Visit www.darkhorseresources.com.au for more information

Twitter: @ASX_DHR

Managing Director
David Mason

Commodity
Lithium, Gold

Location
Argentina

Summary

Dark Horse Resources Ltd is an Australian, publicly listed mineral resource company (ASX: DHR), with a particular focus on Argentina, where it has invested in lithium and gold projects, with objectives to:

  • Lithium - produce high grade Lithium Hydroxide for the domestic and international battery and electronic markets by:

    • Targeting >50 million tonnes of lithium resources grading 1.5% Li20 in central Argentina, and

    • Defining a large lithium brine resource in northern Argentina.

  • Discover and define several multimillion ounce gold deposits and the production of gold doré


Lithium

  • 36,600 HA of lithium brine exploration licences over the prospective San Francisco salar in Catamarca province

  • 34,000 HA of lithium spodumene exploration licences in San Luis and Cordoba provinces

  • Prospective lithium bearing, spodumene hard rock pegmatite fields

  • Observable massive spodumene crystals with lithium grades of 1% to 2% providing enhanced metallurgy recovery

  • Good access to transport infrastructure, energy and experienced workforce

Gold

  • 300,000 HA of exploration ground in Santa Cruz and Rio Negro Provinces

  • Highly prospective for large tonnage Au/Ag in Epithermal vein

  • Cachi and Rosita Norte projects providing initial robust geological results up to 9.7 g/t gold

  • Las Openas porphyry and epithermal vein gold project in San Juan with assays up to 183.5 g/t Au and 6,789 g/t Ag

  • Region is host to multi-million ounce gold reserves and mines - Cerro Negro (Goldcorp) and Cerro Vanguardia (AngloGold Ashanti)


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Strategic Investment

Dark Horse also holds 9.6 billion Lakes Oil shares representing 31% of the Company and worth $10million to DHR at Lakes current share price of 0.1 cents.  Lakes holds a certified onshore gas resource of 11TCF in Victoria Australia (of which approximately 3TCF is conventional), which at the current norm for valuing in ground gas resources of 50 cents per Gigajoule, provides a value of $5.5B.

For more information on Lakes Oil NL please head to: www.lakesoil.net.au