# 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-staging.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--6f6bec91-f7c8-4d1a-ac53-9e2444f42fd2 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: 2026-08-21 09:29:29 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Imagine Lithium has released its initial mineral resource estimate for the Jackpot Property in Ontario, reporting 3.1 Mt at 0.85% Li2O \(Indicated\) and 5.3 Mt at 0.91% Li2O \(Inferred\). The announcement also highlighted metallurgical test work showing up to 81.5% Li2O recovery. Reasoning: The company announced its initial NI 43-101 compliant mineral resource estimate for the Jackpot Property, featuring solid lithium grades and decent metallurgical recovery, though the resource is early-stage with a large inferred component. - Positive factor: Maiden resource establishment - Positive factor: Strong grade for lithium - Positive factor: Good metallurgical recovery - Positive factor: Strategic infrastructure proximity - Negative factor: 100% of resource is Inferred or Indicated \(no Measured\) - Negative factor: Significant Inferred component 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. Why it applies: First formal MRE for the project. Evidence · text > announce an initial NI 43-101 compliant lithium Mineral Resource Estimate **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · text > 5.3 Mt at 0.91% Li 2 O Inferred Mineral Resources **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 Independent 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 > A cut-off value of 0.30% Li 2 O **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated as NI 43-101 compliant. Evidence · text > announce an initial NI 43-101 compliant lithium Mineral Resource Estimate ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--6f6bec91-f7c8-4d1a-ac53-9e2444f42fd2#fact-resource-facts-0) lithium #### Identity - Commodity: lithium - Ticker: ILI #### Resource Data - Category: indicated - Tonnes: 3100000 - Grade: 0.85 - Grade Unit: % Li2O - Contained Metal: 26200 - Contained Unit: kt #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-09-03T00:00:00.000Z Reasoning: Indicated resource component of the maiden estimate. - Positive factor: Solid grade for lithium Evidence · table > 0.85 Context: 3.1 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--6f6bec91-f7c8-4d1a-ac53-9e2444f42fd2#fact-resource-facts-1) lithium #### Identity - Commodity: lithium - Ticker: ILI #### Resource Data - Category: inferred - Tonnes: 5300000 - Grade: 0.91 - Grade Unit: % Li2O - Contained Metal: 49500 - Contained Unit: kt #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-09-03T00:00:00.000Z Reasoning: Inferred resource component of the maiden estimate. - Positive factor: Strong grade - Negative factor: Inferred category Evidence · table > 0.91 Context: 5.3 ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/imagine-lithium-releases-initial-mineral-resource-at-jackpot-property-announces--6f6bec91-f7c8-4d1a-ac53-9e2444f42fd2#fact-resource-facts-2) lithium #### Identity - Commodity: lithium - Ticker: ILI #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-09-03T00:00:00.000Z Reasoning: Metallurgical test work results reported. - Positive factor: Solid recovery for lithium Evidence · text > achieved an overall Li 2 O recovery up to 81.5% ## 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.