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Strong Lithium and Tantalum Results from Extensional Drilling at Bald Hill
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(“the Company” or “Tawana”)
PLEASE NOTE: ALL GRAPHICS HAVE BEEN REMOVED FOR SENS PURPOSES. PLEASE REFER TO TAWANA
WEBSITE FOR THE COMPLETE ANNOUNCEMENT.
Strong Lithium and Tantalum Results from Extensional Drilling at Bald
Hill
Tawana Resources NL (“Tawana” or the “Company”) and Alliance Mineral Assets Limited (SGX: AMAL)
are pleased to announce that extensional step-out drilling at the Bald Hill project, Western Australia has
intercepted the most significant lithium and tantalum results to date. These exceptional results are
extensions to the initial Resource estimation which is expected to be completed by the end of April 2017
along with the Feasibility Study.
Highlights
- Significant lithium intercepts. Best results include:
- 35m at 1.35% Li2O from 71m, including 10m at 1.62% Li2O, 6m at 1.61% Li2O and 6m at 1.75% Li2O in
LRC0247;
- 28m at 1.34% Li2O and 343ppm Ta2O5 from 92m including 12m at 2.06% Li2O and 464ppm Ta2O5 in
LRC0226;
- 12m at 1.16% Li2O from 95m and 11m at 1.96% Li2O from 131m including 5m at 3.14% Li2O in LRC0237
(also see tantalum intercepts below)
- 26m at 1.13% Li2O and 309ppm Ta2O5 from 17m including 5m at 1.99% Li2O in LRC0187; and
- 12m at 1.64% Li2O and 219ppm Ta2O5 from 85m in LRC0229.
- Significant tantalum pentoxide intercepts included:
- 4m at 14,782ppm (14.78kg/t) Ta2O5 and 9,974ppm Nb2O5 from 78m in LRC0237;
- 8m at 2,468ppm Ta2O5 from 27m including 2m 7,022ppm (7.02kg/t) Ta2O5 and 0.82% Li2O in LRC0317;
- 4m at 1,246ppm Ta2O5 from 47m including 1m at 4,211ppm Ta2O5 in LRC0318;
- 11m at 729ppm Ta2O5 and 1.72% Li2O from 134m in LRC0222; and
- 6m at 976ppm Ta2O5 and 1.63% Li2O from 154m in LRC0224.
- Resource work currently underway to facilitate starter pit design and mine scheduling. These results are
outside the starter pit design and are expected to significantly increase the initial Resource.
- Increasing to five drill rigs as the extent of the spodumene pegmatites continues to expand.
- Recent drill hole (LRC0348) in the eastern extent of known mineralisation intercepted 78.6m of pegmatite
including 57m of very high grade spodumene, assays are pending however visually it is the most significant
hole drilled at Bald Hill to date with logged estimated spodumene contents ranging from 15 to 45%
averaging about 30%.
Tawana Resources Managing Director Mark Calderwood stated: “Recent significant drill intercepts from
step-out drilling has shown the Bald Hill pegmatites are displaying unusually strong zonation, evidenced by
spectacularly rich spodumene and tantalum mineralisation. This level of zonation is the preserve of the
most complex pegmatite fields (such as Greenbushes and Wodgina) and has prompted the increase in the
number of drill rigs. Tawana and AMAL are working towards commencement of commissioning of the
spodumene plant this year, and recommencement of processing of tantalum through the existing processing
facility”
Recent Drilling2
A further 115 resource and sterilisation RC drill holes totalling 13,652m were completed between 20
February 2017 and 31 March 2017. Assays have been received for 133 holes since the 3 March, 2017 update.
Recent intercepts are summarised in Tables 1 and 2 in Appendix A.
Recent high grade lithium intercepts include1:
- 35m at 1.35% Li2O from 71m, including 10m at 1.62% Li2O, 6m at 1.61% Li2O and 6m at 1.75% Li2O in
LRC0247;
- 12m at 1.16% Li2O from 95m and 11m at 1.96% Li2O from 131m including 5m at 3.14% Li2O in LRC0237;
- 12m at 1.64% Li2O and 219ppm Ta2O5 from 85m in LRC0229;
- 15m at 1.40% Li2O from 116m in LRC0220;
- 12m at 1.59% Li2O from surface comprising backfill in LRC0272;
- 17m at 1.54% Li2O from 121m in LRC0219; and
- 15m at 1.33% Li2O from 57m including 9m 1.89% Li2O in LRC0244.
Notable high grade lithium and tantalum intercepts included:
- 28m at 1.34% Li2O and 343ppm Ta2O5 from 92m including 12m at 2.06% Li2O and 464ppm Ta2O5 in
LRC0226;
- 26m at 1.13% Li2O and 309ppm Ta2O5 from 17m including 5m at 1.99% Li2O in LRC0187;
- 11m at 1.72% Li2O and 729ppm Ta2O5 from 134m in LRC0222;
- 6m at 1.63% Li2O and 976ppm Ta2O5 from 154m in LRC0224; and
- 15m at 1.12% Li2O and 299ppm Ta2O5 from 69m in LRC0310.
Notable high grade tantalum intercepts included:
- 4m at 14,782ppm Ta205 including 2m at 27,174ppm (27.17kg/t) Ta2O5 and 9,974ppm Nb2O5 from
78m in LRC0237;
- 8m at 2,468ppm Ta2O5 from 27m including 2m 7,022ppm (7.02kg/t) Ta2O5 and 0.82% Li2O in LRC0317;
- 4m at 1,246ppm Ta2O5 from 47m including 1m at 4,211ppm Ta2O5 in LRC0318;
- 5m at 742ppm Ta2O5 from 87m in LRC0166;
- 7m at 662ppm Ta2O5 from 177m including 2m at 1,053ppm Ta2O5 in LRC0245; and
- 2m at 1,308ppm Ta2O5 from 55m in LRC0322.
Recent drill hole (LRC0348) in the eastern extent of known mineralisation intercepted 78.6m of pegmatite
from 147.4m, including 57m of very high grade spodumene from 160m, assays are pending however visually
it is the most significant hole drilled at Bald Hill to date with spodumene logged as the most abundant
mineral with a logged range from 15-45% with an average of about 30% spodumene. Extensional drill hole
LRC0405 intercepted 45m of pegmatite containing high spodumene, assays are pending.
Bald Hill Project (AMAL 100%, TAW Earning 50%)
The Bald Hill project (Project) area is located 50km south east of Kambalda in the Eastern Goldfields of
Western Australia. It is located approximately 75km south east of the Mt Marion Lithium project and is
adjacent to Tawana’s Cowan Lithium project. The Project, owned by Alliance Mineral Assets Limited
(AMAL), includes a permitted tantalum (pegmatite) mine, processing facility and associated infrastructure.
Through Tawana’s 100% owned subsidiary Lithco No. 2 Pty Ltd, Tawana entered into a Farm-In Agreement
on 23 February 2017 with Alliance Mineral Assets Limited (“AMAL”) with respect to AMAL’s Bald Hill project
in Western Australia for the purpose of joint exploration and exploitation of lithium and other minerals.
The commercial terms require Tawana:
i. to spend, by 31 December 2017 (or such later date as may be agreed between the parties), a
minimum of $7.5 million on exploration, evaluation and feasibility (“Expenditure Commitment”);
and
ii. to spend, $12.5 million in capital expenditure required for upgrading and converting the plant for
processing ore derived from the Project, infrastructure costs, pre-stripping activities and other
expenditures including operating costs (“Capital Expenditure”) by 31 December 2019.
Upon completion of the Expenditure Commitment, Tawana shall be entitled to 50% of all rights to lithium
minerals from the tenements comprising the Project (“Tenements”). AMAL and Lithco had on 10 April 2017
entered into a lithium rights joint venture agreement.
Upon completion of the Expenditure Commitment and Capital Expenditure, Tawana will be entitled to a
50% interest in the Project (being all minerals from the tenements and the processing plant and
infrastructure at Bald Hill). The portfolio of mineral tenements, comprising mining leases, exploration
licences, prospecting licences, miscellaneous licences, a general-purpose lease, and a retention lease are
in good standing.
Feasibility Study
The Companies are in the advanced stages of completing a feasibility study with the metallurgical and
process engineering aspects of the study essentially completed and the detailed mining engineering is
underway. Product off-take pricing and prepayment negotiations are also in an advanced stage.
Cashflow modelling will be completed when the key areas of the study are completed. However, Tawana
and AMAL have given go-ahead for the commencement of detailed design and final long lead item
equipment selection.
competent Persons Statement
The information in this news release that relates to Exploration Results is based on and fairly represents information and supporting
documentation compiled by Mr Mark Calderwood and Mr Gareth Reynolds, both employees of Tawana Resources NL (“Tawana”). Mr
Calderwood is a member of The Australasian Institute of Mining and Metallurgy and Mr Reynolds is a member of the Australian Institute
of Geoscientists. Mr Calderwood and Mr Reynolds have sufficient experience relevant to the style of mineralisation under consideration
and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Calderwood and Mr Reynolds consent to the inclusion in
this report of the matters based on their information in the form and context in which it appears. Mr Calderwood and Mr Reynolds meet
the requirements to act as a Qualified Person (as defined in the SGX Catalist rules).
Mr Calderwood is a significant shareholder in Tawana. Mr Calderwood and Tawana do not consider these to constitute a potential conflict
of interest to his role as Competent Person. Mr Calderwood is not aware of any other relationship with Tawana which could constitute a
potential for a conflict of interest.
Mr Reynolds is an employee of Tawana. Mr Reynolds is not aware of any other relationship with Tawana which could constitute a potential
for a conflict of interest.
Forward Looking Statement
This report may contain certain forward looking statements and projections regarding estimated, resources and reserves; planned
production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward
looking statements/projections are estimates for discussion purposes only and should not be relied upon as representation or warranty,
express or implied, of Tawana Resources NL and/or Alliance Mineral Assets Limited. They are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Tawana Resources NL and/or
Alliance Mineral Assets Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially
from results ultimately achieved.
Tawana Resources NL and/or Alliance Mineral Assets Limited does not make any representations and provides no warranties concerning
the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new
information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report
has been prepared in good faith, neither Tawana Resources NL and/or Alliance Mineral Assets Limited or any of their directors, officers,
agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or
correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted
by law, none of Tawana Resources NL and/or Alliance Mineral Assets Limited, their directors, employees or agents, advisers, nor any
other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect
of, the accuracy or completeness of the information or for any of the opinions contained in this announcement or for any errors, omissions
or misstatements or for any loss, howsoever arising, from the use of this announcement.
19 April 2017
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Limited
Appendix A
Table 1| Drill Summary, Deeper Extensional Holes with Pegmatite Intercepts
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
LRC0097 421,281 6,512,679 282.3 90 90 -60 RC 52 61 9 Li, Ta
74 80 6 Li, Ta
LRC0098 421,363 6,512,679 282.9 96 90 -60 RC 59 64 5 Li
76 78 2 barren
81 85 4 Li, Ta
LRC0100 421,519 6,512,680 284.7 90 90 -60 RC 28 32 4 Ta
LRC0216 421,920 6,512,241 280.4 143 90 -60 RC 91 99 8 Li, Ta
107 110 3 Li, Ta
134 140 6 Li, Ta
LRC0217 421,880 6,512,239 280.2 187 90 -60 RC 104 121 17 Li, Ta
154 162 8 Li, Ta
LRC0218 421,839 6,512,241 280.6 199 90 -60 RC 46 48 2 Li
108 110 2 Ta
112 141 29 Li, Ta
174 189 15 Li, Ta
LRC0269 421,857 6,512,840 292.5 49 90 -60 RC 11 12 1 barren
32 33 1 Ta
37 39 2 Ta
LRC0270 421,818 6,512,840 291.7 41 90 -60 RC 0 8 8 barren
21 34 13 Li, Ta
LRC0271 421,858 6,512,881 292.9 40 90 -60 RC 24 26 2 Li
27 34 7 Li, Ta
LRC0272 421,821 6,512,880 292.7 34 90 -60 RC 20 25 5 Li, Ta
27 29 2 Ta
LRC0273 421,783 6,512,881 291.2 33 90 -60 RC 21 26 5 Li, Ta
LRC0274 421,852 6,512,920 293.9 41 90 -60 RC 13 25 12 Li, Ta
LRC0275 421,821 6,512,920 292.5 27 90 -60 RC 7 16 9 Li, Ta
LRC0276 421,781 6,512,919 291.5 31 90 -60 RC 12 15 3 Li, Ta
21 24 3 Li, Ta
LRC0277 422,000 6,512,960 298.4 40 90 -60 RC 29 33 4 Ta
LRC0151 421,518 6,512,441 283.1 123 90 -60 RC 62 67 5 Li, Ta
82 84 2 barren
117 118 1 barren
LRC0220 421,757 6,512,238 281.7 206 90 -60 RC 83 87 4 Li, Ta
115 136 21 Li, Ta
149 150 1 Ta
189 190 1 barren
193 197 4 Ta
LRC0221 421,720 6,512,238 282.2 208 90 -60 RC 25 27 2 Ta
82 99 17 Li, Ta
114 145 31 Li, Ta
LRC0222 421,918 6,512,281 281.5 160 90 -60 RC 30 32 2 barren
34 36 2 Ta
87 94 7 Li, Ta
110 112 2 Ta
134 151 17 Li, Ta
LRC0270 421,818 6,512,840 291.7 41 90 -60 RC 0 8 8 barren
LRC0271 421,858 6,512,881 292.9 40 90 -60 RC 0 3 3 barren
8 16 8 barren
LRC0272 421,821 6,512,880 292.7 34 90 -60 RC 0 12 12 backfill
LRC0278 421,792 6,513,000 293.4 30 90 -60 RC 7 12 5 Li, Ta
14 15 1 barren
LRC0279 421,841 6,513,041 292.9 40 90 -60 RC 32 33 1 barren
LRC0281 421,759 6,513,041 290.3 40 90 -60 RC 11 13 2 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
LRC0282 421,759 6,512,841 290.3 60 90 -60 RC 33 45 12 Li, Ta
LRC0283 421,716 6,512,841 289.9 60 90 -60 RC 11 16 5 Ta
36 42 6 Li, Ta
LRC0284 421,678 6,512,841 288.8 80 90 -60 RC 17 19 2 barren
24 26 2 barren
61 68 7 Li, Ta
LRC0152 421,437 6,512,440 282.1 126 90 -60 RC 79 88 9 Li, Ta
102 103 1 barren
106 107 1 barren
LRC0153 421,958 6,512,961 296.2 60 90 -60 RC 21 22 1 Ta
LRC0155 421,878 6,512,960 295.4 60 90 -60 RC 15 16 1 barren
27 30 3 Ta
LRC0223 421,875 6,512,282 281.7 176 90 -60 RC 41 42 1 barren
62 63 1 barren
74 75 1 barren
93 97 4 Li, Ta
100 103 3 Li
115 122 7 Li, Ta
146 165 19 Li, Ta
LRC0224 421,841 6,512,281 282.3 174 90 -60 RC 0 2 2 barren
43 45 2 barren
74 76 2 Ta
93 94 1 Li
96 97 1 Li
98 120 22 Li, Ta
121 124 3 barren
125 126 1 barren
154 160 6 Li, Ta
LRC0225 421,801 6,512,280 282.2 182 90 -60 RC 12 15 3 barren
44 46 2 barren
84 86 2 Li, Ta
102 104 2 Li, Ta
108 128 20 Li, Ta
169 176 7 Li, Ta
LRC0285 421,760 6,512,801 289.9 80 90 -60 RC 35 38 3 Li, Ta
39 40 1 Li
47 53 6 Li, Ta
LRC0286 421,678 6,512,802 288.5 80 90 -60 RC 21 22 1 Ta
29 30 1 barren
33 35 2 Ta
60 72 12 Li, Ta
LRC0287 421,761 6,512,760 289.5 70 90 -60 RC 51 54 3 Li
62 64 2 Ta
LRC0288 421,760 6,512,722 289.1 80 90 -60 RC 60 70 10 Li, Ta
LRC0289 421,779 6,512,721 289.3 71 90 -60 RC 58 62 4 Li, Ta
LRC0156 421,839 6,512,960 295.1 60 90 -60 RC 49 50 1 barren
LRC0157 421,799 6,512,961 293.4 60 90 -60 RC 9 12 3 Li
13 17 4 barren
56 57 1 barren
LRC0158 421,719 6,512,960 290.1 60 90 -60 RC 27 32 5 Li,Ta
LRC0160 421,959 6,512,920 296.4 40 90 -60 RC 7 10 3 Ta
LRC0161 421,919 6,512,920 295.7 48 90 -60 RC 11 12 1 barren
34 38 4 Li,Ta
LRC0163 421,757 6,512,919 291.3 40 90 -60 RC 1 3 2 barren
7 8 1 barren
22 28 6 Li
LRC0226 421,759 6,512,280 282.5 188 90 -60 RC 2 4 2 Ta
30 31 1 Ta
43 44 1 barren
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
45 46 1 barren
79 81 2 Li,Ta
92 121 29 Li,Ta
127 130 3 Ta
136 137 1 Ta
174 179 5 Ta
LRC0227 421,718 6,512,280 283.1 79 90 -60 RC 22 25 3 barren
36 37 1 barren
59 60 1 Ta
LRC0290 421,723 6,512,761 288.9 84 90 -60 RC 44 50 6 Li,Ta
63 72 9 Li,Ta
LRC0291 421,685 6,512,761 288.3 97 90 -60 RC 40 47 7 Li,Ta
68 85 17 Li,Ta
LRC0292 422,000 6,512,840 297.1 65 90 -60 RC 49 53 4 Ta
LRC0165 421,719 6,512,880 290.0 60 90 -60 RC 29 38 9 Li, Ta
LRC0166 421,679 6,512,881 288.9 102 90 -60 RC 13 15 2 Ta
22 23 1 barren
32 33 1 barren
36 37 1 Ta
85 93 8 ta
LRC0219 421,801 6,512,240 281.1 211 90 -60 RC 33 35 2 barren
48 49 1 barren
88 89 1 Ta
89 91 2
104 105 1 Ta
121 141 20 Li, Ta
191 196 5 Li, Ta
LRC0228 421,721 6,512,280 283.0 200 90 -60 RC 22 25 3 barren
53 55 2 barren
60 61 1 barren
81 94 13 Li, Ta
115 127 12 Li, Ta
140 142 2 Ta
154 155 1 barren
191 194 3 Ta
LRC0229 421,684 6,512,279 283.5 223 90 -60 RC 22 23 1 barren
23 25 2 Ta
39 41 2 barren
62 67 5 Ta
84 99 15 Li, Ta
114 116 2 Li, Ta
118 129 11 Li, Ta
LRC0293 421,697 6,512,718 288.2 96 90 -60 RC 43 52 9 Li, Ta
72 80 8 Li, Ta
85 86 1 barren
LRC0294 421,980 6,512,799 296.3 65 90 -60 RC 18 19 1 barren
24 27 3 Ta
48 55 7 Li, Ta
58 60 2 Ta
LRC0295 422,001 6,512,760 297.3 86 90 -60 RC 26 27 1 Ta
64 66 2 Ta
74 77 3 Ta
LRC0296 421,879 6,512,640 290.5 66 270 -60 RC 9 10 1 barren
47 59 12 Li, Ta
LRC0167 421,958 6,512,879 296.4 54 90 -60 RC 0 5 5 Ta
38 49 11 Li, Ta
LRC0168 421,718 6,512,919 289.9 60 90 -60 RC 34 38 4 Li
LRC0169 421,680 6,512,918 289.1 78 90 -60 RC 2 8 6 barren
19 20 1 barren
33 35 2 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
LRC0170 421,779 6,512,801 290.4 54 90 -60 RC 41 49 8 Li, Ta
LRC0297 421,890 6,512,600 290.2 70 90 -60 RC 38 46 8 Li, Ta
60 62 2 Li, Ta
LRC0298 421,920 6,512,604 291.0 60 90 -60 RC 27 36 9 Li, Ta
50 51 1 Ta
LRC0299 421,960 6,512,640 292.9 71 90 -60 RC 12 15 3 Ta
50 65 15 Li, Ta
LRC0300 421,963 6,512,722 295.4 55 0 -90 RC 7 9 2 Ta
41 49 8 Li, Ta
LRC0301 421,974 6,512,723 296.2 76 90 -60 RC 0 8 8 Ta
60 68 8 Li, Ta
LRC0302 421,722 6,512,680 292.8 90 90 -60 RC 0 7 7 barren
24 26 2 barren
60 65 5 Li, Ta
74 76 2 Li
77 83 6 Li, Ta
LRC0171 421,739 6,512,801 289.5 72 90 -60 RC 41 53 12 Li, Ta
57 60 3 Ta
LRC0172 421,979 6,512,840 296.2 60 90 -60 RC 47 53 6 Ta
LRC0173 421,757 6,512,638 296.2 90 0 -90 RC 11 13 2 barren
23 25 2 Ta
57 62 5 Li, Ta
63 64 1 barren
74 80 6 Li, Ta
LRC0174 421,820 6,512,559 296.6 84 90 -60 RC 12 13 1 barren
38 40 2 barren
61 77 16 Li, Ta
LRC0230 421,962 6,512,280 281.9 188 90 -60 RC 34 36 2 barren
74 77 3 Ta
98 103 5 Li, Ta
146 148 2 Ta
LRC0231 421,959 6,512,240 280.6 141 90 -60 RC 79 81 2 Ta
87 92 5 Li, Ta
100 103 3 Li, Ta
LRC0232 421,878 6,512,200 279.9 146 90 -60 RC 27 28 1 barren
44 45 1 barren
83 87 4 barren
106 128 22 Li, Ta
LRC0233 421,837 6,512,201 280.1 152 90 -60 RC 5 6 1 barren
9 10 1 barren
51 53 2 Ta
94 97 3 Li
104 105 1 barren
115 142 27 Li, Ta
LRC0306 421,921 6,512,681 292.4 60 90 -60 RC 16 19 3 Ta
48 55 7 Li, Ta
LRC0307 421,840 6,512,680 290.2 66 0 -90 RC 42 44 2 barren
52 54 2 barren
LRC0308 421,881 6,512,639 290.5 50 0 -90 RC 6 7 1 barren
34 42 8 Li, Ta
LRC0175 421,798 6,512,559 296.5 120 0 -90 RC 24 25 1 Ta
67 75 8 Li, Ta
80 88 8 Li, Ta
101 102 1 barren
106 111 5 Li
LRC0234 421,800 6,512,200 280.2 152 90 -60 RC 6 12 6 Ta
20 21 1 barren
24 25 1 barren
42 43 1 barren
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
108 110 2 Ta
128 144 16 Li, Ta
LRC0235 421,719 6,512,198 281.5 180 90 -60 RC 22 23 1 barren
47 49 2 Ta
64 65 1 Ta
84 97 13 Li, Ta
103 136 33 Li, Ta
144 146 2 barren
151 152 1 barren
LRC0236 421,675 6,512,197 282.1 164 90 -60 RC 26 28 2 Ta
70 72 2 Ta
87 100 13 Li, Ta
116 118 2 Li
123 134 11 Li, Ta
153 154 1 barren
LRC0237 421,645 6,512,198 282.5 160 90 -60 RC 39 41 2 Ta
LRC0311 421,901 6,512,560 290.1 78 0 -90 RC 5 6 1 Ta
49 57 8 Li, Ta
LRC0312 421,903 6,512,560 290.1 78 90 -60 RC 4 5 1 barren
55 60 5 Li, Ta
LRC0177 421,894 6,512,520 289.0 90 0 -90 RC 58 69 11 Li, Ta
75 76 1 barren
4 5 1 Ta
LRC0178 421,919 6,512,468 287.5 138 0 -90 RC 25 26 1 Ta
53 59 6 Li, Ta
60 64 4 Li
74 76 2 barren
99 101 2 Ta
107 108 1 barren
109 111 2 barren
112 114 2 barren
120 127 7 Ta
LRC0237 421,645 6,512,198 282.5 160 90 -60 RC 57 59 2 Ta
71 72 1 barren
78 80 2 Ta
94 110 16 Li, Ta
131 143 12 Li, Ta
LRC0238 421,960 6,512,199 279.5 91 90 -60 RC 31 32 1 barren
139 141 2 Ta
150 152 2 Ta
LRC0309 421,832 6,512,461 295.5 186 0 -90 RC 44 49 5 Li, Ta
73 82 9 Li, Ta
93 95 2 Ta
98 100 2 barren
108 112 4 Ta
138 140 2 barren
149 151 2 Ta
168 171 3 Ta
173 174 1 barren
LRC0310 421,828 6,512,460 295.4 144 90 -60 RC 23 24 1 Ta
40 41 1 barren
44 45 1 barren
68 90 22 Li, Ta
92 94 2 Li, Ta
131 134 3 Ta
LRC0182 421,800 6,513,041 291.3 162 90 -60 RC 0 5 5 barren
93 94 1 barren
133 134 1 barren
152 153 1 Ta
LRC0239 421,995 6,512,199 280.3 160 90 -60 RC 34 35 1 barren
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
78 88 10 Li, Ta
118 121 3 Ta
122 123 1 Ta
151 154 3 Ta
LRC0313 422,002 6,512,359 284.4 138 90 -60 RC 5 6 1 Ta
45 49 4 Li, Ta
90 101 11 Li, Ta
102 110 8 barren
123 124 1 barren
LRC0314 421,907 6,512,399 285.2 156 90 -60 RC 23 25 2 barren
70 77 7 Li, Ta
108 111 3 barren
123 143 20 Ta
LRC0183 421,938 6,512,739 294.5 48 90 -60 RC 2 3 1 barren
9 10 1 Ta
LRC0184 421,921 6,512,739 293.9 72 90 -60 RC 11 13 2 Li, Ta
38 58 20 Li, Ta
LRC0185 421,900 6,512,739 292.9 60 90 -60 RC 0 2 2 Ta
11 14 3 Ta
39 50 11 Li, Ta
LRC0186 421,878 6,512,740 292.1 60 90 -60 RC 20 21 1 Ta
43 53 10 Li, Ta
LRC0240 421,999 6,512,119 279.0 168 90 -60 RC 63 66 3 Ta
87 113 26 Li
149 152 3 Ta
162 164 2 Ta
LRC0315 421,880 6,512,398 286.1 138 0 -60 RC 14 15 1 barren
49 56 7 Li, Ta
59 79 20 Li, Ta
113 120 7 Li, Ta
122 124 2 Ta
LRC0316 421,840 6,512,401 286.2 138 0 -60 RC 10 11 1 Ta
43 54 11 Li, Ta
75 80 5 Li, Ta
100 104 4 Li, Ta
109 115 6 Li
LRC0317 421,799 6,512,400 286.1 162 0 -90 RC 2 4 2 barren
8 9 1 barren
37 45 8 Li, Ta
63 71 8 Li, Ta
94 102 8 Li, Ta
106 107 1 barren
LRC0164 421,772 6,512,967 292.7 60 90 -60 RC 4 6 2 barren
13 15 2 Ta
LRC0187 421,858 6,512,739 291.6 60 90 -60 RC 17 43 26 Li, Ta
47 48 1 Li
49 50 1 barren
53 54 1 Li, Ta
LRC0188 421,839 6,512,739 290.9 54 90 -60 RC 28 37 9 Li, Ta
41 43 2 barren
LRC0189 421,820 6,512,739 290.5 54 90 -60 RC 35 44 9 Li, Ta
LRC0241 421,921 6,512,481 288.0 100 90 -60 RC 2 4 2 Ta
28 29 1 barren
36 37 1 Ta
52 58 6 Li, Ta
85 86 1 barren
LRC0242 421,928 6,512,439 286.4 132 0 -90 RC 1 2 1 Ta
23 26 3 Ta
42 43 1 barren
55 63 8 Li, Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
80 82 2 barren
93 96 3 Ta
112 122 10 Li, Ta
LRC0318 421,800 6,512,402 286.1 139 360 -60 RC 1 3 2 barren
24 25 1 Ta
27 28 1 barren
47 51 4 Li, Ta
75 82 7 Li, Ta
86 88 2 barren
108 114 6 li
125 126 1 Ta
LRC0190 421,797 6,512,739 289.9 60 90 -60 RC 40 50 10 Li, Ta
LRC0191 421,942 6,512,785 295.1 90 90 -60 RC 1 3 2 Ta
38 41 3 Ta
76 82 6 Li, Ta
84 85 1 barren
LRC0192 421,922 6,512,785 294.4 66 90 -60 RC 0 7 7 barren
10 13 3 barren
31 40 9 Li, Ta
52 59 7 Ta
LRC0193 421,900 6,512,785 293.3 66 90 -60 RC 5 6 1 barren
9 11 2 barren
28 31 3 Li, Ta
33 40 7 Li, Ta
48 54 6 Li, Ta
LRC0194 421,883 6,512,785 292.8 60 90 -60 RC 0 1 1 barren
19 20 1 barren
33 47 14 Li, Ta
LRC0195 421,861 6,512,785 292.1 60 90 -60 RC 21 22 1 barren
35 48 13 Li, Ta
LRC0196 421,842 6,512,784 291.5 54 90 -60 RC 22 41 19 Li, Ta
LRC0197 421,820 6,512,783 291.0 48 90 -60 RC 0 1 1 barren
29 37 8 Li, Ta
LRC0198 421,799 6,512,781 290.4 60 90 -60 RC 24 25 1 barren
27 28 1 barren
40 48 8 Li, Ta
49 50 1 barren
LRC0319 421,800 6,512,362 284.8 133 0 -90 RC 7 9 2 Ta
22 23 1 barren
47 51 4 Ta
62 71 9 Li, Ta
76 78 2 Ta
80 81 1 barren
86 98 12 Li, Ta
107 109 2 Ta
LRC0244 421,893 6,512,437 286.8 156 0 -90 RC 24 26 2 barren
53 54 1 barren
57 75 18 Li, Ta
103 108 5 Li, Ta
125 130 5 Li, Ta
132 135 3 Li, Ta
136 137 1 barren
LRC0245 421,919 6,512,119 278.8 211 90 -60 RC 1 2 1 barren
12 13 1 barren
53 54 1 barren
60 62 2 barren
79 80 1 barren
105 109 4 Ta
117 121 4 Ta
162 168 6 Li, Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
172 173 1 Li
177 184 7 Ta
198 202 4 Ta
205 207 2 barren
LRC0320 421,817 6,512,396 286.0 193 270 -60 RC 10 11 1 barren
24 26 2 barren
28 29 1 barren
63 72 9 Li, Ta
85 86 1 barren
91 106 15 Li, Ta
108 110 2 Li, Ta
134 141 7 Li, Ta
LRC0321 421,946 6,512,399 285.0 158 90 -60 RC 6 7 1 barren
31 33 2 barren
53 55 2 barren
62 70 8 Li, Ta
83 84 1 barren
98 104 6 Ta
126 145 19 Li, Ta
LRC0199 421,880 6,513,160 291.2 120 90 -60 RC 0 15 15 Tailings
18 22 4 barren
27 31 4 Ta
35 36 1 barren
48 49 1 barren
LRC0247 422,001 6,512,038 277.6 229 90 -60 RC 6 8 2 barren
50 59 9 Li, Ta
64 107 43 Li
134 139 5 Li, Ta
165 166 1 barren
190 193 3 barren
198 200 2 Ta
219 226 7 Li, Ta
LRC0322 421,966 6,512,359 284.1 158 90 -60 RC 9 10 1 barren
11 12 1 barren
31 33 2 barren
35 37 2 barren
50 57 7 Ta
64 71 7 Li, Ta
98 100 2 Ta
101 102 1 barren
104 105 1 barren
131 146 15 Li, Ta
LRC0323 421,641 6,512,279 283.5 186 90 -60 RC 12 14 2 barren
37 40 3 Ta
49 51 2 barren
67 69 2 Ta
80 81 1 barren
82 84 2 barren
85 86 1 barren
89 93 4 Ta
105 112 7 Li, Ta
124 131 7 Li, Ta
133 134 1 barren
158 159 1 barren
LRC0200 421,845 6,513,160 290.6 30 90 -60 RC 0 23 23 Tailings
LRC0248 422,079 6,512,040 277.6 211 90 -60 RC 40 50 10 Li, Ta
87 99 12 Li, Ta
146 149 3 Ta
164 166 2 barren
197 203 6 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID Azm Dec. Type
m m m m m m m Type
LRC0324 421,602 6,512,279 283.3 168 90 -60 RC 0 4 4 barren
33 34 1 Ta
62 65 3 Ta
69 72 3 Ta
85 86 1 barren
97 99 2 Ta
108 109 1 barren
113 123 10 Li
126 127 1 barren
128 129 1 barren
LRC0325 421,680 6,512,322 284.2 151 90 -60 RC 2 3 1 barren
22 25 3 Ta
38 39 1 Ta
39 40 1 barren
60 64 4 Ta
65 66 1 barren
80 82 2 Ta
89 90 1 barren
95 112 17 Li, Ta
125 131 6 barren
137 139 2 barren
144 145 1 barren
LRC0326 421,640 6,512,323 284.0 163 90 -60 RC 2 3 1 barren
12 13 1 barren
29 33 4 Ta
42 45 3 Ta
67 69 2 barren
88 91 3 Ta
105 119 14 Li, Ta
134 135 1 barren
147 149 2 barren
Notes 1) The true width of pegmatites are generally considered 80-95% of the intercept width.
2) Only pegmatite intercepts of 1m or more in width are included.
Table 2| Notable Lithium and Tantalum Intercepts
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0097 54 59 5 1.05 112 89 102
incl 55 57 2 1.58 90 100 118
74 79 5 1.24 70 84 156
incl 76 79 3 1.65 90 97 136
LRC0098 60 64 4 0.81 87 54 201
incl 60 61 1 2.13 54 57 301
81 82 1 0.09 239 100 95
83 85 2 0.38 67 47 141
LRC0100 28 31 3 0.06 248 76 124
LRC0216 91 98 7 1.28 336 143 155
incl 91 95 4 1.50 406 172 169
98 99 1 0.23 154 100 152
107 110 3 0.35 205 90 100
136 140 4 1.48 262 136 128
LRC0217 104 119 15 0.95 182 104 114
incl 112 119 7 1.41 174 116 89
119 120 1 0.17 266 114 90
155 158 3 1.25 280 139 100
160 161 1 0.08 167 72 29
161 162 1 1.83 138 50 170
LRC0218 46 48 2 0.47 49 47 85
108 110 2 0.07 294 112 81
113 120 7 0.67 216 143 94
incl 117 119 2 1.25 190 147 91
123 139 16 0.67 181 119 108
incl 125 130 5 1.01 200 123 89
139 141 2 0.14 235 119 104
174 181 7 1.33 106 62 155
incl 176 177 1 3.27 24 7 284
and 178 180 2 1.77 189 76 137
184 185 1 0.39 107 43 141
185 186 1 0.05 198 64 75
LRC0269 32 33 1 0.07 175 64 169
37 38 1 0.05 159 57 94
LRC0270 22 23 1 0.06 190 64 131
25 30 5 1.43 154 82 135
LRC0271 25 26 1 0.37 11 21 151
27 34 7 1.19 195 80 184
incl 29 34 5 1.48 189 79 215
LRC0272 20 28 8 0.69 300 107 184
incl 21 22 1 1.56 245 79 188
LRC0273 22 26 4 0.55 375 172 286
incl 24 25 1 1.15 719 315 190
LRC0274 14 25 11 0.95 206 77 239
incl 15 20 5 1.73 177 83 226
LRC0275 8 16 8 0.58 189 76 150
incl 8 9 1 1.37 153 79 322
and 11 12 1 1.35 183 93 164
LRC0276 12 15 3 0.88 303 132 207
incl 12 13 1 2.10 440 172 241
21 23 2 1.07 222 129 207
incl 21 22 1 2.01 284 193 223
LRC0277 29 33 4 0.10 553 109 587
LRC0151 62 66 4 0.95 149 69 135
incl 64 66 2 1.49 198 90 124
66 67 1 0.06 247 100 58
LRC0220 83 87 4 0.57 308 87 84
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
incl 84 86 2 1.07 333 107 105
116 131 15 1.40 115 96 116
incl 124 126 2 2.26 100 93 88
134 136 2 0.04 231 143 75
149 150 1 0.22 208 50 109
193 197 4 0.05 559 106 129
incl 195 196 1 0.03 179 122
1,071
LRC0221 25 27 2 0.08 344 119 154
82 99 17 0.78 312 116 124
incl 88 92 4 2.17 306 142 203
114 123 9 1.29 237 109 174
incl 115 121 6 1.69 255 119 187
126 142 16 0.64 142 97 131
incl 127 129 2 1.51 181 147 103
and 131 132 1 1.16 83 50 241
and 140 141 1 1.03 256 114 152
144 145 1 0.02 276 122 57
LRC0222 34 35 1 0.09 161 79 221
87 94 7 0.29 327 132 198
110 112 2 0.11 264 122 104
134 145 11 1.72 729 574 166
incl 140 143 3 3.79 33 21 236
and 143 145 2 1.40 145
3,467 2,819
147 148 1 0.02 308 143 145
LRC0272 0 12 12 1.59 127 49 151
incl 4 5 1 5.83 22 7 161
and 5 6 1 4.10 28 14 151
LRC0278 8 11 3 0.71 154 67 198
11 12 1 0.20 162 79 223
LRC0281 12 13 1 0.02 420 79 1026
LRC0282 33 34 1 0.17 167 79 137
34 36 2 0.79 118 72 71
39 43 4 0.65 205 64 278
incl 40 41 1 1.26 112 72 117
LRC0283 13 15 2 0.11 179 83 2608
37 40 3 0.64 97 46 93
LRC0284 61 62 1 0.12 239 36 197
62 67 5 1.06 64 49 222
incl 66 67 1 1.62 56 36 475
67 68 1 0.11 167 43 187
LRC0152 80 82 2 0.01 528 269 57
82 83 1 1.37 148 129 53
LRC0153 21 22 1 0.11 946 143 305
LRC0155 27 28 1 0.02 402 93 187
LRC0223 93 97 4 0.75 450 192 176
incl 93 94 1 1.20 602 258 188
102 103 1 0.31 5 -7 -1
116 122 6 1.06 164 136 85
146 152 6 0.90 276 126 151
incl 147 148 1 0.32 563 243 141
and 150 152 2 1.88 228 104 149
154 155 1 0.04 175 64 98
156 161 5 1.55 259 120 160
161 162 1 0.04 203 79 79
163 165 2 0.51 750 329 113
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
incl 164 165 1 0.12 429 133
1,216
LRC0224 74 76 2 0.20 252 93 69
93 94 1 0.31 32 0 116
96 97 1 0.52 32 29 171
98 117 19 0.88 141 113 108
incl 105 115 10 1.25 129 104 118
117 118 1 0.06 359 136 110
154 160 6 1.63 976 295 168
incl 158 159 1 0.59 4,448 1,252 335
LRC0225 84 85 1 0.65 70 43 363
85 86 1 0.20 211 72 71
102 104 2 0.35 419 165 201
108 128 20 1.12 141 99 151
170 174 4 0.52 236 99 98
incl 170 171 1 1.37 159 114 169
and 174 175 1 1.09 120 107 140
LRC0285 35 37 2 0.23 394 136 203
37 38 1 0.74 17 14 386
39 40 1 0.41 16 7 209
47 49 2 0.78 276 157 126
incl 48 49 1 1.50 166 93 100
50 52 2 0.64 145 76 165
LRC0286 21 22 1 0.06 151 64 145
34 35 1 0.05 204 114 193
60 61 1 0.10 413 86 355
61 67 6 1.59 198 127 173
69 70 1 0.03 359 57 140
LRC0287 51 54 3 0.87 68 31 132
62 64 2 0.24 209 36 305
LRC0288 60 68 8 1.36 113 82 222
68 70 2 0.27 385 72 291
LRC0289 58 59 1 0.50 77 36 250
60 61 1 0.07 223 86 67
62 63 1 0.34 23 21 161
LRC0157 9 12 3 1.06 86 47 175
LRC0158 27 29 2 0.04 355 165 286
29 30 1 1.36 139 93 173
LRC0160 8 9 1 0.08 198 50 137
LRC0161 34 38 4 0.31 449 120 413
incl 34 35 1 1.07 344 172 359
LRC0163 23 26 3 1.42 133 76 133
incl 23 24 1 2.57 149 93 237
LRC0226 2 4 2 0.05 408 72 104
30 31 1 0.08 366 50 114
79 80 1 0.07 422 114 60
80 81 1 0.37 103 50 161
92 120 28 1.34 343 173 192
incl 94 106 12 2.06 464 209 297
and 94 95 1 4.09 190 79 536
and 101 102 1 2.09 449
2,856 1,052
120 121 1 0.16 175 86 113
128 130 2 0.13 526 205 94
136 137 1 0.29 205 93 217
175 179 4 0.08 268 87 67
LRC0227 59 60 1 0.16 216 79 183
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0290 44 50 6 0.60 103 72 96
incl 47 48 1 1.56 93 43 131
49 50 1 0.31 43 36 72
64 67 3 1.37 236 129 521
incl 65 66 1 2.11 200 207 357
68 69 1 0.52 78 86 231
70 71 1 0.93 134 64 268
LRC0291 41 45 4 0.61 243 135 107
incl 44 45 1 1.21 179 64 176
69 70 1 0.16 274 50 259
70 79 9 1.19 86 57 160
incl 71 72 1 2.19 32 14 215
79 81 2 0.14 380 93 390
LRC0292 49 51 2 0.06 333 97 174
LRC0165 33 36 3 1.74 230 76 136
incl 34 35 1 1.42 100 21 119
and 35 36 1 3.10 521 179 231
LRC0166 13 14 1 0.03 274 64 70
36 37 1 0.08 551 86 267
87 92 5 0.03 742 64 654
incl 90 91 1 0.02 72 929
1,110
LRC0219 88 90 2 0.14 275 114 96
104 105 1 0.36 164 72 157
121 138 17 1.54 150 96 135
incl 125 126 1 3.37 221 136 216
138 141 3 0.17 214 133 75
192 196 4 0.42 434 129 145
incl 192 193 1 1.28 516 150 217
LRC0228 81 82 1 0.04 194 72 85
82 94 12 0.84 275 116 133
incl 85 89 4 1.23 248 137 104
115 116 1 0.14 402 165 131
116 127 11 1.03 216 114 142
incl 118 125 7 1.28 215 126 157
141 142 0.10 275 72 96
191 193 2 0.13 327 83 169
LRC0229 23 24 1 0.03 344 79 121
63 64 1 0.02 363 122 50
84 85 1 0.06 192 114 57
85 97 12 1.64 219 113 137
incl 91 96 5 2.15 266 132 198
114 115 1 0.34 10 14 86
115 116 1 0.16 193 72 74
118 119 1 0.45 16 14 124
119 128 9 0.26 216 116 135
128 129 1 0.44 10 14 76
LRC0293 43 49 6 1.13 144 76 175
incl 43 47 4 1.57 160 83 198
72 75 3 1.29 117 83 245
77 78 1 0.32 205 64 102
LRC0294 24 27 3 0.13 389 96 387
48 55 7 0.17 279 73 216
58 60 2 0.11 488 190 133
LRC0295 26 27 1 0.06 974 229 640
64 66 2 0.11 510 64 211
74 76 2 0.07 529 69 202
LRC0296 48 56 8 1.24 201 96 170
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
56 57 1 0.15 236 72 152
LRC0167 4 5 1 0.10 150 29 424
38 39 1 1.67 129 43 234
40 43 3 0.70 155 64 208
43 44 1 0.16 193 64 113
46 48 2 0.08 153 54 192
LRC0168 34 36 2 0.78 149 62 447
LRC0169 33 34 1 0.09 189 29 109
LRC0170 41 42 1 0.08 243 50 1225
42 48 6 1.16 169 63 250
incl 42 46 4 1.53 169 63 218
LRC0297 38 45 7 0.90 323 102 178
incl 40 43 3 1.98 385 122 249
44 45 1 0.16 166 72 127
60 62 2 0.35 299 100 150
LRC0298 27 36 9 0.71 254 83 169
incl 29 31 2 1.76 374 114 196
50 51 1 0.08 232 36 79
LRC0299 13 14 1 0.19 151 72 197
50 51 1 0.05 173 72 151
51 52 1 1.00 143 72 284
52 64 12 0.62 277 80 168
incl 54 60 6 1.03 311 84 140
LRC0300 7 8 1 0.11 523 100 3824
41 49 8 0.73 256 70 212
incl 47 48 1 1.61 410 100 366
LRC0301 0 1 1 0.07 374 50 211
60 68 8 0.67 351 90 234
incl 60 62 2 1.26 263 86 326
and 65 66 1 1.64 346 107 279
LRC0302 61 62 1 0.54 123 79 89
62 65 3 0.10 381 90 222
74 81 7 1.48 117 57 314
81 82 1 0.25 205 86 104
LRC0171 41 46 5 0.79 180 107 212
57 59 2 0.14 319 72 176
LRC0172 48 51 3 0.14 320 57 164
LRC0173 24 25 1 0.08 173 21 103
57 60 3 0.97 249 93 122
75 79 4 0.92 251 90 226
incl 75 77 2 1.40 251 100 292
LRC0174 62 74 12 0.71 479 222 169
incl 62 68 6 1.33 481 253 176
LRC0230 74 77 3 0.12 404 129 145
98 102 4 0.83 574 142 244
incl 98 99 1 0.69 1,043 193 322
and 99 100 1 1.46 712 136 283
146 147 1 0.09 170 72 103
LRC0231 80 81 1 0.13 158 50 83
87 91 4 0.90 228 114 127
incl 88 90 2 1.33 232 140 136
91 92 1 0.20 188 72 157
101 103 2 0.23 322 83 95
LRC0232 106 111 5 0.59 131 106 117
incl 107 108 1 1.29 167 79 242
110 111 1 0.31 98 114 71
114 128 14 0.98 245 114 150
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
incl 114 116 2 1.53 153 122 136
and 119 124 5 1.47 235 107 188
LRC0233 51 52 1 0.05 176 64 72
94 96 2 0.34 78 36 306
115 131 16 0.97 161 114 118
134 137 3 0.13 227 153 137
138 141 3 0.37 336 126 122
LRC0306 16 18 2 0.05 221 69 114
48 49 1 1.26 127 50 248
49 54 5 0.18 311 69 152
LRC0308 34 39 5 0.99 141 62 296
incl 36 38 2 1.69 143 76 237
39 42 3 0.18 327 76 193
LRC0175 85 87 2 0.48 829 197 288
incl 86 87 1 0.12 172 250
1,148
108 110 2 0.99 104 86 95
LRC0234 9 10 1 0.14 175 43 161
108 110 2 0.09 278 129 129
128 141 13 1.31 131 104 140
incl 129 138 9 1.60 132 110 154
141 143 2 0.20 277 169 110
LRC0235 48 49 1 0.09 328 114 67
64 65 1 0.15 151 43 62
84 86 2 1.26 317 93 113
87 95 8 0.97 287 96 119
incl 87 93 6 1.14 329 106 141
95 97 2 0.20 268 90 107
103 104 1 0.45 59 29 127
109 131 22 0.97 190 113 127
incl 110 111 1 2.55 93 50 322
and 117 119 2 1.75 129 119 89
and 121 129 8 1.16 205 109 119
131 135 4 0.12 252 112 108
LRC0236 26 28 2 0.09 728 250 335
71 72 1 0.11 303 72 70
88 89 1 0.08 260 86 41
89 94 5 1.28 194 82 103
94 100 6 0.54 276 140 215
incl 97 100 3 0.93 273 140 160
117 118 1 0.33 49 21 103
123 130 7 0.87 382 183 113
incl 123 124 1 0.42 458 124
1,107
and 124 126 2 1.30 521 222 146
130 132 2 0.10 228 86 63
133 134 1 0.40 38 21 100
LRC0237 40 41 1 0.13 176 50 135
LRC0311 5 6 1 0.09 187 36 1981
50 56 6 1.76 230 79 180
51 56 5 2.05 259 87 175
56 57 1 0.20 234 100 107
LRC0312 55 60 5 0.54 348 123 209
LRC0177 60 65 5 1.46 108 56 150
65 69 4 0.08 333 109 103
LRC0178 4 5 1 0.16 181 21 174
25 26 1 0.07 214 43 6479
53 57 4 1.18 206 76 183
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
57 58 1 0.07 392 122 90
62 63 1 0.32 11 29 287
99 101 2 0.16 169 76 146
120 127 7 0.11 415 130 94
LRC0237 57 58 1 0.17 175 57 104
78 82 4 0.15 5427 367
14,782
78 80 2 0.08 612
27,174 9,974
94 95 1 0.11 242 93 84
95 107 12 1.16 213 113 132
107 110 3 0.20 179 86 95
131 142 11 1.96 224 133 163
incl 132 139 7 2.74 244 150 174
and 133 138 5 3.14 222 145 187
LRC0238 139 141 2 0.11 321 76 93
151 152 1 0.06 375 100 80
LRC0309 44 49 5 0.27 288 137 311
74 78 4 0.91 152 83 114
80 81 1 0.06 482 114 100
93 95 2 0.13 216 143 109
108 110 2 0.07 162 90 79
149 151 2 0.09 261 57 157
168 169 1 0.14 656 358 226
LRC0310 69 84 15 1.12 299 104 155
84 85 1 0.26 230 79 74
87 88 1 0.75 111 36 307
89 90 1 0.44 82 29 147
92 94 2 0.64 157 50 258
131 134 3 0.10 357 74 118
LRC0182 152 153 1 0.03 303 50 267
LRC0239 78 79 1 0.54 20 21 116
79 85 6 0.17 245 139 117
84 85 1 0.05 199 107 86
118 119 1 0.06 518 122 131
120 121 1 0.13 158 50 145
122 123 1 0.13 162 29 76
151 153 2 0.04 527 97 116
LRC0313 5 6 1 0.03 338 50 133
45 49 4 0.72 719 255 142
incl 46 47 1 2.02 538 229 129
and 47 48 1 0.09 622 129
1,737
92 96 4 0.86 370 200 105
97 100 3 0.04 344 79 295
LRC0314 70 77 7 0.52 336 99 119
incl 71 72 1 1.05 112 100 62
127 128 1 0.16 226 122 89
132 133 1 0.28 176 79 123
LRC0183 9 10 1 0.06 625 100 259
LRC0184 11 12 1 0.16 322 122 311
12 13 1 0.33 34 14 182
38 58 20 0.42 202 50 185
incl 41 43 2 1.32 195 47 355
52 53 1 1.36 147 72 145
LRC0185 0 1 1 0.13 154 29 110
11 14 3 0.11 196 53 114
39 48 9 0.60 230 80 179
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
incl 39 41 2 1.54 330 122 371
LRC0186 20 21 1 0.08 482 129 136
43 53 10 0.83 174 73 131
incl 46 51 5 1.37 172 73 161
LRC0240 90 97 7 1.03 87 59 94
incl 91 93 2 1.75 124 83 124
103 110 7 0.83 55 60 50
incl 104 108 4 1.12 63 64 52
151 152 1 0.15 324 86 86
163 164 1 0.10 260 36 89
LRC0315 49 56 7 0.56 111 44 146
incl 51 52 1 1.16 363 157 91
59 79 20 0.68 181 66 166
incl 66 67 1 2.64 120 64 254
113 114 1 0.10 153 36 95
115 118 3 0.65 70 57 83
118 120 2 0.19 408 76 108
123 124 1 0.18 281 57 94
LRC0316 10 11 1 0.03 455 36 96
44 45 1 0.80 57 14 126
49 50 1 0.03 182 29 76
77 80 3 0.40 215 100 140
incl 77 78 1 1.07 156 100 226
100 102 2 0.46 127 36 96
111 112 1 0.33 48 50 67
113 114 1 0.84 104 72 131
LRC0317 37 45 8 0.32 747 409
2,468
incl 1 1138 489
38 39 0.10 4,488
and 1 2833 884
39 40 1.55 9,556
and 1 737 231
41 42 0.17 2,100
and 1 501 457
43 44 0.07 1,617
63 66 3 0.28 230 133 1121
67 68 1 0.57 65 57 80
69 71 2 0.44 72 43 85
94 100 6 1.10 71 59 118
incl 94 96 2 1.43 126 112 168
and 98 100 2 1.59 68 54 136
100 101 1 0.18 160 100 203
LRC0164 13 14 1 0.12 236 72 185
LRC0187 17 43 26 1.13 309 122 160
incl 17 22 5 1.28 440 179 181
and 25 30 5 1.99 286 136 146
and 34 36 2 2.09 249 93 199
LRC0188 29 34 5 1.69 573 187 255
incl 29 33 4 2.03 649 209 294
and 31 32 1 1.92 1,585 522 348
34 35 1 0.19 347 179 141
LRC0189 36 42 6 1.45 168 97 152
43 44 1 0.24 209 79 142
LRC0241 2 3 1 0.13 225 43 107
36 37 1 0.16 188 43 100
52 53 1 0.46 32 14 179
53 58 5 0.51 217 77 291
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0242 1 2 1 0.09 181 36 32
25 26 1 0.14 416 129 ######
55 60 5 1.76 243 79 197
incl 55 58 3 2.34 132 52 254
60 62 2 0.17 301 108 71
62 63 1 0.31 107 43 163
94 96 2 0.13 233 93 147
112 113 1 0.34 11 7 145
116 117 1 0.76 147 43 86
118 122 4 0.16 590 240 445
incl 119 120 1 0.09 1044 386 170
LRC0318 24 25 1 0.10 166 50 93
47 51 4 0.48 1246 404 249
incl 48 49 1 0.42 4,211 1359 338
75 76 1 0.13 168 43 337
76 78 2 1.14 128 83 164
81 82 1 0.30 32 29 177
109 114 5 0.69 187 127 161
125 126 1 0.12 239 64 235
LRC0190 42 43 1 0.05 568 329 279
43 48 5 1.58 150 107 206
incl 43 46 3 2.26 175 124 255
LRC0191 1 2 1 0.03 568 72 936
38 41 3 0.18 471 129 244
incl 38 39 1 0.27 911 258 234
76 81 5 0.20 586 184 331
LRC0192 31 40 9 0.44 377 107 265
incl 32 34 2 1.50 656 215 432
52 59 7 0.04 408 156 306
LRC0193 28 31 3 0.61 263 71 205
incl 29 30 1 1.16 219 64 232
34 40 6 0.63 446 147 272
incl 34 35 1 0.74 951 279 283
and 35 36 1 1.29 387 107 215
48 51 3 0.21 259 93 193
LRC0194 35 37 2 0.20 259 104 255
38 46 8 0.76 182 79 208
incl 40 42 2 1.85 197 97 314
LRC0195 35 36 1 0.05 217 122 170
36 43 7 1.04 236 123 172
incl 41 43 2 1.80 128 72 259
43 48 5 0.06 253 109 130
LRC0196 22 23 1 0.09 168 50 126
26 31 5 0.15 383 133 161
32 40 8 0.92 194 86 100
incl 35 37 2 2.19 238 136 107
LRC0197 29 34 5 0.79 116 56 137
incl 31 32 1 1.85 133 50 140
35 36 1 0.05 171 72 86
LRC0198 40 41 1 0.39 44 21 149
41 44 3 0.24 194 74 134
45 46 1 0.54 78 50 102
LRC0319 7 8 1 0.08 737 143 179
47 50 3 0.14 632 272 261
48 49 1 0.06 1,050 479 306
64 66 2 0.76 90 68 69
66 68 2 0.14 210 79 139
69 70 1 0.24 255 129 193
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
70 71 1 0.33 38 29 100
76 77 1 0.21 212 43 90
87 98 11 1.10 184 124 261
incl 92 96 4 1.85 146 118 141
107 108 1 0.07 210 100 91
LRC0244 57 72 15 1.33 172 81 151
incl 58 67 9 1.89 192 96 152
73 74 1 0.14 454 143 178
104 108 4 1.00 117 74 83
incl 104 106 2 1.44 48 76 76
125 130 5 0.61 145 72 123
132 133 1 0.51 67 29 352
133 134 1 0.21 441 129 230
LRC0245 106 108 2 0.02 302 104 133
118 120 2 0.02 354 100 133
163 167 4 0.15 293 120 132
172 173 1 0.41 120 43 212
177 184 7 0.09 662 228 95
incl 181 183 2 0.04 1053 401 110
198 201 3 0.11 359 86 101
LRC0320 65 72 7 1.86 298 125 191
incl 66 67 1 2.23 442 258 135
and 70 71 1 5.35 481 143 387
91 106 15 0.66 266 154 185
108 109 1 0.24 161 64 127
109 110 1 0.37 78 43 147
134 138 4 0.73 286 186 145
140 141 1 0.31 23 29 135
LRC0321 62 70 8 0.52 271 97 231
incl 67 68 1 1.74 336 122 484
99 100 1 0.10 415 57 124
126 133 7 1.50 76 56 116
incl 127 128 1 2.19 227 100 192
and 129 132 3 2.33 63 57 81
134 135 1 0.13 199 122 810
136 137 1 0.39 68 50 306
LRC0199 0 14 14 0.51 117 40 140
27 30 3 0.03 403 102 438
LRC0247 50 57 7 0.39 314 113 149
57 58 1 0.33 39 29 74
66 69 3 0.08 170 81 66
71 106 35 1.35 60 51 79
incl 73 83 10 1.62 50 63 51
and 88 94 6 1.61 74 47 126
and 99 105 6 1.75 94 62 81
135 139 4 0.40 202 63 94
198 199 1 0.04 289 122 107
219 222 3 0.40 103 67 106
224 225 1 0.26 293 422 157
225 226 1 0.66 13 21 184
LRC0322 55 57 2 0.14 1308 236 220
incl 56 57 1 0.16 2,020 329 237
65 68 3 0.71 281 81 283
68 69 1 0.13 375 107 151
98 100 2 0.07 443 101 131
132 134 2 0.73 348 136 321
138 141 3 0.24 234 93 181
LRC0323 38 39 1 0.02 516 107 117
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
68 69 1 0.06 243 50 51
90 92 2 0.23 200 79 245
107 111 4 1.13 146 95 162
incl 110 111 1 2.31 132 107 278
125 130 5 0.93 172 93 177
incl 129 130 1 1.59 400 150 123
LRC0200 0 12 12 0.50 125 49 150
17 18 1 0.34 71 29 93
19 22 3 0.06 439 102 161
LRC0248 40 49 9 0.57 392 163 123
incl 44 48 4 1.19 325 188 120
89 91 2 0.28 185 83 59
91 95 4 0.77 53 47 60
96 97 1 0.18 291 93 109
146 148 2 0.06 576 150 291
197 202 5 0.05 302 73 101
LRC0324 33 34 1 0.18 241 72 226
63 64 1 0.03 458 143 113
69 72 3 0.08 619 286 315
97 98 1 0.12 263 57 90
115 122 7 1.23 86 75 118
LRC0325 23 24 1 0.11 415 79 210
38 39 1 0.09 161 36 789
61 62 1 0.07 182 50 94
81 82 1 0.10 966 265 150
96 112 16 1.11 273 112 151
incl 98 106 8 1.62 254 130 165
and 110 111 1 0.17 1,353 207 298
126 127 1 0.17 151 72 160
127 128 1 0.74 72 57 90
129 131 2 0.16 201 82 97
LRC0326 32 33 1 0.08 313 50 138
42 44 2 0.05 243 86 152
89 90 1 0.02 431 122 103
105 106 1 1.09 142 172 117
108 109 1 0.02 171 72 60
109 118 9 1.43 135 79 165
incl 109 115 6 1.79 136 88 193
Notes
1) Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
2) No significant intercepts in holes LRC0156, LRC0279 and LRC0307
3) LRC0199 and LRC0200 returned significant intercepts from tailings
4) LRC0272 returned significant intercept from backfilled material
5) LRC0235 86-87m assays pending
Appendix B
Section 1 Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, Reverse Circulation Drilling, 1m samples
techniques random chips, or specific specialised industry collected
standard measurement tools appropriate to the
minerals under investigation, such as down hole
Diamond drilling, ½ core nominally 2m crushed
gamma sondes, or handheld XRF instruments, etc.).
These examples should not be taken as limiting the to 10mm
broad meaning of sampling.
Samples jaw crushed and riffle split to 2-2.5kg
Include reference to measures taken to ensure for pulverizing to 80% passing 75 microns.
sample representivity and the appropriate
calibration of any measurement tools or systems Prepared samples are fused with sodium peroxide
used.
and digested in dilute hydrochloric acid. The
Aspects of the determination of mineralisation that resultant solution is analysed by ICP, by Nagrom
are Material to the Public Report. In cases where Laboratory.
‘industry standard’ work has been done this would
be relatively simple (e.g. ‘reverse circulation Certified standards. Field duplicates submitted at
drilling was used to obtain 1 m samples from which irregular intervals at the rate of approximately
3 kg was pulverised to produce a 30 g charge for 1:25.
fire assay’). In other cases more explanation may
be required, such as where there is coarse gold
that has inherent sampling problems. Unusual
commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of
detailed information.
Drilling Drill type (e.g. core, reverse circulation, open-hole RC and Diamond drilling conducted in line with
techniques hammer, rotary air blast, auger, Bangka, sonic, general industry standards.
etc.) and details (e.g. core diameter, triple or
standard tube, depth of diamond tails, face- All diamond drill holes and approx. 98% of RC
sampling bit or other type, whether core is drill holes are angled. Approx. 2% of RC drill
oriented and if so, by what method, etc.). holes are vertical
Diamond core has been oriented where possible
Drill sample Method of recording and assessing core and chip Chip recovery or weights for RC drilling were not
recovery sample recoveries and results assessed. conducted.
Measures taken to maximise sample recovery and Each metre of drill sample recovery and moisture
ensure representative nature of the samples. content is visually estimated and recorded.
Whether a relationship exists between sample
recovery and grade and whether sample bias may Opportunity for sample bias is considered
have occurred due to preferential loss/gain of negligible for dry samples.
fine/coarse material.
Logging Whether core and chip samples have been Geological logs exist for all drill holes with
geologically and geotechnically logged to a level of lithological codes via an established reference
detail to support appropriate Mineral Resource legend.
estimation, mining studies and metallurgical
studies. Drill holes have been geologically logged in their
Whether logging is qualitative or quantitative in entirety. Where logging was detailed the
nature. Core (or costean, channel, etc.) subjective indications of spodumene content
photography
The total length and percentage of the relevant Assays have generally only been submitted
intersections logged. through and adjacent to the pegmatites.
Criteria JORC Code Explanation Commentary
Sub-sampling If core, whether cut or sawn and whether quarter, RC samples were collected at 1m intervals and
techniques half or all core taken. riffle or cone split on-site to produce a
and sample If non-core, whether riffled, tube sampled, rotary subsample less than 5kg.
preparation split, etc. and whether sampled wet or dry.
For all sample types, the nature, quality and The RC drilling samples are considered robust for
appropriateness of the sample preparation sampling the spodumene and tantalite
technique. mineralisation.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of Most samples were dry.
samples.
Measures taken to ensure that the sampling is Sampling is in line with general industry sampling
representative of the in situ material collected, practices.
including for
instance results for field duplicate/second-half Field duplicates, laboratory standards and
sampling. laboratory repeats are used to monitor analyses.
Whether sample sizes are appropriate to the grain
size of Sample size is considered appropriate.
the material being sampled.
Quality of The nature, quality and appropriateness of the The assay technique is considered to be robust as
assay data assaying and laboratory procedures used and the method used (see above) offers total
and whether the technique is considered partial or dissolution of the sample and is useful for
laboratory total. mineral matrices that may resist acid digestions.
tests For geophysical tools, spectrometers, handheld XRF
instruments, etc., the parameters used in Standards and duplicates were submitted in
determining the analysis including instrument make varying frequency throughout the exploration
and model, reading times, calibrations factors campaign and internal laboratory standards,
applied and their derivation, etc. duplicates and replicates are used for
Nature of quality control procedures adopted (e.g. verification
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been
established.
Verification The verification of significant intersections by Twinning of holes undertaken to date show good
of sampling either independent or alternative company continuity
and assaying personnel.
The Ta and Li assays show a marked correlation
The use of twinned holes. with the pegmatite intersections via elevated
downhole grades.
Documentation of primary data, data entry
procedures, data verification, data storage Drill logs exist for all holes as electronic files
(physical and electronic) protocols. and/or hardcopy (all 2017 logging has been input
directly to field logging computers).
Discuss any adjustment to assay data.
Digital log sheets have been created with inbuilt
validations to reduce potential for data entry
errors.
All drilling data has been loaded to a database
and validated prior to use.
Location of Accuracy and quality of surveys used to locate drill Collar coordinates are currently only
data points holes (collar and down-hole surveys), trenches, approximate and considered accurate to within
mine workings and other locations used in Mineral 4m measured using hand held GPS. Accurate
Resource estimation. surveying using RTK DGPS is currently being
undertaken on site. Hole collars have been
Specification of the grid system used. preserved until completion of survey.
Quality and adequacy of topographic control.
Criteria JORC Code Explanation Commentary
Data spacing Data spacing for reporting of Exploration Results. Drilling has been conducted on a 40m x 40m grid,
and with a 140m x 80m area drilled out at 20m x
distribution Whether the data spacing and distribution is 20m.
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral The spacing of holes is considered of sufficient
Resource and Ore Reserve estimation procedure(s) density to provide an ‘Indicated’ or ‘Inferred’
and classifications applied. Mineral Resource estimation and classification.
Whether sample compositing has been applied. There has been no sample compositing.
Orientation Whether the orientation of sampling achieves The majority of drilling is angled. Some vertical
of data in unbiased sampling of possible structures and the holes have been drilled in areas where access is
relation to extent to which this is known, considering the limited.
geological deposit type.
structure If the relationship between the drilling orientation The lithium tantalite-bearing pegmatites are
and the orientation of key mineralised structures is generally flat to shallowly dipping in nature. The
considered to have introduced a sampling bias, this true width of pegmatites are generally
should be assessed and reported if material. considered 80-95% of the intercept width, with
minimal opportunity for sample bias.
Sample The measures taken to ensure sample security. The RC samples are taken from the rig by
security experienced personal and stored securely and
transport to the laboratory by a registered
courier and handed over by signature.
Audits or The results of any audits or reviews of sampling No audits have been undertaken to date.
reviews techniques and data.
Section 2 Reporting of Exploration Results
Criteria Explanation Commentary
Mineral Type, reference name/number, The portfolio of mineral tenements, comprising mining leases,
tenement and location and ownership including exploration licences, prospecting licences, miscellaneous
land tenure agreements or material issues with licences, a general-purpose lease, and a retention lease are
status third parties such as joint ventures, in good standing.
partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
The security of the tenure held at
the time of reporting along with any
known impediments to obtaining a
licence to operate in the area.
Exploration Acknowledgment and appraisal of Alluvial tantalite has been mined periodically from the early
done by other exploration by other parties. 1970s.
parties Gwalia Consolidated Limited undertook exploration for
tantalite-bearing pegmatites from 1983-1998. Work included
mapping, costeaning, and several phases of drilling using RAB,
RC, and diamond methods. The work identified mineral
resources that were considered uneconomic at the time.
Haddington entered agreement to develop the resource and
mining
- commenced in 2001 and continued until 2005.
- Haddington continued with exploration until 2009.
Living Waters acquired the project in 2009 and continued
with limited exploration to the north of the main pit area.
Criteria Explanation Commentary
Geology Deposit type, geological setting and The Bald Hill area is underlain by generally north-striking,
style of mineralisation. steeply dipping Archaean metasediments (schists and
greywackes) and granitoids.
Felsic porphyries and pegmatite sheets and veins have
intruded the Archaean rocks. Generally, the pegmatites cross
cut the regional foliation, occurring as gently dipping sheets
and as steeply dipping veins.
The pegmatites vary in width and are generally comprised
quartz-albite- muscovite-spodumene in varying amounts.
Late-stage albitisation in the central part of the main outcrop
area has resulted in fine- grained, banded, sugary pegmatites
with visible fine-grained, disseminated tantalite. A thin
hornfels characterised by needle hornblende crystals is often
observed in adjacent country rocks to the pegmatite.
Intrusives. Tantalite generally occurs as fine disseminated
crystals commonly associated with fine-grained albite zones,
or as coarse crystals associated with cleavelandite.
Weathering of the pegmatites yields secondary mineralised
accumulations in alluvial/eluvial deposits.
Drill hole A summary of all information Only results for drill holes that have intercepted lithium and
Information material to the understanding of the or tantalum pegmatites of 1m or more in width that have
exploration results including a been assayed for lithium have been included in the release.
tabulation of the following
information for all Material drill All drill hole details are contained in Table 2 and 3 of the
holes: release.
• easting and northing of the
drill hole collar
• elevation or RL (Reduced
Level – elevation above sea
level in metres) of the drill
hole collar
• dip and azimuth of the hole
• down hole length and
interception depth
• hole length.
If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain why this is the case.
Data In reporting Exploration Results, No cutting to intercept grades has been undertaken.
aggregation weighting averaging techniques,
methods maximum and/or minimum grade Assays are report as pure elements such as Li, Ta, Nb, Sn and
truncations (e.g. cutting of high converted to oxides using atomic formulas.
grades) and cut-off grades are
usually Material and should be Reported intervals in Table 1 and 3 represent the aggregation
stated. of the intercepts containing samples of at least 0.3% Li2O
Where aggregate intercepts and/or 150ppm Ta2O5, lower grade zones are included
incorporate short lengths of high adjacent to higher grade zones where the grade varies
grade results and longer lengths of significantly from the average of the entire width of the
low grade results, the procedure mineralised pegmatite. Only lithium, tin, niobium and
used for such aggregation should be tantalum oxide results are tabled, other potential by-products
stated and some typical examples of are currently considered to be insignificant in economic
such aggregations should be shown in importance.
detail.
The assumptions used for any
reporting of metal equivalent values
should be clearly stated.
Criteria Explanation Commentary
Relationship These relationships are particularly The majority of drilling is angled. Some vertical holes have
between important in the reporting of been drilled in areas where access is limited.
mineralisation Exploration Results.
widths and The lithium tantalite-bearing pegmatites are generally flat to
intercept If the geometry of the mineralisation shallowly dipping in nature. The true width of pegmatites are
lengths with respect to the drill hole angle is generally considered 85-95% of the intercept width, with
known, its nature should be reported minimal opportunity for sample bias.
If it is not known and only the down
hole lengths are reported, there
should be a clear statement to this
effect (e.g. ‘down hole length, true
width not known’).
Diagrams Appropriate maps and sections (with Drilling locations are shown on figure 1 of the release.
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These
should include, but not be limited to
a plan view of drill hole collar
locations and appropriate sectional
views.
Balanced Where comprehensive reporting of Results for all drill holes that have intercepted lithium
reporting all Exploration Results is not pegmatites that have been assayed for lithium have been
practicable, representative reporting included in the release.
of both low and high grades and/or
widths should be practiced to avoid
misleading reporting of Exploration
Results.
Other Other exploration data, if meaningful No metallurgical test work is referred to in this
substantive and material, should be reported announcement.
exploration data including (but not limited to):
geological observations; geophysical
survey results; geochemical survey
results; bulk samples – size and
method of treatment; metallurgical
test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious
or contaminating substances.
Further work The nature and scale of planned Further RC and diamond drilling is warranted at the various
further work (e.g. tests for lateral deposits to explore for additional resources and improve the
extensions or depth extensions or understanding of the current resources prior to mining.
large-scale step-out drilling).
Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
not commercially sensitive.
Date: 19/04/2017 09:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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