• Maiden Inferred Mineral Resource Estimate of 150kt at 2.7g/t Au for 13koz gold
• Resource constrained within an optimised pit shell defined by Snowden Optiro
• Marks Premier1's first commercial opportunity with strong resource growth potential

Premier1 Lithium Limited (ASX:PLC) has reported its first Mineral Resource Estimate (MRE) for the Wadgingarra project, part of the Yalgoo Project in Western Australia's Murchison region. The Mineral Resource totals 150kt at 2.7g/t Au for 13koz of gold, reported above a 0.5g/t gold cut-off. The resource is constrained within an optimised pit shell defined by independent mining consultancy Snowden Optiro, applying conservative mining, processing and financial parameters. The resource extends from surface and has only been tested by shallow drilling, highlighting strong potential for expansion at depth and along strike as drilling progresses. Premier1 views the Wadgingarra Mineral Resource as a starting point with excellent growth potential. The company will now advance drilling to validate historic datasets and test extensions, metallurgical testwork to refine commercial opportunities, and mining lease preparation. Premier1 is also advancing a services partnership to strengthen the commercial pathway for Wadgingarra, providing access to mining and processing expertise and creating a framework for evaluating development options and potentially fast-tracking the project towards production through low-capex toll treatment scenarios.

Premier1 sees clear opportunities for exploration success and for the Mineral Resource to grow materially as drilling progresses, with the mineralisation open both at depth and along strike.