Katoro Gold PLC - Tanzania and South Africa-focused minerals exploration and development company - Provides update relating to the company’s critical minerals exploration portfolio in Ontario, Canada. Says the 100%-owned Iva Lithium Project has been expanded to include newly interpreted pegmatite targets prospective for the mineralisation of lithium-bearing minerals over a trend extending 5.5 km.

‘From a strategic perspective, this is an excellent location to make a lithium discovery at an economic scale and grade,’ says Chief Executive Patrick Cullen.

Adds: ‘The geological setting is highly prospective in terms of the local intrusive types and structure, the numerous pegmatites mapped in the 1970s, and supported by elevated anomalous lithium and other elements from lake sediments reported in 2001.’

Current stock price: 0.055 pence, up 22% in London on Thursday

12-month change: down 39%

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