Fulcrum Lithium Ltd (ASX:FUL)

Fulcrum Lithium Ltd has reported significant progress in its Alkali Flats lithium project with the completion of its Phase 3 drilling program. This program, consisting of 39 holes with a total of 5,787 meters drilled, marks a five-fold increase in drilling density, significantly enhancing data density and confidence in resource modeling. The drilling results confirmed thick, high-grade lithium mineralization, with some assays reaching up to 1,145ppm Li. The geological modelling is advancing and will support the upcoming maiden Mineral Resource Estimate, as the project shows potential with over 32km² of mineralization still open in multiple directions. The company is focused on demonstrating the full scale and reliability of the deposit in their forthcoming estimates, building on data from previous phases of drilling and geophysical surveys.