Lucky Mica Lithium

Arizona Lithium Project with High-Grade Spodumene Potential

Location	Historic Resources	Status
Maricopa County, Arizona	330,000-551,000 tonnes at 0.3-2.5% Li₂O	Under Contract

Summary and Location

Historical exploration identified multiple spodumene-bearing pegmatite dykes with significant lithium grades, including surface samples up to 7.5% Li₂O. A 2017 NI 43-101 report outlined a conceptual target for the main Lucky Mica dyke alone of 330,000-551,000 tonnes at 0.3-2.5% Li₂O, with potential for over 3 million tonnes from at least 7 identified dykes. Project saw historical shaft sinking and drilling.

The Lucky Mica Project is located in Maricopa County, Arizona, approximately 10 km southwest of Wickenburg.

Geology

The project targets lithium-bearing pegmatite dykes within the Arizona Pegmatite Belt. These LCT-type (Lithium-Cesium-Tantalum) pegmatites are hosted primarily within Precambrian Yavapai Schist (phyllite, schist, gneiss) and are often overlain by Tertiary volcanics and Quaternary gravels. The pegmatite dykes are typically NNE-NE trending, steeply dipping, and exhibit pinch-and-swell structures with observed widths varying from less than a meter up to historically reported 40 feet (Lucky Mica dyke observed up to 15m wide). Vein contacts with the schist are generally sharp.

Primary lithium minerals identified are spodumene, lepidolite, and amblygonite. Historical reports also mention beryl and columbite-tantalite. The pegmatites display typical zoning from border zones through wall zones to spodumene-quartz rich cores. Weathering can alter spodumene at the surface, potentially understating true grades.

At least 7 distinct pegmatite bodies have been identified on the property, with the main Lucky Mica dyke being the most extensively explored historically. Recent surface sampling by current owners confirmed high-grade lithium.

Exploration and Resources

The area, historically known as the Fortner & Boyd (F&B) Lithium prospect and later Lucky Mica, saw activity starting in the 1950s. B.H. Fortner and Bob Boyd conducted exploration including shaft sinking (30-50 feet), trenching, and adits. Arizona Continental Uranium Co. reported lithium content of 3.0-3.5% Li₂O in 1958 but deemed processing uneconomical at the time.

In the early 1960s, the property was acquired by Floyd Hanly and Paul Goff. Consolidated Uranium Co. of Canada reportedly conducted wagon drilling (75 holes, average 187 ft depth) during this period, outlining a historical, non-compliant estimate of 2 million tons of lithium ore. In the 1980s, companies like Watt, Griffis & McQuad and Fan Steel explored the “Vulture Pegmatite” (believed to be part of or adjacent to the current claims) primarily for its tantalum potential.

In 2016-2017, RedZone Resources Ltd. acquired the claims and commissioned an NI 43-101 technical report by SGS Canada Inc. This report identified at least seven outcropping pegmatite dykes and defined the conceptual mineral potential for the Lucky Mica dyke. Hertz Lithium subsequently acquired the property, including both the Lucky Mica and the historic Fortner & Boyd areas, and has conducted further surface sampling, confirming high-grade lithium (up to 34,850 ppm Li, or ~7.5% Li₂O).

Sample	Li20 %	Ta205 %
32466	0.3	0.02
32467	7.5	0.01
32481	5.11	0.02