concentrate iron content of0.76% Fe₂O₃, 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% Li₂O, 10.3 m @1.23% Li₂O (including 4.0 m @2.88% Li₂O), and 10.0 m @1.02% Li₂O (including 6.0 m @1.56% Li₂O). 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
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).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270515
FAQ
What are the Jackpot Project NI 43-101 resource figures for ARXRF?
What metallurgical recovery and concentrate grade did ARXRF report for Jackpot?
Which notable drill or channel results did Imagine Lithium report at Jackpot (ARXRF)?
Is the Jackpot resource open for expansion and what are ARXRF's next steps?
How extensive was surface exploration at Jackpot and what did soil sampling show?
