Spark Energy Minerals Reports New Lithium and Gallium-REE Assay Results from Flagship Brazil Project

Executive Summary

• Spark Energy Minerals released assay results from 103 surface samples at the Arapaima Project, identifying three lithium anomalies > 1,000 ppm Li and a high‑grade REE stream‑sediment sample (>10,000 ppm TREO) on the Caladão target.
• The data expand known lithium and gallium‑REE anomalous footprints across Cruzeta, Água Branca, Grota do Maquém and Caladão, supporting imminent diamond‑drill and air‑core/reverse‑circulation programs.
• Qualified Person Jonathan Victor Hill has approved the technical information; the company is advancing permitting and logistics for its first subsurface testing phase.

Key Details

• Lithium Anomalies: Three surface rock samples at Cruzeta exceed 1,000 ppm Li₂O (e.g., ARA‑CR‑116C = 7,990 ppm Li₂O).
• REE Anomaly: Stream‑sediment sample from Caladão (ARA‑SS‑271) shows TREO = 10,016 ppm (2.47 % MREO), confirming a >1 % REE footprint.
• Sample Analyses: Conducted by SGS Geosol (Vespasiano, MG, Brazil) using certified NI 43‑101 protocols; QA/QC included blanks, duplicates and reference standards.
• Target Prioritization: Ongoing work will guide drill locations at Cruzeta, Água Branca, Grota do Maquém (diamond drilling) and Caladão (air‑core/reverse‑circulation for gallium‑REE).
• Logistics & Permitting: Finalizing permitting and field logistics; first subsurface testing expected “as soon as practicable.”
• Qualified Person: Jonathan Victor Hill, BSc Hons, FAusIMM, has approved the scientific and technical disclosures.

Notable Quotes

“Our ongoing exploration work has clearly delineated key lithium and gallium‑rare‑earth targets,” said Eugene Hodgson, CEO. “The correlations we’re observing … provide a strong technical foundation for our first‑phase drilling.”