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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 the Northwest Territories, Canada, completed during the 2026 winter and 2025 summer drilling programs. The findings highlight multiple high-grade zones within the BIG East pegmatite, including a notable 26-metre intercept at 1.29% Li₂O with a higher-grade 17-metre section averaging 1.65% Li₂O. This drilling campaign represents the first exploration at the BIG area since the company’s inferred mineral resource was reported in late 2024, with results indicating that the mineralized system remains open in several directions. Stakeholders will be closely watching how these results influence forthcoming resource updates and project development strategies.<\/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 during the 2026 winter (17 holes, 4,778 m) and 2025 summer (3 holes, 546 m) programs at Yellowknife Lithium Project, NWT, Canada<\/li>
- Significant intercepts include YLP-0312: 26 m at 1.29% Li₂O with 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 at the BIG area since the inferred mineral resource was disclosed to the TSXV in October 2024 and to the ASX on 22 May 2026<\/li>
- BIG East mineralized system remains 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 program performed during two field seasons at the Yellowknife Lithium Project, located near Yellowknife city in Canada’s Northwest Territories. The 2026 winter program was the larger effort, comprising 17 holes totaling 4,778 metres focused on the BIG area. The 2025 summer program included three holes totaling 546 metres drilled at the Fi Main, Fi SW, and Ki pegmatites, which underwent geotechnical strength testing before geochemical assays.<\/p>
Released on 30 June 2026, these results provide a substantial addition to the project’s drilling data. The 2026 winter campaign marks the first systematic drilling of the BIG area since the inferred mineral resource estimate was initially released to the TSXV in October 2024 and later to ASX investors on 22 May 2026 through the company’s ASIC-lodged prospectus dated 13 April 2026. The program’s scale and distribution reflect Li-FT Power’s ongoing dedication to expanding and delineating mineralization at the YLP.<\/p>
BIG East Pegmatite Complex: Structure, Strike, and Geometry<\/h2>
The BIG East pegmatite complex is described as a north-northeast trending corridor of parallel dykes extending over at least 1.8 kilometres in strike length. The system varies in width from 10 to 100 metres and dips westward between 55° and 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 drilling extended along 1,000 metres of strike and reached depths between 50 and 300 metres below surface.<\/p>
Besides BIG East, the BIG area includes the BIG West and BIG North pegmatites. BIG North is characterized by a north-northeast trending dyke swarm with at least 350 metres of strike length, widths from 10 to 35 metres, and dipping approximately 70° west. The company indicated BIG North may be a separate complex or a fault-offset extension of BIG East. Of the 17 winter holes, one (YLP-0325) targeted BIG North, while the remaining 16 focused on BIG East.<\/p>
Leading Drill Intercepts at BIG East from 2026 Winter Program<\/h2>
Highlighting the BIG East results, hole YLP-0312 delivered the top individual intercept, intersecting 26 metres at 1.29% Li₂O including a 17-metre higher-grade section at 1.65% Li₂O. This hole tested 100 metres down-dip from YLP-0058 drilled in 2023 and encountered a 26-metre-wide pegmatite dyke. Hole YLP-0315 also returned strong results, intersecting a 24-metre-wide pegmatite dyke with 1.09% Li₂O over 22 metres at approximately 200 metres depth near the complex’s center.<\/p>
YLP-0320, drilled near the southern extent of BIG East, reported 1.32% Li₂O over 17 metres within a 20-metre-wide pegmatite at roughly 200 metres depth. Its adjacent hole YLP-0319, 100 metres up-dip, intersected a 59-metre-wide corridor containing five pegmatite dykes totaling 19 metres in thickness, with the thickest dyke grading 1.22% Li₂O over 11 metres. These southern holes confirm the BIG East system remains open to the south and at depth, highlighting potential for resource expansion in that direction.<\/p>
Drilling Outcomes in Northern and Central BIG East Sections<\/h2>
Further north along the BIG East corridor, holes YLP-0321, YLP-0322, and YLP-0323 were drilled 100 metres north of YLP-0319 and YLP-0320. YLP-0321, at about 50 metres depth, intersected a 100-metre-wide corridor with eight pegmatite dykes totaling 28 metres. Four dykes contained spodumene, with notable composites of 1.24% Li₂O over 5 metres and 1.08% Li₂O over 5 metres. YLP-0322, drilled roughly 50 metres down-dip from YLP-0321, intersected seven dykes totaling 33 metres across 75 metres width, including four spodumene-bearing dykes with intercepts such as 1.15% Li₂O over 9 metres and 0.97% Li₂O over 10 metres.<\/p>
YLP-0323, 100 metres further down-dip, cut a 54-metre-wide corridor with four dykes totaling 33 metres of pegmatite, returning 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 corridor at 200 metres depth, intersected a 27-metre-wide pegmatite with 10 metres averaging 0.66% Li₂O, including 4 metres at 1.13% Li₂O. These northern and central results demonstrate consistent mineralization along a substantial portion of the corridor.<\/p>
Deeper Drilling at BIG East Shows Variable Spodumene Grades Between 275 and 300 Metres Depth<\/h2>
Several holes targeted BIG East at depths of 275 to 300 metres to assess mineralization behavior at depth. Hole YLP-0308, drilled 100 metres down-dip from the high-grade YLP-0312, intersected four pegmatite dykes totaling 45 metres within 57 metres drilled width but showed negligible spodumene, indicating the high-grade mineralization at shallower levels does not consistently continue deeper on this section.<\/p>
Similarly, YLP-0317, drilled around 300 metres depth and 125 metres down-dip of 2023 hole YLP-0115, intersected a 32-metre-wide pegmatite dyke with negligible spodumene. YLP-0316, drilled 100 metres north of YLP-0317 at similar depth, also intersected a 22-metre-wide pegmatite dyke lacking significant spodumene. These findings suggest that while the structural corridor extends at depth, spodumene grade is variable and not uniformly present in deeper zones, an important consideration for future resource modeling.<\/p>
2025 Summer Drilling Results from Fi Main, Fi SW, and Ki Pegmatites<\/h2>
The three holes drilled during the 2025 summer program targeted the Fi Main, Fi SW, and Ki pegmatites, distinct areas within the YLP. These holes underwent geotechnical strength testing prior to geochemical analysis, providing both assay and engineering data relevant for future development. Hole YLP-0304 at Fi Main returned 21 metres at 1.09% Li₂O including 13 metres at 1.38% Li₂O.<\/p>
Hole YLP-0306 at Ki yielded 18 metres at 1.41% Li₂O, ranking among the best intercepts reported in this update. These results reinforce the presence of multiple high-grade targets beyond the BIG area and the geotechnical information may support future prefeasibility or feasibility studies, although no timeline for such work was provided.<\/p>
BIG East System Confirmed Open Southward and at Depth<\/h2>
A key highlight from Li-FT Power’s update is the confirmation that the BIG East mineralized system remains open to the south and at depth. The southernmost holes, YLP-0319 and YLP-0320, returned substantial spodumene-bearing pegmatite intercepts without evidence of system termination. This suggests the BIG East corridor’s strike length may be longer than currently defined, offering potential for resource growth through southern extension drilling.<\/p>
The system’s openness at depth adds further exploration potential, though the deeper holes at 275 to 300 metres showed variable spodumene content. Future drilling will likely be required to systematically evaluate the southern and depth extensions before a comprehensive resource model can be established. Investors will be attentive to announcements regarding additional drilling or updated resource estimates incorporating these new data.<\/p>
Significance: First BIG Area Drilling Since October 2024 Inferred Resource<\/h2>
The 2026 winter drilling at BIG is notable as the first since Li-FT Power’s inferred mineral resource estimate was released to the TSXV in October 2024 and to ASX investors on 22 May 2026 via the ASIC-lodged prospectus. The 20 new holes and 5,324 metres of drilling provide important geological insights that will inform any future resource revisions.<\/p>
This data release follows closely after Australian investors gained access to the inferred resource, offering ASX shareholders a substantial new dataset alongside the existing resource. The results across multiple pegmatite systems highlight the extensive exploration opportunity at YLP. The company has not specified a timeline for an updated resource estimate in this release.<\/p>
Market Reaction and Investor Outlook<\/h2>
The immediate impact on Li-FT Power’s share price was unclear at the time of publication. Listed on both the ASX and TSXV, trading activity on these exchanges may reflect market sentiment toward the drill results in coming sessions. The results present a combination of strong high-grade intercepts—particularly YLP-0312, YLP-0306, and southern BIG East holes—and deeper holes with negligible spodumene, offering investors a detailed dataset to analyze.<\/p>
From an investment standpoint, attention will focus on the confirmation that BIG East remains open southward and at depth, the breadth of high-grade intercepts across multiple pegmatite targets, and the geotechnical data from summer program holes. The company has not provided updated financial guidance, production targets, or resource tonnage in this update. The next major milestones are expected to be further drill results or a revised inferred mineral resource estimate incorporating the 2026 winter and 2025 summer 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 as a foreign entity (Australian Registered Body Number 696 815 595). It is listed on the TSX Venture Exchange (ticker: LIFT), ASX (LFT), OTCQX (LIFFF), and Frankfurt (WS0). The company’s flagship asset, the Yellowknife Lithium Project, is located near Yellowknife city in Canada’s Northwest Territories and contains multiple spodumene-bearing pegmatite targets including the BIG, Fi, and Ki systems.<\/p>
The project has undergone multi-year exploration drilling, with the current program building on work conducted in 2023, 2024, and 2025. The inferred mineral resource published in late 2024 marked a key development milestone, and the 2026 winter drilling campaign is the first systematic effort to test and expand that resource at the BIG area. No development or production timelines, capital expenditure estimates, or offtake agreements were disclosed 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 program performed during two field seasons at the Yellowknife Lithium Project, located near Yellowknife city in Canada’s Northwest Territories. The 2026 winter program was the larger effort, comprising 17 holes totaling 4,778 metres focused on the BIG area. The 2025 summer program included three holes totaling 546 metres drilled at the Fi Main, Fi SW, and Ki pegmatites, which underwent geotechnical strength testing before geochemical assays.<\/p>
Released on 30 June 2026, these results provide a substantial addition to the project’s drilling data. The 2026 winter campaign marks the first systematic drilling of the BIG area since the inferred mineral resource estimate was initially released to the TSXV in October 2024 and later to ASX investors on 22 May 2026 through the company’s ASIC-lodged prospectus dated 13 April 2026. The program’s scale and distribution reflect Li-FT Power’s ongoing dedication to expanding and delineating mineralization at the YLP.<\/p>
BIG East Pegmatite Complex: Structure, Strike, and Geometry<\/h2>
The BIG East pegmatite complex is described as a north-northeast trending corridor of parallel dykes extending over at least 1.8 kilometres in strike length. The system varies in width from 10 to 100 metres and dips westward between 55° and 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 drilling extended along 1,000 metres of strike and reached depths between 50 and 300 metres below surface.<\/p>
Besides BIG East, the BIG area includes the BIG West and BIG North pegmatites. BIG North is characterized by a north-northeast trending dyke swarm with at least 350 metres of strike length, widths from 10 to 35 metres, and dipping approximately 70° west. The company indicated BIG North may be a separate complex or a fault-offset extension of BIG East. Of the 17 winter holes, one (YLP-0325) targeted BIG North, while the remaining 16 focused on BIG East.<\/p>
Leading Drill Intercepts at BIG East from 2026 Winter Program<\/h2>
Highlighting the BIG East results, hole YLP-0312 delivered the top individual intercept, intersecting 26 metres at 1.29% Li₂O including a 17-metre higher-grade section at 1.65% Li₂O. This hole tested 100 metres down-dip from YLP-0058 drilled in 2023 and encountered a 26-metre-wide pegmatite dyke. Hole YLP-0315 also returned strong results, intersecting a 24-metre-wide pegmatite dyke with 1.09% Li₂O over 22 metres at approximately 200 metres depth near the complex’s center.<\/p>
YLP-0320, drilled near the southern extent of BIG East, reported 1.32% Li₂O over 17 metres within a 20-metre-wide pegmatite at roughly 200 metres depth. Its adjacent hole YLP-0319, 100 metres up-dip, intersected a 59-metre-wide corridor containing five pegmatite dykes totaling 19 metres in thickness, with the thickest dyke grading 1.22% Li₂O over 11 metres. These southern holes confirm the BIG East system remains open to the south and at depth, highlighting potential for resource expansion in that direction.<\/p>
Drilling Outcomes in Northern and Central BIG East Sections<\/h2>
Further north along the BIG East corridor, holes YLP-0321, YLP-0322, and YLP-0323 were drilled 100 metres north of YLP-0319 and YLP-0320. YLP-0321, at about 50 metres depth, intersected a 100-metre-wide corridor with eight pegmatite dykes totaling 28 metres. Four dykes contained spodumene, with notable composites of 1.24% Li₂O over 5 metres and 1.08% Li₂O over 5 metres. YLP-0322, drilled roughly 50 metres down-dip from YLP-0321, intersected seven dykes totaling 33 metres across 75 metres width, including four spodumene-bearing dykes with intercepts such as 1.15% Li₂O over 9 metres and 0.97% Li₂O over 10 metres.<\/p>
YLP-0323, 100 metres further down-dip, cut a 54-metre-wide corridor with four dykes totaling 33 metres of pegmatite, returning 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 corridor at 200 metres depth, intersected a 27-metre-wide pegmatite with 10 metres averaging 0.66% Li₂O, including 4 metres at 1.13% Li₂O. These northern and central results demonstrate consistent mineralization along a substantial portion of the corridor.<\/p>
Deeper Drilling at BIG East Shows Variable Spodumene Grades Between 275 and 300 Metres Depth<\/h2>
Several holes targeted BIG East at depths of 275 to 300 metres to assess mineralization behavior at depth. Hole YLP-0308, drilled 100 metres down-dip from the high-grade YLP-0312, intersected four pegmatite dykes totaling 45 metres within 57 metres drilled width but showed negligible spodumene, indicating the high-grade mineralization at shallower levels does not consistently continue deeper on this section.<\/p>
Similarly, YLP-0317, drilled around 300 metres depth and 125 metres down-dip of 2023 hole YLP-0115, intersected a 32-metre-wide pegmatite dyke with negligible spodumene. YLP-0316, drilled 100 metres north of YLP-0317 at similar depth, also intersected a 22-metre-wide pegmatite dyke lacking significant spodumene. These findings suggest that while the structural corridor extends at depth, spodumene grade is variable and not uniformly present in deeper zones, an important consideration for future resource modeling.<\/p>
2025 Summer Drilling Results from Fi Main, Fi SW, and Ki Pegmatites<\/h2>
The three holes drilled during the 2025 summer program targeted the Fi Main, Fi SW, and Ki pegmatites, distinct areas within the YLP. These holes underwent geotechnical strength testing prior to geochemical analysis, providing both assay and engineering data relevant for future development. Hole YLP-0304 at Fi Main returned 21 metres at 1.09% Li₂O including 13 metres at 1.38% Li₂O.<\/p>
Hole YLP-0306 at Ki yielded 18 metres at 1.41% Li₂O, ranking among the best intercepts reported in this update. These results reinforce the presence of multiple high-grade targets beyond the BIG area and the geotechnical information may support future prefeasibility or feasibility studies, although no timeline for such work was provided.<\/p>
BIG East System Confirmed Open Southward and at Depth<\/h2>
A key highlight from Li-FT Power’s update is the confirmation that the BIG East mineralized system remains open to the south and at depth. The southernmost holes, YLP-0319 and YLP-0320, returned substantial spodumene-bearing pegmatite intercepts without evidence of system termination. This suggests the BIG East corridor’s strike length may be longer than currently defined, offering potential for resource growth through southern extension drilling.<\/p>
The system’s openness at depth adds further exploration potential, though the deeper holes at 275 to 300 metres showed variable spodumene content. Future drilling will likely be required to systematically evaluate the southern and depth extensions before a comprehensive resource model can be established. Investors will be attentive to announcements regarding additional drilling or updated resource estimates incorporating these new data.<\/p>
Significance: First BIG Area Drilling Since October 2024 Inferred Resource<\/h2>
The 2026 winter drilling at BIG is notable as the first since Li-FT Power’s inferred mineral resource estimate was released to the TSXV in October 2024 and to ASX investors on 22 May 2026 via the ASIC-lodged prospectus. The 20 new holes and 5,324 metres of drilling provide important geological insights that will inform any future resource revisions.<\/p>
This data release follows closely after Australian investors gained access to the inferred resource, offering ASX shareholders a substantial new dataset alongside the existing resource. The results across multiple pegmatite systems highlight the extensive exploration opportunity at YLP. The company has not specified a timeline for an updated resource estimate in this release.<\/p>
Market Reaction and Investor Outlook<\/h2>
The immediate impact on Li-FT Power’s share price was unclear at the time of publication. Listed on both the ASX and TSXV, trading activity on these exchanges may reflect market sentiment toward the drill results in coming sessions. The results present a combination of strong high-grade intercepts—particularly YLP-0312, YLP-0306, and southern BIG East holes—and deeper holes with negligible spodumene, offering investors a detailed dataset to analyze.<\/p>
From an investment standpoint, attention will focus on the confirmation that BIG East remains open southward and at depth, the breadth of high-grade intercepts across multiple pegmatite targets, and the geotechnical data from summer program holes. The company has not provided updated financial guidance, production targets, or resource tonnage in this update. The next major milestones are expected to be further drill results or a revised inferred mineral resource estimate incorporating the 2026 winter and 2025 summer 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 as a foreign entity (Australian Registered Body Number 696 815 595). It is listed on the TSX Venture Exchange (ticker: LIFT), ASX (LFT), OTCQX (LIFFF), and Frankfurt (WS0). The company’s flagship asset, the Yellowknife Lithium Project, is located near Yellowknife city in Canada’s Northwest Territories and contains multiple spodumene-bearing pegmatite targets including the BIG, Fi, and Ki systems.<\/p>
The project has undergone multi-year exploration drilling, with the current program building on work conducted in 2023, 2024, and 2025. The inferred mineral resource published in late 2024 marked a key development milestone, and the 2026 winter drilling campaign is the first systematic effort to test and expand that resource at the BIG area. No development or production timelines, capital expenditure estimates, or offtake agreements were disclosed in this update.<\/p>
