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Tawana Resources Nl - Significant High-grade Lithium Discoveries

Release Date: 02/08/2017 09:20:00      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?)


Significant High-Grade Lithium Discoveries

Tawana Resources NL (ASX: TAW) (Tawana or the Company) and Alliance Mineral Assets
Limited (SGX:AMA) (AMAL) are pleased to announce that extensional step-out drilling at the
Bald Hill project, Western Australia has yielded several significant lithium and tantalum discoveries.
The discoveries are likely to add significantly to the current Resource base.

Highlights

- New zone of high-grade pegmatites discovered south of Boreline pits, starting close to surface.
  Significant results include:

  -   6m at 1.79% Li2O from 31m, in water monitoring RC hole GMB03;
  -   8m at 1.29% Li2O from 54m, 5m at 1.34% Li2O from 114m and 5m at 1.71% Li2O from
      138m in LRC0594;
  -   13m at 1.24% Li2O from 56m in LRC0609;
  -   12m at 1.55% Li2O from 70m incl. 7m at 2.05% Li2O in LRC0611; and
  -   15m at 1.52% Li2O from 87m incl. 8m at 1.79% Li2O in LRC0612.

  The mineralised pegmatites remain open to the south east.

- Extensional drilling continues to expand on existing Resource footprint. Significant intercepts
  include:
  -   22m at 1.09% Li2O from 97m in LRC0663;
  -   21m at 1.12% Li2O from 109m incl. 8m at 1.72% Li2O in LRC0464;
  -   20m at 1.27% Li2O from 93m incl. 1m at 3.00% Li2O and 6m at 1.99% Li2O in LRC0465;
  -   6m at 1.99% Li2O from 34m in LRC0520; and
  -   10m at 0.93% Li2O from 135m and 15m at 1.35% Li2O from 153m incl. 11m at 1.64% Li2O in
      LRC0432.

- Wide spaced deep drilling has confirmed that the interpreted large SE pegmatite continues below
  the starter pit and contains high-grade lithium and tantalum. Significant results include:
  - 6.7m at 2.38% Li2O and 346ppm Ta2O5 from 136.2m in LRCD308;
  - 19.9m at 1.28% Li2O from 194m incl. 13m at 1.67% Li2O in LRCD0557;
  - 10m at 1.74% Li20 and 356ppm Ta2O5 from 240m incl. 1m at 4.66% Li2O and 2,043ppm Ta2O5
    in LRC651; and
  - 5.7m at 1.66% Li2O from 258m incl. 4m at 1.97% Li2O in LRCD0096.

- Highly anomalous lithium intercept in water bore RC drilling 3.6km to the north of the resource
  area:
  -   4m at 0.71% Li2O from 91m incl. 1m at 1.76% Li2O and 6m at 0.96% Li2O from 121m including
      2m at 1.84% Li2O in KCBPB05;

Tawana Resources Managing Director Mark Calderwood stated: ?The footprint of the lithium and
tantalum mineralised pegmatites has been expanded significantly in the last two months with
exciting discoveries to the south east of the Boreline pits and below the starter pit.
The results are expected to add significantly to Inferred Resources and the current focus is on infill
drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation
of a Resource and Reserve upgrade in October.
We remain on track to become Australia?s next lithium producers with our first shipment planned
for the first quarter of 2018.?

Recent Drilling

A further 96 exploration Reverse Circulation and Diamond drill holes totalling 14,819m were completed
between 16 May and 15 July 2017. Assays have been received for 123 holes since the May drilling update
(refer ASX announcement dated 25 May 2017 / SGX announcement dated 24 May 2017). Recent intercepts
are summarised in Tables 1 and 2 in Appendix B.

A new zone of high-grade pegmatites was discovered south of Bore Line pits, starting close to surface.
The mineralised pegmatites remain open to the south east. Significant results included:

-   6m at 1.79% Li2O from 31m, in water monitoring RC hole GMB03;
-   8m at 1.29% Li2O from 54m, 5m at 1.34% Li2O from 114m and 5m at 1.71% Li 2O from138m in
    LRC0594;
-   13m at 1.24% Li2O from 56m in LRC0609;
-   12m at 1.55% Li2O from 70m incl. 7m at 2.05% Li2O in LRC0611; and
-   15m at 1.52% Li2O from 87m incl. 8m at 1.79% Li2O in LRC0612.

Extensional drilling has expanded the existing Resource footprint. Significant intercepts included:
-   35m at 0.9% Li2O from 97m including 22m at 1.09% Li2O in LRC0663;
-   21m at 1.12% Li2O from 109m incl. 8m at 1.72% Li2O in LRC0464;
-   20m at 1.27% Li2O from 93m incl. 1m at 3.00% Li2O and 6m at 1.99% Li2O in LRC0465;
-   6m at 1.99% Li2O and from 34m incl. 1m at 5.05% Li2O in LRC0520;
-   10m at 0.93% Li2O from 135m and 15m at 1.35% Li2O from 153m incl. 11m at 1.64% Li2O in LRC0432;
    and
-   3m at 1,295ppm Ta2O5 from 110m, 15m at 1.11% Li2O from 114m incl. 7m at 1.56% Li2O in LRC0441.

Infill drilling returned significant intercepts as expected, including:
-   14m at 1.37% Li2O from 76m in water bore exploration RC hole KCBPB01;
-   6m at 1.50% Li2O from 39m in water bore exploration RC hole KCBPB02;
-   6m at 1.57% Li2O from 57m in water bore exploration RC hole KCBPB03;
-   14m at 1.19% Li2O from 132m in LRC0463;
-   23m at 1.00% Li2O from 140m incl. 8m at 1.36% Li 2O in LRC0435;
-   16m at 1.35% Li2O and 212ppm Ta205 from 118m in LRC0619; and
-   17m at 2.04% Li2O and 406ppm Ta2O5 from 95m incl. 2m at 5.64% Li2O, and 4m at 1.48% Li2O from
    141m in LRC0620.

Wide spaced deep drilling has confirmed that the interpreted large SE pegmatite continues below the
starter pit and contains high-grade lithium and tantalum. Significant results include:

-   6.7m at 2.38% Li2O and 346ppm Ta2O5 from 136.2m in LRCD308;
-   19.9m at 1.28% Li2O from 194m incl. 13m at 1.67% Li2O in LRCD0557;
-   10m at 1.74% Li20 and 356ppm Ta2O5 from 240m incl. 1m at 4.66% Li2O and 2,043ppm Ta2O5 in LRC651;
    and
-   5.7m at 1.66% Li2O from 258m incl. 4m at 1.97% Li2O in LRCD0096.

Highly anomalous lithium intercept in water bore RC drilling 3.6km to the north of the resource area
highlighting the broader exploration potential:

    -   4m at 0.71% Li2O from 91m incl. 1m at 1.76% Li2O and 6m at 0.96% Li2O from 121m including 2m at
        1.84% Li2O in KCBPB05;

The current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources, which reported
to scoping level pit optimisations, to Indicated Resources, in preparation of a Resource and Reserve
upgrade in October. The October Resource upgrade will also take into account additional Inferred
resources which are the result of drilling completed after 10 May 2017; the cut-off date for the current
Resource estimate.

The number of drill rigs has been reduced to one until peak construction accommodation requirements
have passed later this year.

Construction

With all environmental approvals finalised, EPC contractor Primero has mobilised to site and commenced
construction. Regular construction updates will be provided by Tawana and AMAL.

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.

2 August 2017

Sponsor

PricewaterhouseCoopers Corporate Finance Proprietary Limited

Appendix B

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

              Easting   Northing      RL   Depth                         From       To    Width   Pegmatite
Hole ID            m          m       m       m    Azm   Dec.    Type       m       m        m    Type
GMB02        422467     6511874    276.0    48     0     -90    RC          0        7        7   barren
GMB03        422345     6511653    272.6    48     0     -90    RC         30       48       18   Li, Ta
GMB04        422217     6511572    271.6    48     0     -90    RC         42       44        2   Li, Ta
KCBPB01      422058     6512040    277.6    96     0     -90    RC         33       35        2   Ta
                                                                           39       42        3   Li, Ta
                                                                           76       90       14   Li, Ta
KCBPB02      421705     6512721    288.2   143     0     -90    RC         38       47        9   Li, Ta
                                                                           61       69        8   Li, Ta
                                                                           70       77        7   Ta
KCBPB03      421746     6512759    289.1   168     0     -90    RC         37       43        6   Li, Ta
                                                                           55       67       12   Li, Ta
                                                                          143      147        4   Li, Ta
KCBPB05      420625     6516401    320.2   150     0     -90    RC         73       97       24   Li
                                                                          121      128        7   Li
LDD0005      421838     6512359    284.7   174.8   95    -59    DD       46.26    49.34    3.08   Li, Ta
                                                                         65.25    66.52    1.27   Ta
                                                                        109.25   119.98   10.73   Li, Ta
                                                                         150.1   158.83    8.73   Li, Ta
LDD0006      421877     6512679    291.3   67.9    87    -60    DD       25.19    32.95    7.76   Li, Ta
                                                                         33.13    37.19    4.06   Li, Ta
                                                                         39.53       41    1.47   Li
                                                                            49    51.76    2.76   Ta
                                                                          52.5    55.63    3.13   Ta
LRC0344      422084     6512122    278.8   205     90    -60    RC         90       91        1   Li
LRC0428      421682     6512240    282.8   151     90    -60    RC         27       30        3   Ta
                                                                           38       40        2   Ta
                                                                           68       70        2   Ta
                                                                           87      102       15   Li, Ta
                                                                          115      135       20   Li, Ta
LRC0429      421643     6512241    282.8   181     90    -60    RC         33       35        2   Ta
                                                                           52       55        3   Li
                                                                           88       90        2   Ta
                                                                           96      110       14   Li, Ta
                                                                          131      142       11   Li, Ta
LRC0430      421560     6512238    282.3   126     90    -60    RC         65       69        4   Ta
                                                                           96       98        2   Ta
LRC0431      421594     6512237    282.4   181     90    -60    RC         63       65        2   Ta
                                                                          100      102        2   Ta
                                                                          119      130       11   Li, Ta
                                                                          144      153        9   Li
LRC0432      421559     6512200    281.9   181     90    -60    RC         70       72        2   Ta
                                                                          133      146       13   Li, Ta
                                                                          152      169       17   Li, Ta
LRC0433      421564     6512158    281.4   216     90    -60    RC         95       99        4   Ta
                                                                          126      130        4   Ta
                                                                          138      154       16   Li, Ta
                                                                          162      167        5   Li
LRC0434    6512081      421879     277.8   222     90    -60    RC          5        8        3   Ta
           Easting   Northing       RL   Depth                        From     To   Width   Pegmatite
Hole ID         m          m        m       m    Azm   Dec.    Type      m     m       m    Type
                                                                         68    74       6   Ta
                                                                        168   171       3   Ta
                                                                       187    194       7   Li, Ta
                                                                       206    207       1   Ta
LRC0435   421803     6512079    278.3    216     90    -60    RC         2      4       2   Ta
                                                                       136    164      28   Li, Ta
                                                                       186    190       4   Li, Ta
                                                                       194    196       2   Ta
LRC0436   421720     6512077    279.5    204     90    -60    RC        27     28       1   Ta
                                                                        97    102       5   Ta
                                                                       118    140      22   Li, Ta
                                                                       148    160      12   Li, Ta
LRC0437   421633     6512076    281.6    198     90    -60    RC        72     74       2   Ta
                                                                       106    118      12   Li, Ta
                                                                       128    158      30   Li, Ta
                                                                       174    183       9   Li, Ta
LRC0438   421551     6512076    280.9    200     90    -60    RC       116    130      14   Li, Ta
                                                                       131    135       4   Li, Ta
                                                                       151    163      12   Li, Ta
                                                                       167    169       2   Li
                                                                       183    190       7   Li, Ta
LRC0439   422081     6511839    274.1    168     90    -60    RC       116    125       9   Li, Ta
LRC0440   421999     6511840    273.8    162     90    -60    RC       123    138      15   Li, Ta
                                                                       139    143       4   Ta
LRC0441   422160     6511839    274.2    156     90    -60    RC       110    131      21   Li, Ta
LRC0442   422380     6511842    275.6    174     0     -90    RC        98    107       9   Li, Ta
LRC0444   422451     6511841    275.6    252     0     -90    RC        99    102       3   Ta
                                                                       105    111       6   Li
                                                                       118    123       5   Ta
                                                                       168    184      16   Ta
LRC0445   421919     6511839    273.7    192     90    -60    RC       115    139      24   Li, Ta
                                                                       140    141       1   Ta
LRC0446   421841     6511838    274.2    186     90    -60    RC         9     11       2   Ta
                                                                       107    110       3   Ta
                                                                       125    126       1   Ta
                                                                       128    144      16   Li, Ta
                                                                       156    162       6   Li, Ta
                                                                       172    173       1   Ta
LRC0447   422348     6511758    274.4    160     0     -90    RC        12     18       6   Ta
                                                                       128    132       4   Li, Ta
LRC0448   422359     6511679    272.8    168     0     -90    RC        28    36        8   Li, Ta
LRC0449   422278     6511598    271.5    252     0     -90    RC        17     26       9   Li, Ta
                                                                       198    203       5   Li, Ta
LRC0450   422360     6511600    272.1     72     0     -90    RC        35    41        6   Li, Ta
LRC0458   422402     6512284    282.4    179     0     -90    RC       158    160       2   Li
                                                                       161    170       9   Ta
                                                                       172    173       1   Ta
LRC0459   422435     6512358    282.9    216     0     -90    RC       192    199       7   Li
LRC0460   422360     6512360    284.9    162     0     -90    RC        34     37       3   Ta
                                                                       134    144      10   Li, Ta
LRC0461   422276     6512360    286.9    144     0     -90    RC        14     19       5   Li
                                                                       114    130      16   Li, Ta
LRC0462   422315     6511921    276.1    175     0     -90    RC        85     88       3   Li
                                                                       140    154      14   Li, Ta
                                                                       160    167       7   Li, Ta
           Easting   Northing       RL   Depth                          From     To   Width   Pegmatite
Hole ID         m          m        m       m    Azm    Dec.     Type      m     m       m    Type
LRC0463   422238     6511922    275.6    235      0    -90     RC          86    89       3   Ta
                                                                          112   117       5   Li, Ta
                                                                          130   147      17   Li
                                                                          212   218       6   Li, Ta
LRC0464   422161     6511919    275.3    282      0    -90     RC        109    133      24   Li, Ta
                                                                         142    150       8   Li, Ta
LRC0465   422080     6511921    275.0    169      0    -90     RC          0      7       7   Ta
                                                                          93    113      20   Li, Ta
LRC0466   422000     6511920    275.1    169      0    -90     RC         82     85       3   Ta
                                                                         111    139      28   Li, Ta
LRC0467   421923     6511920    275.1    168      0    -90     RC         98    113      15   Li, Ta
                                                                         130    146      16   Li, Ta
LRC0469   422052     6511596    272.6    210      0    -90     RC        201    202       1   Li
LRC0473   422284     6512757    297.4    204      0    -90     RC          6     8        2   Ta
LRC0478   421480     6512279    281.9    186     90    -60     RC         90    110      20   Li, Ta
                                                                         152    168      16   Li, Ta
LRC0479   421395     6512277    280.7    204     90    -60     RC        108    112       4   Li, Ta
                                                                         119    147      28   Ta
                                                                         190    192       2   Ta
LRC0480   421399     6512201    280.2    210     90    -60     RC        126    132       6   Li, Ta
                                                                         162    164       2   Ta
LRC0481   421480     6512119    280.3    192     90    -60     RC        120    131      11   Li, Ta
                                                                         153    163      10   Li, Ta
                                                                         175    176       1   Li
                                                                         178    180       2   Ta
LRC0482   421400     6512118    279.7    180     90    -60     RC          1      7       6   Ta
                                                                         131    137       6   Li, Ta
                                                                         166    168       2   Ta
LRC0483   421481     6512036    279.7    180     90    -60     RC         50     51       1   Ta
                                                                         115    120       5   Li, Ta
                                                                         124    127       3   Li, Ta
                                                                         132    138       6   Li, Ta
                                                                         139    140       1   Ta
                                                                         151    158       7   Li, Ta
LRC0484   421400     6512039    279.1    168     90    -60     RC          5      8       3   Ta
                                                                         150    152       2   Ta
LRC0485   421478     6512200    281.1    192     90    -60     RC        103    112       9   Li, Ta
                                                                         114    115       1   Ta
                                                                         152    158       6   Li, Ta
                                                                         167    175       8   Li, Ta
LRC0486   421797     6512519    295.9    180     270   -60     RC         26     27       1   Ta
                                                                          74     83       9   Li, Ta
                                                                         102    109       7   Li, Ta
                                                                         123    129       6   Li, Ta
LRC0506   420479     6512598    283.8    84       0    -90     RC         21    25        4   Ta
LRC0507   420394     6512598    284.4    168      0    -90     RC         37    38        1   Ta
LRC0509   420239     6512598    286.0    90       0    -90     RC         19    24        5   Ta
LRC0518   421199     6512362    283.0    66       0    -90     RC         21     29       8   Ta
                                                                         109    120      11   Li, Ta
LRC0520   421199     6512280    280.2    132      0    -90     RC         33    40        7   Li
LRC0521   421202     6512202    289.0    186      0    -90     RC         49    55        6   Li, Ta
LRC0523   421123     6512119    279.0    120      0    -90     RC         45    52        7   Li, Ta
LRC0524   421120     6512199    279.4    100      0    -90     RC         62    66        4   Li
LRC0525   421119     6512281    279.7    120      0    -90     RC         42    47        5   Ta
           Easting   Northing      RL   Depth                        From   To    Width   Pegmatite
Hole ID         m          m       m       m    Azm   Dec.    Type      m   m        m    Type
LRC0526   422202     6512357    287.3   156      0    -90    RC        21   31       10   Ta
                                                                       77   79        2   Ta
                                                                       94   99        5   Ta
LRC0527   422240     6512405    288.3   160      0    -90    RC        12    42      30   Li, Ta
                                                                       63    75      12   Ta
                                                                       77    79       2   Ta
                                                                      108   110       2   L
                                                                      121   125       4   Ta
                                                                      128   129       1   Ta
LRC0528   422319     6512402    286.5   200      0    -90    RC        39    41       2   Ta
                                                                       94    95       1   Ta
                                                                      129   141      12   Li, Ta
LRC0529   422129     6512354    286.0   200      0    -90    RC         7    11       4   Ta
                                                                       34    42       8   Li, Ta
                                                                       60    65       5   Li, Ta
                                                                       91    97       6   Li, Ta
                                                                      126   128       2   Ta
                                                                      176   189      13   Ta
LRC0530   422159     6512359    286.7   300      0    -90    RC        17    29      12   Ta
                                                                       38    60      22   Li, Ta
                                                                       82   101      19   Li, Ta
                                                                      115   116       1   Ta
                                                                      140   144       4   Li
LRC0531   422279     6512480    289.0   222     270   -60    RC        19    28       9   Ta
                                                                       78    82       4   Li
                                                                      116   122       6   Ta
LRC0532   422317     6512479    288.1   162      0    -90    RC        51    55       4   Ta
                                                                      143   148       5   Ta
LRC0535   422280     6512559    291.2   162     270   -60    RC         0    10      10   Ta
                                                                      101   110       9   Ta
LRC0544   421674     6513076    288.3   250      0    -90    RC        27    32       5   Ta
                                                                       92    96       4   Ta
                                                                      108   120      12   Li, Ta
                                                                      145   155      10   Li, Ta
                                                                      184   188       4   Ta
LRC0545   421598     6513080    286.7   186      0    -90    RC       106   113       7   Li, Ta
                                                                      123   132       9   Li, Ta
                                                                      143   151       8   Li, Ta
                                                                      157   163       6   Li, Ta
                                                                      166   171       5   Ta
LRC0546   421523     6513079    285.6   204      0    -90    RC       117   123       6   Ta
                                                                      139   144       5   Li, Ta
                                                                      150   152       2   Li
                                                                      179   195      16   Li, Ta
LRC0547   421628     6513234    287.0   162      0    -90    RC         8    9        1   Ta
LRC0548   421478     6513237    285.4   174      0    -90    RC       156   160       4   Li, Ta
LRC0549   421767     6512563    296.4   162     270   -60    RC        17    18       1   Ta
                                                                       82    87       5   Li, Ta
                                                                      115   123       8   Li, Ta
                                                                      135   143       8   Li, Ta
LRC0550   421759     6512606    296.4   156     270   -60    RC        38    40       2   Ta
                                                                       71    78       7   Li, Ta
                                                                      103   111       8   Li, Ta
                                                                      132   136       4   Li
LRC0554   421363     6512920    283.3   126      0    -90    RC        93   103      10   Li
           Easting   Northing      RL   Depth                        From   To    Width   Pegmatite
Hole ID         m          m       m       m    Azm   Dec.    Type      m   m        m    Type
LRC0555   421521     6512998    285.7   97       0    -90    RC        50   54        4   Ta
LRC0558   422571     6512200    278.7   258     270   -60    RC       219   242      23   Li
LRC0565   422720     6512198    278.4   148      0    -90    RC        52   54        2   Ta
LRC0566   422599     6511800    274.6   296      0    -90    RC       174   179       5   Ta
LRC0574   421836     6511400    273.7   150      0    -90    RC        12   17        5   Ta
LRC0588   421838     6511801    273.9   192     90    -60    RC       108   113       5   Ta
                                                                      128   143      15   Li, Ta
                                                                      161   168       7   Li, Ta
LRC0589   421760     6511800    274.6   216     90    -60    RC         1    10       9   Ta
                                                                       28    29       1   Ta
                                                                      123   145      22   Li, Ta
                                                                      156   162       6   Ta
LRC0590   421677     6511800    275.3   216     90    -60    RC        47    48       1   Ta
                                                                      143   154      11   Ta
                                                                      156   165       9   Li, Ta
                                                                      195   200       5   Li, Ta
LRC0591   421598     6511800    276.5   216     90    -60    RC       174   186      12   Ta
LRC0592   421519     6511802    278.2   264     90    -60    RC       113   116       3   Ta
                                                                      125   127       2   Ta
                                                                      146   147       1   Ta
                                                                      164   165       1   Ta
                                                                      239   247       8   Ta
LRC0593   422438     6511360    271.1   162      0    -90    RC        22    25       3   Li
                                                                       47    49       2   Ta
                                                                       54    55       1   Li
                                                                       59    62       3   Li, Ta
                                                                      101   104       3   Li
LRC0594   422599     6511440    271.7   162      0    -90    RC        54    62       8   Li
                                                                      113   124      11   Li, Ta
                                                                      137   146       9   Li
LRC0595   422515     6511361    272.2   156      0    -90    RC        19    30      11   Li, Ta
                                                                       63    66       3   Ta
                                                                      111   120       9   Li, Ta
LRC0596   422597     6511361    271.1   192      0    -90    RC        62    79      17   Li
                                                                      130   144      14   Li, Ta
LRC0602   422360     6511519    271.2   72       0    -90    RC        43   50        7   Li, Ta
LRC0603   422399     6511441    271.0   100      0    -90    RC        52   58        6   Li, Ta
                                                                       69   70        1   Ta
LRC0604   422239     6511441    271.1   120      0    -90    RC        77   79        2   Ta
LRC0605   422531     6511835    275.1   90       0    -90    RC         0    2        2   Ta
LRC0606   422530     6511759    274.3   80       0    -90    RC         0    2        2   Ta
                                                                        8   13        5   Ta
LRC0607   422438     6511596    271.9   80       0    -90    RC        35   39        4   Li
                                                                       49   55        6   Li, Ta
                                                                       58   62        4   Li, Ta
LRC0608   422437     6511518    271.3   100      0    -90    RC        33   40        7   Li, Ta
                                                                       57   60        3   Li
                                                                       66   70        4   Li
                                                                       82   85        3   Li, Ta
LRC0609   422516     6511598    272.6   100      0    -90    RC        56   75       19   Li, Ta
                                                                       76   85        9   Li
LRC0610   422597     6511599    273.3   160      0    -90    RC        39   47        8   Ta
                                                                       60   71       11   Li, Ta
LRC0611   422518     6511519    272.0   246      0    -90    RC        40   43        3   Ta
            Easting   Northing      RL   Depth                         From       To    Width   Pegmatite
Hole ID          m          m       m       m    Azm   Dec.    Type       m       m        m    Type
                                                                          70      82       12   Li
                                                                          85      90        5   Li, Ta
                                                                        101      103        2   Ta
LRC0612    422597     6511520    272.3   108      0    -90    RC         83      108       25   Li, Ta
LRC0613    422444     6511680    273.0   150      0    -90    RC         27       52       25   Li, Ta
LRC0614    422518     6511680    273.2    90      0    -90    RC         35       47       12   Li, Ta
LRC0615    422517     6511440    271.8   126      0    -90    RC         52       55        3   Li
                                                                         85       86        1   Li
                                                                        104      108        4   Li, Ta
                                                                        110      115        5   Li, Ta
LRC0616    421962     6512120    278.7   126     90    -60    RC         96       99        3   Li
LRC0617    421879     6512119    278.6   144     90    -60    RC        123      135       12   Li, Ta
LRC0618    421799     6512120    278.9   175     90    -60    RC        147      164       17   Li, Ta
                                                                        166      168        2   Li
LRC0619    421723     6512121    281.0   156     90    -60    RC          9       12        3   Ta
                                                                         26       27        1   Ta
                                                                         62       63        1   Ta
                                                                         96      101        5   Li, Ta
                                                                        102      110        8   Li, Ta
                                                                        115      136       21   Li, Ta
                                                                        145      152        7   Ta
LRC0620    421640     6512119    281.5   187     90    -60    RC         46       47        1   Ta
                                                                         95      112       17   Li, Ta
                                                                        140      155       15   Li, Ta
                                                                        173      177        4   Li, Ta
LRC0621    421559     6512114    281.4   192     90    -60    RC         57       58        1   Ta
                                                                         95      101        6   Ta
                                                                        122      124        2   Ta
                                                                        126      128        2   Li, Ta
                                                                        149      154        5   Li, Ta
                                                                        162      171        9   Li, Ta
LRC0651    421716     6512673    292.9   264     270   -60    RC          0        3        3   Ta
                                                                         61       66        5   Li, Ta
                                                                         93      102        9   Li, Ta
                                                                        113      115        2   Li
                                                                        240      252       12   Li, Ta
LRC0663    422307     6511840    276.1   150      0    -90    RC         97      137       40   Li, Ta
LRCD0038   421310     6512001    278.3   330.3    0    -90    RC/DD    293.7   302.64    8.94   Li, Ta
                                                                       306.5   311.97    5.47   Li
LRCD0079   421520     6512599    283.6   186.2   90    -60    RC/DD     160    161.21    1.21   barren
LRCD0096   421361     6512438    281.2   291      0    -90    RC/DD   136.36   138.43    2.07   barren
                                                                      139.77    141.8    2.03   Li, Ta
                                                                      256.81   263.69    6.88   Li
LRCD0151   421518     6512441    283.1   219.3   90    -60    RC/DD    141.5   144.76    3.26   Li, Ta
                                                                      169.76   175.66     5.9   Li, Ta
LRCD0173   421757     6512638    296.2   261.3    0    -90    RC/DD    91.66    96.93    5.27   Li
                                                                      203.35   205.73    2.38   Li, Ta
                                                                      206.57   208.67     2.1   Ta
                                                                      227.42   229.81    2.39   Li, Ta
                                                                      237.75   245.32    7.57   Li, Ta
LRCD0308   421881     6512639    290.5   159.1    0    -90    RC/DD   136.16   142.85    6.69   Li, Ta
                                                                      144.22   146.92     2.7   Li, Ta
LRCD0408   422020     6512003    276.8   279.3    0    -90    RC/DD    216.2    223.5     7.3   Ta
                  Easting    Northing             RL   Depth                                   From        To   Width   Pegmatite
 Hole ID               m           m              m       m          Azm      Dec.     Type       m        m       m    Type
                                                                                              262.85   265.95     3.1   Li, Ta
 LRCD0455        422389     6512200       281.0        159.4          0       -90    RC/DD    127.86   139.05   11.19   Li, Ta
 LRCD0557        422581     6511998       277.2        287.6         270      -60    RC/DD    194.23    214.1   19.87   Li, Ta
                                                                                              223.34   224.65    1.31   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

 GMB02                no significant intercepts
 GMB03                         31           37                  6          1.79       227       155      124
                               37           39                  2          0.20       270        86       81
 GMB04                         42           43                  1          0.07       305        79      128
 KCBPB01                       33           34                  1          0.12       305       122      156
                               39           42                  3          0.43       193        67      237
                               76           90                 14          1.37       165        95      100
               incl            78           80                  2          2.38        62        83       83
               and             83           88                  5          2.01       124        86       86
 KCBPB02                       39           45                  6          1.50       123        60      168
               incl            39           43                  4          2.07       178        89      205
                               62           63                  1          0.04       394       143      472
                               64           65                  1          0.67        57        79       67
                               66           73                  7          0.30       176        68      230
 KCBPB03                       37           41                  4          0.24       275        84      214
                               57           63                  6          1.57       107        67      190
                              143          146                  3          0.37       339       103      121
 KCBPB05                       81           83                  2          0.46        33        50       36
                               91           95                  4          0.71        59       102       63
               incl            93           94                  1          1.76        66       100       64
                              121          127                  6          0.96        46        91       57
               incl           122          124                  2          1.84        79       129       93
 LDD0005                    46.26        49.34                 3.1         1.23       313       142      180
                              110          112                 2.0         1.16       182       132      149
                              115          116                 1.0         0.53        41        79       66
                              118          119                 1.0         0.80       256       122      121
                              155          158                 3.0         0.56       150        67      103
 LDD0006                    25.19           28                 2.8         2.95       462       201      442
                               31        32.95                 2.0         0.90       239        83      120
                               34           36                 2.0         0.67       148        64      175
 LRC0344                       90           91                  1          0.50        43        21      169
 LRC0428                       28           29                  1          0.03      1017       136      236
                               38           40                  2          0.15       407       122      154
                               68           69                  1          0.09       159        50       75
                               88          102                 14          0.94       210       109      111
               incl            90           98                  8          1.32       236       133      133
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
                  116   134        18    0.39    265     143     129
          incl    129   130         1    1.36    137      79     116
LRC0429            33   34          1    0.18    175      29     152
                   53   54          1    0.35    103      50     246
                   88    89         1    0.20    173      72     174
                   96   110        14    0.83    145      94     151
          incl     97   105         8    1.19    156     119     156
                  132   142        10    0.91    212     120     102
          incl    136   140         4    1.65    248     147     149
LRC0430            66   68          2    0.13    750     337     210
                   96   97          1    0.18    190      43     175
LRC0431            64   65          1    0.03    389      93      65
                  100   101         1    0.14    388      93     177
                  119   129        10    1.13    119     100     118
          incl    121   128         7    1.38    130     106     132
                  146   152         6    0.97     99      75      96
          incl    148   151         3    1.56    114      93     136
LRC0432            70    71         1    0.19    223      79      85
                  135   145        10    0.93    125      96     119
          incl    136   141         5    1.21     94      96     122
                  153   168        15    1.35    115      98      93
          incl    155   166        11    1.64    118     100      91
LRC0433            97   98          1    0.03    179      93      65
                  127   128         1    0.03    201     129      85
                  138   154        16    0.75    154     105     109
          incl    148   152         4    1.24    129     117     105
                  162   165         3    0.85    110      98      71
LRC0434             7    8          1    0.07    190      43      80
                   69   72          3    0.02    181     117      79
                  148   152         4    0.43    172      82     120
                  168   170         2    0.12    182      61      94
                  187   188         1    0.43    133      72     248
                  188   194         6    0.07    279     113     111
                  206   207         1    0.19    641     114     145
LRC0435             2    3          1    0.08    156      50      75
                  137   138         1    0.17    154      57     135
                  140   163        23    1.00    106     105     106
          incl    143   144         1    1.63    269     157     151
          and     149   157         8    1.36     74     110      73
          and     161   162         1    1.75     68      86      89
                  186   187         1    0.34     67      36     122
                  187   189         2    0.05    502     172     112
                  195   196         1    0.18    413     293     513
LRC0436            27   28          1    0.10    287     107      70
                   99   100         1    0.22    164      50     102
                  118   139        21    0.81    207      92     115
          incl    126   133         7    1.59    251     123     136
                  148   156         8    0.87    157      89     125
          incl    152   156         4    1.47    119      93     118
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
                  157   159         2    0.04    177     107      78


LRC0437            73    74         1    0.04    188      86      43
                  106   112         6    0.25    236      94      53
                  112   117         5    0.74    182      73     104
                  128   129         1    0.31     21      14     107
                  131   155        24    0.53    251     128     112
          incl    138   140         2    1.37    161     190      85
          and     143   144         1    1.64    195      79     316
                  177   181         4    0.98    111      93     104
                  181   182         1    0.08    154      93      51
LRC0438           117   133        16    0.78    171      82      92
          incl    125   128         3    1.57    176      84      94
                  133   134         1    0.20    206      86      74
                  152   163        11    0.87    206     129     110
          incl    155   158         3    1.77    137      83     117
                  167   169         2    0.35     79      39     119
                  184   187         3    1.81     88      88      74
          incl    184   186         2    2.51    114     108      95
                  187   188         1    0.14    195      86     165
LRC0439           116   121         5    0.70    197      86     172
          incl    118   119         1    1.40     71      79     166
                  123   124         1    0.05    590     129     124
LRC0440           124   133         9    0.71    163      85     125
          incl    124   127         3    1.06    200     114     134
                  133   136         3    0.11    165     102      99
                  140   142         2    0.04    206     111      83
LRC0441           110   113         3    0.11   1295     465     162
                  114   129        15    1.11     93      78     100
          incl    120   127         7    1.56     64      59      91
                  129   130         1    0.04    153      57     122
LRC0442           103   104         1    0.48     89     193     108
                  104   106         2    0.09    222     154      86
LRC0444            99   101         2    0.12    190      65     102
                  105   106         1    0.40     20      14     147
                  118   119         1    0.19    177      72      77
                  121   122         1    0.09    184     122      90
                  168   169         1    0.27    203     107     121
LRC0445           116   134        18    0.74    184      95     116
          incl    117   120         3    1.77    318     105     157
                  140   141         1    0.14    278      86      84
LRC0446             9   11          2    0.01    285      65     233
                  107   110         3    0.06    218     126      82
                  125   126         1    0.12    338     122     137
                  135   138         3    0.65    140     100      98
                  142   144         2    0.05    460     201     201
                  158   161         3    0.96    125     102     104
          incl    159   160         1    1.37    162     114     131
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm

                  172   173         1    0.12    790     129     145
LRC0447            15   18          3    0.04    208     124     162
                  128   130         2    0.32    241     133     145
LRC0448            28   30          2    0.49     43      58      60
                   32   33          1    0.06    170     107     210
                   34   36          2    0.47    131      97     122
LRC0449            19   20          1    0.21    199     129     138
                   20   22          2    0.74     85      93     135
                   24   25          1    0.07    181     136     137
                  198   202         4    0.79    184     113      80
LRC0450            35   36          1    0.42    208     172     170
LRC0458           158   160         2    0.95     50      61      58
                  164   165         1    0.03    165     114      24
                  172   173         1    0.22    153      50     132
LRC0459           193   194         1    0.60     85     100      80
                  195   196         1    0.45     79     107      67
LRC0460            35    36         1    0.01    327      93      57
                  135   140         5    1.15    113     117      55
                  142   143         1    0.46    282     122      88
LRC0461            16    17         1    0.71    111      86      71
                  114   120         6    1.07     75      84      74
                  121   122         1    0.08    203     100      30
                  123   129         6    0.75     96      81      47
          incl    124   126         2    1.44     68      72      51
LRC0462            85   86          1    0.40     15       7     126
                   87   88          1    0.30    159      43     127
                  140   141         1    0.09    209     107     102
                  141   150         9    0.70     89     103      51
          incl    146   147         1    1.30     60      86      48
                  162   165         3    0.35     85     143      49
                  166   167         1    0.10    160     143      65
LRC0463            87   88          1    0.07    153      57      86
                  114   115         1    0.17    392      72      64
                  115   117         2    0.33    114      47     120
                  132   146        14    1.19     77      93      59
                  215   217         2    0.34    605      65     357
LRC0464           109   130        21    1.12    114      81      91
          incl    111   113         2    1.79     66      82     120
          and     121   129         8    1.72     97      85      70
                  131   133         2    0.07    232     104      50
                  142   143         1    0.31     22      29      90
                  146   147         1    0.05    284     136     107
LRC0465             6     7         1    0.03    322      93    1881
                   93   113        20    1.27    126      78     100
          incl     94   95          1    3.00     48      43     293
          and      97   103         6    1.95     68      51      91
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
LRC0466            83    85         2    0.10    304      75     113
                  111   125        14    0.79    126      83      96
incl              116   120         4    1.68     84     100      90
                  127   135         8    0.07    391     140     106


LRC0467            98   110        12    0.75    276     140     137
          incl     99   101         2    1.24    233     151     109
          and     106   108         2    1.30    249     122     138
                  130   145        15    0.59    136      79     116
          incl    131   133         2    1.68    188     111     174
LRC0469           201   202         1    0.31     79      50     189
LRC0473             6    7          1    0.04    346      36     188
LRC0478            90   98          8    0.68    222     114     111
          incl     93    94         1    1.34    237     114     142
                  102   108         6    0.29    169     101     101
                  153   154         1    0.07    228     165     142
                  154   162         8    1.78    234     210     129
          incl    154   155         1    2.33    107     107     103
          and     156   160         4    2.42    326     308     175
                  162   165         3    0.08    440     286     178
LRC0479           108   112         4    1.26    148      84      88
                  120   121         1    0.03    272     114      85
                  146   147         1    0.03    492     436      25
                  190   191         1    0.03    153      86      61
LRC0480           126   128         2    0.52    235     101     117
                  130   131         1    0.04    346      93      85
                  162   163         1    0.25    204     157     156
LRC0481           120   122         2    0.03    292     115     125
                  124   131         7    0.69    226     111      97
          incl    124   127         3    1.30    114      81      79
                  153   158         5    0.42    227     221      87
          incl    157   158         1    1.20    216     408     126
                  158   161         3    0.55     59      74      55
                  161   162         1    0.08    786     487     173
                  175   176         1    0.44     22      14     301
                  178   180         2    0.02    377     179      63
LRC0482             6     7         1    0.01    230      86    1306
                  131   136         5    1.36    271     120     107
          incl    133   136         3    1.85    252     124     126
                  166   167         1    0.09    219     136      39
LRC0483            50    51         1    0.04    208      50      57
                  117   119         2    0.06    509     251      83
                  119   120         1    0.32     16      14      72
                  124   127         3    0.31    115      81     119
                  133   137         4    0.16    261     143     133
                  137   138         1    0.48     38      29     179
                  139   140         1    0.15    466     129     150
                  152   157         5    0.89    188      96      74
          incl    153   156         3    1.39    136      95      62
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm

LRC0484             7    8          1    0.01    601     293    1650
                  151   152         1    0.03    453      93     194
LRC0485           104   109         5    0.53    206     140     181
                  114   115         1    0.11    238     114      67
                  153   156         3    0.92     32      55      68
          incl    154   155         1    1.36     37      79      76
                  156   157         1    0.16    219      86     119
                  169   175         6    1.11     90      97      92
          incl    169   172         3    1.72     48      81      98
LRC0486            26   27          1    0.05    864     129     409
                   74   75          1    0.55     62      36     300
                   78   79          1    0.73     54      21      76
                   79    80         1    0.04    863     143     113
                  103   105         2    1.43    212     297     305
                  107   108         1    0.10    216      93     174
                  108   109         1    0.30     24      29     110
                  124   128         4    0.68    106      82      79
          incl    125   126         1    1.31     48      50      64
LRC0506            22   23          1    0.20    302     308     236
LRC0507            37   38          1    0.03    234      43     100
LRC0509            19   20          1    0.03    220      50      76
LRC0518            25   28          3    0.01    557     224      69
                  111   117         6    1.28     93     107     137
          incl    113   116         3    1.74    133     146     182
LRC0520            34   40          6    1.99     52      22     159
          incl     36   37          1    5.05     22       -5    362
          and      37   38          1    2.68    134      43     311
LRC0521            49   54          5    0.78    529     256     193
          incl     51   52          1    2.25    933     229     316
LRC0523            48   50          2    0.32    566     454     147
LRC0524            63   66          3    1.04    108      81     154
          incl     64   66          2    1.33    120      97     163
LRC0525            42   45          3    0.02    177      76     148
.                  24   27          3    0.02    358     112     118
                   77   79          2    0.14    342     136     181
                   98   99          1    0.12    300     122      95
LRC0527            17   18          1    0.08    199      57      74
                   18   22          4    0.34     32      23     154
                   24   26          2    0.04    272      65     151
                   26   38         12    0.57    122      93     116
          incl     27   28          1    1.52    109     107      83
                   39   40          1    0.20    168      64     197
                   64   66          2    0.09    341     100     167
                   71   75          4    0.07    245      97      84
                   78   79          1    0.08    256      43      38
                  109   110         1    0.31     17      14     127
                  121   124         3    0.12    301      98      99
                  128   129         1    0.09    299      79      48
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm

LRC0528            39   41          2    0.09    217      54     124
                   94    95         1    0.06    451      93     171
                  129   131         2    0.68     84      86      73
                  133   134         1    0.03    176     107      43
LRC0529             7    9          2    0.03    175      72      65
                   34   37          3    0.39    304     133     187
                   39   40          1    0.09    179      64     121
                   62   65          3    0.62    199     105     177
          incl     63   64          1    1.27    230     136     135
                   93   97          4    0.80    360     145      84
          incl     93   95          2    1.37    562     165     115
                  126   127         1    0.04    398      86      65
                  183   184         1    0.06    198     100     127
LRC0530            18   19          1    0.02    249     143      79
                   22   27          5    0.10    203     103     226
                   39   41          2    0.26    429      76     209
                   42   58         16    0.49    280     114     146
          incl     48   49          1    1.60    208      86     225
          and      54   56          2    1.72    289     158     166
                   82   83          1    0.14    194     114      89
                   83   93         10    0.50    119      84     111
                   97   98          1    0.09    178     136      62
                  115   116         1    0.16    255      79     145
                  140   141         1    0.38    143      86     495
LRC0531            21   24          3    0.06    277      74     144
                   79   81          2    1.11    131      97      76
LRC0532            52   53          1    0.03    387      64     177
                  144   145         1    0.03    270      86      84
LRC0535             1    2          1    0.04    479     114     217
                  102   105         3    0.03    197     114      55
LRC0544            30   31          1    0.04    398      64     339
                   92    93         1    0.06    613     100     221
                  110   116         6    0.38    331     131     168
          incl    111   112         1    1.71    162      64     224
                  148   150         2    0.27    195      90     149
                  184   185         1    0.08    153      43     138
LRC0545           106   112         6    0.34    365      88     170
          incl    108   109         1    1.09    211      93     147
                  128   129         1    0.33     16      21     157
                  129   130         1    0.18    173      79     112
                  145   146         1    0.44     27      29     197
                  147   149         2    0.15    353     211     213
                  158   160         2    0.74    189      72     162
                  167   170         3    0.04    220     112     105
LRC0546           119   121         2    0.03    206     100      70
                  140   143         3    0.07    155     112     130
                  143   144         1    0.33     83      57     245
                  151   152         1    0.56     27      21     320
                  181   182         1    0.05    297      79     338
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
                  183   193        10    0.97     74      63     217
          incl    184   187         3    1.75     65      88     248
                  193   195         2    0.14    282     144     168
LRC0547             8    9          1    0.03    886     114     606
LRC0548           157   159         2    0.69   1062     691     215
          incl    157   158         1    1.12   1214     801     215
LRC0549            17   18          1    0.05    287      43     104
                   82   85          3    0.18    202      64      85
                  115   120         5    0.62     70      56     152
                  120   121         1    0.29    176      86     194
                  135   139         4    0.66    227     141     190
          incl    138   139         1    1.51     81      64      76
LRC0550            38   40          2    0.08    397      43      99
                   71   72          1    0.44     57      64      71
                   73    74         1    0.15    276     107      41
                  103   108         5    1.16     69      64     126
                  110   111         1    0.27    211      79     185
                  132   135         3    0.68     92      74     130
LRC0554            93   101         8    0.75     51      31     111
LRC0555            51   52          1    0.14    154      29     191
LRC0565            53   54          1    0.07    405      57     118
LRC0566           174   175         1    0.03    182      50      42
                  178   179         1    0.02    448     129     196
LRC0558           219   238        19    0.96     57      86      53
          incl    221   228         7    1.39     55      86      41
          and     230   235         5    1.12     52      95      57
LRC0574            13   14          1    0.01    247     100     437
LRC0588           108   113         5    0.03    311     130      81
                  128   130         2    0.01    318     140      70
                  133   134         1    0.03    269     122      53
                  134   139         5    0.77    127     101      82
          incl    136   137         1    1.55    209     157      97
                  142   143         1    0.03    151      93      74
                  161   165         4    0.58     71      72      80
                  166   168         2    0.04    334     132      96
LRC0589             6    7          1    0.00    193      72     465
                   28    29         1    0.01    496     129      66
                  123   129         6    1.16    213     126     139
          incl    126   129         3    1.93    196     121     185
                  129   132         3    0.17    345     291     160
                  133   138         5    0.39     43      65      52
                  157   162         5    0.09    401     223     146
LRC0590            47   48          1    0.05    383     100     309
                  143   144         1    0.26    159      79     110
                  152   153         1    0.09    171     100      90
                  158   165         7    0.72    297     204     180
          incl    158   159         1    0.01    619     458      24
          and     159   162         3    1.50    303     215     301
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm

                  195   196         1    1.67    214     193     126
LRC0591           174   184        10    0.06    165      87      82
LRC0592           114   115         1    0.06    160      72     102
                  125   126         1    0.07    287     172      70
                  146   147         1    0.30    161      79     297
                  164   165         1    0.05    476     114      85
                  239   246         7    0.04    224     163      95
LRC0593            22   24          2    1.72     64     100      79
                   48   49          1    0.12    264     243     144
                   54   55          1    0.60      4      14     166
                   59   62          3    0.47    333     210     113
          incl     59   60          1    0.09    724     436     112
          and      61   62          1    1.20    212     136     127
                  101   102         1    0.40    147     114     119
LRC0594            54   62          8    1.29     80      89     104
          incl     55   56          1    2.68     82     100     102
                  113   114         1    0.24    204      93     114
                  114   121         7    1.13    130     109      89
          incl    114   119         5    1.34     90     103      72
                  138   145         7    1.34     41      81      41
          incl    139   144         5    1.71     47      92      45
LRC0595            19   28          9    0.43     51      38     101
                   64   65          1    0.19    195     114      79
                  111   112         1    0.17    397     265     138
                  112   118         6    1.29     88      82      80
LRC0596            62   63          1    0.55     65      86     206
                   67   74          7    0.33     72      76      77
                  131   138         7    1.36     88      85      77
                  138   139         1    0.12    654     157     154
LRC0602            44   48          4    0.49    252      77      94
          incl     46   47          1    1.77    117      57     146
LRC0603            52   54          2    0.50     59      36     106
                   54   58          4    0.16    449     182     124
          incl     55   56          1    0.03   1304     565     108
                   69   70          1    0.12    175     122     165
LRC0604            77   78          1    0.04    160      64      52
LRC0605             0    2          2    0.02    377      83     847
LRC0606             0    2          2    0.07    290      68     668
                    9   12          3    0.04    427     255     223
LRC0607            38   39          1    0.44     40      50     249
                   49   52          3    0.61    134     145      96
                   54   55          1    0.51     88      79     126
                   58   62          4    0.97    124      84     118
          incl     58   59          1    1.95    190     114     201
LRC0608            35   37          2    1.68    519     422     112
                   57   60          3    0.69     59      48     105
                   67   69          2    0.85     42      72      43
                   82   85          3    0.38    473     100     140
                 From   To    Interval   Li2O   Ta2O5   Nb2O5   SnO2
Hole ID
                    m   m           m       %    ppm     ppm     ppm
          incl     83   84          1    0.28   1004     186     203
LRC0609            56   69         13    1.24     90      85      80
                   69   70          1    0.18    172     143      85
                   72   79          7    0.32     47      39      38
                   82   84          2    1.22    134     151      43
LRC0610            44   45          1    0.09    643     193      88
                   60   64          4    0.75    121      97     124
          incl     62   63          1    1.60    160     150     154
                   66   71          5    0.83     95      84      85
          incl     66   68          2    1.51     60      93      76
LRC0611            41   42          1    0.09    306     107      91
                   70   82         12    1.55     74     100      64
          incl     71   78          7    2.05     69     124      59
                   85   88          3    0.38    182      65     174
                  101   102         1    0.12    186      29     390
LRC0612            87   102        15    1.52    102     103      82
          incl     88   96          8    1.79    106     115      79
                  102   103         1    0.28    735     114     337
LRC0613            30   43         13    0.79    146     108     140
          incl     31   33          2    1.43    204     136     127
          and      37   39          2    1.15    128     104      91
                   51   52          1    0.08    159      29      71
LRC0614            36   37          1    0.06    179      64      94
                   37   44          7    1.57     95      99      80
                   45   46          1    0.07    302     100     104
LRC0615            52   54          2    1.01    100      72     176
                   85    86         1    0.60     48     107      71
                  104   108         4    1.54    118      75     100
          incl    104   106         2    2.06    184     108     109
                  110   114         4    0.87    246     115     196
          incl    113   114         1    1.30    248     122     184
LRC0616            97   99          2    0.83     55      39     111
          incl     97   98          1    1.35     78      57     128
LRC0617           125   134         9    0.31    245     106     184
          incl    128   130         2    1.16    279     136     138
LRC0618           148   157         9    1.05     85      93     114
          incl    152   157         5    1.49     94     100     146
                  160   162         2    0.42    179     136     115
                  166   167         1    0.31     87      43     213
LRC0619             9   10          1    0.06    168      29      66
                   26   27          1    0.07    319      57      67
                   62   63          1    0.11    161      50      97
                   96   99          3    0.12    724     124     146
                   99   101         2    0.48     53      22     170
                  102   106         4    0.12    481     181      86
                  106   110         4    0.42     61      34     210
                  116   118         2    0.12    194      83      97
                  118   134        16    1.35    212     119     114
                            From          To       Interval       Li2O      Ta2O5      Nb2O5   SnO2
 Hole ID
                               m          m              m           %       ppm        ppm     ppm
               incl          121         122             1        2.01        170        79     164
               and           125         129             4        2.13        242       170     131
                             134         135             1        0.19        252       114      65
                             145         151             6        0.08        207       156     135
 LRC0620                      46          47             1        0.05        524       100     118
                              95         112            17        2.04        406       218     193
               incl           97          98             1        0.53       2078      1402     184
               and           109         111             2        5.64        106        50     373
                             141         145             4        1.48        144       118      85
                             146         152             6        0.49        225       104     137
                             174         177             3        0.43        112        62      60
 LRC0621                      57          58             1        0.08        302        86     199
                              96         100             4        0.05        346       175     107
                             123         124             1        0.17        219       100     152
                             126         128             2        0.52        233       101      90
                             150         154             4        0.76        162        81     189
               incl          150         151             1        1.23        176        72     126
                             162         169             7        0.96        179        99     109
               incl          163         164             1        1.54            73     64      69
               and           167         169             2        1.71        254       100     196
 LRC0651                       0           1             1        0.17        166        72     235
                              62          64             2        0.78        455       118     164
                              95          99             4        1.26            74     57     144
               incl           95          96             1        2.16            98     86     210
                              99         100             1        0.18        190        50     298
                             113         114             1        0.38        150        93      69
                             240         250            10        1.74        356       195     212
               incl          244         245             1        4.66       2043       930     610
                             250         252             2        0.08        199        93     143
 LRC0663                      97         132            35        0.91            80     73      93
               incl          103         125            22        1.09            78     75      97
 LRCD0038                    295         297           2.0        1.36        218       383      81
                             299         302           3.0        0.76        115       180      81
                           306.5         310           3.5        1.48            32     92      74
 LRCD0151                    170      175.66           5.7        0.90        167        87     132
 LRCD0173                     93          96           3.0        1.21            40     64      64
                             204         205           1.0        0.76        365        50     107
                             228      229.81           1.8        1.43        323       151     224
                             238         240           2.0        0.75        215       168     150
 LRCD0308                 136.16      142.85           6.7        2.38        342       149     225
                          144.22      146.92           2.7        1.18        131        62     130
 LRCD0408                    264         265           1.0        1.90            43     79      86
 LRCD0455                    128         138          10.0        1.39            63     89      61
 LRCD0557                 194.23       214.1          19.9        1.28            65     81      50
 LRCD0096                    258      263.69           5.7        1.66            59     81     133

Notes
    1)     Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
    2)     No significant intercepts in hole GMB02

Appendix C

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 1m crushed
                gamma sondes, or handheld XRF instruments, etc.).
                These examples should not be taken as limiting the      to 10mm. ? of crushed sample assayed as below,
                broad meaning of sampling.                              ? retained.

                Include reference to measures taken to ensure           Samples jaw crushed and riffle split to 2-2.5kg
                sample representivity and the appropriate               for pulverizing to 80% passing 75 microns.
                calibration of any measurement tools or systems
                used.
                                                                        Prepared samples are fused with sodium peroxide
                Aspects of the determination of mineralisation that     and digested in dilute hydrochloric acid. The
                are Material to the Public Report. In cases where       resultant solution is analysed by ICP, by Nagrom
                ?industry standard? work has been done this would       Laboratory.
                be relatively simple (e.g. ?reverse circulation
                drilling was used to obtain 1 m samples from which      Certified standards. Field duplicates submitted at
                3 kg was pulverised to produce a 30 g charge for        irregular intervals at the rate of approximately
                fire assay?). In other cases more explanation may
                                                                        1:20.
                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. 70% of RC
                sampling bit or other type, whether core is             drill holes are angled. Approx. 30% of RC drill
                oriented and if so, by what method, etc.).              holes are vertical.

                                                                        Diamond tails have been drilled to a max depth
                                                                        of 330m.

                                                                        Diamond core has been oriented where possible
                                                                        using the Reflex Ezi-Ori tool.

 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 mineral content
                photography                                             (spodumene, tantalite) have been recorded.
Criteria       JORC Code Explanation                                Commentary
               The total length and percentage of the relevant      Assays have generally only been submitted
               intersections logged.                                through and adjacent to the pegmatites.




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, standards, laboratory standards
                   sampling.                                        and laboratory repeats are used to monitor
               Whether sample sizes are appropriate to the grain    analyses.
               size of
               the material being sampled.                          Sample size is considered appropriate.


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     Accurate surveying using RTK DGPS is currently
 data points     holes (collar and down-hole surveys), trenches,          being undertaken on site. Hole collars have been
                 mine workings and other locations used in Mineral        preserved until completion of survey.
                 Resource estimation.
                                                                          All collars are surveyed using MGA Z51.
                 Specification of the grid system used.
                 Quality and adequacy of topographic control.




 Data spacing    Data spacing for reporting of Exploration Results.       Initial exploration has been conducted on an 80m
 and                                                                      x 80m grid. The majority of infill drilling has
 distribution    Whether the data spacing and distribution is             been conducted on a 40m x 40m grid with a
                 sufficient to establish the degree of geological and     15,000m2 area drilled out to 20m x 20m.
                 grade continuity appropriate for the Mineral
                 Resource and Ore Reserve estimation procedure(s)
                                                                          The spacing of holes is considered of sufficient
                 and classifications applied.
                                                                          density to provide an ?Indicated? or ?Inferred?
                                                                          Mineral Resource estimation and classification.
                 Whether sample compositing has been applied.
                                                                          There has been no sample compositing.
 Orientation     Whether the orientation of sampling achieves             Approximately 2/3 of drilling is angled. Vertical
 of data in      unbiased sampling of possible structures and the         holes have been drilled in areas where
 relation to     extent to which this is known, considering the           pegmatites are interpreted to be flat lying.
 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         An external review of sampling techniques and
 reviews         techniques and data.                                     data has been carried out by CSA Global. No
                                                                          issues identified.



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,
Criteria      Explanation                               Commentary
                                                        RC, and diamond methods. The work identified mineral
                                                        resources that were considered uneconomic at the time.

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

                                                        Living Waters acquired the project in 2009 and continued
                                                        with limited exploration to the north of the main pit area.
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.

                                                        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 and tantalum have been included in
              tabulation of the following               the release.
              information for all Material drill
              holes:                                    All drill hole details are contained in Table 1 and 2 of the
                   ? easting and northing of the        release.
                       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
Criteria           Explanation                               Commentary
                   usually Material and should be            Reported intervals in Table 1 and 2 represent the aggregation
                   stated.                                   of the intercepts containing samples of at least 0.3% Li2O
                   Where aggregate intercepts                and/or 150ppm Ta2O5, lower grade zones are included
                   incorporate short lengths of high         adjacent to higher grade zones where the grade varies
                   grade results and longer lengths of       significantly from the average of the entire width of the
                   low grade results, the procedure          mineralised pegmatite. Only lithium, tin, niobium and
                   used for such aggregation should be       tantalum oxide results are tabled, other potential by-products
                   stated and some typical examples of       are currently considered to be insignificant in economic
                   such aggregations should be shown in      importance.
                   detail.
                   The assumptions used for any
                   reporting of metal equivalent values
                   should be clearly stated.
Relationship       These relationships are particularly      Approximately 2/3 of drilling is angled. Vertical holes have
between            important in the reporting of             been drilled in areas where pegmatites are interpreted to be
mineralisation     Exploration Results.                      flat lying.
widths and
intercept          If the geometry of the mineralisation     The lithium tantalite-bearing pegmatites are generally flat to
lengths            with respect to the drill hole angle is   shallowly dipping in nature. The true width of pegmatites are
                   known, its nature should be reported      generally considered 85-95% of the intercept width, with
                   If it is not known and only the down      minimal opportunity for sample bias.
                   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     Appendix A comprises is a long section through the principal
                   should be included for any significant    pegmatites.
                   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: 02/08/2017 09:20:00 Supplied by www.sharenet.co.za                     
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