LOYAL LITHIUM LIMITED (LLI)

The suspension of trading in the securities of Loyal Lithium Limited will be lifted from the commencement of trading on Thursday, 3 August 2023 following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

The company releases the following: Appendix 1A, Information Form and Checklist, Annexure 1 - Mining Entities, Constitution, Annual Reports 30 December 2021 and 2022, Securities Trading Policy, Long Term Incentive Plan, Distribution Schedule, Top 20 Holders, Pre-Reinstatement Confirmations.

It is anticipated that the securities of Loyal Lithium Limited will be reinstated to quotation at 10:04:30 am (+/- 15 seconds) AEST on Thursday, 3 August 2023, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. LLI raised $1,500,000 pursuant to the offer under its Prospectus dated 2 June 2023 and Supplementary Prospectus dated 27 July 2023 by the issue of 5,000,000 shares at an issue price of $0.30 per share.

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

The company releases a notification regarding unquoted securities.

The company releases a notice of application for quotation of securities.

The company releases a notification of cessation of securities.

The company releases a supplementary prospectus.

The company releases a notice of application for quotation of securities.

Due to the ongoing extreme fire danger in the Province of Quebec, all exploration companies, including Loyal Lithium, have suspended field activities across a significant portion of the province, including the Trieste Lithium Project. Loyal Lithium's in-country geology partner, Dahrouge Geological Consulting, had originally planned to commence activities in June. However, they have since demobilized until further notice. The Company is actively monitoring the situation to ensure compliance with relevant governmental decrees and to prioritize the safety of all personnel associated with the Property

The company releases the revised results of its meeting.

The company releases the results of its meeting.

Drilling program has successfully been completed to confirm the presence of significant depths of clays within an implied 3.6km2 area sedimentary basin at Loyal Lithium's 100% owned Scotty Lithium Project. The sedimentary basin extends from surface to a consistent depth of ≈165m along a 3.8 km strike length, tested by the completed drilling program. The sedimentary basin has strong surface lithium-boron soils assay results and just 1km west of Nevada Lithium's 2022 drilling, which confirmed 2 layers of lithium mineralisation. Drill core samples have been submitted for assaying with QA/QC results expected in August 2023. Positive assay results could result in a maiden lithium JORC mineral resource estimate for Loyal Lithium and initiate a scoping study for the project. The 5.7 km long western basin edge on Loyal Lithium's claims (implied from magnetotellurics1) consists of alluvial fan rocks that may accommodate mining/processing infrastructure and enable access to the basin for a traditional and relatively low-cost surface mining solution. Nevada Lithium recently produced a sample quantity of battery grade lithium carbonate from the contiguous sedimentary basin drill core of the Bonnie Claire Project where drilling has found lithium only 1 km to the east of LLI's claims. Scotty Lithium is located 40km north of the mining town of Beatty, 220km from Los Vegas and 330km from Tesla Nevada Gigacity with existing all-weather roads and power infrastructure within close proximity.

Loyal Lithium Limited is pleased to welcome Eileen Marlowe to the team as the Land & Community Manager.

Due to exceptional demand, the Offer under its Prospectus dated 2 June 2022 has now closed. Over the coming days the Company will communicate with successful applicants with regards to their allocations. The issue of shares to successful applicants is subject to, and will occur following, shareholder approval for applicable resolutions at the Company's forthcoming EGM on the 26th of June 2023. Loyal lodged a re-compliance prospectus on 2 June 2023 for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy the ASX requirements for re-admission to the Official List. Subject to the applicable resolutions passing at the Company's forthcoming EGM on the 26th of June 2023, and the Company satisfying re-listing conditions under Chapters 1 and 2 of the ASX Listing Rules, the Company expects to be in a position to recommence trading in early July 2023.

The Company has agreed to make a priority allocation to eligible shareholders of Loyal Lithium of up to a total of 5,000,000 fully paid ordinary shares in the capital of Loyal Lithium at an issue price of $0.30 per LLI Shares for a maximum of $1,500,000. The Priority Offer will form part of the Public Offer and is being made to all shareholders of Loyal Lithium resident in Australia and New Zealand and named on Loyal Lithium's register of members as at 5:00pm (WST) on 1 May 2023. The closing date for the Priority Offer is 5:00pm (WST) on 26 June 2022, or such earlier or later date as the directors, in their absolute discretion, may determine. As outlined in the prospectus, all final allocations will solely be at the discretion of the Board.

The company releases a notice of proposed issue of securities.

The following securities will be released from escrow restrictions: 17,400,000 - LLIAB, OPTIONS @ $0.30 EXP 06/07/2024 ASX ESCROW (LLIOPT1) - 06 July 2023; 4,000,000 - LLIAB - OPTIONS @ $0.30 EXP 06/07/2024 VOLUNTARY ESCROW (LLIOPT1) - 07 July 2023; 3,000,001 - LLIAA - ESCROWED SHARES 24M (LLIESC24), 06 July 2023.

The company issues a prospectus for an offer of up to 5,000,000 Shares at an issue price of $0.30 per Share to raise up to $1,500,000.

The company releases a notification regarding unquoted securities.

The company releases the results of its meeting.

The company is convening its 2023 EGM of shareholders to be held at 9.00am (AWST) on Monday 26 June 2023 via a virtual meeting.

The Company presented as part of the PAC Partners and Broker Briefing Battery Metals Forum last week, with a recording of the presentation to be streamed on Thursday 18 May 2023 at 11:30am AEST / 9:30am AWST. Presenters: MD, Adam Ritchie, presenting at 12:25pm AEST / 10:25am AWST.

The company releases an Investor Presentation - May 2023.

Consistent large intervals of sedimentary clays intersected from near surface to 170m vertical depth at the 100% owned Scotty Lithium Project in Nevada, USA. Drilling program now reached the halfway point (50% complete) with drilling to continue, and completion expected in June 2023. Drilling to date has confirmed the MT implied sediment basin in the northern region. Prior to drilling, the MT interpretation suggested a 3.6km2 sedimentary basin extending from near surface to a depth of ~150m in the north and deepening to ~500m in the south. The MT inferred sedimentary basin is beneath the strong lithium-boron soils assay results and just 1km west of Nevada Lithium's 2022 drilling, which confirmed 2 layers of lithium mineralisation. The sonic drill rig used has met or exceeded expectations for drilling penetration rates and has returned high-quality samples for assaying. Potential for a maiden JORC lithium Resource estimate, subject to assay results.

12-week summer field program to commence at the Trieste Lithium Project in June 2023, with DGC (Dahrouge Geological Consulting) engaged as the field contractor for the project. The comprehensive program aims to collect up to 1,720 rock chip and till samples in priority order across the Project. Loyal Lithium's extensive winter program has informed the design of the summer program, including a regional/local geological assessment, review of historical data (outcrop, geochemical, till, and lake samples), high-resolution aeromagnetic analysis, and multispectral analysis. Positive results from the summer program will support subsequent drilling. With preemptive drilling permits being prepared. The Trieste Lithium Project is a large-scale lithium project located 14km east of Winsome Resources' Adina Lithium Project, which recently recorded a significant lithium mineralised intercept. Loyal Lithium remains the largest landholder within the highly prospective Trieste Greenstone Belt, with a land position of 251km2.

The company will convene its 2023 AGM of shareholders at 9.00am (AWST) on Wednesday 31 May 2023 via a virtual meeting. Advanced pre-registration should be made through this link: https://us02web.zoom.us/webinar/register/WN_XeNKyOBARJ-Y35bccLdEVg.

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

The following fully paid ordinary shares in the Company (Escrowed Shares) will be released from voluntary escrow on Monday 30 April 2023 and Monday 16 May 2023. These Shares are already quoted on the ASX. 1,000,000 Note 1 Ordinary Fully Paid Shares (LLIESCAP) 30 April 2023; 200,000 Note 2 Ordinary Fully Paid Shares (LLIESC26) 30 April 2023; 3,499,999 Note 3 Ordinary Fully Paid Shares (LLIESC27) 16 May 2023.

Loyal Lithium to acquire a controlling majority stake in the advanced, high-grade Hidden Lake Lithium Project in Yellowknife, Northwest Territories, Canada. Acquisition includes a 2,500-hectare land position across 6 contiguous claims containing 14 mapped lithium spodumene bearing pegmatite outcrops - with the 4 drill tested spanning a cumulative strike length of 2,250m. Significant scope to expand the known mineralisation along strike and at depth with multiple outcropping lithium spodumene bearing pegmatites yet to be drill tested. Acquisition formalises a Joint Venture arrangement between Loyal Lithium and Patriot Battery Metals - minority owner of 5 of the claims. Drilling in 2018 targeted 4 spodumene rich pegmatites to a limited depth of 30-50m vertical with all 10 drill holes intercepting high-grade spodumene of up to 1.81% Li2O1,2. Metallurgical testwork indicates consistency across spodumene rich dykes with very simple mineralogy of predominantly course grained spodumene, quartz, and feldspars, with low impurities (<0.25% FeO). Dense Media Separation pilot plant produced a high-grade concentrate of 6.11% Li2O from a 400kg bulk sample with minimal loss to tailings. The Project is strategically located 45km east of Yellowknife, the capital of Northwest Territories, and is located within the emerging Yellowknife Lithium District between an allweather highway to the south and Li-FT Power's properties to the North. In November 2022, Li-FT Power (CSE: LIFT; FSE: WS0) acquired a portfolio of 14 spodumene pegmatites in the Yellowknife region in an all-scrip deal valued at ~CAD$155m4. Yellowknife has a proud history of mining with well-established services and a workforce supporting numerous active mines, including Rio Tinto's Diavik Diamond Mine and Vital Metals' Nechalacho REE Mine. Notable infrastructure connects the Project to the rest of Canada with a domestic airport located 65km from the Project with daily connections to Calgary, Vancouver and Edmonton, an all-weather highway to the Project and heavy rail terminal and seaport facilities within trucking distance. Loyal Lithium is fully-funded to complete the proposed acquisition and undertake exploration and feasibility workstreams into CY2025 utilising existing cash reserves of A$6.573 million.

The company releases its Appendix 4G and Corporate Governance Statement.

The company lodges its Annual Report to shareholders.

The securities of Loyal Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LLI, pending the release of an announcement in relation to its compliance with section 2.10 of ASX Guidance Note 12, regarding a proposed transaction under Listing Rule 11.1.

name changed from Monger Gold LTD