Comet Lithium Corporation announced the completion of Phase 1 of the ground geophysical gravity survey. Following completion of Phase 1, the Corporation has decided on completing Phase 2 and Phase 3 of the gravity survey at its 100%-owned Liberty Property in James Bay, Quebec, Canada. The survey crew expects to complete these two additional phases of the gravity survey by mid December.

Phase 1 of the gravity survey has increased the confidence to move forward with Phase 2 and 3 in 2023. Comprehensive gravity survey will assist the upcoming drill program by generating multiple exploration targets. The gravity survey will assist in optimizing pegmatite drill targets across the Liberty Property for the anticipated inaugural drill program.

This ground geophysical gravity survey will complement the recently completed field and soil sample program. The Phase 2 and 3 of the ground gravity survey will be carried out by Val-d'Or, Quebec based Geophysique TMC using a Scintrex CG-6 and will cover approximately 3.5 km2 following a 20m x 100m grid pattern for approximately 2,100 stations. This expanded gravity survey is built upon the insights generated from Phase 1 and aims to deliver the extents of the Winsome Resources Adina pegmatite trend to the east inside the Liberty Property.

Early insights are work in progress and believe the gravity survey may provide encouraging insights into validating the Adina trend at Liberty Property. In addition, the expanded gravity survey covering approximately 2,100 stations will add a robust building block to generate multiple drill targets and assist in validating the evidence that the Liberty Property and Adina together may potentially be part of a similar corridor". The Corporation also wishes to draw attention to Winsome Resource Limited recent update regarding "Adina strike extension to 1,340 meters".

This update brings the reported significant spodumene pegmatites located at approximately660 meters from Comet's Liberty Property. Winsome Resource Limited reported the following in its press release dated November 27, 2023 that: Intersections reported in this announcement confirm the continuity of lithium mineralisation in spodumene-bearing pegmatites to the east of Adina Main, with drilling completed on 100m centres up to 300 metres east of drilling previously reported. Additional, high-grade mineralisation also continues to be intersected north of Adina Main, with further results from the near surface up-dip extensions of the Main and Footwall Zones.