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Li-FT Power Ltd (ASX:LFT) has announced the results from 20 drill holes totaling 5,324 metres at its Yellowknife Lithium Project (YLP) in Northwest Territories, Canada, conducted during the 2026 winter and 2025 summer drilling campaigns. Notable high-grade intercepts were recorded at the BIG East pegmatite, including a standout 26 metres grading 1.29% Li₂O with a premium 17-metre segment at 1.65% Li₂O. This drilling campaign represents the first activity at the BIG area following the release of an inferred mineral resource in late 2024, with findings indicating the mineralized system remains open in several directions. Market participants will be watching for how these results influence forthcoming resource updates and project advancement plans.<\/p> <\/div>
Key Points<\/h3>
- Company: Li-FT Power Ltd (ASX:LFT), also traded on TSXV, OTCQX, and Frankfurt exchanges<\/li>
- Completed 20 drill holes totaling 5,324 metres—17 holes (4,778 m) in the 2026 winter program and 3 holes (546 m) in the 2025 summer program—at Yellowknife Lithium Project, NWT, Canada<\/li>
- Top drill intersections include YLP-0312: 26 m at 1.29% Li₂O including 17 m at 1.65% Li₂O (BIG East); YLP-0306: 18 m at 1.41% Li₂O (Ki); YLP-0304: 21 m at 1.09% Li₂O (Fi Main)<\/li>
- First drilling campaign at BIG area since the inferred mineral resource was published to TSXV in October 2024 and to ASX on 22 May 2026<\/li>
- BIG East mineralized system confirmed open to the south and at depth; investors should anticipate further resource updates<\/li>
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Overview of 2026 Winter and 2025 Summer Drilling at Yellowknife<\/h2>
Li-FT Power’s recent update details results from a combined 20-hole, 5,324-metre drilling initiative conducted across two field seasons at the Yellowknife Lithium Project near Yellowknife, Northwest Territories, Canada. The larger 2026 winter program comprised 17 holes totaling 4,778 metres, all focused on the BIG area. The 2025 summer program included three holes totaling 546 metres drilled on the Fi Main, Fi SW, and Ki pegmatites, with initial geotechnical strength testing preceding geochemical assays.<\/p>
Released on 30 June 2026, these results provide a substantial addition to the project’s drilling database. The 2026 winter campaign marks the first systematic drilling at BIG since the inferred mineral resource estimate was first disclosed to the TSXV in October 2024 and subsequently to ASX investors on 22 May 2026 via the company’s ASIC-registered prospectus lodged on 13 April 2026. The program’s extensive scope highlights Li-FT Power’s commitment to delineating and expanding mineralization across YLP.<\/p>
BIG East Pegmatite Complex: Structure, Strike, and Geometry<\/h2>
The company describes the BIG East pegmatite complex as a north-northeast trending corridor of parallel dykes extending at least 1.8 kilometres in strike length. The system varies in width from 10 to 100 metres and dips westward at approximately 55° to 75°. Spodumene-bearing pegmatite occurs either as a single dyke 20 to 35 metres wide or as two to four dykes with a combined thickness within corridors up to 65 metres wide. The 2026 winter holes covered 1,000 metres of strike and reached depths between 50 and 300 metres below surface.<\/p>
In addition to BIG East, the BIG area includes BIG West and BIG North pegmatites. BIG North is characterized by a north-northeast trending dyke swarm over at least 350 metres of strike, 10 to 35 metres wide, dipping about 70° west. The company suggests BIG North could be a separate complex or a fault-offset northern extension of BIG East. Of the 17 winter holes, YLP-0325 targeted BIG North, with the remaining 16 holes focused on BIG East.<\/p>
Leading Drill Intersections from BIG East in 2026 Winter Program<\/h2>
Highlight results at BIG East include hole YLP-0312, which delivered a composite 26 metres grading 1.29% Li₂O, including a high-grade 17-metre interval at 1.65% Li₂O. This hole tested 100 metres down-dip from 2023 hole YLP-0058 and intersected a 26-metre-wide pegmatite dyke. Hole YLP-0315 also yielded a notable intercept of 22 metres at 1.09% Li₂O from a 24-metre-wide pegmatite at roughly 200 metres depth near the complex center.<\/p>
Holes YLP-0320 and YLP-0319, drilled at the southern extent of BIG East, returned 1.32% Li₂O over 17 metres and a 59-metre-wide corridor containing five pegmatite dykes with a cumulative 19 metres thickness, including 1.22% Li₂O over 11 metres respectively. These southern intercepts confirm the BIG East system remains open to the south and at depth, indicating significant potential for resource expansion.<\/p>
Drill Results from Central and Northern BIG East Sections<\/h2>
Further north along BIG East, holes YLP-0321, YLP-0322, and YLP-0323 were drilled 100 metres north of the southern holes. YLP-0321, at approximately 50 metres depth, intersected a 100-metre-wide corridor with eight pegmatite dykes totaling 28 metres thickness, including spodumene-bearing dykes grading 1.24% Li₂O over 5 metres and 1.08% Li₂O over 5 metres. YLP-0322, 50 metres down-dip of YLP-0321, cut through seven dykes totaling 33 metres within 75 metres drilled width, with four spodumene-bearing dykes returning 1.15% Li₂O over 9 metres and 0.97% Li₂O over 10 metres.<\/p>
YLP-0323, drilled 100 metres further down-dip, intersected a 54-metre-wide corridor containing four dykes summing to 33 metres of pegmatite, with intervals of 0.82% Li₂O over 6 metres and 1.30% Li₂O over 1 metre. Hole YLP-0309, located 100 metres north and testing the central BIG East at 200 metres depth, intersected a 27-metre-wide pegmatite with 10 metres averaging 0.66% Li₂O, including 1.13% Li₂O over 4 metres. These results demonstrate mineralization continuity across central and northern BIG East.<\/p>
Deeper Drilling at BIG East Reveals Variable Spodumene Grades at 275–300 Metres<\/h2>
Several holes targeted depths of 275 to 300 metres to assess mineralization continuity. Hole YLP-0308, 100 metres down-dip from high-grade YLP-0312, intersected four pegmatite dykes totaling 45 metres within 57 metres drilled width but showed negligible spodumene content, indicating the high-grade mineralization does not consistently extend to this depth on this section.<\/p>
Similarly, holes YLP-0317 and YLP-0316, drilled near 300 metres depth, intersected pegmatite dykes of 32 and 22 metres width respectively but returned negligible spodumene. These findings suggest spodumene grades vary at depth, a factor for consideration in future resource modeling.<\/p>
2025 Summer Program Results from Fi Main, Fi SW, and Ki Pegmatites<\/h2>
The three holes drilled in summer 2025 on Fi Main, Fi SW, and Ki pegmatites underwent geotechnical strength testing before geochemical assays, supporting both resource and engineering data collection. Hole YLP-0304 on Fi Main returned 21 metres at 1.09% Li₂O, including 13 metres at 1.38% Li₂O. Hole YLP-0306 on Ki yielded 18 metres grading 1.41% Li₂O, one of the best intersections in the update. These results reinforce multiple high-grade targets beyond BIG and provide geotechnical data relevant for future development, although no timeline for such studies was provided.<\/p>
BIG East System Confirmed Open Southward and at Depth<\/h2>
Li-FT Power’s update confirms the BIG East mineralized system remains open to the south and at depth. Southern holes YLP-0319 and YLP-0320 returned significant spodumene-bearing pegmatite intercepts without evidence of system termination. This implies the BIG East corridor’s strike length may be greater than currently defined, presenting opportunities for resource expansion drilling. While open at depth, the variable spodumene grades at 275–300 metres highlight the need for further drilling to delineate the system comprehensively. Investors will likely monitor announcements on additional drilling or updated resource estimates incorporating this new data.<\/p>
Significance: First BIG Area Drilling Since October 2024 Resource Release<\/h2>
The 2026 winter drilling at BIG is the first since the inferred mineral resource was published to TSXV in October 2024 and communicated to ASX investors on 22 May 2026. The 20 new holes and 5,324 metres of drilling substantially enhance geological understanding of the BIG pegmatite system and will inform future resource estimates.<\/p>
The timing of this release, shortly after Australian investors accessed the inferred resource via the prospectus, provides ASX shareholders with a significant new dataset to evaluate. The results across multiple pegmatite systems within YLP underscore the project’s exploration potential. The company did not specify a timeline for an updated resource estimate in this release.<\/p>
Share Price Reaction and Investor Outlook<\/h2>
Immediate share price impact was not evident from public data at publication. Li-FT Power’s dual listing on ASX and TSXV means market responses may vary across exchanges. The drill results present a mix of high-grade intercepts—especially YLP-0312, YLP-0306, and southern BIG East holes—and deeper holes with minimal spodumene, offering a nuanced dataset for investors.<\/p>
From an investment standpoint, focus will likely be on the confirmation of the BIG East system’s openness southward and at depth, the high-grade results across multiple pegmatite targets, and the geotechnical data from summer program holes. The company has not provided financial guidance, production targets, or updated resource tonnage in this release. Upcoming milestones may include further drilling results or a revised inferred mineral resource estimate integrating the 2026 and 2025 drilling data.<\/p>
About Li-FT Power and the Yellowknife Lithium Project<\/h2>
Li-FT Power Ltd is a Canadian company incorporated in British Columbia and registered in Australia (Australian Registered Body Number 696 815 595). It is listed on the TSX Venture Exchange (ticker: LIFT), ASX (LFT), OTCQX (LIFFF), and Frankfurt (WS0). Its flagship asset, the Yellowknife Lithium Project, is located near Yellowknife, Northwest Territories, Canada, hosting multiple spodumene-bearing pegmatite targets including BIG, Fi, and Ki.<\/p>
The project has undergone multi-year exploration drilling, with the current program building on work from 2023 through 2025. The inferred mineral resource published in late 2024 marked a key milestone, and the 2026 winter drilling is the first systematic effort to test and expand that resource at BIG. The company has not disclosed development timelines, capital expenditure estimates, or offtake agreements related to YLP in this update.<\/p>
Overview of 2026 Winter and 2025 Summer Drilling at Yellowknife<\/h2>
Li-FT Power’s recent update details results from a combined 20-hole, 5,324-metre drilling initiative conducted across two field seasons at the Yellowknife Lithium Project near Yellowknife, Northwest Territories, Canada. The larger 2026 winter program comprised 17 holes totaling 4,778 metres, all focused on the BIG area. The 2025 summer program included three holes totaling 546 metres drilled on the Fi Main, Fi SW, and Ki pegmatites, with initial geotechnical strength testing preceding geochemical assays.<\/p>
Released on 30 June 2026, these results provide a substantial addition to the project’s drilling database. The 2026 winter campaign marks the first systematic drilling at BIG since the inferred mineral resource estimate was first disclosed to the TSXV in October 2024 and subsequently to ASX investors on 22 May 2026 via the company’s ASIC-registered prospectus lodged on 13 April 2026. The program’s extensive scope highlights Li-FT Power’s commitment to delineating and expanding mineralization across YLP.<\/p>
BIG East Pegmatite Complex: Structure, Strike, and Geometry<\/h2>
The company describes the BIG East pegmatite complex as a north-northeast trending corridor of parallel dykes extending at least 1.8 kilometres in strike length. The system varies in width from 10 to 100 metres and dips westward at approximately 55° to 75°. Spodumene-bearing pegmatite occurs either as a single dyke 20 to 35 metres wide or as two to four dykes with a combined thickness within corridors up to 65 metres wide. The 2026 winter holes covered 1,000 metres of strike and reached depths between 50 and 300 metres below surface.<\/p>
In addition to BIG East, the BIG area includes BIG West and BIG North pegmatites. BIG North is characterized by a north-northeast trending dyke swarm over at least 350 metres of strike, 10 to 35 metres wide, dipping about 70° west. The company suggests BIG North could be a separate complex or a fault-offset northern extension of BIG East. Of the 17 winter holes, YLP-0325 targeted BIG North, with the remaining 16 holes focused on BIG East.<\/p>
Leading Drill Intersections from BIG East in 2026 Winter Program<\/h2>
Highlight results at BIG East include hole YLP-0312, which delivered a composite 26 metres grading 1.29% Li₂O, including a high-grade 17-metre interval at 1.65% Li₂O. This hole tested 100 metres down-dip from 2023 hole YLP-0058 and intersected a 26-metre-wide pegmatite dyke. Hole YLP-0315 also yielded a notable intercept of 22 metres at 1.09% Li₂O from a 24-metre-wide pegmatite at roughly 200 metres depth near the complex center.<\/p>
Holes YLP-0320 and YLP-0319, drilled at the southern extent of BIG East, returned 1.32% Li₂O over 17 metres and a 59-metre-wide corridor containing five pegmatite dykes with a cumulative 19 metres thickness, including 1.22% Li₂O over 11 metres respectively. These southern intercepts confirm the BIG East system remains open to the south and at depth, indicating significant potential for resource expansion.<\/p>
Drill Results from Central and Northern BIG East Sections<\/h2>
Further north along BIG East, holes YLP-0321, YLP-0322, and YLP-0323 were drilled 100 metres north of the southern holes. YLP-0321, at approximately 50 metres depth, intersected a 100-metre-wide corridor with eight pegmatite dykes totaling 28 metres thickness, including spodumene-bearing dykes grading 1.24% Li₂O over 5 metres and 1.08% Li₂O over 5 metres. YLP-0322, 50 metres down-dip of YLP-0321, cut through seven dykes totaling 33 metres within 75 metres drilled width, with four spodumene-bearing dykes returning 1.15% Li₂O over 9 metres and 0.97% Li₂O over 10 metres.<\/p>
YLP-0323, drilled 100 metres further down-dip, intersected a 54-metre-wide corridor containing four dykes summing to 33 metres of pegmatite, with intervals of 0.82% Li₂O over 6 metres and 1.30% Li₂O over 1 metre. Hole YLP-0309, located 100 metres north and testing the central BIG East at 200 metres depth, intersected a 27-metre-wide pegmatite with 10 metres averaging 0.66% Li₂O, including 1.13% Li₂O over 4 metres. These results demonstrate mineralization continuity across central and northern BIG East.<\/p>
Deeper Drilling at BIG East Reveals Variable Spodumene Grades at 275–300 Metres<\/h2>
Several holes targeted depths of 275 to 300 metres to assess mineralization continuity. Hole YLP-0308, 100 metres down-dip from high-grade YLP-0312, intersected four pegmatite dykes totaling 45 metres within 57 metres drilled width but showed negligible spodumene content, indicating the high-grade mineralization does not consistently extend to this depth on this section.<\/p>
Similarly, holes YLP-0317 and YLP-0316, drilled near 300 metres depth, intersected pegmatite dykes of 32 and 22 metres width respectively but returned negligible spodumene. These findings suggest spodumene grades vary at depth, a factor for consideration in future resource modeling.<\/p>
2025 Summer Program Results from Fi Main, Fi SW, and Ki Pegmatites<\/h2>
The three holes drilled in summer 2025 on Fi Main, Fi SW, and Ki pegmatites underwent geotechnical strength testing before geochemical assays, supporting both resource and engineering data collection. Hole YLP-0304 on Fi Main returned 21 metres at 1.09% Li₂O, including 13 metres at 1.38% Li₂O. Hole YLP-0306 on Ki yielded 18 metres grading 1.41% Li₂O, one of the best intersections in the update. These results reinforce multiple high-grade targets beyond BIG and provide geotechnical data relevant for future development, although no timeline for such studies was provided.<\/p>
BIG East System Confirmed Open Southward and at Depth<\/h2>
Li-FT Power’s update confirms the BIG East mineralized system remains open to the south and at depth. Southern holes YLP-0319 and YLP-0320 returned significant spodumene-bearing pegmatite intercepts without evidence of system termination. This implies the BIG East corridor’s strike length may be greater than currently defined, presenting opportunities for resource expansion drilling. While open at depth, the variable spodumene grades at 275–300 metres highlight the need for further drilling to delineate the system comprehensively. Investors will likely monitor announcements on additional drilling or updated resource estimates incorporating this new data.<\/p>
Significance: First BIG Area Drilling Since October 2024 Resource Release<\/h2>
The 2026 winter drilling at BIG is the first since the inferred mineral resource was published to TSXV in October 2024 and communicated to ASX investors on 22 May 2026. The 20 new holes and 5,324 metres of drilling substantially enhance geological understanding of the BIG pegmatite system and will inform future resource estimates.<\/p>
The timing of this release, shortly after Australian investors accessed the inferred resource via the prospectus, provides ASX shareholders with a significant new dataset to evaluate. The results across multiple pegmatite systems within YLP underscore the project’s exploration potential. The company did not specify a timeline for an updated resource estimate in this release.<\/p>
Share Price Reaction and Investor Outlook<\/h2>
Immediate share price impact was not evident from public data at publication. Li-FT Power’s dual listing on ASX and TSXV means market responses may vary across exchanges. The drill results present a mix of high-grade intercepts—especially YLP-0312, YLP-0306, and southern BIG East holes—and deeper holes with minimal spodumene, offering a nuanced dataset for investors.<\/p>
From an investment standpoint, focus will likely be on the confirmation of the BIG East system’s openness southward and at depth, the high-grade results across multiple pegmatite targets, and the geotechnical data from summer program holes. The company has not provided financial guidance, production targets, or updated resource tonnage in this release. Upcoming milestones may include further drilling results or a revised inferred mineral resource estimate integrating the 2026 and 2025 drilling data.<\/p>
About Li-FT Power and the Yellowknife Lithium Project<\/h2>
Li-FT Power Ltd is a Canadian company incorporated in British Columbia and registered in Australia (Australian Registered Body Number 696 815 595). It is listed on the TSX Venture Exchange (ticker: LIFT), ASX (LFT), OTCQX (LIFFF), and Frankfurt (WS0). Its flagship asset, the Yellowknife Lithium Project, is located near Yellowknife, Northwest Territories, Canada, hosting multiple spodumene-bearing pegmatite targets including BIG, Fi, and Ki.<\/p>
The project has undergone multi-year exploration drilling, with the current program building on work from 2023 through 2025. The inferred mineral resource published in late 2024 marked a key milestone, and the 2026 winter drilling is the first systematic effort to test and expand that resource at BIG. The company has not disclosed development timelines, capital expenditure estimates, or offtake agreements related to YLP in this update.<\/p>
