11:36 AM EDT, 06/11/2024 (MT Newswires) -- Li-FT Power ( LIFFF ) fell 9% after the company on Tuesday reported the final batch of drill results from the winter 2024 drill program at pegmatites within the Yellowknife lithium project in the Northwest Territories.

Drilling intersected significant intervals of spodumene mineralization from seven different pegmatite complexes that include Shorty, Ki, Echo, BIG East, Fi SW, Nite, and BIG West, the company said. Highlights include 25 meters at 1.21% lithium oxide (Li2O) at the Shorty pegmatite and 13 meters at 1.05% Li2O at the Ki pegmatite.

"LIFT has drilled approximately 50,000 meters in the last 12 months and has shown the scale of the Yellowknife lithium project," chief executive Francis MacDonald said in a release. "We look forward to reporting a maiden resource estimate in the next months and also metallurgical test work."

The company concluded its winter drill program at the Yellowknife lithium project with a combined total of 286 diamond drill holes completed between the summer and winter programs.

Li-FT's shares were last seen down $0.33 to $3.34 on the TSX Venture Exchange.

Price: 3.34, Change: -0.33, Percent Change: -8.99