# Imagine Lithium Releases Initial Mineral Resource at Jackpot Property - Announces 3.1 Mt at 0.85% Li2O Indicated and 5.3 Mt at 0.91% Li2O Inferred Mineral Resources Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--36700fdf-7f53-43b1-9a9c-dd3483f757ae Original source: https://money.tmx.com/en/quote/ILI/news/5513026854464861/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces- Publisher: tmx Original announcement: 2024-09-03T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Imagine Lithium Inc. - Ticker: ILI - Exchange: TSX - Region: Ontario - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Metallurgy - Extracted: 2026-09-12 07:35:09 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Imagine Lithium has announced its initial NI 43-101 compliant Mineral Resource Estimate for the Jackpot Property in Ontario, totaling 8.4 Mt at an average grade of approximately 0.88% Li2O. The resource comprises 3.1 Mt Indicated and 5.3 Mt Inferred, with metallurgical test work showing 81.5% recovery. Reasoning: The announcement of an initial NI 43-101 compliant mineral resource for the Jackpot Property represents a significant de-risking milestone for the company. - Positive factor: Maiden mineral resource estimate established - Positive factor: Strong lithium grades \(0.85% - 0.91% Li2O\) - Positive factor: Project remains open in all directions - Positive factor: Good metallurgical recovery \(81.5%\) - Positive factor: Proximity to infrastructure and ports - Negative factor: Resource is primarily Inferred \(5.3 Mt vs 3.1 Mt Indicated\) Facts used in scoring: 3 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is the first formal MRE for the Jackpot Property. Evidence · text > announce its initial NI 43-101 compliant lithium Mineral Resource Estimate **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Eugene Puritch, P.Eng., FEC, CET is named as the Qualified Person. Evidence · text > reviewed and approved by Eugene Puritch, P.Eng., FEC, CET **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The 0.30% Li2O cut-off is clearly stated. Evidence · text > The 0.30% Li 2 O cut-off was derived from **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--36700fdf-7f53-43b1-9a9c-dd3483f757ae#fact-resource-facts-0) Jackpot · lithium #### Identity - Project: Jackpot - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ILI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eugene Puritch - Resource group id: resource:91e4fb610c8151bcad86 - Deposit or zone: Jackpot Pit #### Resource Data - Category: indicated - Tonnes: 3100000 - Grade: 0.85 - Grade Unit: % Li2O - Contained Metal: 26.2 - Contained Unit: kt - Cutoff Grade: 0.3 - Cutoff Unit: % Li2O #### Prior Estimate - Resource Date: 2024-08-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-09-03T00:00:00.000Z Reasoning: Strong indicated lithium grade for a maiden resource. - Positive factor: Indicated category provides higher geological confidence Evidence · table > 0.85 Context: 3.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--36700fdf-7f53-43b1-9a9c-dd3483f757ae#fact-resource-facts-1) Jackpot · lithium #### Identity - Project: Jackpot - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ILI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Eugene Puritch - Resource group id: resource:48fa1399b19b6596dcfe - Deposit or zone: Jackpot Pit #### Resource Data - Category: inferred - Tonnes: 5300000 - Grade: 0.91 - Grade Unit: % Li2O - Contained Metal: 49.5 - Contained Unit: kt - Cutoff Grade: 0.3 - Cutoff Unit: % Li2O #### Prior Estimate - Resource Date: 2024-08-01 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-09-03T00:00:00.000Z Reasoning: Significant tonnage added to the project scale. - Positive factor: High grade for inferred material - Negative factor: Inferred category carries lower geological confidence Evidence · table > 0.91 Context: 5.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## Metallurgical Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--36700fdf-7f53-43b1-9a9c-dd3483f757ae#fact-metallurgical-facts-2) Jackpot · lithium #### Identity - Project: Jackpot - Commodity: lithium - Region: canada\_on - Reported Region: Ontario - Ticker: ILI #### Test Work - Program Status: preliminary - Sample: overall Li2O recovery #### Recovery - Recovery: 81.5 % - Recovery Basis: actual\_test #### Lab - Laboratory: SGS Canada #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-09-03T00:00:00.000Z Reasoning: Metallurgical recovery of 81.5% is a positive indicator for processing viability. - Positive factor: Solid recovery for lithium Evidence · text > overall Li 2 O recovery up to 81.5% #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 81.5% is at or above the exceptional band \(80%\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.