Cosmos Exploration

James Bay Lithium Projects – Exploration Update
30 October 2023


  • Multiple work programs progressing on Cosmos’ highly prospective exploration projects located between recent spodumene discoveries made by Loyal Lithium Limited, Brunswick Exploration Inc, the Midland Exploration-Rio Tinto JV and Patriot Battery Metals Inc.

  • Detailed in-fill magnetics and LiDAR DEM surveys commencing at Corvette Far East (CFE) around recently identified highly fractionated pegmatites.

  • Ongoing work programs at CFE will assist in refining drill targets and vectoring into spodumenebearing zones. The drill permitting process has commenced for the upcoming winter drill program.

  • Exploration activities also advancing at Lasalle, where extensive pegmatite boulders have been identified as well as high-grade gold mineralisation up to 42.4g/t Au.

  • Desktop research at Lasalle indicates that multiple pegmatite dykes were intersected in historical drilling, with no assays for lithium or critical pathfinder metals. These pegmatites represent highly attractive exploration opportunities that require further investigation.

  • 9-month extension granted on the Lasalle JV to meet expenditure commitments.