With reference to mineral resources, which of the following statement/s is/are correct?

1. Lithium's inferred resources have been found in Reasi district of Jammu & Kashmir.
2. India is import dependent for many mineraIs like Lithium Nickel and Cobalt.

Select the correct answer using the code give below—
Code-

A) Only 1

B) Both 1 and 2

C) Only 2

D) Neither 1 nor 2

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 2023 (GS Paper I)