Voltaic Strategic Resources Limited provided an update on its Ti Tree lithium project, located in the Gascoyne region of Western Australia. Following the identification of a high density of pegmatite occurrences at priority ASTER target, ‘Morpheus', the Company is pleased to advise that the next phase of target generation is underway with "boots on the ground" actively following up targets in the field and assessing logistics for a regional soil sampling campaign across the entire Volta corridor, and consultants SGC engaged to enhance Voltaic's geophysical datasets. SGC will compile all open-source geophysical and geological data into a series of GIS packages which will broaden the Company's pipeline of targets for follow-up exploration.

SGC will also identify what additional ASTER, magnetic and radiometric data is required to expedite target generation. Alongside this, a high-resolution UAV drone survey will be undertaken by ATLAS Geophysics to assist with detailed mapping and direct pegmatite outcrop identification. This is the most effective next step forward as the frequency of pegmatite occurrences within Voltaic's tenure is extensive, and is predicted to extend across the entire prospective 22km Volta corridor.

Voltaic's neighbour Red Dirt Metals Limited are actively drilling 90,000m into their Yinnietharra lithium discovery and other regional targets. Initial drill results for the `M1 pegmatite' are significant and include 56m at 1.12% Li2O from 94m (YNRD005), and visual identification of spodumene within multiple holes. M1 shows significant down-dip continuity with excellent Li2O grades from surface, which is very encouraging for the entire region.

Voltaic's Ti Tree project resides within an interpreted prospective corridor of LCT-bearing pegmatites (the `Volta' corridor), which contains the Yinnietharra lithium discovery, and is underlain by the Thirty-Three Supersuite (TTS) ­ a belt of granitic plutons (intrusions). It has been demonstrated that the TTS is fertile for LCT mineralisation and the latest RDT drilling results confirm this. Voltaic's tenure overlays a significant portion of the TTS, and its respective portions of the granitic intrusions are potentially fertile for lithium mineralisation.

LCT pegmatites in the region have been observed to lie within 05 km of source fertile granite intrusions and appear controlled by both faults within the host metasediments and fractionation. The five main plutons within Volta have been labelled F1-F5 for the following discussion: It appears from RDT's drilling and proximity of the M1 pegmatite to various TTS granitic sub-plutons, that although the core of M1 is closer (600m) from central sub-pluton F5, it is the southern sub-pluton F6 (1,800m distance) that has greater fertility potential due to the traditional `Goldilocks model' of LCT prospectivity. Thus, F6 is likely the source of lithium fertility for the Yinnietharra M1 pegmatite.

If true, this significantly enhances the prospectivity of Voltaic's Ti Tree South tenements (E09/2503, E09/2470) as both of these are within the area of maximum prospectivity or " Goldilocks sweet spot", respective to F6 The surrounding aureoles of F1-F4 within Voltaic's Ti Tree North tenement (E09/2522) are 21km in strike length. If F1-F4 are fertile, this significantly enhances the prospectivity of Voltaic's Ti Tree North tenement (E09/2522) as this tenement is within the area of maximum prospectivity or "sweet spot", respective to F1, F2, F3 & F4 Interpretative work suggests that the mapped plutons could in fact comprise several sub-plutonic units, which would further expand the length of the Volta corridor. This will be followed up with detailed geophysical analysis.

The Company's exploration team is currently in the field at Ti Tree assessing logistics for the upcoming heli-supported `phase 3' exploration program, planned for February/March 2023. Utilising a helicopter to support exploration activities is a highly efficient and economical approach for the remote Gascoyne region and minimises its impact on pastoral tracks, in particular during the wet season (January-March). This will allow the Company's drill target generation program to maintain momentum and will enhance the geophysical compilation work being undertaken by SGS.

A regional broad-coverage soil sampling campaign is planned to commence in February 2023 for the entire Volta corridor and will comprise 8,000 soil samples in total. Phase-1 will commence at Ti Tree South E09/2503 & E09/2470 (3,000 samples), with follow up phases thereafter across Volta. This campaign will provide geochemical data over the entire prospective corridor and will target the schists within Volta.

A high-resolution UAV drone survey is planned for February 2023 and will provide detailed high-resolution imagery to assist with regional geological mapping and identification of pegmatite outcrops. Follow-up geophysical surveys may commence in March/April 2023, depending on the results from SGC's assessment.