Announcement • 8h
Li-FT Power Ltd Reports Results from 2026 Winter and 2025 Summer Programs Complete at Yellowknife Lithium Project, Located Outside City of Yellowknife, Northwest Territories
Li-FT Power Ltd. reported results from the 2026 winter and 2025 summer programs completed at the Yellowknife Lithium Project (“YLP”), located outside the city of Yellowknife, Northwest Territories. This news release provides results from 20 holes drilled on the YLP, for a total of 5,324 m. Seventeen of these holes (4,778 m) were drilled as part of the 2026 winter program and three (546 m) were drilled as part of the 2025 summer work program. The seventeen 2026 holes were all drilled in the BIG area of the YLP, marking the first drill campaign at BIG since publication of the inferred mineral resource released to the TSXV in October 2024 and ASX on 22 May 2026. The three holes from the 2025 program were drilled on the Fi Main, Fi SW, and Ki pegmatites and underwent geotechnical strength testing before geochemical analysis. Discussion of Results: BIG pegmatite: The BIG area includes the BIG East, West, and North pegmatites, with BIG North representing either a separate complex from BIG East or its fault-offset northern extension. Sixteen of the 2026 holes were drilled on the BIG East pegmatite, and one hole was drilled at BIG North. The BIG East pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at least 1.8 km of strike length, ranges from 10-100 m wide, and dips approximately 55°-75° to the west. Spodumene-bearing pegmatite may occur either as a single dyke 20-35 m wide, or as two to four dykes of similar cumulative thickness within corridors up to 65 m wide. The holes drilled as part of the 2026 winter program extend along 1,000 m of strike length and reach depths of 50 to 300 m below surface. The BIG North pegmatite comprises a north-northeast trending dyke swarm exposed over at least 350 m of strike length, ranging from 10-35 m in width, and dipping approximately 70° west. YLP-0319 and 0320 are the most southerly holes drilled on the BIG East complex, testing 100 and 200 m below surface respectively. YLP-0320 returned the better grades, intersecting a 20-m-wide pegmatite dyke that assayed 1.32% Li2O over 17 m, leaving the BIG East mineralized system open to the south and at depth. YLP-0319 was drilled 100 m up-dip of YLP-0320 and cut through a 59-m-wide corridor, hosting five pegmatite dykes with cumulative width of 19 m. The thickest of these dykes returned a wall-to-wall composite of 1.22% Li2O over 11 m. Holes YLP-0321, 0322, and 0323 were drilled on a section 100 m north of YLP-0319 and 0320. At around 50 m below the surface, YLP-0321 drilled through a 100-m-wide corridor that hosts eight pegmatite dykes with a cumulative width of 28 m. Four of these dykes are spodumene-bearing, with the better composites including 1.24% Li2O over 5 m and 1.08% Li2O over 5 m. YLP-0322 was designed to test the same corridor approximately 50 m downdip of YLP-0321 and intersected seven dykes totalling 33 m of pegmatite across a drilled width of 75 m. Four of these dykes are spodumene-bearing, returning intersections of 1.15% Li2O over 9 m, 0.97% Li2O over 10 m, 0.57% Li2O over 5 m, and 0.53% Li2O over 2 m. YLP-0323 was drilled to test a further 100 m downdip of YLP-0322, intersecting a 54-m-wide corridor with four dykes that sum to 33 m of pegmatite and returning composites of 0.82% Li2O over 6 m and 1.30% Li2O over 1 m. YLP-0318 and 0324 were drilled on a section 100 m north of the section with YLP-0321 to 0323. Hole YLP-0324 returned the better grades and was designed to test 50 m below surface and 50 m up-dip of YLP-0068, which was drilled in 2023. Drilling intersected three dykes totalling 16 m of pegmatite over a drill width of 49 m, with the widest returning 1.04% Li2O over 11 m. YLP-0318 was drilled 250 m downdip of YLP-0324 and 100 m downdip of 2023 drill hole YLP-0101, intersecting a 92-m-wide corridor with nine dykes totalling 37 m of pegmatite. Spodumene contents are generally low, with the best intersections returning 0.65% Li2O over 3 m and 0.67% Li2O over 2 m. YLP-0317 was drilled a further 100 m north of the section with YLP-0318 and 0324, to test the BIG East corridor 300 m below the surface and 125 m downdip of YLP-0115, which was drilled by LIFT in 2023. The drill hole intersected a 32-m-wide pegmatite dyke with negligible spodumene mineralization. Holes YLP-0316 was collared 100 m north of YLP-0317 to test the BIG East complex at approximately 300 m below surface and 100 m downdip of YLP-0117, drilled by LIFT in 2023. New drilling intersected a 22-m-wide pegmatite dyke at the expected depth but with negligible spodumene. YLP-0315 was collared on a section 100 m north of YLP-0316, near the center of the complex, to test the pegmatite corridor at 200 m below surface and LIFT’s 2023 holes YLP-0093 and YLP-0100. New drilling intersected a 24-m-wide pegmatite dyke that returned 1.09% Li2O over 22 m. YLP-0309 was collared 100 m further north to test the central part of the BIG East corridor at 200 m below surface, as well as 50 m downdip of hole YLP-0077, drilled by LIFT in 2023. New drilling intersected a 27-m-wide pegmatite dyke with an interval of 10 m averaging 0.66% Li2O, including 1.13% Li2O over 4 m. YLP-0312 and 0308 were drilled on a section 100 m north of YLP-0309, to test the BIG East corridor at 175 m and 275 m below surface, respectively. YLP-0312 tested 100 m down-dip of YLP-0058, drilled by LIFT in 2023, and intersected a 26-m-wide pegmatite dyke that returned a wall-to-wall composite of 1.29% Li2O over 26 m, including 17 metres averaging 1.65% Li2O. YLP-0308 was drilled an additional 100 m downdip of YLP-0312, intersecting four pegmatite dykes totalling 45 m within a drilled width of 57 m, but with negligible spodumene. YLP-0313 was collared 100 m north of YLP-0312, to test the BIG East complex at 175 m below surface and 100 m downdip of YLP-0251, drilled by LIFT in 2024. New drilling intersected 12- and 10-m-wide dykes spaced 22 m apart, with the upper one returning 1.12% Li2O over 10 m and the lower one 0.68% Li2O over 10 m, including 6 m of 1.03% Li2O. Mineralization on this section remains open at depth. YLP-0310 and 0311 were drilled at the north end of the BIG East pegmatite to, respectively, test 100 m downdip of LIFT’s 2024 drill holes YLP-0271 and YLP-0267. Both new drill holes intersected 20- to 30-m-wide pegmatite at their expected depths, with negligible spodumene. YLP-0314 was the only hole drilled at BIG North in the winter 2026 program targeting 100 m downdip of 2023 drill hole YLP-0129. No pegmatite was intersected. Fi Main Pegmatite: The Fi Main pegmatite complex crops out over at least 1.5 km of strike length within a north-south striking corridor that dips between 70°-85° to the west. The dyke can be split into several structural domains, each approx. 400 to 500 in strike length, that include stretches comprising just a single 25-30 m thick dyke or two or more dykes of similar cumulative thickness within a broader corridor that is up to 150 m wide.