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Tawana Resources Nl - Significant Increase In Lithium Pegmatite From Drilling At Bald Hill

Release Date: 25/05/2017 09:15:00      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.

Significant Increase in Lithium Pegmatite from 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 trebled the size of the target
area originally defined in January 2017. The extended area contains the most significant lithium results to date.
Highlights
-       Eastern high grade extension. Significant results include:
        -       57m at 1.62% Li2O from 161m, including 47m at 1.77% Li2O in LRC0348;
        -       38m at 1.48% Li2O from 134m in LRC0456;
        -       28m at 1.49% Li2O from 129m including 25m at 1.63% Li2O in LRC0454;
        -       10m at 2.58% Li2O from 83m including 7m at 3.46% Li2O in LRC0347;
This mineralised zone remains open to the east and south.
-       South Western extension. Significant results include:
        -       24m at 1.29% Li2O and 239ppm Ta2O5 from 135m in LRC0405;
        -       7m at 1.33% Li2O from 107m and 15m at 1.42% Li2O from 155m in LRC0407;
        -       12m at 1.31% Li2O and 306ppm Ta2O5 from 126m in LRC0411;
        -       6m at 1.75% Li2O and 448ppm Ta2O5 from 99m and 10m at 1.28% from 137m in LRC0425;
        -       14m at 1.52% Li2O and 268ppm Ta2O5 from 106m and 15m at 0.73% Li2O and 402ppm Ta2O5 from
                141m in LRC0426;
        -       12m at 0.96% Li2O and 325ppm Ta2O5 from 113m and 10m at 1.76% Li2O and 338ppm Ta2O5 from
                164m in LRC0427;
        -       15m at 1.21% Li2O from 113m, 4m at 1.86% from 144m and 8m at 0.81% Li2O and 322ppm Ta2O5
                from 159m in LRC0404.
This mineralised zone remains open to the west and south.
-   The maiden Resource estimation works are well advanced and the Company aims to complete and release these
    with summary Feasibility Study results within 2 weeks.
Tawana Resources Managing Director Mark Calderwood stated: ?The footprint of the lithium and tantalum mineralised
pegmatites has increased significantly over recent months. Recent drilling has defined two areas of consistently high
grade lithium mineralisation.?
Recent Drilling2
A further 118 exploration Reverse Circulation drill holes totalling 17,680m were completed between 1 April and 15
May 2017. Assays have been received for 87 holes since the 18/19 April, 2017 update. Recent intercepts are
summarised in Tables 1 and 2 in Appendix A.


-     Eastern high grade extension. Significant results include:
      - 57m at 1.62% Li2O from 161m, including 47m at 1.77% Li2O and 7m at 0.3% Li2O and 541ppm Ta2O5 from 219m
         in LRC0348;
      - 38m at 1.48% Li2O from 134m in LRC0456;
      - 28m at 1.49% Li2O from 129m including 25m at 1.63% Li2O in LRC0454;
      - 10m at 2.58% Li2O from 83m including 7m at 3.46% Li2O in LRC0347;
      - 15m at 1.14% Li2O from 127m including 9m at 1.49% Li2O in LRC0452;
      - 21m at 0.98% Li2O from 133m including 13m at 1.23% Li2O in LRC0451

-     South Western Extension. Significant results include:
      - 15m at 1.21% Li2O from 113m, 4m at 1.86% from 144m and 8m at 0.81% Li2O and 322ppm Ta2O5 from 159m in
         LRC0404.
      - 24m at 1.29% Li2O and 239ppm Ta2O5 from 135m in LRC0405;
      - 7m at 1.33% Li2O from 107m and 15m at 1.42% Li2O from 155m in LRC0407;
      - 12m at 1.31% Li2O and 306ppm Ta2O5 from 126m and 3m at 1.17% Li2O from 171m in LRC0411;
      - 6m at 1.75% Li2O and 448ppm Ta2O5 from 99m and 10m at 1.28% from 137m in LRC0425;
      - 14m at 1.52% Li2O and 268ppm Ta2O5 from 106m and 15m at 0.73% Li2O and 402ppm Ta2O5 from 141m in
         LRC0426;
      - 12m at 0.96% Li2O and 325ppm Ta2O5 from 113m and 10m at 1.76% Li2O and 338ppm Ta2O5 from 164m in
         LRC0427.

Exploration is mainly focused on step-out drilling to the south, east and west. Sterilisation and geotechnical drilling is
also continuing for mining engineering purposes.


Feasibility Study
Tawana and AMAL are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and
process engineering aspects of the study completed, and the mining engineering and infrastructure capital costs
nearing completion. The results of the study are expected to be released within two weeks.


1
  The true width of pegmatites are generally considered 80-95% of the intercept width. Only pegmatite intercepts of 1m or more in width are included.
Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
2
  These intersections are also repeated in the highlights section on the cover page.


25 May 2017

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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.
Appendix A

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

Hole ID    Easting    Northing      RL   Depth   Azm   Dec.   Type   From     To   Width   Pegmatite
                m           m       m       m                           m     m       m    Type
LRC0243   421,842    6,512,118   278.7     217    90    -60    RC        1     3       2   Ta
                                                                        33    35       2   Ta
                                                                        39    40       1   barren
                                                                        49    50       1   Ta
                                                                        55    63       8   Li, Ta
                                                                       100   102       2   barren
                                                                       132   142      10   Li, Ta
LRC0246   421,679    6,512,043   280.1     228    90    -60    RC       12    16       4   barren
                                                                        34    36       2   barren
                                                                        60    61       1   barren
                                                                       105   106       1   barren
                                                                       139   152      13   Ta
                                                                       163   167       4   Ta
                                                                       170   174       4   Ta
                                                                       182   187       5   Ta
                                                                       197   210      13   Ta
LRC0249   422,161    6,512,040   277.3     199    90    -60    RC       45    49       4   Li, Ta
                                                                        78    90      12   Li, Ta
                                                                       122   123       1   barren
                                                                       131   133       2   barren
                                                                       169   170       1   barren
                                                                       184   185       1   barren
                                                                       187   192       5   Ta
LRC0250   421,918    6,512,040   277.4     203    90    -60    RC        8    11       3   Ta
                                                                        38    39       1   barren
                                                                        89    98       9   Ta
                                                                       132   136       4   Ta
                                                                       139   140       1   barren
                                                                       143   149       6   Li, Ta
                                                                       177   182       5   Li, Ta
                                                                       188   194       6   Ta
                                                                       197   199       2   barren
LRC0327   421,601    6,512,324   283.7     169    90    -60    RC        2     4       2   barren
                                                                        36    37       1   Ta
                                                                        56    59       3   Ta
                                                                        72    75       3   barren
                                                                       100   101       1   barren
                                                                       117   126       9   Li, Ta
                                                                       129   133       4   Li
LRC0328   421,520    6,512,323   282.7     175    90    -60    RC        0     4       4   barren
                                                                        76    83       7   Li, Ta
                                                                        95    99       4   Ta
                                                                       148   151       3   barren
                                                                       158   171      13   Li, Ta
LRC0329   421,448    6,512,320   281.6     192    90    -60    RC        3     5       2   Ta
                                                                        97   104       7   Li, Ta
                                                                       125   129       4   barren
                                                                       133   134       1   barren
Hole ID   Easting   Northing      RL    Depth   Azm   Dec.   Type   From     To   Width   Pegmatite
               m          m       m        m                           m     m       m    Type
                                                                      167   182      15   Li, Ta
LRC0330   421,326   6,512,322   280.3      36    90    -60    RC        2     4       2   barren
LRC0331   421,761   6,513,239   290.0     126    90    -60    RC       29    31       2   Ta
LRC0332   422,163   6,512,282   284.5      37    90    -60    RC        3     5       2   barren
                                                                        8    13       5   Ta
                                                                       18    21       3   Li, Ta
                                                                       24    26       2   barren
                                                                       54    55       1   barren
                                                                       63    66       3   barren
LRC0333   422,243   6,512,281   285.0     120    90    -60    RC       33    37       4   Li, Ta
LRC0334   422,084   6,512,280   283.1     120    90    -60    RC       36    43       7   Ta
                                                                       67    81      14   Li, Ta
                                                                       83    94      11   Li, Ta
LRC0335   422,003   6,512,281   282.1     127    90    -60    RC       10    11       1   barren
                                                                       15    16       1   Ta
                                                                       42    43       1   barren
                                                                       63    66       3   Li, Ta
                                                                       83   111      28   Li, Ta
LRC0336   422,305   6,512,199   281.9      91    90    -60    RC       29    33       4   Ta
                                                                       45    46       1   barren
                                                                       49    50       1   barren
LRC0337   422,078   6,512,199   280.8     109    90    -60    RC        0     1       1   barren
                                                                       11    12       1   barren
                                                                       50    80      30   Li, Ta
                                                                       84    85       1   barren
                                                                       87    88       1   barren
LRC0338   422,282   6,512,200   281.7     103    90    -60    RC        1     2       1   barren
                                                                       12    16       4   Li, Ta
                                                                       23    31       8   Li, Ta
                                                                       68    70       2   barren
LRC0339   422,166   6,512,197   280.8     130    90    -60    RC       20    21       1   Ta
                                                                       50    53       3   Ta
                                                                       68    70       2   Li, Ta
                                                                       87    92       5   Li, Ta
                                                                       94    95       1   Ta
                                                                       99   103       4   barren
                                                                      106   107       1   Ta
                                                                      110   112       2   barren
                                                                      115   116       1   barren
LRC0340   422,175   6,512,283   284.5     121    90    -60    RC       22    23       1   Ta
                                                                       25    31       6   Li, Ta
                                                                       32    33       1   Li
                                                                       75    77       2   Ta
                                                                       79    80       1   Ta
                                                                       92    93       1   Ta
                                                                      106   107       1   Ta
LRC0341   422,322   6,512,122   279.8     120    90    -60    RC       39    42       3   barren
LRC0342   422,239   6,512,121   278.9     145    90    -60    RC       37    40       3   Ta
                                                                       70    73       3   Ta
                                                                       80    81       1   Li
                                                                       90   112      22   Li, Ta
Hole ID   Easting   Northing      RL    Depth   Azm   Dec.   Type   From     To   Width   Pegmatite
               m          m       m        m                           m     m       m    Type
                                                                      126   139      13   Li, Ta
LRC0343   422,159   6,512,123   278.8     163    90    -60    RC       48    51       3   Li, Ta
                                                                       81    91      10   Li
                                                                       93    94       1   Li
                                                                      105   126      21   Li
LRC0344   422,084   6,512,122   278.8     205    90    -60    RC       70    90      20   Li
                                                                       91    96       5   Li, Ta
LRC0345   422,320   6,512,041   277.9     120    90    -60    RC       43    46       3   Li
                                                                       76    79       3   Ta
LRC0346   422,240   6,512,040   277.7     150    90    -60    RC       50    53       3   Ta
                                                                       80    83       3   Li, Ta
                                                                       98   110      12   Li
                                                                      115   143      28   Li
LRC0347   422,179   6,512,001   276.5     201    90    -60    RC       55    58       3   Li, Ta
                                                                       83   104      21   Li, Ta
                                                                      109   115       6   Li
LRC0348   422,337   6,511,998   277.3     242    90    -60    RC       45    49       4   Li
                                                                       53    54       1   Li
                                                                       60    61       1   Li
                                                                       63    65       2   Li
                                                                       75    87      12   Li
                                                                      147   226      79   Li, Ta
LRC0349   422,388   6,512,036   278.6     184   270    -60    RC       67    68       1   Ta
                                                                      104   106       2   Li
                                                                      117   142      25   Li, Ta
LRC0350   421,839   6,511,918   275.3     205    90    -60    RC       93    94       1   Ta
                                                                      109   117       8   Li, Ta
                                                                      138   152      14   Li, Ta
                                                                      161   167       6   Li
                                                                      180   184       4   Li, Ta
                                                                      189   190       1   Ta
LRC0351   421,801   6,513,160   290.1     120    90    -60    RC        0    15      15   Li, Ta
                                                                       24    27       3   Ta
                                                                       33    34       1   barren
                                                                       49    50       1   barren
                                                                       56    57       1   barren
                                                                       61    63       2   barren
                                                                       64    67       3   barren
                                                                       69    70       1   barren
                                                                       85    87       2   barren
                                                                       97    99       2   barren
                                                                      103   104       1   barren
                                                                      105   106       1   barren
LRC0352   421,760   6,513,160   290.2      30    90    -60    RC        0    18      18   Li, Ta
                                                                       21    24       3   Ta
LRC0353   421,721   6,513,159   291.1     120    90    -60    RC        0    23      23   Li
                                                                       28    30       2   Ta
                                                                       47    48       1   Ta
                                                                       95    96       1   barren
LRC0354   421,800   6,513,238   290.1      30    90    -60    RC        0    15      15   Li
                                                                       16    19       3   Li
                                                                       24    25       1   barren
Hole ID    Easting    Northing      RL   Depth   Azm   Dec.   Type   From     To   Width   Pegmatite
                m           m       m       m                           m     m       m    Type
LRC0355   421,759    6,513,319   288.9      30    90    -60    RC        0    16      16   Li
                                                                        18    20       2   barren
                                                                        28    30       2   Ta
                                                                        48    49       1   barren
LRC0356   421,780    6,513,320   289.2      48    90    -60    RC        0    14      14   Li
                                                                        27    29       2   Ta
LRC0357   421,761    6,512,041   278.5     229    90    -60    RC        0     3       3   barren
                                                                         5    17      12   Li
                                                                        23    24       1   Ta
                                                                        27    29       2   barren
                                                                        30    31       1   barren
                                                                        32    33       1   barren
                                                                        40    41       1   barren
LRC0358   422,324    6,512,282   284.5     127    90    -60    RC        0     4       4   barren
                                                                         6    13       7   Li
                                                                        16    17       1   barren
LRC0359   422,921    6,513,398   301.8      72     0    -90    RC       25    27       2   barren
LRC0364   422,099    6,513,399   292.5      60    90    -60    RC       44    45       1   barren
LRC0370   421,622    6,513,401   286.6      60    90    -60    RC       41    42       1   barren
LRC0389   422,680    6,512,400   282.0      78     0    -90    RC       14    17       3   Ta
                                                                        54    60       6   Ta
LRC0390   422,618    6,512,399   281.5      72     0    -90    RC        0     2       2   Ta
LRC0393   421,192    6,512,682   282.2     114    90    -60    RC       12    13       1   Ta
                                                                        61    66       5   Li
                                                                        86    93       7   Li
                                                                       103   108       5   Li
LRC0394   421,141    6,512,682   282.0     150    90    -60    RC       51    64      13   Li, Ta
                                                                       111   122      11   Li
LRC0395   421,199    6,512,600   281.9     132    90    -60    RC       59    65       6   Li, Ta
                                                                        71    74       3   Li
                                                                        85    92       7   Li, Ta
                                                                        95   124      29   Li, Ta
LRC0396   421,193    6,512,522   281.3     114    90    -60    RC        9    11       2   Ta
                                                                        50    55       5   Li, Ta
                                                                        80    93      13   Li, Ta
LRC0397   421,199    6,512,440   280.9     150    90    -60    RC       57    60       3   Li
                                                                        92   102      10   Li, Ta
LRC0398   421,121    6,512,441   280.9     114    90    -60    RC       83    85       2   Li
LRC0399   421,122    6,512,522   281.5     150    90    -60    RC       38    42       4   Li, Ta
                                                                        60    64       4   Li, Ta
                                                                        77    79       2   Li, Ta
                                                                       113   119       6   Li
LRC0401   421,840    6,512,042   277.7     221    90    -60    RC        0     9       9   barren
                                                                        13    14       1   barren
                                                                        29    31       2   barren
                                                                       114   115       1   Ta
                                                                       117   118       1   barren
                                                                       121   122       1   barren
                                                                       129   135       6   Ta
                                                                       148   163      15   Li, Ta
                                                                       165   166       1   barren
Hole ID   Easting   Northing      RL    Depth   Azm   Dec.   Type   From     To   Width   Pegmatite
               m          m       m        m                           m     m       m    Type
                                                                      169   172       3   Ta
                                                                      199   206       7   Li, Ta
                                                                      209   211       2   barren
                                                                      213   215       2   Ta
LRC0402   421,761   6,512,041   278.5      73    90    -60    RC        7    10       3   barren
                                                                       24    26       2   Ta
                                                                       68    69       1   barren
                                                                       94    95       1   barren
                                                                      122   129       7   Li, Ta
                                                                      131   134       3   Li, Ta
                                                                      144   163      19   Li, Ta
                                                                      184   185       1   barren
                                                                      186   193       7   Ta
                                                                      204   205       1   Ta
                                                                      216   219       3   Ta
                                                                      221   222       1   barren
                                                                      226   229       3   Li, Ta
LRC0403   421,931   6,512,439   286.4     151    90    -60    RC        1     2       1   barren
                                                                        5     7       2   barren
                                                                       22    23       1   barren
                                                                       30    31       1   Ta
                                                                       41    42       1   barren
                                                                       68    69       1   barren
                                                                       75    76       1   barren
                                                                       80    82       2   barren
                                                                      104   110       6   Li, Ta
                                                                      111   112       1   Li
                                                                      113   114       1   Li
                                                                      115   116       1   barren
                                                                      132   133       1   barren
                                                                      138   152      14   Li, Ta
                                                                      157   158       1   Li
                                                                      169   176       7   Li, Ta
                                                                      182   183       1   barren
                                                                      188   190       2   barren
                                                                      192   193       1   barren
                                                                      201   211      10   Li, Ta
LRC0404   421,601   6,512,042   282.0     229    90    -60    RC       50    51       1   barren
                                                                       55    56       1   barren
                                                                       60    61       1   Ta
                                                                       70    73       3   barren
                                                                       75    76       1   Ta
                                                                       96    97       1   barren
                                                                      112   128      16   Li, Ta
                                                                      132   133       1   barren
                                                                      142   148       6   Li, Ta
                                                                      150   151       1   barren
                                                                      158   170      12   Li, Ta
                                                                      186   189       3   Li
                                                                      192   197       5   Li
                                                                      208   209       1   barren
                                                                      224   225       1   barren
Hole ID    Easting    Northing      RL   Depth   Azm   Dec.   Type   From     To   Width   Pegmatite
                m           m       m       m                           m     m       m    Type
LRC0405   421,758    6,512,118   279.3     229    90    -60    RC        0     3       3   barren
                                                                         8     9       1   Ta
                                                                        12    13       1   barren
                                                                        22    23       1   barren
                                                                        37    38       1   barren
                                                                        59    60       1   barren
                                                                        96    99       3   Ta
                                                                       112   113       1   barren
                                                                       132   133       1   barren
                                                                       134   181      47   Li, Ta
                                                                       194   197       3   barren
                                                                       200   201       1   barren
                                                                       208   210       2   Ta
                                                                       213   215       2   barren
                                                                       223   224       1   barren
LRC0406   421,684    6,512,116   280.8     229    90    -60    RC       29    31       2   Ta
                                                                        60    67       7   Li
                                                                       103   111       8   Li, Ta
                                                                       122   149      27   Li, Ta
                                                                       161   168       7   Li, Ta
                                                                       171   173       2   Ta
LRC0407   421,603    6,512,118   281.7     229    90    -60    RC       50    54       4   Ta
                                                                       103   117      14   Li, Ta
                                                                       138   139       1   Li
                                                                       151   153       2   Li
                                                                       155   172      17   Li, Ta
LRC0408   422,020    6,512,003   276.8     115    90    -60    RC       58    63       5   Li, Ta
                                                                        73    76       3   Ta
                                                                       101   115      14   Li
LRC0409   421,860    6,511,999   276.5     187    90    -60    RC       91   104      13   Li, Ta
                                                                       119   121       2   Ta
                                                                       126   129       3   Li, Ta
                                                                       133   135       2   Li, Ta
                                                                       158   169      11   Li, Ta
LRC0410   421,701    6,511,999   278.7     217    90    -60    RC       30    31       1   Ta
                                                                       145   172      27   Li, Ta
                                                                       194   207      13   Li, Ta
LRC0411   421,542    6,512,000   280.2     240    90    -60    RC      126   138      12   Li, Ta
                                                                       165   167       2   Li, Ta
                                                                       171   174       3   Li, Ta
LRC0412   422,078    6,512,080   278.1     217    90    -60    RC       36    45       9   Li, Ta
                                                                        78    92      14   Li, Ta
                                                                       144   147       3   Ta
                                                                       196   199       3   Ta
LRC0413   422,036    6,512,081   278.3     112    90    -60    RC       35    47      12   Li, Ta
                                                                        86   102      16   Li, Ta
LRC0414   421,997    6,512,080   278.1     157    90    -60    RC       46    54       8   Li, Ta
                                                                        63    81      18   Li, Ta
                                                                        95   110      15   Li
                                                                       136   139       3   Ta
LRC0415   421,960    6,512,081   277.9     175    90    -60    RC       68    75       7   Ta
                                                                       112   115       3   Li, Ta
Hole ID       Easting   Northing       RL   Depth     Azm    Dec.   Type   From      To     Width   Pegmatite
                   m          m        m       m                              m      m         m    Type
                                                                             160    163         3   ta
LRC0416      422,040    6,512,037   277.7     151       90    -60     RC      37     39         2   Ta
                                                                              42     46         4   Li, Ta
                                                                              60     61         1   Li
                                                                              81     93        12   Li, Ta
LRC0417      421,960    6,512,038   277.4     139       90    -60     RC      63     79        16   Ta
                                                                             114    119         5   Ta
LRC0418      421,960    6,512,160   279.3     109       90    -60     RC       5     10         5   Ta
                                                                              88     96         8   Ta
LRC0419      421,919    6,512,161   279.2     139       90    -60     RC     100    112        12   Li, Ta
                                                                             121    124         3   Ta
LRC0420      421,881    6,512,161   279.4     151       90    -60     RC     118    136        18   Li, Ta
LRC0421      421,840    6,512,159   279.4     160       90    -60     RC      59     61         2   Li
                                                                             136    155        19   Li, Ta
LRC0422      421,800    6,512,160   279.4     187       90    -60     RC     152    180        28   Li, Ta
LRC0423      421,762    6,512,159   279.7     247       90    -60     RC       2      4         2   Ta
                                                                              25     26         1   Ta
                                                                              51     52         1   Ta
                                                                             140    145         5   Ta
                                                                             162    185        23   Li, Ta
                                                                             236    242         6   Li, Ta
LRC0424      421,720    6,512,159   280.7     241       90    -60     RC      17     20         3   Ta
                                                                              58     60         2   Ta
                                                                              99    107         8   Li, Ta
                                                                             132    160        28   Li, Ta
                                                                             183    184         1   Ta
LRC0451      422,402    6,512,040   278.5     220        0    -90     RC      67     69         2   Ta
                                                                             131    161        30   Li, Ta
LRC0452      422,373    6,511,922   276.6     146      270    -60     RC      65     68         3   Ta
                                                                              98    100         2   Ta
                                                                             105    108         3   Li
                                                                             117    120         3   Li
                                                                             125    146        21   Li
LRC0453      422,390    6,511,923   276.8     240        0    -90     RC      62     70         8   Li
                                                                              72     80         8   Li, Ta
                                                                             108    123        15   Li
                                                                             161    178        17   Ta
                                                                             188    191         3   barren
                                                                             208    224        16   Li
LRC0454      422,402    6,512,122   279.5     170        0    -90     RC      70     72         2   Ta
                                                                             128    157        29   Li
LRC0455      422,389    6,512,200   281.0     110      270    -60     RC      25     29         4   Ta


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
  LRC0243             1          2         1       0.17    195       36    104
                     33         34         1       0.13    266       64    183
                     49         50         1       0.14    432       93    137
                     55         63         8       0.72    285      100    220
            incl     58         61         3       1.32    320      110    319
                    133        139         6       0.67    140      161     83
                    140        141         1       0.13    156       64     51
  LRC0246           141        151        10       0.12    209      104    118
                    164        166         2       0.05    223      143    141
                    171        172         1       0.04    155       57     74
                    183        184         1       0.07    302       72    105
                    197        209        12       0.10    289      116    102
  LRC0249            45         49         4       0.47    522      129    157
  LRC0249   incl     47         48         1       0.22   1057      207    191
  LRC0249            78         85         7       1.04     66       52     66
  LRC0249            85         88         3       0.10    262      102     72
  LRC0249            89         90         1       0.33     31       21     62
  LRC0249           188        190         2       0.04    239      108     51
  LRC0250             8          9         1       0.02    214       36     61
                     92         95         3       0.04    286      131    179
                    132        135         3       0.14    181       50     93
                    144        148         4       0.24    279       79    100
                    177        179         2       0.47     65       32    160
                    179        181         2       0.19    554      236    179
                    181        182         1       0.38     24       29    118
                    188        194         6       0.10    793      160    122
            incl    192        193         1       0.03   3203      408    234
  LRC0327            36         37         1       0.12    343       57    203
  LRC0327            57         59         2       0.07    372      136    275
  LRC0327           118        124         6       0.86    136       84    111
  LRC0327           129        132         3       1.07     91       81    124
  LRC0327   incl    131        132         1       1.97    120       93    131
  LRC0328            76         83         7       0.67    284      112    193
            incl     77         80         3       1.24    318      133    223
                     96         97         1       0.12    324      236     67
                    159        168         9       1.14    123      108    105
            incl    161        166         5       1.49    137      117    127
                    169        171         2       0.03    306      122    117
  LRC0329             3          4         1       0.01    396      114   1118
                     99        104         5       0.53    224      142    172
            incl    102        104         2       1.03    217      100    185
                    167        168         1       0.09    155       72    118
                    168        169         1       0.51     81       86     20
                    170        173         3       0.58    114       93     87
                    176        178         2       0.55     63       36     61
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm    ppm
                  180   181         1    0.07    464      100   1883
LRC0331            29   30          1    0.03    166      114     84
LRC0332             9   13          4    0.05    286      131    208
                   18   21          3    0.74    189       81     77
          incl     19   20          1    1.45    400      114     97
LRC0333            33   37          4    0.75    149      102    144
LRC0334            36   42          6    0.03    534      151    140
          incl     41   42          1    0.02   1375      186    295
                   70   77          7    1.15    285      135    107
          incl     76   77          1    1.75   1216      236    255
                   77   78          1    0.12    779      129    171
                   83   84          1    0.30      6        7    114
                   85   92          7    1.03    135       73     88
          incl     88   89          1    2.25    282      122     77
          and      90   91          1    1.63     96       79     99
LRC0335            15    16         1    0.05    287       50    107
                   63    65         2    0.04    474      100    117
                   65    66         1    0.31    129       36    202
                   86    90         4    0.48    196       72    229
                   91    92         1    0.03    155       50    178
                   93   108        15    0.88    665      526    200
          incl     93   100         7    1.20   1169     1023    119
          and      93    96         3    1.08   2243     1984    117
LRC0336            29   30          1    0.11    348       72     57
LRC0337            51   53          2    0.05    550      240    167
                   56   57          1    0.46    100       93     51
                   57   59          2    0.10    643      283    123
                   62   75         13    0.88    147       65     59
          incl     63   69          6    1.50    151       64     74
          and      67   68          1    2.23    534      122    142
                   77   78          1    0.07    173       64     75
                   79   80          1    0.09    187       57     56
LRC0338            13   14          1    0.13    338       72    279
                   14   16          2    0.43    103       40    352
                   23   24          1    0.24    549      114    192
                   27   29          2    1.07    213      108     91
                   30   31          1    0.06    164       50    132
LRC0339            20   21          1    0.08    205       64     46
                   50   52          2    0.06    298       79     99
                   68   70          2    1.15    137       97    103
          incl     68   69          1    1.90    256      172    140
                   89   91          2    0.04    198      115     81
                   91   92          1    0.48     35       36    152
                   94   95          1    0.17    244       72    145
                  106   107         1    0.16    263       43     95
LRC0340            22   23          1    0.12    189       50     72
                   27   30          3    0.28    204      131     67
                   32   33          1    0.37     23       21    103
                   76   77          1    0.09    487       57    234
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm    ppm
                   79   80          1    0.14    358       43    192
                   92   93          1    0.21    158       57    192
                  106   107         1    0.13    178       50     91
LRC0342            39    40         1    0.04    204       57     76
                   70    71         1    0.11    260       86     75
                   80    81         1    0.50     13       21    206
                   94    99         5    0.76     77       83     63
                   99   105         6    0.06    201      109     64
                  105   106         1    0.34     39       50     41
                  126   127         1    1.19     72      122     67
                  129   134         5    1.10    289      472     58
          incl    133   134         1    0.78   1001     1603     60
                  136   138         2    0.75    114      115     70
LRC0343            48    51         3    0.80    225       67    124
          incl     49    50         1    1.56    178       64    109
                   82    83         1    0.03    219      114     24
                   83    88         5    1.73     72      109     57
                   90    91         1    0.40     72       43    103
                   93    94         1    0.31     12       14     61
                  111   113         2    1.16     49       64     63
                  118   122         4    0.79     85       95     61
          incl    119   120         1    1.11     90      107     66
LRC0344            70   90         20    0.67     51       32    141
                   91   95          4    0.65     57       27    102
          incl     94   95          1    1.47    154       72    140
                   95   96          1    0.08    366       86    132
LRC0345            44   45          1    0.35      2       -5    116
                   76   77          1    0.04    426       86    121
LRC0346            51    52         1    0.06   1022      129    121
                   81    82         1    0.02    175       86     29
                   82    83         1    0.44     66       43    175
                   98   106         8    0.64     69       64     72
          incl    103   106         3    1.10     77       81     49
                  108   109         1    0.36     16       21     58
                  116   119         3    0.38     68       26    213
                  123   143        20    0.74     77       86     77
          incl    132   138         6    1.39     69       91     54
LRC0347            55    57         2    0.39    230       68    178
                   83    93        10    2.58    162       94     98
          incl     84    91         7    3.46    210      127    108
                  101   102         1    0.36      5        7     69
                  112   115         3    0.85    133       88     63
          incl    112   113         1    1.35    106       93     69
LRC0348            47   49          2    0.06    219      143     57
                   53   54          1    0.26    372       79   7798
                   60   61          1    0.09    205       79    184
                   63   65          2    0.17    361      111    171
                   75   81          6    0.06    291      189     73
                   83   85          2    0.19    329       68    134
                  From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                     m   m           m       %    ppm     ppm    ppm
                   148   150         2    0.09    443      215     73
                   152   154         2    0.71     58       68    218
                   157   159         2    0.08    229      143     97
                   161   218        57    1.62     69       91     52
          incl.    162   209        47    1.77     73       96     53
          incl     195   208        13    2.03     42       67     54
                   219   226         7    0.30    541       98    167
          incl     222   223         1    1.02    563       43    268
          and      223   224         1    0.76    935       79    302
LRC0349             67    68         1    0.08    436       72     97
                   105   106         1    0.36     40       29    103
                   117   138        21    0.78     87       89     61
          incl     126   129         3    1.59    104      141     60
          and      132   135         3    1.18     65       81     59
                   140   142         2    0.06    385      125     72
LRC0350             93    94         1    0.10    209       57     64
                   109   116         7    0.46    238      116    111
          incl     109   111         2    1.32    151       97    147
                   139   151        12    0.91    118       99    151
          incl     140   143         3    1.34     86      103     99
          and      147   150         3    1.37    159      110    138
                   163   167         4    0.36     35       27    106
                   181   182         1    0.06    389       93     74
                   189   190         1    0.14    177       57     60
LRC0351              0    9          9    0.42    181       65    183
                    24   27          3    0.04    570       83    202
LRC0352              1   13         12    0.36    144       53    190
                    16   17          1    0.42    126       43    215
                    22   23          1    0.04    388      107    466
LRC0353              1    7          6    0.67     82       31    122
                    10   12          2    0.36    110       61    158
                    28   29          1    0.03    160       57     85
                    47   48          1    0.07    168       43    154
LRC0354              2    5          3    0.49    107       36    129
                     8   17          9    0.37     90       31    167
LRC0355              1   14         13    0.39    110       39    138
                    28   30          2    0.06    456       72    346
LRC0356              1   13         12    0.64     98       30    143
                    27   28          1    0.05    481       57    267
LRC0357              5   14          9    0.44    102       27    142
                    15   16          1    0.08    328       64    243
                    16   17          1    0.12    161       50    124
                    23   24          1    0.09    175       29    128
LRC0358              6   11          5    0.42     94       32    131
                    11   12          1    0.18    171       43    159
LRC0389             14   16          2    0.03    207       68     56
                    55   57          2    0.13    334       86    287
LRC0390              0    1          1    0.03    254       36    104
LRC0393             12   13          1    0.02    687       86    168
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm    ppm
                   62    64         2    1.35     87       75    222
                   65    66         1    0.32    123       21     90
                   88    91         3    0.71     62       57    107
          incl     89    90         1    1.41     28       36    149
                  104   106         2    0.81     50       61     90
LRC0394            53    61         8    0.57     91       59    193
                  115   117         2    0.47     17       12     39
                  120   121         1    0.41     55       43     76
LRC0395            59   65          6    1.13    104      101    112
          incl     60   64          4    1.49    134      116    113
                   72   74          2    0.39     17       29     60
                   86   89          3    1.19    182      145    103
          incl     86   88          2    1.63    218      172    130
                   96   99          3    1.00     75       91     98
LRC0396             9   11          2    0.03    258       89     85
                   51   52          1    0.26    200       93    453
                   52   55          3    0.77    112       81    112
                   80   83          3    0.38    163      134     57
                   85   91          6    0.84    113      104     86
          incl     85   87          2    1.47    120      115    105
LRC0397            57    58         1    0.46     92       79    119
                   94   101         7    0.86    102      107    113
          incl     96    99         3    1.50    101      110    102
LRC0398            83   84          1    1.82     57       36    258
LRC0399            38    39         1    0.03    183      136     77
                   40    41         1    0.38    179       72    169
                   60    64         4    0.83     83       80     66
          incl     60    61         1    1.57    111      107    100
                   77    79         2    1.65    255      258    149
          incl     78    79         1    2.40    488      494    217
                  114   117         3    1.13     42       72    106
LRC0400            24    25         1    0.05    221      143     41
                   53    58         5    0.96     73       64    135
          incl     55    57         2    1.53     99       61    125
                   58    59         1    0.05    331      236     85
                  104   105         1    1.31     54       72     84
                  127   131         4    0.88     63       46    154
          incl    128   129         1    2.06     51       50    123
LRC0401           114   115         1    0.09    220       57    433
                  130   131         1    0.03    188       64     91
                  150   151         1    0.13    437      308     79
                  151   155         4    0.99     81       61    122
          incl    151   153         2    1.47     50       47    162
                  157   163         6    0.32    223      148     84
                  169   172         3    0.03    468      172     93
                  199   200         1    0.34     13       14    149
                  200   201         1    0.06    188       64     64
                  203   204         1    0.05    171       79    128
                  213   214         1    0.12    219       86     60
                  From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                     m   m           m       %    ppm     ppm    ppm
LRC0402             25    26         1    0.06    208       57    102
                   123   127         4    1.44    299     1839    318
          incl     124   126         2    1.75    425     3563    301
                   131   132         1    0.34     33       36    177
                   132   133         1    0.17    249      165     97
                   146   162        16    0.84    134       80    131
          incl     147   153         6    1.50    141       84    119
                   188   193         5    0.10    155      122    175
                   204   205         1    0.05    263       79     83
                   217   218         1    0.07    183       64     76
                   226   227         1    0.24    254       64    159
                   227   228         1    0.45     78       36    255
LRC0403             30    31         1    0.06    171       36     77
                   105   106         1    0.34     22       14    141
                   107   110         3    0.05    367      115    110
                   111   112         1    0.30     56       14     80
                   113   114         1    0.42     95       21    202
                   138   152        14    0.75    232       94    104
          incl     143   149         6    1.35    177       98     94
                   157   158         1    0.35    106       64     60
                   170   174         4    0.70    118       66     82
          incl     172   173         1    1.19    159       72    122
                   202   204         2    0.12   1205     1105    116
          incl     203   204         1    0.06   2079     1960    151
                   208   209         1    0.11    407      172     91
LRC0404             60    61         1    0.11    151       29    536
                    75    76         1    0.08    374      157    121
                   113   128        15    1.21    234       94    116
          incl     113   122         9    1.65    258      103    130
                   142   143         1    0.43    150       57    122
                   144   148         4    1.86    181       68    174
          incl     145   146         1    4.59    286      122    349
                   159   167         8    0.81    322      130    148
          incl     160   161         1    2.40    156      100    199
                   167   169         2    0.09    332      158     58
                   187   189         2    0.36     85       47     80
                   192   194         2    0.83     90       54     86
          incl     193   194         1    1.11     50       57     72
LRC0405              8     9         1    0.07    217       29     98
                    96    98         2    0.14    324       65    175
                   134   135         1    0.18    579      122    187
                   135   172        37    0.99    162      109    127
          incl.    135   159        24    1.29    239       95    123
          incl.    145   159        14    1.45     99       87    104
                   172   180         8    0.06    301      182     88
                   209   210         1    0.03    297       64    119
LRC0406             30    31         1    0.09    277       43    180
                    61    62         1    0.05    662      358    201
                   104   111         7    0.71    394      121    139
          incl     107   109         2    1.34    476      133    156
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm    ppm
                  126   127         1    0.07    298      114    182
                  127   149        22    0.50    368      234    145
          incl    129   137         8    0.39    687      366    221
          and     138   140         2    1.60    290      401     98
                  161   168         7    0.69    156       91    127
          incl    162   166         4    1.10    149      100    123
                  171   172         1    0.23    226      122    138
LRC0407            51    52         1    0.16    176       43    179
                  103   107         4    0.14    490      261    184
                  107   117        10    1.12    196      109    109
          incl    109   116         7    1.33    227      127    107
                  138   139         1    0.32     88       57    206
                  151   153         2    0.49     28       21    113
                  155   170        15    1.42    148       87    114
          incl    155   164         9    2.05    137       86    106
LRC0408            59    63         4    1.18    179      106    220
          incl     59    61         2    1.81    136      119    144
                   74    75         1    0.24    158       72    231
                  101   112        11    1.08     68       86    113
          incl    104   111         7    1.41     67       91     99
LRC0409            92   103        11    1.22    209      105    127
          incl     98    99         1    2.13    254      114    175
                  119   121         2    0.15    274       76     70
                  126   129         3    0.35    135       52     83
                  133   135         2    0.82    203      144    147
                  158   164         6    0.41    274      107    127
                  163   164         1    0.37    104       86     70
                  166   167         1    0.31     20       21     91
LRC0410            30    31         1    0.10    173       43     83
                  145   154         9    0.51    317      110    154
                  157   159         2    0.26    234       93     62
                  159   172        13    1.09    174       99     94
                  195   196         1    0.08    154      122     86
                  200   202         2    0.35     68      154     89
LRC0411           126   138        12    1.31    306      167    116
          incl    127   132         5    1.99    232      117    114
                  165   166         1    0.17    355      150     93
                  166   167         1    0.31     23       21     67
                  171   174         3    1.17    132       62     80
LRC0412            37    42         5    0.41    232      130    126
                   80    88         8    1.05     64       57     80
          incl     81    83         2    1.53     63       75     90
          and      86    87         1    2.71     34       36     81
                   88    91         3    0.12    257       79    100
                  145   146         1    0.07    316       57    108
                  197   199         2    0.07    311       43     97
LRC0413            35   46         11    0.81    343      147    184
          incl     38   42          4    1.62    327      194    135
                   92   93          1    0.43     71       64     52
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm    ppm
                   98   99          1    0.02    182      100     36
LRC0414            46    52         6    0.34    354      135    159
                   63    64         1    0.06    184      100     65
                   65    73         8    0.65     53       61     76
                   77    79         2    1.13     68       72     94
                   79    80         1    0.16    271      193     67
                   95   110        15    1.08    129       64    109
                  137   138         1    0.04    317      100     79
LRC0415            68    71         3    0.02    259      124    112
                  113   114         1    0.36     76       29    136
                  114   115         1    0.21    703      215    207
                  160   163         3    0.15    496      141    102
LRC0416            37   39          2    0.11   1006      462    187
          incl     38   39          1    0.05   1527      730    274
                   42   45          3    0.99    296      229    117
          incl     43   45          2    1.44    346      294    124
                   60   61          1    0.38     65      100    202
                   82   83          1    0.06    259       79    212
                   83   89          6    0.39    136       61    198
LRC0417            63    68         5    0.11    261      120    123
                  116   117         1    0.04    231       79    107
LRC0418             7    8          1    0.03    410       43    132
                   92   95          3    0.05    227      105    135
LRC0419           100   110        10    0.36    299       92    1757
          incl    106   107         1    0.22    611      165   10879
                  122   124         2    0.08    239       68      90
LRC0420           118   131        13    0.87    135       90     94
          incl    120   123         3    1.27     72       95     55
          and     128   129         1    1.54    122       93     66
LRC0421            59    60         1    0.14    172       64     69
                  137   138         1    0.11    217      100     55
                  139   152        13    0.78    196      114    126
                  152   154         2    0.25    258       97    129
LRC0422           152   167        15    1.02    141       94     92
          incl    156   165         9    1.47    131      111    106
                  167   169         2    0.21    277      104    123
                  170   172         2    0.42     88       68    124
                  172   173         1    0.13    192      122    121
                  175   179         4    0.38    175       66    121
LRC0423             2     3         1    0.05    236       43    147
                   25    26         1    0.06    473       36     75
                   51    52         1    0.09    289       79     99
                  141   144         3    0.04    692      153    133
          incl    141   142         1    0.04   1098      172    168
                  163   178        15    1.15    114       88    152
          incl    169   174         5    1.90     96       92    163
                  180   185         5    0.15    276      149     61
                  237   242         5    0.38    357      138    150
          incl    239   240         1    1.19    499      179    182
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm    ppm
LRC0424            18    19         1    0.05    320       64    216
                   58    59         1    0.02    280      107     36
                  100   107         7    0.60    440       91    133
          incl    101   102         1    1.47    393       79    163
                  134   152        18    0.92    151      107    103
          incl    134   144        10    1.15    139      109    109
                  154   160         6    0.22    231      119    123
                  183   184         1    0.08    291       64    107
LRC0425            33    34         1    0.07    305       57     75
                   55    56         1    0.38    128       86    244
                   56    57         1    0.07    238      122    311
                   80    82         2    0.17    324       68     81
                   98   113        15    0.96    381      138    139
          incl     99   105         6    1.75    448      177    187
                  121   122         1    0.45     31       21    114
                  124   125         1    0.34     32       14    108
                  127   128         1    0.42    110       43     65
                  136   153        17    0.89    167      110    104
          incl    137   147        10    1.28    172      127    114
LRC0426            43    44         1    0.04    503       86    132
                   64    66         2    0.21    220       72     71
                  101   123        22    1.09    249      102    134
          incl    106   120        14    1.52    268      107    118
                  141   156        15    0.73    402      249    168
          incl    151   155         4    1.47    341      234    179
LRC0427            50    51         1    0.13    260       50    114
                   65    66         1    0.18    829      200    300
                   80    82         2    0.18    820      165    168
          incl     81    82         1    0.10   1431      243    170
                  113   125        12    0.96    325      153    141
          incl    118   123         5    1.36    247      146    125
          and     123   124         1    0.35   1431      515    264
                  164   174        10    1.76    338      167    191
LRC0451            67    68         1    0.03    614       93     99
                  131   133         2    0.10    286      140    109
                  133   154        21    0.98     87      106     54
          incl    134   147        13    1.23     91      110     53
                  157   161         4    0.27    260      138     91
LRC0452            67    68         1    0.10    215       36    122
                   98    99         1    0.11    411      129    122
                  106   107         1    0.32    112       21    114
                  118   119         1    0.34      4        7     67
                  127   142        15    1.17     73       85     64
          incl    130   139         9    1.49     70       89     58
LRC0453            67    69         2    0.48     41       40    218
                   72    78         6    0.40    123       64    124
                   78    79         1    0.03    294      193     69
                  112   123        11    0.55     30       31     59
          incl    114   115         1    1.36    115      122     71
                         From            To    Interval        Li2O       Ta2O5       Nb2O5        SnO2
  Hole ID
                            m            m           m            %        ppm         ppm         ppm
                          176           178          2         0.07         507         111           88
                          219           222          3         0.41          43          50           86
  LRC0454                  70            71          1         0.03         209          43           72
                          128           129          1         0.25         168          86           51
                          129           157         28         1.49          54          70           51
               incl       129           154         25         1.63          51          70           49
               incl.      132           134          2         4.27          27          40           59
               and        138           139          1         2.04          63         114           57
               and        144           147          3         2.01          41          77           58
  LRC0455                  25            28          3         0.10         418          90         102
  LRC0456                  69            70          1         0.02         177          29         160
                          134           172         38         1.38          84          91          55
               incl       146           148          2         2.98         393         294          97
                          173           174          1         0.25         466         100         202
  LRC0457                  22            24          2         0.05         451         172         123
                          145           146          1         0.05         153         114          37
                          147           153          6         1.19          77          79          46
                          149           151          2         2.01          99          79           55
  LRC0501                 146           148          2         0.06         538          83         243
  LRC0551                  55            56          1         0.02         383         129         389
                           58            59          1         0.02         581         129         323
  LRC0552                  72            73          1         0.41         131          50         414

Notes
    1)   Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
    2)   No significant intercepts in holes LRC0330, LRC0359, LRC0364 and LRC0370, LRC0341
    3)   LRC0351, LRC0352, LRC0353, LRC0354, LRC0355, LRC0356, LRC0357, LRC0358 returned significant intercepts from tailings
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.
 Criteria        JORC Code Explanation                                    Commentary
 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.




 Data spacing    Data spacing for reporting of Exploration Results.       Drilling has been conducted on an 80m x 80m
 and                                                                      grid.
 distribution    Whether the data spacing and distribution is
                 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.
Criteria      Explanation                               Commentary

                                                        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.
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 1 and 2 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 2represent the aggregation
              stated.                                   of the intercepts containing samples of at least 0.3% Li2O
Criteria           Explanation                               Commentary
                   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.
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: 25/05/2017 09:15:00 Supplied by www.sharenet.co.za                     
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