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Tawana Resources Nl - Strong Lithium And Tantalum Results From Extensional Drilling At Bald Hill

Release Date: 19/04/2017 09:50:00      Code(s): TAW     
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(?the Company? or ?Tawana?)

PLEASE NOTE: ALL GRAPHICS HAVE BEEN REMOVED FOR SENS PURPOSES. PLEASE REFER TO TAWANA
WEBSITE FOR THE COMPLETE ANNOUNCEMENT.

Strong Lithium and Tantalum Results from Extensional Drilling at Bald
Hill

Tawana Resources NL (?Tawana? or the ?Company?) and Alliance Mineral Assets Limited (SGX: AMAL)
are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has
intercepted the most significant lithium and tantalum results to date. These exceptional results are
extensions to the initial Resource estimation which is expected to be completed by the end of April 2017
along with the Feasibility Study.
       Highlights
- Significant lithium intercepts. Best results include:
  -    35m at 1.35% Li2O from 71m, including 10m at 1.62% Li2O, 6m at 1.61% Li2O and 6m at 1.75% Li2O in
       LRC0247;
  -    28m at 1.34% Li2O and 343ppm Ta2O5 from 92m including 12m at 2.06% Li2O and 464ppm Ta2O5 in
       LRC0226;
  -    12m at 1.16% Li2O from 95m and 11m at 1.96% Li2O from 131m including 5m at 3.14% Li2O in LRC0237
       (also see tantalum intercepts below)
  -    26m at 1.13% Li2O and 309ppm Ta2O5 from 17m including 5m at 1.99% Li2O in LRC0187; and
  -    12m at 1.64% Li2O and 219ppm Ta2O5 from 85m in LRC0229.

- Significant tantalum pentoxide intercepts included:
  -    4m at 14,782ppm (14.78kg/t) Ta2O5 and 9,974ppm Nb2O5 from 78m in LRC0237;
  -    8m at 2,468ppm Ta2O5 from 27m including 2m 7,022ppm (7.02kg/t) Ta2O5 and 0.82% Li2O in LRC0317;
  -    4m at 1,246ppm Ta2O5 from 47m including 1m at 4,211ppm Ta2O5 in LRC0318;
  -    11m at 729ppm Ta2O5 and 1.72% Li2O from 134m in LRC0222; and
  -    6m at 976ppm Ta2O5 and 1.63% Li2O from 154m in LRC0224.

- Resource work currently underway to facilitate starter pit design and mine scheduling. These results are
  outside the starter pit design and are expected to significantly increase the initial Resource.
- Increasing to five drill rigs as the extent of the spodumene pegmatites continues to expand.
- Recent drill hole (LRC0348) in the eastern extent of known mineralisation intercepted 78.6m of pegmatite
  including 57m of very high grade spodumene, assays are pending however visually it is the most significant
  hole drilled at Bald Hill to date with logged estimated spodumene contents ranging from 15 to 45%
  averaging about 30%.

Tawana Resources Managing Director Mark Calderwood stated: ?Recent significant drill intercepts from
step-out drilling has shown the Bald Hill pegmatites are displaying unusually strong zonation, evidenced by
spectacularly rich spodumene and tantalum mineralisation. This level of zonation is the preserve of the
most complex pegmatite fields (such as Greenbushes and Wodgina) and has prompted the increase in the
number of drill rigs. Tawana and AMAL are working towards commencement of commissioning of the
spodumene plant this year, and recommencement of processing of tantalum through the existing processing
facility?

Recent Drilling2
A further 115 resource and sterilisation RC drill holes totalling 13,652m were completed between 20
February 2017 and 31 March 2017. Assays have been received for 133 holes since the 3 March, 2017 update.
Recent intercepts are summarised in Tables 1 and 2 in Appendix A.
Recent high grade lithium intercepts include1:
   -   35m at 1.35% Li2O from 71m, including 10m at 1.62% Li2O, 6m at 1.61% Li2O and 6m at 1.75% Li2O in
       LRC0247;
   -   12m at 1.16% Li2O from 95m and 11m at 1.96% Li2O from 131m including 5m at 3.14% Li2O in LRC0237;
   -   12m at 1.64% Li2O and 219ppm Ta2O5 from 85m in LRC0229;
   -   15m at 1.40% Li2O from 116m in LRC0220;
   -   12m at 1.59% Li2O from surface comprising backfill in LRC0272;
   -   17m at 1.54% Li2O from 121m in LRC0219; and
   -   15m at 1.33% Li2O from 57m including 9m 1.89% Li2O in LRC0244.

Notable high grade lithium and tantalum intercepts included:
   -   28m at 1.34% Li2O and 343ppm Ta2O5 from 92m including 12m at 2.06% Li2O and 464ppm Ta2O5 in
       LRC0226;
   -   26m at 1.13% Li2O and 309ppm Ta2O5 from 17m including 5m at 1.99% Li2O in LRC0187;
   -   11m at 1.72% Li2O and 729ppm Ta2O5 from 134m in LRC0222;
   -   6m at 1.63% Li2O and 976ppm Ta2O5 from 154m in LRC0224; and
   -   15m at 1.12% Li2O and 299ppm Ta2O5 from 69m in LRC0310.

Notable high grade tantalum intercepts included:
   -   4m at 14,782ppm Ta205 including 2m at 27,174ppm (27.17kg/t) Ta2O5 and 9,974ppm Nb2O5 from
       78m in LRC0237;
   -   8m at 2,468ppm Ta2O5 from 27m including 2m 7,022ppm (7.02kg/t) Ta2O5 and 0.82% Li2O in LRC0317;
   -   4m at 1,246ppm Ta2O5 from 47m including 1m at 4,211ppm Ta2O5 in LRC0318;
   -   5m at 742ppm Ta2O5 from 87m in LRC0166;
   -   7m at 662ppm Ta2O5 from 177m including 2m at 1,053ppm Ta2O5 in LRC0245; and
   -   2m at 1,308ppm Ta2O5 from 55m in LRC0322.

Recent drill hole (LRC0348) in the eastern extent of known mineralisation intercepted 78.6m of pegmatite
from 147.4m, including 57m of very high grade spodumene from 160m, assays are pending however visually
it is the most significant hole drilled at Bald Hill to date with spodumene logged as the most abundant
mineral with a logged range from 15-45% with an average of about 30% spodumene. Extensional drill hole
LRC0405 intercepted 45m of pegmatite containing high spodumene, assays are pending.
Bald Hill Project (AMAL 100%, TAW Earning 50%)

The Bald Hill project (Project) area is located 50km south east of Kambalda in the Eastern Goldfields of
Western Australia. It is located approximately 75km south east of the Mt Marion Lithium project and is
adjacent to Tawana?s Cowan Lithium project. The Project, owned by Alliance Mineral Assets Limited
(AMAL), includes a permitted tantalum (pegmatite) mine, processing facility and associated infrastructure.

Through Tawana?s 100% owned subsidiary Lithco No. 2 Pty Ltd, Tawana entered into a Farm-In Agreement
on 23 February 2017 with Alliance Mineral Assets Limited (?AMAL?) with respect to AMAL?s Bald Hill project
in Western Australia for the purpose of joint exploration and exploitation of lithium and other minerals.
The commercial terms require Tawana:

    i. to spend, by 31 December 2017 (or such later date as may be agreed between the parties), a
       minimum of $7.5 million on exploration, evaluation and feasibility (?Expenditure Commitment?);
       and

    ii. to spend, $12.5 million in capital expenditure required for upgrading and converting the plant for
        processing ore derived from the Project, infrastructure costs, pre-stripping activities and other
        expenditures including operating costs (?Capital Expenditure?) by 31 December 2019.




Upon completion of the Expenditure Commitment, Tawana shall be entitled to 50% of all rights to lithium
minerals from the tenements comprising the Project (?Tenements?). AMAL and Lithco had on 10 April 2017
entered into a lithium rights joint venture agreement.
Upon completion of the Expenditure Commitment and Capital Expenditure, Tawana will be entitled to a
50% interest in the Project (being all minerals from the tenements and the processing plant and
infrastructure at Bald Hill). The portfolio of mineral tenements, comprising mining leases, exploration
licences, prospecting licences, miscellaneous licences, a general-purpose lease, and a retention lease are
in good standing.

Feasibility Study
The Companies are in the advanced stages of completing a feasibility study with the metallurgical and
process engineering aspects of the study essentially completed and the detailed mining engineering is
underway. Product off-take pricing and prepayment negotiations are also in an advanced stage.
Cashflow modelling will be completed when the key areas of the study are completed. However, Tawana
and AMAL have given go-ahead for the commencement of detailed design and final long lead item
equipment selection.

competent Persons Statement
The information in this news release that relates to Exploration Results is based on and fairly represents information and supporting
documentation compiled by Mr Mark Calderwood and Mr Gareth Reynolds, both employees of Tawana Resources NL (?Tawana?). Mr
Calderwood is a member of The Australasian Institute of Mining and Metallurgy and Mr Reynolds is a member of the Australian Institute
of Geoscientists. Mr Calderwood and Mr Reynolds have sufficient experience relevant to the style of mineralisation under consideration
and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ?Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves?. Mr Calderwood and Mr Reynolds consent to the inclusion in
this report of the matters based on their information in the form and context in which it appears. Mr Calderwood and Mr Reynolds meet
the requirements to act as a Qualified Person (as defined in the SGX Catalist rules).
Mr Calderwood is a significant shareholder in Tawana. Mr Calderwood and Tawana do not consider these to constitute a potential conflict
of interest to his role as Competent Person. Mr Calderwood is not aware of any other relationship with Tawana which could constitute a
potential for a conflict of interest.
Mr Reynolds is an employee of Tawana. Mr Reynolds is not aware of any other relationship with Tawana which could constitute a potential
for a conflict of interest.

Forward Looking Statement
This report may contain certain forward looking statements and projections regarding estimated, resources and reserves; planned
production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward
looking statements/projections are estimates for discussion purposes only and should not be relied upon as representation or warranty,
express or implied, of Tawana Resources NL and/or Alliance Mineral Assets Limited. They are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Tawana Resources NL and/or
Alliance Mineral Assets Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially
from results ultimately achieved.

Tawana Resources NL and/or Alliance Mineral Assets Limited does not make any representations and provides no warranties concerning
the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new
information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report
has been prepared in good faith, neither Tawana Resources NL and/or Alliance Mineral Assets Limited or any of their directors, officers,
agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or
correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted
by law, none of Tawana Resources NL and/or Alliance Mineral Assets Limited, their directors, employees or agents, advisers, nor any
other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect
of, the accuracy or completeness of the information or for any of the opinions contained in this announcement or for any errors, omissions
or misstatements or for any loss, howsoever arising, from the use of this announcement.


19 April 2017

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Limited

Appendix A

Table 1| Drill Summary, Deeper Extensional Holes with Pegmatite Intercepts

              Easting      Northing      RL   Depth                       From     To   Width   Pegmatite
  Hole ID                                             Azm   Dec.   Type
                   m             m       m       m                           m     m       m    Type
  LRC0097    421,281      6,512,679   282.3      90    90    -60    RC       52    61       9   Li, Ta
                                                                             74    80       6   Li, Ta
  LRC0098    421,363      6,512,679   282.9      96    90    -60    RC       59    64       5   Li
                                                                             76    78       2   barren
                                                                             81    85       4   Li, Ta
  LRC0100    421,519      6,512,680   284.7      90    90    -60    RC       28    32       4   Ta
  LRC0216    421,920      6,512,241   280.4     143    90    -60    RC       91    99       8   Li, Ta
                                                                            107   110       3   Li, Ta
                                                                            134   140       6   Li, Ta
  LRC0217    421,880      6,512,239   280.2     187    90    -60    RC      104   121      17   Li, Ta
                                                                            154   162       8   Li, Ta
  LRC0218    421,839      6,512,241   280.6     199    90    -60    RC       46    48       2   Li
                                                                            108   110       2   Ta
                                                                            112   141      29   Li, Ta
                                                                            174   189      15   Li, Ta
  LRC0269    421,857      6,512,840   292.5      49    90    -60    RC       11    12       1   barren
                                                                             32    33       1   Ta
                                                                             37    39       2   Ta
  LRC0270    421,818      6,512,840   291.7      41    90    -60    RC        0     8       8   barren
                                                                             21    34      13   Li, Ta
  LRC0271    421,858      6,512,881   292.9      40    90    -60    RC       24    26       2   Li
                                                                             27    34       7   Li, Ta
  LRC0272    421,821      6,512,880   292.7      34    90    -60    RC       20    25       5   Li, Ta
                                                                             27    29       2   Ta
  LRC0273    421,783      6,512,881   291.2      33    90    -60    RC       21    26       5   Li, Ta
  LRC0274    421,852      6,512,920   293.9      41    90    -60    RC       13    25      12   Li, Ta
  LRC0275    421,821      6,512,920   292.5      27    90    -60    RC        7    16       9   Li, Ta
  LRC0276    421,781      6,512,919   291.5      31    90    -60    RC       12    15       3   Li, Ta
                                                                             21    24       3   Li, Ta
  LRC0277    422,000      6,512,960   298.4      40    90    -60    RC       29    33       4   Ta
  LRC0151    421,518      6,512,441   283.1     123    90    -60    RC       62    67       5   Li, Ta
                                                                             82    84       2   barren
                                                                            117   118       1   barren
  LRC0220    421,757      6,512,238   281.7     206    90    -60    RC       83    87       4   Li, Ta
                                                                            115   136      21   Li, Ta
                                                                            149   150       1   Ta
                                                                            189   190       1   barren
                                                                            193   197       4   Ta
  LRC0221    421,720      6,512,238   282.2     208    90    -60    RC       25    27       2   Ta
                                                                             82    99      17   Li, Ta
                                                                            114   145      31   Li, Ta
  LRC0222    421,918      6,512,281   281.5     160    90    -60    RC       30    32       2   barren
                                                                             34    36       2   Ta
                                                                             87    94       7   Li, Ta
                                                                            110   112       2   Ta
                                                                            134   151      17   Li, Ta
  LRC0270    421,818      6,512,840   291.7      41    90    -60    RC        0     8       8   barren
  LRC0271    421,858      6,512,881   292.9      40    90    -60    RC        0     3       3   barren
                                                                              8    16       8   barren
  LRC0272    421,821      6,512,880   292.7      34    90    -60    RC        0    12      12   backfill
  LRC0278    421,792      6,513,000   293.4      30    90    -60    RC        7    12       5   Li, Ta
                                                                             14    15       1   barren
  LRC0279    421,841      6,513,041   292.9      40    90    -60    RC       32    33       1   barren
  LRC0281    421,759      6,513,041   290.3      40    90    -60    RC       11    13       2   Ta
           Easting    Northing      RL   Depth                       From     To   Width   Pegmatite
Hole ID                                          Azm   Dec.   Type
                m           m       m       m                           m     m       m    Type
LRC0282   421,759    6,512,841   290.3      60    90    -60    RC       33    45      12   Li, Ta
LRC0283   421,716    6,512,841   289.9      60    90    -60    RC       11    16       5   Ta
                                                                        36    42       6   Li, Ta
LRC0284   421,678    6,512,841   288.8      80    90    -60    RC       17    19       2   barren
                                                                        24    26       2   barren
                                                                        61    68       7   Li, Ta
LRC0152   421,437    6,512,440   282.1     126    90    -60    RC       79    88       9   Li, Ta
                                                                       102   103       1   barren
                                                                       106   107       1   barren
LRC0153   421,958    6,512,961   296.2      60    90    -60    RC       21    22       1   Ta
LRC0155   421,878    6,512,960   295.4      60    90    -60    RC       15    16       1   barren
                                                                        27    30       3   Ta
LRC0223   421,875    6,512,282   281.7     176    90    -60    RC       41    42       1   barren
                                                                        62    63       1   barren
                                                                        74    75       1   barren
                                                                        93    97       4   Li, Ta
                                                                       100   103       3   Li
                                                                       115   122       7   Li, Ta
                                                                       146   165      19   Li, Ta
LRC0224   421,841    6,512,281   282.3     174    90    -60    RC        0     2       2   barren
                                                                        43    45       2   barren
                                                                        74    76       2   Ta
                                                                        93    94       1   Li
                                                                        96    97       1   Li
                                                                        98   120      22   Li, Ta
                                                                       121   124       3   barren
                                                                       125   126       1   barren
                                                                       154   160       6   Li, Ta
LRC0225   421,801    6,512,280   282.2     182    90    -60    RC       12    15       3   barren
                                                                        44    46       2   barren
                                                                        84    86       2   Li, Ta
                                                                       102   104       2   Li, Ta
                                                                       108   128      20   Li, Ta
                                                                       169   176       7   Li, Ta
LRC0285   421,760    6,512,801   289.9      80    90    -60    RC       35    38       3   Li, Ta
                                                                        39    40       1   Li
                                                                        47    53       6   Li, Ta
LRC0286   421,678    6,512,802   288.5      80    90    -60    RC       21    22       1   Ta
                                                                        29    30       1   barren
                                                                        33    35       2   Ta
                                                                        60    72      12   Li, Ta
LRC0287   421,761    6,512,760   289.5      70    90    -60    RC       51    54       3   Li
                                                                        62    64       2   Ta
LRC0288   421,760    6,512,722   289.1      80    90    -60    RC       60    70      10   Li, Ta
LRC0289   421,779    6,512,721   289.3      71    90    -60    RC       58    62       4   Li, Ta
LRC0156   421,839    6,512,960   295.1      60    90    -60    RC       49    50       1   barren
LRC0157   421,799    6,512,961   293.4      60    90    -60    RC        9    12       3   Li
                                                                        13    17       4   barren
                                                                        56    57       1   barren
LRC0158   421,719    6,512,960   290.1      60    90    -60    RC       27    32       5   Li,Ta
LRC0160   421,959    6,512,920   296.4      40    90    -60    RC        7    10       3   Ta
LRC0161   421,919    6,512,920   295.7      48    90    -60    RC       11    12       1   barren
                                                                        34    38       4   Li,Ta
LRC0163   421,757    6,512,919   291.3      40    90    -60    RC        1     3       2   barren
                                                                         7     8       1   barren
                                                                        22    28       6   Li
LRC0226   421,759    6,512,280   282.5     188    90    -60    RC        2     4       2   Ta
                                                                        30    31       1   Ta
                                                                        43    44       1   barren
          Easting   Northing      RL    Depth                       From     To   Width   Pegmatite
Hole ID                                         Azm   Dec.   Type
               m          m       m        m                           m     m       m    Type
                                                                       45    46       1   barren
                                                                       79    81       2   Li,Ta
                                                                       92   121      29   Li,Ta
                                                                      127   130       3   Ta
                                                                      136   137       1   Ta
                                                                      174   179       5   Ta
LRC0227   421,718   6,512,280   283.1      79    90    -60    RC       22    25       3   barren
                                                                       36    37       1   barren
                                                                       59    60       1   Ta
LRC0290   421,723   6,512,761   288.9      84    90    -60    RC       44    50       6   Li,Ta
                                                                       63    72       9   Li,Ta
LRC0291   421,685   6,512,761   288.3      97    90    -60    RC       40    47       7   Li,Ta
                                                                       68    85      17   Li,Ta
LRC0292   422,000   6,512,840   297.1      65    90    -60    RC       49    53       4   Ta
LRC0165   421,719   6,512,880   290.0      60    90    -60    RC       29    38       9   Li, Ta
LRC0166   421,679   6,512,881   288.9     102    90    -60    RC       13    15       2   Ta
                                                                       22    23       1   barren
                                                                       32    33       1   barren
                                                                       36    37       1   Ta
                                                                       85    93       8   ta
LRC0219   421,801   6,512,240   281.1     211    90    -60    RC       33    35       2   barren
                                                                       48    49       1   barren
                                                                       88    89       1   Ta
                                                                       89    91       2
                                                                      104   105       1   Ta
                                                                      121   141      20   Li, Ta
                                                                      191   196       5   Li, Ta
LRC0228   421,721   6,512,280   283.0     200    90    -60    RC       22    25       3   barren
                                                                       53    55       2   barren
                                                                       60    61       1   barren
                                                                       81    94      13   Li, Ta
                                                                      115   127      12   Li, Ta
                                                                      140   142       2   Ta
                                                                      154   155       1   barren
                                                                      191   194       3   Ta
LRC0229   421,684   6,512,279   283.5     223    90    -60    RC       22    23       1   barren
                                                                       23    25       2   Ta
                                                                       39    41       2   barren
                                                                       62    67       5   Ta
                                                                       84    99      15   Li, Ta
                                                                      114   116       2   Li, Ta
                                                                      118   129      11   Li, Ta
LRC0293   421,697   6,512,718   288.2      96    90    -60    RC       43    52       9   Li, Ta
                                                                       72    80       8   Li, Ta
                                                                       85    86       1   barren
LRC0294   421,980   6,512,799   296.3      65    90    -60    RC       18    19       1   barren
                                                                       24    27       3   Ta
                                                                       48    55       7   Li, Ta
                                                                       58    60       2   Ta
LRC0295   422,001   6,512,760   297.3      86    90    -60    RC       26    27       1   Ta
                                                                       64    66       2   Ta
                                                                       74    77       3   Ta
LRC0296   421,879   6,512,640   290.5      66   270    -60    RC        9    10       1   barren
                                                                       47    59      12   Li, Ta
LRC0167   421,958   6,512,879   296.4      54    90    -60    RC        0     5       5   Ta
                                                                       38    49      11   Li, Ta
LRC0168   421,718   6,512,919   289.9      60    90    -60    RC       34    38       4   Li
LRC0169   421,680   6,512,918   289.1      78    90    -60    RC        2     8       6   barren
                                                                       19    20       1   barren
                                                                       33    35       2   Ta
           Easting    Northing      RL   Depth                       From     To   Width   Pegmatite
Hole ID                                          Azm   Dec.   Type
                m           m       m       m                           m     m       m    Type
LRC0170   421,779    6,512,801   290.4      54    90    -60    RC       41    49       8   Li, Ta
LRC0297   421,890    6,512,600   290.2      70    90    -60    RC       38    46       8   Li, Ta
                                                                        60    62       2   Li, Ta
LRC0298   421,920    6,512,604   291.0      60    90    -60    RC       27    36       9   Li, Ta
                                                                        50    51       1   Ta
LRC0299   421,960    6,512,640   292.9      71    90    -60    RC       12    15       3   Ta
                                                                        50    65      15   Li, Ta
LRC0300   421,963    6,512,722   295.4      55     0    -90    RC        7     9       2   Ta
                                                                        41    49       8   Li, Ta
LRC0301   421,974    6,512,723   296.2      76    90    -60    RC        0     8       8   Ta
                                                                        60    68       8   Li, Ta
LRC0302   421,722    6,512,680   292.8      90    90    -60    RC        0     7       7   barren
                                                                        24    26       2   barren
                                                                        60    65       5   Li, Ta
                                                                        74    76       2   Li
                                                                        77    83       6   Li, Ta
LRC0171   421,739    6,512,801   289.5      72    90    -60    RC       41    53      12   Li, Ta
                                                                        57    60       3   Ta
LRC0172   421,979    6,512,840   296.2      60    90    -60    RC       47    53       6   Ta
LRC0173   421,757    6,512,638   296.2      90     0    -90    RC       11    13       2   barren
                                                                        23    25       2   Ta
                                                                        57    62       5   Li, Ta
                                                                        63    64       1   barren
                                                                        74    80       6   Li, Ta
LRC0174   421,820    6,512,559   296.6      84    90    -60    RC       12    13       1   barren
                                                                        38    40       2   barren
                                                                        61    77      16   Li, Ta
LRC0230   421,962    6,512,280   281.9     188    90    -60    RC       34    36       2   barren
                                                                        74    77       3   Ta
                                                                        98   103       5   Li, Ta
                                                                       146   148       2   Ta
LRC0231   421,959    6,512,240   280.6     141    90    -60    RC       79    81       2   Ta
                                                                        87    92       5   Li, Ta
                                                                       100   103       3   Li, Ta
LRC0232   421,878    6,512,200   279.9     146    90    -60    RC       27    28       1   barren
                                                                        44    45       1   barren
                                                                        83    87       4   barren
                                                                       106   128      22   Li, Ta
LRC0233   421,837    6,512,201   280.1     152    90    -60    RC        5     6       1   barren
                                                                         9    10       1   barren
                                                                        51    53       2   Ta
                                                                        94    97       3   Li
                                                                       104   105       1   barren
                                                                       115   142      27   Li, Ta
LRC0306   421,921    6,512,681   292.4      60    90    -60    RC       16    19       3   Ta
                                                                        48    55       7   Li, Ta
LRC0307   421,840    6,512,680   290.2      66     0    -90    RC       42    44       2   barren
                                                                        52    54       2   barren
LRC0308   421,881    6,512,639   290.5      50     0    -90    RC        6     7       1   barren
                                                                        34    42       8   Li, Ta
LRC0175   421,798    6,512,559   296.5     120     0    -90    RC       24    25       1   Ta
                                                                        67    75       8   Li, Ta
                                                                        80    88       8   Li, Ta
                                                                       101   102       1   barren
                                                                       106   111       5   Li
LRC0234   421,800    6,512,200   280.2     152    90    -60    RC        6    12       6   Ta
                                                                        20    21       1   barren
                                                                        24    25       1   barren
                                                                        42    43       1   barren
          Easting   Northing      RL    Depth                       From     To   Width   Pegmatite
Hole ID                                         Azm   Dec.   Type
               m          m       m        m                           m     m       m    Type
                                                                      108   110       2   Ta
                                                                      128   144      16   Li, Ta
LRC0235   421,719   6,512,198   281.5     180    90    -60    RC       22    23       1   barren
                                                                       47    49       2   Ta
                                                                       64    65       1   Ta
                                                                       84    97      13   Li, Ta
                                                                      103   136      33   Li, Ta
                                                                      144   146       2   barren
                                                                      151   152       1   barren
LRC0236   421,675   6,512,197   282.1     164    90    -60    RC       26    28       2   Ta
                                                                       70    72       2   Ta
                                                                       87   100      13   Li, Ta
                                                                      116   118       2   Li
                                                                      123   134      11   Li, Ta
                                                                      153   154       1   barren
LRC0237   421,645   6,512,198   282.5     160    90    -60    RC       39    41       2   Ta
LRC0311   421,901   6,512,560   290.1      78     0    -90    RC        5     6       1   Ta
                                                                       49    57       8   Li, Ta
LRC0312   421,903   6,512,560   290.1      78    90    -60    RC        4     5       1   barren
                                                                       55    60       5   Li, Ta
LRC0177   421,894   6,512,520   289.0      90     0    -90    RC       58    69      11   Li, Ta
                                                                       75    76       1   barren
                                                                        4     5       1   Ta
LRC0178   421,919   6,512,468   287.5     138     0    -90    RC       25    26       1   Ta
                                                                       53    59       6   Li, Ta
                                                                       60    64       4   Li
                                                                       74    76       2   barren
                                                                       99   101       2   Ta
                                                                      107   108       1   barren
                                                                      109   111       2   barren
                                                                      112   114       2   barren
                                                                      120   127       7   Ta
LRC0237   421,645   6,512,198   282.5     160    90    -60    RC       57    59       2   Ta
                                                                       71    72       1   barren
                                                                       78    80       2   Ta
                                                                       94   110      16   Li, Ta
                                                                      131   143      12   Li, Ta
LRC0238   421,960   6,512,199   279.5      91    90    -60    RC       31    32       1   barren
                                                                      139   141       2   Ta
                                                                      150   152       2   Ta
LRC0309   421,832   6,512,461   295.5     186     0    -90    RC       44    49       5   Li, Ta
                                                                       73    82       9   Li, Ta
                                                                       93    95       2   Ta
                                                                       98   100       2   barren
                                                                      108   112       4   Ta
                                                                      138   140       2   barren
                                                                      149   151       2   Ta
                                                                      168   171       3   Ta
                                                                      173   174       1   barren
LRC0310   421,828   6,512,460   295.4     144    90    -60    RC       23    24       1   Ta
                                                                       40    41       1   barren
                                                                       44    45       1   barren
                                                                       68    90      22   Li, Ta
                                                                       92    94       2   Li, Ta
                                                                      131   134       3   Ta
LRC0182   421,800   6,513,041   291.3     162    90    -60    RC        0     5       5   barren
                                                                       93    94       1   barren
                                                                      133   134       1   barren
                                                                      152   153       1   Ta
LRC0239   421,995   6,512,199   280.3     160    90    -60    RC       34    35       1   barren
          Easting   Northing      RL    Depth                       From     To   Width   Pegmatite
Hole ID                                         Azm   Dec.   Type
               m          m       m        m                           m     m       m    Type
                                                                       78    88      10   Li, Ta
                                                                      118   121       3   Ta
                                                                      122   123       1   Ta
                                                                      151   154       3   Ta
LRC0313   422,002   6,512,359   284.4     138    90    -60    RC        5     6       1   Ta
                                                                       45    49       4   Li, Ta
                                                                       90   101      11   Li, Ta
                                                                      102   110       8   barren
                                                                      123   124       1   barren
LRC0314   421,907   6,512,399   285.2     156    90    -60    RC       23    25       2   barren
                                                                       70    77       7   Li, Ta
                                                                      108   111       3   barren
                                                                      123   143      20   Ta
LRC0183   421,938   6,512,739   294.5      48    90    -60    RC        2     3       1   barren
                                                                        9    10       1   Ta
LRC0184   421,921   6,512,739   293.9      72    90    -60    RC       11    13       2   Li, Ta
                                                                       38    58      20   Li, Ta
LRC0185   421,900   6,512,739   292.9      60    90    -60    RC        0     2       2   Ta
                                                                       11    14       3   Ta
                                                                       39    50      11   Li, Ta
LRC0186   421,878   6,512,740   292.1      60    90    -60    RC       20    21       1   Ta
                                                                       43    53      10   Li, Ta
LRC0240   421,999   6,512,119   279.0     168    90    -60    RC       63    66       3   Ta
                                                                       87   113      26   Li
                                                                      149   152       3   Ta
                                                                      162   164       2   Ta
LRC0315   421,880   6,512,398   286.1     138     0    -60    RC       14    15       1   barren
                                                                       49    56       7   Li, Ta
                                                                       59    79      20   Li, Ta
                                                                      113   120       7   Li, Ta
                                                                      122   124       2   Ta
LRC0316   421,840   6,512,401   286.2     138     0    -60    RC       10    11       1   Ta
                                                                       43    54      11   Li, Ta
                                                                       75    80       5   Li, Ta
                                                                      100   104       4   Li, Ta
                                                                      109   115       6   Li
LRC0317   421,799   6,512,400   286.1     162     0    -90    RC        2     4       2   barren
                                                                        8     9       1   barren
                                                                       37    45       8   Li, Ta
                                                                       63    71       8   Li, Ta
                                                                       94   102       8   Li, Ta
                                                                      106   107       1   barren
LRC0164   421,772   6,512,967   292.7      60    90    -60    RC        4     6       2   barren
                                                                       13    15       2   Ta
LRC0187   421,858   6,512,739   291.6      60    90    -60    RC       17    43      26   Li, Ta
                                                                       47    48       1   Li
                                                                       49    50       1   barren
                                                                       53    54       1   Li, Ta
LRC0188   421,839   6,512,739   290.9      54    90    -60    RC       28    37       9   Li, Ta
                                                                       41    43       2   barren
LRC0189   421,820   6,512,739   290.5      54    90    -60    RC       35    44       9   Li, Ta
LRC0241   421,921   6,512,481   288.0     100    90    -60    RC        2     4       2   Ta
                                                                       28    29       1   barren
                                                                       36    37       1   Ta
                                                                       52    58       6   Li, Ta
                                                                       85    86       1   barren
LRC0242   421,928   6,512,439   286.4     132     0    -90    RC        1     2       1   Ta
                                                                       23    26       3   Ta
                                                                       42    43       1   barren
                                                                       55    63       8   Li, Ta
          Easting   Northing      RL    Depth                       From     To   Width   Pegmatite
Hole ID                                         Azm   Dec.   Type
               m          m       m        m                           m     m       m    Type
                                                                       80    82       2   barren
                                                                       93    96       3   Ta
                                                                      112   122      10   Li, Ta
LRC0318   421,800   6,512,402   286.1     139   360    -60    RC        1     3       2   barren
                                                                       24    25       1   Ta
                                                                       27    28       1   barren
                                                                       47    51       4   Li, Ta
                                                                       75    82       7   Li, Ta
                                                                       86    88       2   barren
                                                                      108   114       6   li
                                                                      125   126       1   Ta
LRC0190   421,797   6,512,739   289.9      60    90    -60    RC       40    50      10   Li, Ta
LRC0191   421,942   6,512,785   295.1      90    90    -60    RC        1     3       2   Ta
                                                                       38    41       3   Ta
                                                                       76    82       6   Li, Ta
                                                                       84    85       1   barren
LRC0192   421,922   6,512,785   294.4      66    90    -60    RC        0     7       7   barren
                                                                       10    13       3   barren
                                                                       31    40       9   Li, Ta
                                                                       52    59       7   Ta
LRC0193   421,900   6,512,785   293.3      66    90    -60    RC        5     6       1   barren
                                                                        9    11       2   barren
                                                                       28    31       3   Li, Ta
                                                                       33    40       7   Li, Ta
                                                                       48    54       6   Li, Ta
LRC0194   421,883   6,512,785   292.8      60    90    -60    RC        0     1       1   barren
                                                                       19    20       1   barren
                                                                       33    47      14   Li, Ta
LRC0195   421,861   6,512,785   292.1      60    90    -60    RC       21    22       1   barren
                                                                       35    48      13   Li, Ta
LRC0196   421,842   6,512,784   291.5      54    90    -60    RC       22    41      19   Li, Ta
LRC0197   421,820   6,512,783   291.0      48    90    -60    RC        0     1       1   barren
                                                                       29    37       8   Li, Ta
LRC0198   421,799   6,512,781   290.4      60    90    -60    RC       24    25       1   barren
                                                                       27    28       1   barren
                                                                       40    48       8   Li, Ta
                                                                       49    50       1   barren
LRC0319   421,800   6,512,362   284.8     133     0    -90    RC        7     9       2   Ta
                                                                       22    23       1   barren
                                                                       47    51       4   Ta
                                                                       62    71       9   Li, Ta
                                                                       76    78       2   Ta
                                                                       80    81       1   barren
                                                                       86    98      12   Li, Ta
                                                                      107   109       2   Ta
LRC0244   421,893   6,512,437   286.8     156     0    -90    RC       24    26       2   barren
                                                                       53    54       1   barren
                                                                       57    75      18   Li, Ta
                                                                      103   108       5   Li, Ta
                                                                      125   130       5   Li, Ta
                                                                      132   135       3   Li, Ta
                                                                      136   137       1   barren
LRC0245   421,919   6,512,119   278.8     211    90    -60    RC        1     2       1   barren
                                                                       12    13       1   barren
                                                                       53    54       1   barren
                                                                       60    62       2   barren
                                                                       79    80       1   barren
                                                                      105   109       4   Ta
                                                                      117   121       4   Ta
                                                                      162   168       6   Li, Ta
          Easting   Northing      RL    Depth                       From     To   Width    Pegmatite
Hole ID                                         Azm   Dec.   Type
               m          m       m        m                           m     m       m     Type
                                                                      172   173       1    Li
                                                                      177   184       7    Ta
                                                                      198   202       4    Ta
                                                                      205   207       2    barren
LRC0320   421,817   6,512,396   286.0     193   270    -60    RC       10    11       1    barren
                                                                       24    26       2    barren
                                                                       28    29       1    barren
                                                                       63    72       9    Li, Ta
                                                                       85    86       1    barren
                                                                       91   106      15    Li, Ta
                                                                      108   110       2    Li, Ta
                                                                      134   141       7    Li, Ta

LRC0321   421,946   6,512,399   285.0     158    90    -60    RC       6      7        1   barren
                                                                      31     33        2   barren
                                                                      53     55        2   barren
                                                                      62     70        8   Li, Ta
                                                                      83     84        1   barren
                                                                      98    104        6   Ta
                                                                     126    145       19   Li, Ta
LRC0199   421,880   6,513,160   291.2     120    90    -60    RC       0     15       15   Tailings
                                                                      18     22        4   barren
                                                                      27     31        4   Ta
                                                                      35     36        1   barren
                                                                      48     49        1   barren
LRC0247   422,001   6,512,038   277.6     229    90    -60    RC       6      8        2   barren
                                                                      50     59        9   Li, Ta
                                                                      64    107       43   Li
                                                                     134    139        5   Li, Ta
                                                                     165    166        1   barren
                                                                     190    193        3   barren
                                                                     198    200        2   Ta
                                                                     219    226        7   Li, Ta
LRC0322   421,966   6,512,359   284.1     158    90    -60    RC       9     10        1   barren
                                                                      11     12        1   barren
                                                                      31     33        2   barren
                                                                      35     37        2   barren
                                                                      50     57        7   Ta
                                                                      64     71        7   Li, Ta
                                                                      98    100        2   Ta
                                                                     101    102        1   barren
                                                                     104    105        1   barren
                                                                     131    146       15   Li, Ta
LRC0323   421,641   6,512,279   283.5     186    90    -60    RC      12     14        2   barren
                                                                      37     40        3   Ta
                                                                      49     51        2   barren
                                                                      67     69        2   Ta
                                                                      80     81        1   barren
                                                                      82     84        2   barren
                                                                      85     86        1   barren
                                                                      89     93        4   Ta
                                                                     105    112        7   Li, Ta
                                                                     124    131        7   Li, Ta
                                                                     133    134        1   barren
                                                                     158    159        1   barren
LRC0200   421,845   6,513,160   290.6      30    90    -60    RC       0     23    23      Tailings
LRC0248   422,079   6,512,040   277.6     211    90    -60    RC      40     50    10      Li, Ta
                                                                      87     99    12      Li, Ta
                                                                     146    149     3      Ta
                                                                     164    166     2      barren
                                                                     197    203     6      Ta
              Easting          Northing      RL   Depth                        From     To   Width   Pegmatite
  Hole ID                                                 Azm    Dec.   Type
                   m                 m       m       m                            m     m        m   Type
  LRC0324    421,602          6,512,279   283.3     168     90    -60    RC        0     4     4     barren
                                                                                  33    34     1     Ta
                                                                                  62    65     3     Ta
                                                                                  69    72     3     Ta
                                                                                  85    86     1     barren
                                                                                  97    99     2     Ta
                                                                                 108   109     1     barren
                                                                                 113   123    10     Li
                                                                                 126   127     1     barren
                                                                                 128   129     1     barren
  LRC0325    421,680          6,512,322   284.2     151     90    -60    RC        2     3     1     barren
                                                                                  22    25     3     Ta
                                                                                  38    39     1     Ta
                                                                                  39    40     1     barren
                                                                                  60    64     4     Ta
                                                                                  65    66     1     barren
                                                                                  80    82     2     Ta
                                                                                  89    90     1     barren
                                                                                  95   112    17     Li, Ta
                                                                                 125   131     6     barren
                                                                                 137   139     2     barren
                                                                                 144   145     1     barren
  LRC0326    421,640          6,512,323   284.0     163     90    -60    RC        2     3     1     barren
                                                                                  12    13     1     barren
                                                                                  29    33     4     Ta
                                                                                  42    45     3     Ta
                                                                                  67    69     2     barren
                                                                                  88    91     3     Ta
                                                                                 105   119    14     Li, Ta
                                                                                 134   135     1     barren
                                                                                 147   149     2     barren


Notes   1) The true width of pegmatites are generally considered 80-95% of the intercept width.
        2) Only pegmatite intercepts of 1m or more in width are included.




Table 2| Notable Lithium and Tantalum Intercepts
                 From     To   Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m     m          m       %    ppm     ppm    ppm
LRC0097             54    59         5    1.05     112      89    102
          incl      55    57         2    1.58      90     100    118
                    74    79         5    1.24      70      84    156
          incl      76    79         3    1.65      90      97    136
LRC0098             60    64         4    0.81      87      54    201
          incl      60    61         1    2.13      54      57    301
                    81    82         1    0.09     239     100     95
                    83    85         2    0.38      67      47    141
LRC0100             28    31         3    0.06     248      76    124
LRC0216             91    98         7    1.28     336     143    155
          incl      91    95         4    1.50     406     172    169
                    98    99         1    0.23     154     100    152
                   107   110         3    0.35     205      90    100
                   136   140         4    1.48     262     136    128
LRC0217            104   119        15    0.95     182     104    114
          incl     112   119         7    1.41     174     116     89
                   119   120         1    0.17     266     114     90
                   155   158         3    1.25     280     139    100
                   160   161         1    0.08     167      72     29
                   161   162         1    1.83     138      50    170
LRC0218             46    48         2    0.47      49      47     85
                   108   110         2    0.07     294     112     81
                   113   120         7    0.67     216     143     94
          incl     117   119         2    1.25     190     147     91
                   123   139        16    0.67     181     119    108
          incl     125   130         5    1.01     200     123     89
                   139   141         2    0.14     235     119    104
                   174   181         7    1.33     106      62    155
          incl     176   177         1    3.27      24       7    284
          and      178   180         2    1.77     189      76    137
                   184   185         1    0.39     107      43    141
                   185   186         1    0.05     198      64     75
LRC0269             32    33         1    0.07     175      64    169
                    37    38         1    0.05     159      57     94
LRC0270             22    23         1    0.06     190      64    131
                    25    30         5    1.43     154      82    135
LRC0271             25    26         1    0.37      11      21    151
                    27    34         7    1.19     195      80    184
          incl      29    34         5    1.48     189      79    215
LRC0272             20    28         8    0.69     300     107    184
          incl      21    22         1    1.56     245      79    188
LRC0273             22    26         4    0.55     375     172    286
          incl      24    25         1    1.15     719     315    190
LRC0274             14    25        11    0.95     206      77    239
          incl      15    20         5    1.73     177      83    226
LRC0275              8    16         8    0.58     189      76    150
          incl       8     9         1    1.37     153      79    322
          and       11    12         1    1.35     183      93    164
LRC0276             12    15         3    0.88     303     132    207
          incl      12    13         1    2.10     440     172    241
                    21    23         2    1.07     222     129    207
          incl      21    22         1    2.01     284     193    223
LRC0277             29    33         4    0.10     553     109    587
LRC0151             62    66         4    0.95     149      69    135
          incl      64    66         2    1.49     198      90    124
                    66    67         1    0.06     247     100     58
LRC0220             83    87         4    0.57     308      87     84
                 From     To   Interval   Li2O    Ta2O5    Nb2O5    SnO2
Hole ID
                    m     m          m       %     ppm      ppm     ppm
          incl      84    86         2    1.07      333      107     105
                   116   131        15    1.40      115       96     116
          incl     124   126         2    2.26      100       93      88
                   134   136         2    0.04      231      143      75
                   149   150         1    0.22      208       50     109
                   193   197         4    0.05      559      106     129
          incl    195    196         1    0.03               179    122
                                                  1,071
LRC0221            25     27         2    0.08      344      119    154
                   82     99        17    0.78      312      116    124
          incl     88     92         4    2.17      306      142    203
                  114    123         9    1.29      237      109    174
          incl    115    121         6    1.69      255      119    187
                  126    142        16    0.64      142       97    131
          incl    127    129         2    1.51      181      147    103
          and     131    132         1    1.16       83       50    241
          and     140    141         1    1.03      256      114    152
                  144    145         1    0.02      276      122     57
LRC0222            34     35         1    0.09      161       79    221
                   87     94         7    0.29      327      132    198
                  110    112         2    0.11      264      122    104
                  134    145        11    1.72      729      574    166
          incl    140    143         3    3.79       33       21    236
          and     143    145         2    1.40                      145
                                                 3,467     2,819
                  147    148         1    0.02      308       143    145
LRC0272             0     12        12    1.59      127        49    151
          incl      4      5         1    5.83       22         7    161
          and       5      6         1    4.10       28        14    151
LRC0278             8     11         3    0.71      154        67    198
                   11     12         1    0.20      162        79    223
LRC0281            12     13         1    0.02      420        79   1026
LRC0282            33     34         1    0.17      167        79    137
                   34     36         2    0.79      118        72     71
                   39     43         4    0.65      205        64    278
          incl     40     41         1    1.26      112        72    117
LRC0283            13     15         2    0.11      179        83   2608
                   37     40         3    0.64       97        46     93
LRC0284            61     62         1    0.12      239        36    197
                   62     67         5    1.06       64        49    222
          incl     66     67         1    1.62       56        36    475
                   67     68         1    0.11      167        43    187
LRC0152            80     82         2    0.01      528       269     57
                   82     83         1    1.37      148       129     53
LRC0153            21     22         1    0.11      946       143    305
LRC0155            27     28         1    0.02      402        93    187
LRC0223            93     97         4    0.75      450       192    176
          incl     93     94         1    1.20      602       258    188
                  102    103         1    0.31         5       -7     -1
                  116    122         6    1.06      164       136     85
                  146    152         6    0.90      276       126    151
          incl    147    148         1    0.32      563       243    141
          and     150    152         2    1.88      228       104    149
                  154    155         1    0.04      175        64     98
                  156    161         5    1.55      259       120    160
                  161    162         1    0.04      203        79     79
                  163    165         2    0.51      750       329    113
                 From   To    Interval   Li2O   Ta2O5   Nb2O5    SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
          incl    164   165         1    0.12             429     133
                                                1,216
LRC0224            74    76         2    0.20     252      93      69
                   93    94         1    0.31      32       0     116
                   96    97         1    0.52      32      29     171
                   98   117        19    0.88     141     113     108
          incl    105   115        10    1.25     129     104     118
                  117   118         1    0.06     359     136     110
                  154   160         6    1.63     976     295     168
          incl    158   159         1    0.59   4,448   1,252     335
LRC0225            84    85         1    0.65      70      43     363
                   85    86         1    0.20     211      72      71
                  102   104         2    0.35     419     165     201
                  108   128        20    1.12     141      99     151
                  170   174         4    0.52     236      99      98
          incl    170   171         1    1.37     159     114     169
          and     174   175         1    1.09     120     107     140
LRC0285            35    37         2    0.23     394     136     203
                   37    38         1    0.74      17      14     386
                   39    40         1    0.41      16       7     209
                   47    49         2    0.78     276     157     126
          incl     48    49         1    1.50     166      93     100
                   50    52         2    0.64     145      76     165
LRC0286            21    22         1    0.06     151      64     145
                   34    35         1    0.05     204     114     193
                   60    61         1    0.10     413      86     355
                   61    67         6    1.59     198     127     173
                   69    70         1    0.03     359      57     140
LRC0287            51    54         3    0.87      68      31     132
                   62    64         2    0.24     209      36     305
LRC0288            60    68         8    1.36     113      82     222
                   68    70         2    0.27     385      72     291
LRC0289            58    59         1    0.50      77      36     250
                   60    61         1    0.07     223      86      67
                   62    63         1    0.34      23      21     161
LRC0157             9    12         3    1.06      86      47     175
LRC0158            27    29         2    0.04     355     165     286
                   29    30         1    1.36     139      93     173
LRC0160             8     9         1    0.08     198      50     137
LRC0161            34    38         4    0.31     449     120     413
          incl     34    35         1    1.07     344     172     359
LRC0163            23    26         3    1.42     133      76     133
          incl     23    24         1    2.57     149      93     237
LRC0226             2     4         2    0.05     408      72     104
                   30    31         1    0.08     366      50     114
                   79    80         1    0.07     422     114      60
                   80    81         1    0.37     103      50     161
                   92   120        28    1.34     343     173     192
          incl     94   106        12    2.06     464     209     297
          and      94    95         1    4.09     190      79     536
          and     101   102         1    2.09                     449
                                                2,856   1,052
                  120   121         1    0.16     175       86    113
                  128   130         2    0.13     526      205     94
                  136   137         1    0.29     205       93    217
                  175   179         4    0.08     268       87     67
LRC0227            59    60         1    0.16     216       79    183
                 From    To    Interval   Li2O   Ta2O5    Nb2O5   SnO2
Hole ID
                    m    m           m       %    ppm      ppm    ppm
LRC0290             44   50          6    0.60     103       72     96
          incl      47   48          1    1.56      93       43    131
                    49   50          1    0.31      43       36     72
                    64   67          3    1.37     236      129    521
          incl      65   66          1    2.11     200      207    357
                    68   69          1    0.52      78       86    231
                    70   71          1    0.93     134       64    268
LRC0291             41   45          4    0.61     243      135    107
          incl      44   45          1    1.21     179       64    176
                    69   70          1    0.16     274       50    259
                    70   79          9    1.19      86       57    160
          incl      71   72          1    2.19      32       14    215
                    79   81          2    0.14     380       93    390
LRC0292             49   51          2    0.06     333       97    174
LRC0165             33   36          3    1.74     230       76    136
          incl      34   35          1    1.42     100       21    119
          and       35   36          1    3.10     521      179    231
LRC0166             13   14          1    0.03     274       64     70
                    36   37          1    0.08     551       86    267
                    87   92          5    0.03     742       64    654
          incl     90    91          1    0.02               72   929
                                                 1,110
LRC0219            88     90         2    0.14      275     114    96
                  104    105         1    0.36      164      72   157
                  121    138        17    1.54      150      96   135
          incl    125    126         1    3.37      221     136   216
                  138    141         3    0.17      214     133    75
                  192    196         4    0.42      434     129   145
          incl    192    193         1    1.28      516     150   217
LRC0228            81     82         1    0.04      194      72    85
                   82     94        12    0.84      275     116   133
          incl     85     89         4    1.23      248     137   104
                  115    116         1    0.14      402     165   131
                  116    127        11    1.03      216     114   142
          incl    118    125         7    1.28      215     126   157
                  141    142              0.10      275      72    96
                  191    193         2    0.13      327      83   169
LRC0229            23     24         1    0.03      344      79   121
                   63     64         1    0.02      363     122    50
                   84     85         1    0.06      192     114    57
                   85     97        12    1.64      219     113   137
          incl     91     96         5    2.15      266     132   198
                  114    115         1    0.34       10      14    86
                  115    116         1    0.16      193      72    74
                  118    119         1    0.45       16      14   124
                  119    128         9    0.26      216     116   135
                  128    129         1    0.44       10      14    76
LRC0293            43     49         6    1.13      144      76   175
          incl     43     47         4    1.57      160      83   198
                   72     75         3    1.29      117      83   245
                   77     78         1    0.32      205      64   102
LRC0294            24     27         3    0.13      389      96   387
                   48     55         7    0.17      279      73   216
                   58     60         2    0.11      488     190   133
LRC0295            26     27         1    0.06      974     229   640
                   64     66         2    0.11      510      64   211
                   74     76         2    0.07      529      69   202
LRC0296            48     56         8    1.24      201      96   170
                 From     To   Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m     m          m       %    ppm     ppm    ppm
                    56    57         1    0.15     236      72    152
LRC0167              4     5         1    0.10     150      29    424
                    38    39         1    1.67     129      43    234
                    40    43         3    0.70     155      64    208
                    43    44         1    0.16     193      64    113
                    46    48         2    0.08     153      54    192
LRC0168             34    36         2    0.78     149      62    447
LRC0169             33    34         1    0.09     189      29    109
LRC0170             41    42         1    0.08     243      50   1225
                    42    48         6    1.16     169      63    250
          incl      42    46         4    1.53     169      63    218
LRC0297             38    45         7    0.90     323     102    178
          incl      40    43         3    1.98     385     122    249
                    44    45         1    0.16     166      72    127
                    60    62         2    0.35     299     100    150
LRC0298             27    36         9    0.71     254      83    169
          incl      29    31         2    1.76     374     114    196
                    50    51         1    0.08     232      36     79
LRC0299             13    14         1    0.19     151      72    197
                    50    51         1    0.05     173      72    151
                    51    52         1    1.00     143      72    284
                    52    64        12    0.62     277      80    168
          incl      54    60         6    1.03     311      84    140
LRC0300              7     8         1    0.11     523     100   3824
                    41    49         8    0.73     256      70    212
          incl      47    48         1    1.61     410     100    366
LRC0301              0     1         1    0.07     374      50    211
                    60    68         8    0.67     351      90    234
          incl      60    62         2    1.26     263      86    326
          and       65    66         1    1.64     346     107    279
LRC0302             61    62         1    0.54     123      79     89
                    62    65         3    0.10     381      90    222
                    74    81         7    1.48     117      57    314
                    81    82         1    0.25     205      86    104
LRC0171             41    46         5    0.79     180     107    212
                    57    59         2    0.14     319      72    176
LRC0172             48    51         3    0.14     320      57    164
LRC0173             24    25         1    0.08     173      21    103
                    57    60         3    0.97     249      93    122
                    75    79         4    0.92     251      90    226
          incl      75    77         2    1.40     251     100    292
LRC0174             62    74        12    0.71     479     222    169
          incl      62    68         6    1.33     481     253    176
LRC0230             74    77         3    0.12     404     129    145
                    98   102         4    0.83     574     142    244
          incl      98    99         1    0.69   1,043     193    322
          and       99   100         1    1.46     712     136    283
                   146   147         1    0.09     170      72    103
LRC0231             80    81         1    0.13     158      50     83
                    87    91         4    0.90     228     114    127
          incl      88    90         2    1.33     232     140    136
                    91    92         1    0.20     188      72    157
                   101   103         2    0.23     322      83     95
LRC0232            106   111         5    0.59     131     106    117
          incl     107   108         1    1.29     167      79    242
                   110   111         1    0.31      98     114     71
                   114   128        14    0.98     245     114    150
                 From     To   Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m     m          m       %    ppm     ppm    ppm
          incl     114   116         2    1.53     153     122    136
          and      119   124         5    1.47     235     107    188
LRC0233             51    52         1    0.05     176      64     72
                    94    96         2    0.34      78      36    306
                   115   131        16    0.97     161     114    118
                   134   137         3    0.13     227     153    137
                   138   141         3    0.37     336     126    122
LRC0306             16    18         2    0.05     221      69    114
                    48    49         1    1.26     127      50    248
                    49    54         5    0.18     311      69    152
LRC0308             34    39         5    0.99     141      62    296
          incl      36    38         2    1.69     143      76    237
                    39    42         3    0.18     327      76    193
LRC0175             85    87         2    0.48     829     197    288
          incl     86    87          1    0.12             172   250
                                                 1,148
                  108    110         2    0.99     104      86    95
LRC0234             9     10         1    0.14     175      43   161
                  108    110         2    0.09     278     129   129
                  128    141        13    1.31     131     104   140
          incl    129    138         9    1.60     132     110   154
                  141    143         2    0.20     277     169   110
LRC0235            48     49         1    0.09     328     114    67
                   64     65         1    0.15     151      43    62
                   84     86         2    1.26     317      93   113
                   87     95         8    0.97     287      96   119
          incl     87     93         6    1.14     329     106   141
                   95     97         2    0.20     268      90   107
                  103    104         1    0.45      59      29   127
                  109    131        22    0.97     190     113   127
          incl    110    111         1    2.55      93      50   322
          and     117    119         2    1.75     129     119    89
          and     121    129         8    1.16     205     109   119
                  131    135         4    0.12     252     112   108
LRC0236            26     28         2    0.09     728     250   335
                   71     72         1    0.11     303      72    70
                   88     89         1    0.08     260      86    41
                   89     94         5    1.28     194      82   103
                   94    100         6    0.54     276     140   215
          incl     97    100         3    0.93     273     140   160
                  117    118         1    0.33      49      21   103
                  123    130         7    0.87     382     183   113
          incl    123    124         1    0.42             458   124
                                                 1,107
          and     124    126         2    1.30     521     222    146
                  130    132         2    0.10     228      86     63
                  133    134         1    0.40      38      21    100
LRC0237            40     41         1    0.13     176      50    135
LRC0311             5      6         1    0.09     187      36   1981
                   50     56         6    1.76     230      79    180
                   51     56         5    2.05     259      87    175
                   56     57         1    0.20     234     100    107
LRC0312            55     60         5    0.54     348     123    209
LRC0177            60     65         5    1.46     108      56    150
                   65     69         4    0.08     333     109    103
LRC0178             4      5         1    0.16     181      21    174
                   25     26         1    0.07     214      43   6479
                   53     57         4    1.18     206      76    183
                 From     To   Interval   Li2O   Ta2O5    Nb2O5    SnO2
Hole ID
                    m     m          m       %    ppm      ppm     ppm
                    57    58         1    0.07     392      122      90
                    62    63         1    0.32      11       29     287
                    99   101         2    0.16     169       76     146
                   120   127         7    0.11     415      130      94
LRC0237             57    58         1    0.17     175       57     104
                   78    82          4    0.15             5427    367
                                                 14,782
                   78    80          2    0.08                     612
                                                 27,174   9,974
                   94     95         1    0.11      242       93    84
                   95    107        12    1.16      213      113   132
                  107    110         3    0.20      179       86    95
                  131    142        11    1.96      224      133   163
          incl    132    139         7    2.74      244      150   174
          and     133    138         5    3.14      222      145   187
LRC0238           139    141         2    0.11      321       76    93
                  151    152         1    0.06      375      100    80
LRC0309            44     49         5    0.27      288      137   311
                   74     78         4    0.91      152       83   114
                   80     81         1    0.06      482      114   100
                   93     95         2    0.13      216      143   109
                  108    110         2    0.07      162       90    79
                  149    151         2    0.09      261       57   157
                  168    169         1    0.14      656      358   226
LRC0310            69     84        15    1.12      299      104   155
                   84     85         1    0.26      230       79    74
                   87     88         1    0.75      111       36   307
                   89     90         1    0.44       82       29   147
                   92     94         2    0.64      157       50   258
                  131    134         3    0.10      357       74   118
LRC0182           152    153         1    0.03      303       50   267
LRC0239            78     79         1    0.54       20       21   116
                   79     85         6    0.17      245      139   117
                   84     85         1    0.05      199      107    86
                  118    119         1    0.06      518      122   131
                  120    121         1    0.13      158       50   145
                  122    123         1    0.13      162       29    76
                  151    153         2    0.04      527       97   116
LRC0313             5      6         1    0.03      338       50   133
                   45     49         4    0.72      719      255   142
          incl     46     47         1    2.02      538      229   129
          and      47    48          1    0.09              622    129
                                                  1,737
                   92     96         4    0.86      370     200    105
                   97    100         3    0.04      344      79    295
LRC0314            70     77         7    0.52      336      99    119
          incl     71     72         1    1.05      112     100     62
                  127    128         1    0.16      226     122     89
                  132    133         1    0.28      176      79    123
LRC0183             9     10         1    0.06      625     100    259
LRC0184            11     12         1    0.16      322     122    311
                   12     13         1    0.33       34      14    182
                   38     58        20    0.42      202      50    185
          incl     41     43         2    1.32      195      47    355
                   52     53         1    1.36      147      72    145
LRC0185             0      1         1    0.13      154      29    110
                   11     14         3    0.11      196      53    114
                   39     48         9    0.60      230      80    179
                 From     To   Interval   Li2O   Ta2O5    Nb2O5   SnO2
Hole ID
                    m     m          m       %    ppm      ppm    ppm
          incl      39    41         2    1.54     330      122    371
LRC0186             20    21         1    0.08     482      129    136
                    43    53        10    0.83     174       73    131
          incl      46    51         5    1.37     172       73    161
LRC0240             90    97         7    1.03      87       59     94
          incl      91    93         2    1.75     124       83    124
                   103   110         7    0.83      55       60     50
          incl     104   108         4    1.12      63       64     52
                   151   152         1    0.15     324       86     86
                   163   164         1    0.10     260       36     89
LRC0315             49    56         7    0.56     111       44    146
          incl      51    52         1    1.16     363      157     91
                    59    79        20    0.68     181       66    166
          incl      66    67         1    2.64     120       64    254
                   113   114         1    0.10     153       36     95
                   115   118         3    0.65      70       57     83
                   118   120         2    0.19     408       76    108
                   123   124         1    0.18     281       57     94
LRC0316             10    11         1    0.03     455       36     96
                    44    45         1    0.80      57       14    126
                    49    50         1    0.03     182       29     76
                    77    80         3    0.40     215      100    140
          incl      77    78         1    1.07     156      100    226
                   100   102         2    0.46     127       36     96
                   111   112         1    0.33      48       50     67
                   113   114         1    0.84     104       72    131

LRC0317            37    45          8    0.32              747   409
                                                 2,468
          incl                       1                     1138   489
                   38    39               0.10    4,488
          and                        1                     2833   884
                   39    40               1.55    9,556
          and                        1                      737   231
                   41    42               0.17    2,100
          and                        1                      501   457
                   43     44              0.07    1,617
                   63     66         3    0.28      230     133   1121
                   67     68         1    0.57       65      57     80
                   69     71         2    0.44       72      43     85
                   94    100         6    1.10       71      59    118
          incl     94     96         2    1.43      126     112    168
          and      98    100         2    1.59       68      54    136
                  100    101         1    0.18      160     100    203
LRC0164            13     14         1    0.12      236      72   185
LRC0187            17     43        26    1.13      309     122   160
          incl     17     22         5    1.28      440     179   181
          and      25     30         5    1.99      286     136   146
          and      34     36         2    2.09      249      93   199
LRC0188            29     34         5    1.69      573     187   255
          incl     29     33         4    2.03      649     209   294
          and      31     32         1    1.92    1,585     522   348
                   34     35         1    0.19      347     179   141
LRC0189            36     42         6    1.45      168      97   152
                   43     44         1    0.24      209      79   142
LRC0241             2      3         1    0.13      225      43   107
                   36     37         1    0.16      188      43   100
                   52     53         1    0.46       32      14   179
                   53     58         5    0.51      217      77   291
                 From   To    Interval   Li2O   Ta2O5   Nb2O5    SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
LRC0242             1     2         1    0.09     181      36       32
                   25    26         1    0.14     416     129   ######
                   55    60         5    1.76     243      79      197
          incl     55    58         3    2.34     132      52      254
                   60    62         2    0.17     301     108       71
                   62    63         1    0.31     107      43      163
                   94    96         2    0.13     233      93      147
                  112   113         1    0.34      11       7      145
                  116   117         1    0.76     147      43       86
                  118   122         4    0.16     590     240      445
          incl    119   120         1    0.09   1044      386      170
LRC0318            24    25         1    0.10     166      50       93
                   47    51         4    0.48   1246      404      249
          incl     48    49         1    0.42   4,211    1359      338
                   75    76         1    0.13     168      43      337
                   76    78         2    1.14     128      83      164
                   81    82         1    0.30      32      29      177
                  109   114         5    0.69     187     127      161
                  125   126         1    0.12     239      64      235
LRC0190            42    43         1    0.05     568     329      279
                   43    48         5    1.58     150     107      206
          incl     43    46         3    2.26     175     124      255
LRC0191             1     2         1    0.03     568      72      936
                   38    41         3    0.18     471     129      244
          incl     38    39         1    0.27     911     258      234
                   76    81         5    0.20     586     184      331
LRC0192            31    40         9    0.44     377     107      265
          incl     32    34         2    1.50     656     215      432
                   52    59         7    0.04     408     156      306
LRC0193            28    31         3    0.61     263      71      205
          incl     29    30         1    1.16     219      64      232
                   34    40         6    0.63     446     147      272
          incl     34    35         1    0.74     951     279      283
          and      35    36         1    1.29     387     107      215
                   48    51         3    0.21     259      93      193
LRC0194            35    37         2    0.20     259     104      255
                   38    46         8    0.76     182      79      208
          incl     40    42         2    1.85     197      97      314
LRC0195            35    36         1    0.05     217     122      170
                   36    43         7    1.04     236     123      172
          incl     41    43         2    1.80     128      72      259
                   43    48         5    0.06     253     109      130
LRC0196            22    23         1    0.09     168      50      126
                   26    31         5    0.15     383     133      161
                   32    40         8    0.92     194      86      100
          incl     35    37         2    2.19     238     136      107
LRC0197            29    34         5    0.79     116      56      137
          incl     31    32         1    1.85     133      50      140
                   35    36         1    0.05     171      72       86
LRC0198            40    41         1    0.39      44      21      149
                   41    44         3    0.24     194      74      134
                   45    46         1    0.54      78      50      102
LRC0319             7     8         1    0.08     737     143      179
                   47    50         3    0.14     632     272      261
                   48    49         1    0.06   1,050     479      306
                   64    66         2    0.76      90      68       69
                   66    68         2    0.14     210      79      139
                   69    70         1    0.24     255     129      193
                 From     To   Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m     m          m       %    ppm     ppm    ppm
                    70    71         1    0.33      38      29    100
                    76    77         1    0.21     212      43     90
                    87    98        11    1.10     184     124    261
          incl      92    96         4    1.85     146     118    141
                   107   108         1    0.07     210     100     91
LRC0244             57    72        15    1.33     172      81    151
          incl      58    67         9    1.89     192      96    152
                    73    74         1    0.14     454     143    178
                   104   108         4    1.00     117      74     83
          incl     104   106         2    1.44      48      76     76
                   125   130         5    0.61     145      72    123
                   132   133         1    0.51      67      29    352
                   133   134         1    0.21     441     129    230
LRC0245            106   108         2    0.02     302     104    133
                   118   120         2    0.02     354     100    133
                   163   167         4    0.15     293     120    132
                   172   173         1    0.41     120      43    212
                   177   184         7    0.09     662     228     95
          incl     181   183         2    0.04    1053     401    110
                   198   201         3    0.11     359      86    101
LRC0320             65    72         7    1.86     298     125    191
          incl      66    67         1    2.23     442     258    135
          and       70    71         1    5.35     481     143    387
                    91   106        15    0.66     266     154    185
                   108   109         1    0.24     161      64    127
                   109   110         1    0.37      78      43    147
                   134   138         4    0.73     286     186    145
                   140   141         1    0.31      23      29    135
LRC0321             62    70         8    0.52     271      97    231
          incl      67    68         1    1.74     336     122    484
                    99   100         1    0.10     415      57    124
                   126   133         7    1.50      76      56    116
          incl     127   128         1    2.19     227     100    192
          and      129   132         3    2.33      63      57     81
                   134   135         1    0.13     199     122    810
                   136   137         1    0.39      68      50    306
LRC0199              0    14        14    0.51     117      40    140
                    27    30         3    0.03     403     102    438
LRC0247             50    57         7    0.39     314     113    149
                    57    58         1    0.33      39      29     74
                    66    69         3    0.08     170      81     66
                    71   106        35    1.35      60      51     79
          incl      73    83        10    1.62      50      63     51
          and       88    94         6    1.61      74      47    126
          and       99   105         6    1.75      94      62     81
                   135   139         4    0.40     202      63     94
                   198   199         1    0.04     289     122    107
                   219   222         3    0.40     103      67    106
                   224   225         1    0.26     293     422    157
                   225   226         1    0.66      13      21    184
LRC0322             55    57         2    0.14    1308     236    220
          incl      56    57         1    0.16   2,020     329    237
                    65    68         3    0.71     281      81    283
                    68    69         1    0.13     375     107    151
                    98   100         2    0.07     443     101    131
                   132   134         2    0.73     348     136    321
                   138   141         3    0.24     234      93    181
LRC0323             38    39         1    0.02     516     107    117
                         From        To    Interval      Li2O    Ta2O5    Nb2O5   SnO2
  Hole ID
                            m        m           m          %     ppm      ppm    ppm
                            68       69          1       0.06      243       50     51
                            90       92          2       0.23      200       79    245
                           107      111          4       1.13      146       95    162
              incl         110      111          1       2.31      132      107    278
                           125      130          5       0.93      172       93    177
              incl         129      130          1       1.59      400      150    123
  LRC0200                    0       12         12       0.50      125       49    150
                            17       18          1       0.34       71       29     93
                            19       22          3       0.06      439      102    161
  LRC0248                   40       49          9       0.57      392      163    123
              incl          44       48          4       1.19      325      188    120
                            89       91          2       0.28      185       83     59
                            91       95          4       0.77       53       47     60
                            96       97          1       0.18      291       93    109
                           146      148          2       0.06      576      150    291
                           197      202          5       0.05      302       73    101
  LRC0324                   33       34          1       0.18      241       72    226
                            63       64          1       0.03      458      143    113
                            69       72          3       0.08      619      286    315
                            97       98          1       0.12      263       57     90
                           115      122          7       1.23       86       75    118
  LRC0325                   23       24          1       0.11      415       79    210
                            38       39          1       0.09      161       36    789
                            61       62          1       0.07      182       50     94
                            81       82          1       0.10      966      265    150
                            96      112         16       1.11      273      112    151
              incl          98      106          8       1.62      254      130    165
              and          110      111          1       0.17    1,353      207    298
                           126      127          1       0.17      151       72    160
                           127      128          1       0.74       72       57     90
                           129      131          2       0.16      201       82     97
  LRC0326                   32       33          1       0.08      313       50    138
                            42       44          2       0.05      243       86    152
                            89       90          1       0.02      431      122    103
                           105      106          1       1.09      142      172    117
                           108      109          1       0.02      171       72     60
                           109      118          9       1.43      135       79    165
              incl         109      115          6       1.79      136       88    193

Notes
    1)   Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
    2)   No significant intercepts in holes LRC0156, LRC0279 and LRC0307
    3)   LRC0199 and LRC0200 returned significant intercepts from tailings
    4)   LRC0272 returned significant intercept from backfilled material
    5)   LRC0235 86-87m assays pending
Appendix B
Section 1 Sampling Techniques and Data

 Criteria       JORC Code Explanation                                   Commentary
 Sampling       Nature and quality of sampling (e.g. cut channels,      Reverse Circulation Drilling, 1m samples
 techniques     random chips, or specific specialised industry          collected
                standard measurement tools appropriate to the
                minerals under investigation, such as down hole
                                                                        Diamond drilling, ? core nominally 2m crushed
                gamma sondes, or handheld XRF instruments, etc.).
                These examples should not be taken as limiting the      to 10mm
                broad meaning of sampling.
                                                                        Samples jaw crushed and riffle split to 2-2.5kg
                Include reference to measures taken to ensure           for pulverizing to 80% passing 75 microns.
                sample representivity and the appropriate
                calibration of any measurement tools or systems         Prepared samples are fused with sodium peroxide
                used.
                                                                        and digested in dilute hydrochloric acid. The
                Aspects of the determination of mineralisation that     resultant solution is analysed by ICP, by Nagrom
                are Material to the Public Report. In cases where       Laboratory.
                ?industry standard? work has been done this would
                be relatively simple (e.g. ?reverse circulation         Certified standards. Field duplicates submitted at
                drilling was used to obtain 1 m samples from which      irregular intervals at the rate of approximately
                3 kg was pulverised to produce a 30 g charge for        1:25.
                fire assay?). In other cases more explanation may
                be required, such as where there is coarse gold
                that has inherent sampling problems. Unusual
                commodities or mineralisation types (e.g.
                submarine nodules) may warrant disclosure of
                detailed information.
 Drilling       Drill type (e.g. core, reverse circulation, open-hole   RC and Diamond drilling conducted in line with
 techniques     hammer, rotary air blast, auger, Bangka, sonic,         general industry standards.
                etc.) and details (e.g. core diameter, triple or
                standard tube, depth of diamond tails, face-            All diamond drill holes and approx. 98% of RC
                sampling bit or other type, whether core is             drill holes are angled. Approx. 2% of RC drill
                oriented and if so, by what method, etc.).              holes are vertical

                                                                        Diamond core has been oriented where possible

 Drill sample   Method of recording and assessing core and chip         Chip recovery or weights for RC drilling were not
 recovery       sample recoveries and results assessed.                 conducted.

                Measures taken to maximise sample recovery and          Each metre of drill sample recovery and moisture
                ensure representative nature of the samples.            content is visually estimated and recorded.

                Whether a relationship exists between sample
                recovery and grade and whether sample bias may          Opportunity for sample bias is considered
                have occurred due to preferential loss/gain of          negligible for dry samples.
                fine/coarse material.

 Logging        Whether core and chip samples have been                 Geological logs exist for all drill holes with
                geologically and geotechnically logged to a level of    lithological codes via an established reference
                detail to support appropriate Mineral Resource          legend.
                estimation, mining studies and metallurgical
                studies.                                                Drill holes have been geologically logged in their
                Whether logging is qualitative or quantitative in       entirety. Where logging was detailed the
                nature. Core (or costean, channel, etc.)                subjective indications of spodumene content
                photography
                The total length and percentage of the relevant         Assays have generally only been submitted
                intersections logged.                                   through and adjacent to the pegmatites.
Criteria       JORC Code Explanation                                  Commentary
Sub-sampling   If core, whether cut or sawn and whether quarter,      RC samples were collected at 1m intervals and
techniques     half or all core taken.                                riffle or cone split on-site to produce a
and sample     If non-core, whether riffled, tube sampled, rotary     subsample less than 5kg.
preparation    split, etc. and whether sampled wet or dry.
               For all sample types, the nature, quality and          The RC drilling samples are considered robust for
               appropriateness of the sample preparation              sampling the spodumene and tantalite
               technique.                                             mineralisation.
               Quality control procedures adopted for all sub-
               sampling stages to maximise representivity of          Most samples were dry.
               samples.
               Measures taken to ensure that the sampling is          Sampling is in line with general industry sampling
               representative of the in situ material collected,      practices.
                   including for
               instance results for field duplicate/second-half       Field duplicates, laboratory standards and
                   sampling.                                          laboratory repeats are used to monitor analyses.
               Whether sample sizes are appropriate to the grain
               size of                                                Sample size is considered appropriate.
               the material being sampled.

Quality of     The nature, quality and appropriateness of the         The assay technique is considered to be robust as
assay data     assaying and laboratory procedures used and            the method used (see above) offers total
and            whether the technique is considered partial or         dissolution of the sample and is useful for
laboratory     total.                                                 mineral matrices that may resist acid digestions.
tests          For geophysical tools, spectrometers, handheld XRF
               instruments, etc., the parameters used in              Standards and duplicates were submitted in
               determining the analysis including instrument make     varying frequency throughout the exploration
               and model, reading times, calibrations factors         campaign and internal laboratory standards,
               applied and their derivation, etc.                     duplicates and replicates are used for
               Nature of quality control procedures adopted (e.g.     verification
               standards, blanks, duplicates, external laboratory
               checks) and whether acceptable levels of accuracy
               (i.e. lack of bias) and precision have been
               established.
Verification   The verification of significant intersections by       Twinning of holes undertaken to date show good
of sampling    either independent or alternative company              continuity
and assaying   personnel.
                                                                      The Ta and Li assays show a marked correlation
               The use of twinned holes.                              with the pegmatite intersections via elevated
                                                                      downhole grades.
               Documentation of primary data, data entry
               procedures, data verification, data storage            Drill logs exist for all holes as electronic files
               (physical and electronic) protocols.                   and/or hardcopy (all 2017 logging has been input
                                                                      directly to field logging computers).
               Discuss any adjustment to assay data.
                                                                      Digital log sheets have been created with inbuilt
                                                                      validations to reduce potential for data entry
                                                                      errors.

                                                                      All drilling data has been loaded to a database
                                                                      and validated prior to use.


Location of    Accuracy and quality of surveys used to locate drill   Collar coordinates are currently only
data points    holes (collar and down-hole surveys), trenches,        approximate and considered accurate to within
               mine workings and other locations used in Mineral      4m measured using hand held GPS. Accurate
               Resource estimation.                                   surveying using RTK DGPS is currently being
                                                                      undertaken on site. Hole collars have been
               Specification of the grid system used.                 preserved until completion of survey.
               Quality and adequacy of topographic control.
 Criteria        JORC Code Explanation                                    Commentary
 Data spacing    Data spacing for reporting of Exploration Results.       Drilling has been conducted on a 40m x 40m grid,
 and                                                                      with a 140m x 80m area drilled out at 20m x
 distribution    Whether the data spacing and distribution is             20m.
                 sufficient to establish the degree of geological and
                 grade continuity appropriate for the Mineral             The spacing of holes is considered of sufficient
                 Resource and Ore Reserve estimation procedure(s)         density to provide an ?Indicated? or ?Inferred?
                 and classifications applied.                             Mineral Resource estimation and classification.

                 Whether sample compositing has been applied.             There has been no sample compositing.

 Orientation     Whether the orientation of sampling achieves             The majority of drilling is angled. Some vertical
 of data in      unbiased sampling of possible structures and the         holes have been drilled in areas where access is
 relation to     extent to which this is known, considering the           limited.
 geological      deposit type.
 structure       If the relationship between the drilling orientation     The lithium tantalite-bearing pegmatites are
                 and the orientation of key mineralised structures is     generally flat to shallowly dipping in nature. The
                 considered to have introduced a sampling bias, this      true width of pegmatites are generally
                 should be assessed and reported if material.             considered 80-95% of the intercept width, with
                                                                          minimal opportunity for sample bias.
 Sample          The measures taken to ensure sample security.            The RC samples are taken from the rig by
 security                                                                 experienced personal and stored securely and
                                                                          transport to the laboratory by a registered
                                                                          courier and handed over by signature.
 Audits or       The results of any audits or reviews of sampling         No audits have been undertaken to date.
 reviews         techniques and data.



Section 2 Reporting of Exploration Results

 Criteria           Explanation                                 Commentary
 Mineral            Type, reference name/number,                The portfolio of mineral tenements, comprising mining leases,
 tenement and       location and ownership including            exploration licences, prospecting licences, miscellaneous
 land tenure        agreements or material issues with          licences, a general-purpose lease, and a retention lease are
 status             third parties such as joint ventures,       in good standing.
                    partnerships, overriding royalties,
                    native title interests, historical sites,
                    wilderness or national park and
                    environmental settings.
                    The security of the tenure held at
                    the time of reporting along with any
                    known impediments to obtaining a
                    licence to operate in the area.
 Exploration        Acknowledgment and appraisal of             Alluvial tantalite has been mined periodically from the early
 done by other      exploration by other parties.               1970s.
 parties                                                        Gwalia Consolidated Limited undertook exploration for
                                                                tantalite-bearing pegmatites from 1983-1998. Work included
                                                                mapping, costeaning, and several phases of drilling using RAB,
                                                                RC, and diamond methods. The work identified mineral
                                                                resources that were considered uneconomic at the time.

                                                                Haddington entered agreement to develop the resource and
                                                                mining
                                                                    -   commenced in 2001 and continued until 2005.
                                                                    -   Haddington continued with exploration until 2009.

                                                                Living Waters acquired the project in 2009 and continued
                                                                with limited exploration to the north of the main pit area.
Criteria      Explanation                               Commentary
Geology       Deposit type, geological setting and      The Bald Hill area is underlain by generally north-striking,
              style of mineralisation.                  steeply dipping Archaean metasediments (schists and
                                                        greywackes) and granitoids.

                                                        Felsic porphyries and pegmatite sheets and veins have
                                                        intruded the Archaean rocks. Generally, the pegmatites cross
                                                        cut the regional foliation, occurring as gently dipping sheets
                                                        and as steeply dipping veins.

                                                        The pegmatites vary in width and are generally comprised
                                                        quartz-albite- muscovite-spodumene in varying amounts.
                                                        Late-stage albitisation in the central part of the main outcrop
                                                        area has resulted in fine- grained, banded, sugary pegmatites
                                                        with visible fine-grained, disseminated tantalite. A thin
                                                        hornfels characterised by needle hornblende crystals is often
                                                        observed in adjacent country rocks to the pegmatite.

                                                        Intrusives. Tantalite generally occurs as fine disseminated
                                                        crystals commonly associated with fine-grained albite zones,
                                                        or as coarse crystals associated with cleavelandite.

                                                        Weathering of the pegmatites yields secondary mineralised
                                                        accumulations in alluvial/eluvial deposits.


Drill hole    A summary of all information              Only results for drill holes that have intercepted lithium and
Information   material to the understanding of the      or tantalum pegmatites of 1m or more in width that have
              exploration results including a           been assayed for lithium have been included in the release.
              tabulation of the following
              information for all Material drill        All drill hole details are contained in Table 2 and 3 of the
              holes:                                    release.
                   ? easting and northing of the
                       drill hole collar
                   ? elevation or RL (Reduced
                       Level ? elevation above sea
                       level in metres) of the drill
                       hole collar
                   ? dip and azimuth of the hole
                   ? down hole length and
                       interception depth
                   ? hole length.
              If the exclusion of this information is
              justified on the basis that the
              information is not Material and this
              exclusion does not detract from the
              understanding of the report, the
              Competent Person should clearly
              explain why this is the case.
Data          In reporting Exploration Results,         No cutting to intercept grades has been undertaken.
aggregation   weighting averaging techniques,
methods       maximum and/or minimum grade              Assays are report as pure elements such as Li, Ta, Nb, Sn and
              truncations (e.g. cutting of high         converted to oxides using atomic formulas.
              grades) and cut-off grades are
              usually Material and should be            Reported intervals in Table 1 and 3 represent the aggregation
              stated.                                   of the intercepts containing samples of at least 0.3% Li2O
              Where aggregate intercepts                and/or 150ppm Ta2O5, lower grade zones are included
              incorporate short lengths of high         adjacent to higher grade zones where the grade varies
              grade results and longer lengths of       significantly from the average of the entire width of the
              low grade results, the procedure          mineralised pegmatite. Only lithium, tin, niobium and
              used for such aggregation should be       tantalum oxide results are tabled, other potential by-products
              stated and some typical examples of       are currently considered to be insignificant in economic
              such aggregations should be shown in      importance.
              detail.
              The assumptions used for any
              reporting of metal equivalent values
              should be clearly stated.
Criteria           Explanation                               Commentary
Relationship       These relationships are particularly      The majority of drilling is angled. Some vertical holes have
between            important in the reporting of             been drilled in areas where access is limited.
mineralisation     Exploration Results.
widths and                                                   The lithium tantalite-bearing pegmatites are generally flat to
intercept          If the geometry of the mineralisation     shallowly dipping in nature. The true width of pegmatites are
lengths            with respect to the drill hole angle is   generally considered 85-95% of the intercept width, with
                   known, its nature should be reported      minimal opportunity for sample bias.
                   If it is not known and only the down
                   hole lengths are reported, there
                   should be a clear statement to this
                   effect (e.g. ?down hole length, true
                   width not known?).
Diagrams           Appropriate maps and sections (with       Drilling locations are shown on figure 1 of the release.
                   scales) and tabulations of intercepts
                   should be included for any significant
                   discovery being reported These
                   should include, but not be limited to
                   a plan view of drill hole collar
                   locations and appropriate sectional
                   views.
Balanced           Where comprehensive reporting of          Results for all drill holes that have intercepted lithium
reporting          all Exploration Results is not            pegmatites that have been assayed for lithium have been
                   practicable, representative reporting     included in the release.
                   of both low and high grades and/or
                   widths should be practiced to avoid
                   misleading reporting of Exploration
                   Results.
Other              Other exploration data, if meaningful     No metallurgical test work is referred to in this
substantive        and material, should be reported          announcement.
exploration data   including (but not limited to):
                   geological observations; geophysical
                   survey results; geochemical survey
                   results; bulk samples ? size and
                   method of treatment; metallurgical
                   test results; bulk density,
                   groundwater, geotechnical and rock
                   characteristics; potential deleterious
                   or contaminating substances.
Further work       The nature and scale of planned           Further RC and diamond drilling is warranted at the various
                   further work (e.g. tests for lateral      deposits to explore for additional resources and improve the
                   extensions or depth extensions or         understanding of the current resources prior to mining.
                   large-scale step-out drilling).

                   Diagrams clearly highlighting the
                   areas of possible extensions,
                   including the main geological
                   interpretations and future drilling
                   areas, provided this information is
                   not commercially sensitive.

Date: 19/04/2017 09:50:00 Supplied by www.sharenet.co.za                     
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