CMRN Resources: Significant Increase in Lithium Mineral Resources at Bikita Mine

【CMRN Resources: Increase in lithium mineral resources at Bikita Mine compared to the previous reporting period】

CMRN Resources announced that the company has received a notification from its subsidiary Bikita. Based on the results of the supplementary and infill exploration work at Bikita Mine from 2022 to 2023, a third-party independent resource evaluation company IRES has updated the estimates of lithium mineral resources in the western and eastern areas of Bikita Mine. The updated data shows that, as of December 31, 2023, the western and eastern areas of Bikita Mine have a total (measured, indicated, and inferred categories) lithium mineral resource of 113.35 million tonnes of ore, equivalent to 2.8847 million tonnes of lithium carbonate equivalent (LCE). This represents an increase of 47.93 million tonnes of ore, equivalent to an increase of 104.69 million tonnes of LCE compared to the previous reporting period (December 31, 2022).