Rekovac Lithium / Borate Project

Rekovac Lithium Project

Lithium/Borate

Serbia

Greenfields

The 100% owned Rekovac Lithium Project in covers three exploration licences in Serbia (~258km2), an emerging Tier 1 Lithium jurisdiction . The Rekovac license exhibits a very similar geological setting to the Jadar Basin, which is host to Rio Tinto’s world-class Jadarite discovery = one of the world’s largest lithium deposits (Resource of
135.7 Mt @ 1.86% Li2O and 15.4% B2O3 now in PFS) 1 .

On 11 February 2020, Jadar Resources announced that the Company had commenced drilling at the Rekovac Lithium Project, with the diamond drilling program designed to test a gravity low in the northern portion, and will comprise of two planned holes, each between 500 to 600 meters, targeting the permissive Lower Miocene strata.

Project Highlights

  • Diamond drill program currently underway for two holes, each between 500 to 600 metres, at the Rekovac Project in Central Serbia, targeting the permissive Lower Miocene Strata.
  • Project composed of Miocene fine pelitic sediments which are very similar setting to Jadar Basin, with potential to contain lithium – borates mineralisation.
  • Two phases of soil and rock chips sampling have defined a target area in southern and central part of permit.
  • Strong correlation between lithium and boron in soil and rock chips samples.
  • Elevated lithium and boron values in rock chips samples up to 280ppm Li values up to 322ppm B2O3.

Sampling data over Geology base

Gravity Data and Indirect Evidence of Mineralisation

  • Gravity survey identified elongated north south trending sedimentary basin containing over 600m permissive lacustrine sediments.
  • Identified presences of spherical analcime an evaporate mineral indicative of saline-alkaline environment.
  • The exposed sediments meet all of the targeting requirements including age, lithology, structure, surface geochemistry, indirect evidence of mineralization in the form of evaporate minerals and their pseudomorphs.
  • Ongoing activities – drilling testing of gravity lows in northern and central part of Rekovac basin with aim to identify direct evidence of mineralization, further ground apply for– strategically secure entire basin.