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Significant Increase in Lithium Pegmatite from 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.
Significant Increase in Lithium Pegmatite from Drilling at Bald Hill
Tawana Resources NL (“Tawana” or the “Company”) and Alliance Mineral Assets Limited (SGX: AMAL) are pleased to
announce that extensional step-out drilling at the Bald Hill project, Western Australia has trebled the size of the target
area originally defined in January 2017. The extended area contains the most significant lithium results to date.
Highlights
- Eastern high grade extension. Significant results include:
- 57m at 1.62% Li2O from 161m, including 47m at 1.77% Li2O in LRC0348;
- 38m at 1.48% Li2O from 134m in LRC0456;
- 28m at 1.49% Li2O from 129m including 25m at 1.63% Li2O in LRC0454;
- 10m at 2.58% Li2O from 83m including 7m at 3.46% Li2O in LRC0347;
This mineralised zone remains open to the east and south.
- South Western extension. Significant results include:
- 24m at 1.29% Li2O and 239ppm Ta2O5 from 135m in LRC0405;
- 7m at 1.33% Li2O from 107m and 15m at 1.42% Li2O from 155m in LRC0407;
- 12m at 1.31% Li2O and 306ppm Ta2O5 from 126m in LRC0411;
- 6m at 1.75% Li2O and 448ppm Ta2O5 from 99m and 10m at 1.28% from 137m in LRC0425;
- 14m at 1.52% Li2O and 268ppm Ta2O5 from 106m and 15m at 0.73% Li2O and 402ppm Ta2O5 from
141m in LRC0426;
- 12m at 0.96% Li2O and 325ppm Ta2O5 from 113m and 10m at 1.76% Li2O and 338ppm Ta2O5 from
164m in LRC0427;
- 15m at 1.21% Li2O from 113m, 4m at 1.86% from 144m and 8m at 0.81% Li2O and 322ppm Ta2O5
from 159m in LRC0404.
This mineralised zone remains open to the west and south.
- The maiden Resource estimation works are well advanced and the Company aims to complete and release these
with summary Feasibility Study results within 2 weeks.
Tawana Resources Managing Director Mark Calderwood stated: “The footprint of the lithium and tantalum mineralised
pegmatites has increased significantly over recent months. Recent drilling has defined two areas of consistently high
grade lithium mineralisation.”
Recent Drilling2
A further 118 exploration Reverse Circulation drill holes totalling 17,680m were completed between 1 April and 15
May 2017. Assays have been received for 87 holes since the 18/19 April, 2017 update. Recent intercepts are
summarised in Tables 1 and 2 in Appendix A.
- Eastern high grade extension. Significant results include:
- 57m at 1.62% Li2O from 161m, including 47m at 1.77% Li2O and 7m at 0.3% Li2O and 541ppm Ta2O5 from 219m
in LRC0348;
- 38m at 1.48% Li2O from 134m in LRC0456;
- 28m at 1.49% Li2O from 129m including 25m at 1.63% Li2O in LRC0454;
- 10m at 2.58% Li2O from 83m including 7m at 3.46% Li2O in LRC0347;
- 15m at 1.14% Li2O from 127m including 9m at 1.49% Li2O in LRC0452;
- 21m at 0.98% Li2O from 133m including 13m at 1.23% Li2O in LRC0451
- South Western Extension. Significant results include:
- 15m at 1.21% Li2O from 113m, 4m at 1.86% from 144m and 8m at 0.81% Li2O and 322ppm Ta2O5 from 159m in
LRC0404.
- 24m at 1.29% Li2O and 239ppm Ta2O5 from 135m in LRC0405;
- 7m at 1.33% Li2O from 107m and 15m at 1.42% Li2O from 155m in LRC0407;
- 12m at 1.31% Li2O and 306ppm Ta2O5 from 126m and 3m at 1.17% Li2O from 171m in LRC0411;
- 6m at 1.75% Li2O and 448ppm Ta2O5 from 99m and 10m at 1.28% from 137m in LRC0425;
- 14m at 1.52% Li2O and 268ppm Ta2O5 from 106m and 15m at 0.73% Li2O and 402ppm Ta2O5 from 141m in
LRC0426;
- 12m at 0.96% Li2O and 325ppm Ta2O5 from 113m and 10m at 1.76% Li2O and 338ppm Ta2O5 from 164m in
LRC0427.
Exploration is mainly focused on step-out drilling to the south, east and west. Sterilisation and geotechnical drilling is
also continuing for mining engineering purposes.
Feasibility Study
Tawana and AMAL are in the advanced stages of completing a feasibility study with off-take pricing, metallurgical and
process engineering aspects of the study completed, and the mining engineering and infrastructure capital costs
nearing completion. The results of the study are expected to be released within two weeks.
1
The true width of pegmatites are generally considered 80-95% of the intercept width. Only pegmatite intercepts of 1m or more in width are included.
Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
2
These intersections are also repeated in the highlights section on the cover page.
25 May 2017
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Competent Persons Statement
The information in this news release that relates to Exploration Results is based on and fairly represents information and supporting
documentation compiled by Mr Mark Calderwood and Mr Gareth Reynolds, both employees of Tawana Resources NL (“Tawana”). Mr
Calderwood is a member of The Australasian Institute of Mining and Metallurgy and Mr Reynolds is a member of the Australian Institute
of Geoscientists. Mr Calderwood and Mr Reynolds have sufficient experience relevant to the style of mineralisation under consideration
and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Calderwood and Mr Reynolds consent to the inclusion in
this report of the matters based on their information in the form and context in which it appears. Mr Calderwood and Mr Reynolds meet
the requirements to act as a Qualified Person (as defined in the SGX Catalist rules).
Mr Calderwood is a significant shareholder in Tawana. Mr Calderwood and Tawana do not consider these to constitute a potential conflict
of interest to his role as Competent Person. Mr Calderwood is not aware of any other relationship with Tawana which could constitute a
potential for a conflict of interest.
Mr Reynolds is an employee of Tawana. Mr Reynolds is not aware of any other relationship with Tawana which could constitute a potential
for a conflict of interest.
Forward Looking Statement
This report may contain certain forward looking statements and projections regarding estimated, resources and reserves; planned
production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward
looking statements/projections are estimates for discussion purposes only and should not be relied upon as representation or warranty,
express or implied, of Tawana Resources NL and/or Alliance Mineral Assets Limited. They are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Tawana Resources NL and/or
Alliance Mineral Assets Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially
from results ultimately achieved.
Tawana Resources NL and/or Alliance Mineral Assets Limited does not make any representations and provides no warranties concerning
the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new
information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report
has been prepared in good faith, neither Tawana Resources NL and/or Alliance Mineral Assets Limited or any of their directors, officers,
agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or
correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted
by law, none of Tawana Resources NL and/or Alliance Mineral Assets Limited, their directors, employees or agents, advisers, nor any
other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect
of, the accuracy or completeness of the information or for any of the opinions contained in this announcement or for any errors, omissions
or misstatements or for any loss, howsoever arising, from the use of this announcement.
Appendix A
Table 1| Drill Summary, Deeper Extensional Holes with Pegmatite Intercepts
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
LRC0243 421,842 6,512,118 278.7 217 90 -60 RC 1 3 2 Ta
33 35 2 Ta
39 40 1 barren
49 50 1 Ta
55 63 8 Li, Ta
100 102 2 barren
132 142 10 Li, Ta
LRC0246 421,679 6,512,043 280.1 228 90 -60 RC 12 16 4 barren
34 36 2 barren
60 61 1 barren
105 106 1 barren
139 152 13 Ta
163 167 4 Ta
170 174 4 Ta
182 187 5 Ta
197 210 13 Ta
LRC0249 422,161 6,512,040 277.3 199 90 -60 RC 45 49 4 Li, Ta
78 90 12 Li, Ta
122 123 1 barren
131 133 2 barren
169 170 1 barren
184 185 1 barren
187 192 5 Ta
LRC0250 421,918 6,512,040 277.4 203 90 -60 RC 8 11 3 Ta
38 39 1 barren
89 98 9 Ta
132 136 4 Ta
139 140 1 barren
143 149 6 Li, Ta
177 182 5 Li, Ta
188 194 6 Ta
197 199 2 barren
LRC0327 421,601 6,512,324 283.7 169 90 -60 RC 2 4 2 barren
36 37 1 Ta
56 59 3 Ta
72 75 3 barren
100 101 1 barren
117 126 9 Li, Ta
129 133 4 Li
LRC0328 421,520 6,512,323 282.7 175 90 -60 RC 0 4 4 barren
76 83 7 Li, Ta
95 99 4 Ta
148 151 3 barren
158 171 13 Li, Ta
LRC0329 421,448 6,512,320 281.6 192 90 -60 RC 3 5 2 Ta
97 104 7 Li, Ta
125 129 4 barren
133 134 1 barren
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
167 182 15 Li, Ta
LRC0330 421,326 6,512,322 280.3 36 90 -60 RC 2 4 2 barren
LRC0331 421,761 6,513,239 290.0 126 90 -60 RC 29 31 2 Ta
LRC0332 422,163 6,512,282 284.5 37 90 -60 RC 3 5 2 barren
8 13 5 Ta
18 21 3 Li, Ta
24 26 2 barren
54 55 1 barren
63 66 3 barren
LRC0333 422,243 6,512,281 285.0 120 90 -60 RC 33 37 4 Li, Ta
LRC0334 422,084 6,512,280 283.1 120 90 -60 RC 36 43 7 Ta
67 81 14 Li, Ta
83 94 11 Li, Ta
LRC0335 422,003 6,512,281 282.1 127 90 -60 RC 10 11 1 barren
15 16 1 Ta
42 43 1 barren
63 66 3 Li, Ta
83 111 28 Li, Ta
LRC0336 422,305 6,512,199 281.9 91 90 -60 RC 29 33 4 Ta
45 46 1 barren
49 50 1 barren
LRC0337 422,078 6,512,199 280.8 109 90 -60 RC 0 1 1 barren
11 12 1 barren
50 80 30 Li, Ta
84 85 1 barren
87 88 1 barren
LRC0338 422,282 6,512,200 281.7 103 90 -60 RC 1 2 1 barren
12 16 4 Li, Ta
23 31 8 Li, Ta
68 70 2 barren
LRC0339 422,166 6,512,197 280.8 130 90 -60 RC 20 21 1 Ta
50 53 3 Ta
68 70 2 Li, Ta
87 92 5 Li, Ta
94 95 1 Ta
99 103 4 barren
106 107 1 Ta
110 112 2 barren
115 116 1 barren
LRC0340 422,175 6,512,283 284.5 121 90 -60 RC 22 23 1 Ta
25 31 6 Li, Ta
32 33 1 Li
75 77 2 Ta
79 80 1 Ta
92 93 1 Ta
106 107 1 Ta
LRC0341 422,322 6,512,122 279.8 120 90 -60 RC 39 42 3 barren
LRC0342 422,239 6,512,121 278.9 145 90 -60 RC 37 40 3 Ta
70 73 3 Ta
80 81 1 Li
90 112 22 Li, Ta
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
126 139 13 Li, Ta
LRC0343 422,159 6,512,123 278.8 163 90 -60 RC 48 51 3 Li, Ta
81 91 10 Li
93 94 1 Li
105 126 21 Li
LRC0344 422,084 6,512,122 278.8 205 90 -60 RC 70 90 20 Li
91 96 5 Li, Ta
LRC0345 422,320 6,512,041 277.9 120 90 -60 RC 43 46 3 Li
76 79 3 Ta
LRC0346 422,240 6,512,040 277.7 150 90 -60 RC 50 53 3 Ta
80 83 3 Li, Ta
98 110 12 Li
115 143 28 Li
LRC0347 422,179 6,512,001 276.5 201 90 -60 RC 55 58 3 Li, Ta
83 104 21 Li, Ta
109 115 6 Li
LRC0348 422,337 6,511,998 277.3 242 90 -60 RC 45 49 4 Li
53 54 1 Li
60 61 1 Li
63 65 2 Li
75 87 12 Li
147 226 79 Li, Ta
LRC0349 422,388 6,512,036 278.6 184 270 -60 RC 67 68 1 Ta
104 106 2 Li
117 142 25 Li, Ta
LRC0350 421,839 6,511,918 275.3 205 90 -60 RC 93 94 1 Ta
109 117 8 Li, Ta
138 152 14 Li, Ta
161 167 6 Li
180 184 4 Li, Ta
189 190 1 Ta
LRC0351 421,801 6,513,160 290.1 120 90 -60 RC 0 15 15 Li, Ta
24 27 3 Ta
33 34 1 barren
49 50 1 barren
56 57 1 barren
61 63 2 barren
64 67 3 barren
69 70 1 barren
85 87 2 barren
97 99 2 barren
103 104 1 barren
105 106 1 barren
LRC0352 421,760 6,513,160 290.2 30 90 -60 RC 0 18 18 Li, Ta
21 24 3 Ta
LRC0353 421,721 6,513,159 291.1 120 90 -60 RC 0 23 23 Li
28 30 2 Ta
47 48 1 Ta
95 96 1 barren
LRC0354 421,800 6,513,238 290.1 30 90 -60 RC 0 15 15 Li
16 19 3 Li
24 25 1 barren
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
LRC0355 421,759 6,513,319 288.9 30 90 -60 RC 0 16 16 Li
18 20 2 barren
28 30 2 Ta
48 49 1 barren
LRC0356 421,780 6,513,320 289.2 48 90 -60 RC 0 14 14 Li
27 29 2 Ta
LRC0357 421,761 6,512,041 278.5 229 90 -60 RC 0 3 3 barren
5 17 12 Li
23 24 1 Ta
27 29 2 barren
30 31 1 barren
32 33 1 barren
40 41 1 barren
LRC0358 422,324 6,512,282 284.5 127 90 -60 RC 0 4 4 barren
6 13 7 Li
16 17 1 barren
LRC0359 422,921 6,513,398 301.8 72 0 -90 RC 25 27 2 barren
LRC0364 422,099 6,513,399 292.5 60 90 -60 RC 44 45 1 barren
LRC0370 421,622 6,513,401 286.6 60 90 -60 RC 41 42 1 barren
LRC0389 422,680 6,512,400 282.0 78 0 -90 RC 14 17 3 Ta
54 60 6 Ta
LRC0390 422,618 6,512,399 281.5 72 0 -90 RC 0 2 2 Ta
LRC0393 421,192 6,512,682 282.2 114 90 -60 RC 12 13 1 Ta
61 66 5 Li
86 93 7 Li
103 108 5 Li
LRC0394 421,141 6,512,682 282.0 150 90 -60 RC 51 64 13 Li, Ta
111 122 11 Li
LRC0395 421,199 6,512,600 281.9 132 90 -60 RC 59 65 6 Li, Ta
71 74 3 Li
85 92 7 Li, Ta
95 124 29 Li, Ta
LRC0396 421,193 6,512,522 281.3 114 90 -60 RC 9 11 2 Ta
50 55 5 Li, Ta
80 93 13 Li, Ta
LRC0397 421,199 6,512,440 280.9 150 90 -60 RC 57 60 3 Li
92 102 10 Li, Ta
LRC0398 421,121 6,512,441 280.9 114 90 -60 RC 83 85 2 Li
LRC0399 421,122 6,512,522 281.5 150 90 -60 RC 38 42 4 Li, Ta
60 64 4 Li, Ta
77 79 2 Li, Ta
113 119 6 Li
LRC0401 421,840 6,512,042 277.7 221 90 -60 RC 0 9 9 barren
13 14 1 barren
29 31 2 barren
114 115 1 Ta
117 118 1 barren
121 122 1 barren
129 135 6 Ta
148 163 15 Li, Ta
165 166 1 barren
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
169 172 3 Ta
199 206 7 Li, Ta
209 211 2 barren
213 215 2 Ta
LRC0402 421,761 6,512,041 278.5 73 90 -60 RC 7 10 3 barren
24 26 2 Ta
68 69 1 barren
94 95 1 barren
122 129 7 Li, Ta
131 134 3 Li, Ta
144 163 19 Li, Ta
184 185 1 barren
186 193 7 Ta
204 205 1 Ta
216 219 3 Ta
221 222 1 barren
226 229 3 Li, Ta
LRC0403 421,931 6,512,439 286.4 151 90 -60 RC 1 2 1 barren
5 7 2 barren
22 23 1 barren
30 31 1 Ta
41 42 1 barren
68 69 1 barren
75 76 1 barren
80 82 2 barren
104 110 6 Li, Ta
111 112 1 Li
113 114 1 Li
115 116 1 barren
132 133 1 barren
138 152 14 Li, Ta
157 158 1 Li
169 176 7 Li, Ta
182 183 1 barren
188 190 2 barren
192 193 1 barren
201 211 10 Li, Ta
LRC0404 421,601 6,512,042 282.0 229 90 -60 RC 50 51 1 barren
55 56 1 barren
60 61 1 Ta
70 73 3 barren
75 76 1 Ta
96 97 1 barren
112 128 16 Li, Ta
132 133 1 barren
142 148 6 Li, Ta
150 151 1 barren
158 170 12 Li, Ta
186 189 3 Li
192 197 5 Li
208 209 1 barren
224 225 1 barren
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
LRC0405 421,758 6,512,118 279.3 229 90 -60 RC 0 3 3 barren
8 9 1 Ta
12 13 1 barren
22 23 1 barren
37 38 1 barren
59 60 1 barren
96 99 3 Ta
112 113 1 barren
132 133 1 barren
134 181 47 Li, Ta
194 197 3 barren
200 201 1 barren
208 210 2 Ta
213 215 2 barren
223 224 1 barren
LRC0406 421,684 6,512,116 280.8 229 90 -60 RC 29 31 2 Ta
60 67 7 Li
103 111 8 Li, Ta
122 149 27 Li, Ta
161 168 7 Li, Ta
171 173 2 Ta
LRC0407 421,603 6,512,118 281.7 229 90 -60 RC 50 54 4 Ta
103 117 14 Li, Ta
138 139 1 Li
151 153 2 Li
155 172 17 Li, Ta
LRC0408 422,020 6,512,003 276.8 115 90 -60 RC 58 63 5 Li, Ta
73 76 3 Ta
101 115 14 Li
LRC0409 421,860 6,511,999 276.5 187 90 -60 RC 91 104 13 Li, Ta
119 121 2 Ta
126 129 3 Li, Ta
133 135 2 Li, Ta
158 169 11 Li, Ta
LRC0410 421,701 6,511,999 278.7 217 90 -60 RC 30 31 1 Ta
145 172 27 Li, Ta
194 207 13 Li, Ta
LRC0411 421,542 6,512,000 280.2 240 90 -60 RC 126 138 12 Li, Ta
165 167 2 Li, Ta
171 174 3 Li, Ta
LRC0412 422,078 6,512,080 278.1 217 90 -60 RC 36 45 9 Li, Ta
78 92 14 Li, Ta
144 147 3 Ta
196 199 3 Ta
LRC0413 422,036 6,512,081 278.3 112 90 -60 RC 35 47 12 Li, Ta
86 102 16 Li, Ta
LRC0414 421,997 6,512,080 278.1 157 90 -60 RC 46 54 8 Li, Ta
63 81 18 Li, Ta
95 110 15 Li
136 139 3 Ta
LRC0415 421,960 6,512,081 277.9 175 90 -60 RC 68 75 7 Ta
112 115 3 Li, Ta
Hole ID Easting Northing RL Depth Azm Dec. Type From To Width Pegmatite
m m m m m m m Type
160 163 3 ta
LRC0416 422,040 6,512,037 277.7 151 90 -60 RC 37 39 2 Ta
42 46 4 Li, Ta
60 61 1 Li
81 93 12 Li, Ta
LRC0417 421,960 6,512,038 277.4 139 90 -60 RC 63 79 16 Ta
114 119 5 Ta
LRC0418 421,960 6,512,160 279.3 109 90 -60 RC 5 10 5 Ta
88 96 8 Ta
LRC0419 421,919 6,512,161 279.2 139 90 -60 RC 100 112 12 Li, Ta
121 124 3 Ta
LRC0420 421,881 6,512,161 279.4 151 90 -60 RC 118 136 18 Li, Ta
LRC0421 421,840 6,512,159 279.4 160 90 -60 RC 59 61 2 Li
136 155 19 Li, Ta
LRC0422 421,800 6,512,160 279.4 187 90 -60 RC 152 180 28 Li, Ta
LRC0423 421,762 6,512,159 279.7 247 90 -60 RC 2 4 2 Ta
25 26 1 Ta
51 52 1 Ta
140 145 5 Ta
162 185 23 Li, Ta
236 242 6 Li, Ta
LRC0424 421,720 6,512,159 280.7 241 90 -60 RC 17 20 3 Ta
58 60 2 Ta
99 107 8 Li, Ta
132 160 28 Li, Ta
183 184 1 Ta
LRC0451 422,402 6,512,040 278.5 220 0 -90 RC 67 69 2 Ta
131 161 30 Li, Ta
LRC0452 422,373 6,511,922 276.6 146 270 -60 RC 65 68 3 Ta
98 100 2 Ta
105 108 3 Li
117 120 3 Li
125 146 21 Li
LRC0453 422,390 6,511,923 276.8 240 0 -90 RC 62 70 8 Li
72 80 8 Li, Ta
108 123 15 Li
161 178 17 Ta
188 191 3 barren
208 224 16 Li
LRC0454 422,402 6,512,122 279.5 170 0 -90 RC 70 72 2 Ta
128 157 29 Li
LRC0455 422,389 6,512,200 281.0 110 270 -60 RC 25 29 4 Ta
Notes 1) The true width of pegmatites are generally considered 80-95% of the intercept width.
2) Only pegmatite intercepts of 1m or more in width are included.
Table 2| Notable Lithium and Tantalum Intercepts
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0243 1 2 1 0.17 195 36 104
33 34 1 0.13 266 64 183
49 50 1 0.14 432 93 137
55 63 8 0.72 285 100 220
incl 58 61 3 1.32 320 110 319
133 139 6 0.67 140 161 83
140 141 1 0.13 156 64 51
LRC0246 141 151 10 0.12 209 104 118
164 166 2 0.05 223 143 141
171 172 1 0.04 155 57 74
183 184 1 0.07 302 72 105
197 209 12 0.10 289 116 102
LRC0249 45 49 4 0.47 522 129 157
LRC0249 incl 47 48 1 0.22 1057 207 191
LRC0249 78 85 7 1.04 66 52 66
LRC0249 85 88 3 0.10 262 102 72
LRC0249 89 90 1 0.33 31 21 62
LRC0249 188 190 2 0.04 239 108 51
LRC0250 8 9 1 0.02 214 36 61
92 95 3 0.04 286 131 179
132 135 3 0.14 181 50 93
144 148 4 0.24 279 79 100
177 179 2 0.47 65 32 160
179 181 2 0.19 554 236 179
181 182 1 0.38 24 29 118
188 194 6 0.10 793 160 122
incl 192 193 1 0.03 3203 408 234
LRC0327 36 37 1 0.12 343 57 203
LRC0327 57 59 2 0.07 372 136 275
LRC0327 118 124 6 0.86 136 84 111
LRC0327 129 132 3 1.07 91 81 124
LRC0327 incl 131 132 1 1.97 120 93 131
LRC0328 76 83 7 0.67 284 112 193
incl 77 80 3 1.24 318 133 223
96 97 1 0.12 324 236 67
159 168 9 1.14 123 108 105
incl 161 166 5 1.49 137 117 127
169 171 2 0.03 306 122 117
LRC0329 3 4 1 0.01 396 114 1118
99 104 5 0.53 224 142 172
incl 102 104 2 1.03 217 100 185
167 168 1 0.09 155 72 118
168 169 1 0.51 81 86 20
170 173 3 0.58 114 93 87
176 178 2 0.55 63 36 61
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
180 181 1 0.07 464 100 1883
LRC0331 29 30 1 0.03 166 114 84
LRC0332 9 13 4 0.05 286 131 208
18 21 3 0.74 189 81 77
incl 19 20 1 1.45 400 114 97
LRC0333 33 37 4 0.75 149 102 144
LRC0334 36 42 6 0.03 534 151 140
incl 41 42 1 0.02 1375 186 295
70 77 7 1.15 285 135 107
incl 76 77 1 1.75 1216 236 255
77 78 1 0.12 779 129 171
83 84 1 0.30 6 7 114
85 92 7 1.03 135 73 88
incl 88 89 1 2.25 282 122 77
and 90 91 1 1.63 96 79 99
LRC0335 15 16 1 0.05 287 50 107
63 65 2 0.04 474 100 117
65 66 1 0.31 129 36 202
86 90 4 0.48 196 72 229
91 92 1 0.03 155 50 178
93 108 15 0.88 665 526 200
incl 93 100 7 1.20 1169 1023 119
and 93 96 3 1.08 2243 1984 117
LRC0336 29 30 1 0.11 348 72 57
LRC0337 51 53 2 0.05 550 240 167
56 57 1 0.46 100 93 51
57 59 2 0.10 643 283 123
62 75 13 0.88 147 65 59
incl 63 69 6 1.50 151 64 74
and 67 68 1 2.23 534 122 142
77 78 1 0.07 173 64 75
79 80 1 0.09 187 57 56
LRC0338 13 14 1 0.13 338 72 279
14 16 2 0.43 103 40 352
23 24 1 0.24 549 114 192
27 29 2 1.07 213 108 91
30 31 1 0.06 164 50 132
LRC0339 20 21 1 0.08 205 64 46
50 52 2 0.06 298 79 99
68 70 2 1.15 137 97 103
incl 68 69 1 1.90 256 172 140
89 91 2 0.04 198 115 81
91 92 1 0.48 35 36 152
94 95 1 0.17 244 72 145
106 107 1 0.16 263 43 95
LRC0340 22 23 1 0.12 189 50 72
27 30 3 0.28 204 131 67
32 33 1 0.37 23 21 103
76 77 1 0.09 487 57 234
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
79 80 1 0.14 358 43 192
92 93 1 0.21 158 57 192
106 107 1 0.13 178 50 91
LRC0342 39 40 1 0.04 204 57 76
70 71 1 0.11 260 86 75
80 81 1 0.50 13 21 206
94 99 5 0.76 77 83 63
99 105 6 0.06 201 109 64
105 106 1 0.34 39 50 41
126 127 1 1.19 72 122 67
129 134 5 1.10 289 472 58
incl 133 134 1 0.78 1001 1603 60
136 138 2 0.75 114 115 70
LRC0343 48 51 3 0.80 225 67 124
incl 49 50 1 1.56 178 64 109
82 83 1 0.03 219 114 24
83 88 5 1.73 72 109 57
90 91 1 0.40 72 43 103
93 94 1 0.31 12 14 61
111 113 2 1.16 49 64 63
118 122 4 0.79 85 95 61
incl 119 120 1 1.11 90 107 66
LRC0344 70 90 20 0.67 51 32 141
91 95 4 0.65 57 27 102
incl 94 95 1 1.47 154 72 140
95 96 1 0.08 366 86 132
LRC0345 44 45 1 0.35 2 -5 116
76 77 1 0.04 426 86 121
LRC0346 51 52 1 0.06 1022 129 121
81 82 1 0.02 175 86 29
82 83 1 0.44 66 43 175
98 106 8 0.64 69 64 72
incl 103 106 3 1.10 77 81 49
108 109 1 0.36 16 21 58
116 119 3 0.38 68 26 213
123 143 20 0.74 77 86 77
incl 132 138 6 1.39 69 91 54
LRC0347 55 57 2 0.39 230 68 178
83 93 10 2.58 162 94 98
incl 84 91 7 3.46 210 127 108
101 102 1 0.36 5 7 69
112 115 3 0.85 133 88 63
incl 112 113 1 1.35 106 93 69
LRC0348 47 49 2 0.06 219 143 57
53 54 1 0.26 372 79 7798
60 61 1 0.09 205 79 184
63 65 2 0.17 361 111 171
75 81 6 0.06 291 189 73
83 85 2 0.19 329 68 134
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
148 150 2 0.09 443 215 73
152 154 2 0.71 58 68 218
157 159 2 0.08 229 143 97
161 218 57 1.62 69 91 52
incl. 162 209 47 1.77 73 96 53
incl 195 208 13 2.03 42 67 54
219 226 7 0.30 541 98 167
incl 222 223 1 1.02 563 43 268
and 223 224 1 0.76 935 79 302
LRC0349 67 68 1 0.08 436 72 97
105 106 1 0.36 40 29 103
117 138 21 0.78 87 89 61
incl 126 129 3 1.59 104 141 60
and 132 135 3 1.18 65 81 59
140 142 2 0.06 385 125 72
LRC0350 93 94 1 0.10 209 57 64
109 116 7 0.46 238 116 111
incl 109 111 2 1.32 151 97 147
139 151 12 0.91 118 99 151
incl 140 143 3 1.34 86 103 99
and 147 150 3 1.37 159 110 138
163 167 4 0.36 35 27 106
181 182 1 0.06 389 93 74
189 190 1 0.14 177 57 60
LRC0351 0 9 9 0.42 181 65 183
24 27 3 0.04 570 83 202
LRC0352 1 13 12 0.36 144 53 190
16 17 1 0.42 126 43 215
22 23 1 0.04 388 107 466
LRC0353 1 7 6 0.67 82 31 122
10 12 2 0.36 110 61 158
28 29 1 0.03 160 57 85
47 48 1 0.07 168 43 154
LRC0354 2 5 3 0.49 107 36 129
8 17 9 0.37 90 31 167
LRC0355 1 14 13 0.39 110 39 138
28 30 2 0.06 456 72 346
LRC0356 1 13 12 0.64 98 30 143
27 28 1 0.05 481 57 267
LRC0357 5 14 9 0.44 102 27 142
15 16 1 0.08 328 64 243
16 17 1 0.12 161 50 124
23 24 1 0.09 175 29 128
LRC0358 6 11 5 0.42 94 32 131
11 12 1 0.18 171 43 159
LRC0389 14 16 2 0.03 207 68 56
55 57 2 0.13 334 86 287
LRC0390 0 1 1 0.03 254 36 104
LRC0393 12 13 1 0.02 687 86 168
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
62 64 2 1.35 87 75 222
65 66 1 0.32 123 21 90
88 91 3 0.71 62 57 107
incl 89 90 1 1.41 28 36 149
104 106 2 0.81 50 61 90
LRC0394 53 61 8 0.57 91 59 193
115 117 2 0.47 17 12 39
120 121 1 0.41 55 43 76
LRC0395 59 65 6 1.13 104 101 112
incl 60 64 4 1.49 134 116 113
72 74 2 0.39 17 29 60
86 89 3 1.19 182 145 103
incl 86 88 2 1.63 218 172 130
96 99 3 1.00 75 91 98
LRC0396 9 11 2 0.03 258 89 85
51 52 1 0.26 200 93 453
52 55 3 0.77 112 81 112
80 83 3 0.38 163 134 57
85 91 6 0.84 113 104 86
incl 85 87 2 1.47 120 115 105
LRC0397 57 58 1 0.46 92 79 119
94 101 7 0.86 102 107 113
incl 96 99 3 1.50 101 110 102
LRC0398 83 84 1 1.82 57 36 258
LRC0399 38 39 1 0.03 183 136 77
40 41 1 0.38 179 72 169
60 64 4 0.83 83 80 66
incl 60 61 1 1.57 111 107 100
77 79 2 1.65 255 258 149
incl 78 79 1 2.40 488 494 217
114 117 3 1.13 42 72 106
LRC0400 24 25 1 0.05 221 143 41
53 58 5 0.96 73 64 135
incl 55 57 2 1.53 99 61 125
58 59 1 0.05 331 236 85
104 105 1 1.31 54 72 84
127 131 4 0.88 63 46 154
incl 128 129 1 2.06 51 50 123
LRC0401 114 115 1 0.09 220 57 433
130 131 1 0.03 188 64 91
150 151 1 0.13 437 308 79
151 155 4 0.99 81 61 122
incl 151 153 2 1.47 50 47 162
157 163 6 0.32 223 148 84
169 172 3 0.03 468 172 93
199 200 1 0.34 13 14 149
200 201 1 0.06 188 64 64
203 204 1 0.05 171 79 128
213 214 1 0.12 219 86 60
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0402 25 26 1 0.06 208 57 102
123 127 4 1.44 299 1839 318
incl 124 126 2 1.75 425 3563 301
131 132 1 0.34 33 36 177
132 133 1 0.17 249 165 97
146 162 16 0.84 134 80 131
incl 147 153 6 1.50 141 84 119
188 193 5 0.10 155 122 175
204 205 1 0.05 263 79 83
217 218 1 0.07 183 64 76
226 227 1 0.24 254 64 159
227 228 1 0.45 78 36 255
LRC0403 30 31 1 0.06 171 36 77
105 106 1 0.34 22 14 141
107 110 3 0.05 367 115 110
111 112 1 0.30 56 14 80
113 114 1 0.42 95 21 202
138 152 14 0.75 232 94 104
incl 143 149 6 1.35 177 98 94
157 158 1 0.35 106 64 60
170 174 4 0.70 118 66 82
incl 172 173 1 1.19 159 72 122
202 204 2 0.12 1205 1105 116
incl 203 204 1 0.06 2079 1960 151
208 209 1 0.11 407 172 91
LRC0404 60 61 1 0.11 151 29 536
75 76 1 0.08 374 157 121
113 128 15 1.21 234 94 116
incl 113 122 9 1.65 258 103 130
142 143 1 0.43 150 57 122
144 148 4 1.86 181 68 174
incl 145 146 1 4.59 286 122 349
159 167 8 0.81 322 130 148
incl 160 161 1 2.40 156 100 199
167 169 2 0.09 332 158 58
187 189 2 0.36 85 47 80
192 194 2 0.83 90 54 86
incl 193 194 1 1.11 50 57 72
LRC0405 8 9 1 0.07 217 29 98
96 98 2 0.14 324 65 175
134 135 1 0.18 579 122 187
135 172 37 0.99 162 109 127
incl. 135 159 24 1.29 239 95 123
incl. 145 159 14 1.45 99 87 104
172 180 8 0.06 301 182 88
209 210 1 0.03 297 64 119
LRC0406 30 31 1 0.09 277 43 180
61 62 1 0.05 662 358 201
104 111 7 0.71 394 121 139
incl 107 109 2 1.34 476 133 156
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
126 127 1 0.07 298 114 182
127 149 22 0.50 368 234 145
incl 129 137 8 0.39 687 366 221
and 138 140 2 1.60 290 401 98
161 168 7 0.69 156 91 127
incl 162 166 4 1.10 149 100 123
171 172 1 0.23 226 122 138
LRC0407 51 52 1 0.16 176 43 179
103 107 4 0.14 490 261 184
107 117 10 1.12 196 109 109
incl 109 116 7 1.33 227 127 107
138 139 1 0.32 88 57 206
151 153 2 0.49 28 21 113
155 170 15 1.42 148 87 114
incl 155 164 9 2.05 137 86 106
LRC0408 59 63 4 1.18 179 106 220
incl 59 61 2 1.81 136 119 144
74 75 1 0.24 158 72 231
101 112 11 1.08 68 86 113
incl 104 111 7 1.41 67 91 99
LRC0409 92 103 11 1.22 209 105 127
incl 98 99 1 2.13 254 114 175
119 121 2 0.15 274 76 70
126 129 3 0.35 135 52 83
133 135 2 0.82 203 144 147
158 164 6 0.41 274 107 127
163 164 1 0.37 104 86 70
166 167 1 0.31 20 21 91
LRC0410 30 31 1 0.10 173 43 83
145 154 9 0.51 317 110 154
157 159 2 0.26 234 93 62
159 172 13 1.09 174 99 94
195 196 1 0.08 154 122 86
200 202 2 0.35 68 154 89
LRC0411 126 138 12 1.31 306 167 116
incl 127 132 5 1.99 232 117 114
165 166 1 0.17 355 150 93
166 167 1 0.31 23 21 67
171 174 3 1.17 132 62 80
LRC0412 37 42 5 0.41 232 130 126
80 88 8 1.05 64 57 80
incl 81 83 2 1.53 63 75 90
and 86 87 1 2.71 34 36 81
88 91 3 0.12 257 79 100
145 146 1 0.07 316 57 108
197 199 2 0.07 311 43 97
LRC0413 35 46 11 0.81 343 147 184
incl 38 42 4 1.62 327 194 135
92 93 1 0.43 71 64 52
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
98 99 1 0.02 182 100 36
LRC0414 46 52 6 0.34 354 135 159
63 64 1 0.06 184 100 65
65 73 8 0.65 53 61 76
77 79 2 1.13 68 72 94
79 80 1 0.16 271 193 67
95 110 15 1.08 129 64 109
137 138 1 0.04 317 100 79
LRC0415 68 71 3 0.02 259 124 112
113 114 1 0.36 76 29 136
114 115 1 0.21 703 215 207
160 163 3 0.15 496 141 102
LRC0416 37 39 2 0.11 1006 462 187
incl 38 39 1 0.05 1527 730 274
42 45 3 0.99 296 229 117
incl 43 45 2 1.44 346 294 124
60 61 1 0.38 65 100 202
82 83 1 0.06 259 79 212
83 89 6 0.39 136 61 198
LRC0417 63 68 5 0.11 261 120 123
116 117 1 0.04 231 79 107
LRC0418 7 8 1 0.03 410 43 132
92 95 3 0.05 227 105 135
LRC0419 100 110 10 0.36 299 92 1757
incl 106 107 1 0.22 611 165 10879
122 124 2 0.08 239 68 90
LRC0420 118 131 13 0.87 135 90 94
incl 120 123 3 1.27 72 95 55
and 128 129 1 1.54 122 93 66
LRC0421 59 60 1 0.14 172 64 69
137 138 1 0.11 217 100 55
139 152 13 0.78 196 114 126
152 154 2 0.25 258 97 129
LRC0422 152 167 15 1.02 141 94 92
incl 156 165 9 1.47 131 111 106
167 169 2 0.21 277 104 123
170 172 2 0.42 88 68 124
172 173 1 0.13 192 122 121
175 179 4 0.38 175 66 121
LRC0423 2 3 1 0.05 236 43 147
25 26 1 0.06 473 36 75
51 52 1 0.09 289 79 99
141 144 3 0.04 692 153 133
incl 141 142 1 0.04 1098 172 168
163 178 15 1.15 114 88 152
incl 169 174 5 1.90 96 92 163
180 185 5 0.15 276 149 61
237 242 5 0.38 357 138 150
incl 239 240 1 1.19 499 179 182
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0424 18 19 1 0.05 320 64 216
58 59 1 0.02 280 107 36
100 107 7 0.60 440 91 133
incl 101 102 1 1.47 393 79 163
134 152 18 0.92 151 107 103
incl 134 144 10 1.15 139 109 109
154 160 6 0.22 231 119 123
183 184 1 0.08 291 64 107
LRC0425 33 34 1 0.07 305 57 75
55 56 1 0.38 128 86 244
56 57 1 0.07 238 122 311
80 82 2 0.17 324 68 81
98 113 15 0.96 381 138 139
incl 99 105 6 1.75 448 177 187
121 122 1 0.45 31 21 114
124 125 1 0.34 32 14 108
127 128 1 0.42 110 43 65
136 153 17 0.89 167 110 104
incl 137 147 10 1.28 172 127 114
LRC0426 43 44 1 0.04 503 86 132
64 66 2 0.21 220 72 71
101 123 22 1.09 249 102 134
incl 106 120 14 1.52 268 107 118
141 156 15 0.73 402 249 168
incl 151 155 4 1.47 341 234 179
LRC0427 50 51 1 0.13 260 50 114
65 66 1 0.18 829 200 300
80 82 2 0.18 820 165 168
incl 81 82 1 0.10 1431 243 170
113 125 12 0.96 325 153 141
incl 118 123 5 1.36 247 146 125
and 123 124 1 0.35 1431 515 264
164 174 10 1.76 338 167 191
LRC0451 67 68 1 0.03 614 93 99
131 133 2 0.10 286 140 109
133 154 21 0.98 87 106 54
incl 134 147 13 1.23 91 110 53
157 161 4 0.27 260 138 91
LRC0452 67 68 1 0.10 215 36 122
98 99 1 0.11 411 129 122
106 107 1 0.32 112 21 114
118 119 1 0.34 4 7 67
127 142 15 1.17 73 85 64
incl 130 139 9 1.49 70 89 58
LRC0453 67 69 2 0.48 41 40 218
72 78 6 0.40 123 64 124
78 79 1 0.03 294 193 69
112 123 11 0.55 30 31 59
incl 114 115 1 1.36 115 122 71
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
176 178 2 0.07 507 111 88
219 222 3 0.41 43 50 86
LRC0454 70 71 1 0.03 209 43 72
128 129 1 0.25 168 86 51
129 157 28 1.49 54 70 51
incl 129 154 25 1.63 51 70 49
incl. 132 134 2 4.27 27 40 59
and 138 139 1 2.04 63 114 57
and 144 147 3 2.01 41 77 58
LRC0455 25 28 3 0.10 418 90 102
LRC0456 69 70 1 0.02 177 29 160
134 172 38 1.38 84 91 55
incl 146 148 2 2.98 393 294 97
173 174 1 0.25 466 100 202
LRC0457 22 24 2 0.05 451 172 123
145 146 1 0.05 153 114 37
147 153 6 1.19 77 79 46
149 151 2 2.01 99 79 55
LRC0501 146 148 2 0.06 538 83 243
LRC0551 55 56 1 0.02 383 129 389
58 59 1 0.02 581 129 323
LRC0552 72 73 1 0.41 131 50 414
Notes
1) Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
2) No significant intercepts in holes LRC0330, LRC0359, LRC0364 and LRC0370, LRC0341
3) LRC0351, LRC0352, LRC0353, LRC0354, LRC0355, LRC0356, LRC0357, LRC0358 returned significant intercepts from tailings
Appendix B
Section 1 Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, Reverse Circulation Drilling, 1m samples
techniques random chips, or specific specialised industry collected
standard measurement tools appropriate to the
minerals under investigation, such as down hole
Diamond drilling, 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.
Criteria JORC Code Explanation Commentary
Location of Accuracy and quality of surveys used to locate drill Collar coordinates are currently only
data points holes (collar and down-hole surveys), trenches, approximate and considered accurate to within
mine workings and other locations used in Mineral 4m measured using hand held GPS. Accurate
Resource estimation. surveying using RTK DGPS is currently being
undertaken on site. Hole collars have been
Specification of the grid system used. preserved until completion of survey.
Quality and adequacy of topographic control.
Data spacing Data spacing for reporting of Exploration Results. Drilling has been conducted on an 80m x 80m
and grid.
distribution Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral The spacing of holes is considered of sufficient
Resource and Ore Reserve estimation procedure(s)
density to provide an ‘Indicated’ or ‘Inferred’
and classifications applied.
Mineral Resource estimation and classification.
Whether sample compositing has been applied.
There has been no sample compositing.
Orientation Whether the orientation of sampling achieves The majority of drilling is angled. Some vertical
of data in unbiased sampling of possible structures and the holes have been drilled in areas where access is
relation to extent to which this is known, considering the limited.
geological deposit type.
structure If the relationship between the drilling orientation The lithium tantalite-bearing pegmatites are
and the orientation of key mineralised structures is generally flat to shallowly dipping in nature. The
considered to have introduced a sampling bias, this true width of pegmatites are generally
should be assessed and reported if material. considered 80-95% of the intercept width, with
minimal opportunity for sample bias.
Sample The measures taken to ensure sample security. The RC samples are taken from the rig by
security experienced personal and stored securely and
transport to the laboratory by a registered
courier and handed over by signature.
Audits or The results of any audits or reviews of sampling No audits have been undertaken to date.
reviews techniques and data.
Section 2 Reporting of Exploration Results
Criteria Explanation Commentary
Mineral Type, reference name/number, The portfolio of mineral tenements, comprising mining leases,
tenement and location and ownership including exploration licences, prospecting licences, miscellaneous
land tenure agreements or material issues with licences, a general-purpose lease, and a retention lease are
status third parties such as joint ventures, in good standing.
partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
The security of the tenure held at
the time of reporting along with any
known impediments to obtaining a
licence to operate in the area.
Exploration Acknowledgment and appraisal of Alluvial tantalite has been mined periodically from the early
done by other exploration by other parties. 1970s.
parties Gwalia Consolidated Limited undertook exploration for
tantalite-bearing pegmatites from 1983-1998. Work included
mapping, costeaning, and several phases of drilling using RAB,
RC, and diamond methods. The work identified mineral
resources that were considered uneconomic at the time.
Criteria Explanation Commentary
Haddington entered agreement to develop the resource and
mining
? commenced in 2001 and continued until 2005.
? Haddington continued with exploration until 2009.
Living Waters acquired the project in 2009 and continued
with limited exploration to the north of the main pit area.
Geology Deposit type, geological setting and The Bald Hill area is underlain by generally north-striking,
style of mineralisation. steeply dipping Archaean metasediments (schists and
greywackes) and granitoids.
Felsic porphyries and pegmatite sheets and veins have
intruded the Archaean rocks. Generally, the pegmatites cross
cut the regional foliation, occurring as gently dipping sheets
and as steeply dipping veins.
The pegmatites vary in width and are generally comprised
quartz-albite- muscovite-spodumene in varying amounts.
Late-stage albitisation in the central part of the main outcrop
area has resulted in fine- grained, banded, sugary pegmatites
with visible fine-grained, disseminated tantalite. A thin
hornfels characterised by needle hornblende crystals is often
observed in adjacent country rocks to the pegmatite.
Intrusives. Tantalite generally occurs as fine disseminated
crystals commonly associated with fine-grained albite zones,
or as coarse crystals associated with cleavelandite.
Weathering of the pegmatites yields secondary mineralised
accumulations in alluvial/eluvial deposits.
Drill hole A summary of all information Only results for drill holes that have intercepted lithium and
Information material to the understanding of the or tantalum pegmatites of 1m or more in width that have
exploration results including a been assayed for lithium have been included in the release.
tabulation of the following
information for all Material drill All drill hole details are contained in Table 1 and 2 of the
holes: release.
• easting and northing of the
drill hole collar
• elevation or RL (Reduced
Level – elevation above sea
level in metres) of the drill
hole collar
• dip and azimuth of the hole
• down hole length and
interception depth
• hole length.
If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain why this is the case.
Data In reporting Exploration Results, No cutting to intercept grades has been undertaken.
aggregation weighting averaging techniques,
methods maximum and/or minimum grade Assays are report as pure elements such as Li, Ta, Nb, Sn and
truncations (e.g. cutting of high converted to oxides using atomic formulas.
grades) and cut-off grades are
usually Material and should be Reported intervals in Table 1 and 2represent the aggregation
stated. of the intercepts containing samples of at least 0.3% Li2O
Criteria Explanation Commentary
Where aggregate intercepts and/or 150ppm Ta2O5, lower grade zones are included
incorporate short lengths of high adjacent to higher grade zones where the grade varies
grade results and longer lengths of significantly from the average of the entire width of the
low grade results, the procedure mineralised pegmatite. Only lithium, tin, niobium and
used for such aggregation should be tantalum oxide results are tabled, other potential by-products
stated and some typical examples of are currently considered to be insignificant in economic
such aggregations should be shown in importance.
detail.
The assumptions used for any
reporting of metal equivalent values
should be clearly stated.
Relationship These relationships are particularly The majority of drilling is angled. Some vertical holes have
between important in the reporting of been drilled in areas where access is limited.
mineralisation Exploration Results.
widths and The lithium tantalite-bearing pegmatites are generally flat to
intercept If the geometry of the mineralisation shallowly dipping in nature. The true width of pegmatites are
lengths with respect to the drill hole angle is generally considered 85-95% of the intercept width, with
known, its nature should be reported minimal opportunity for sample bias.
If it is not known and only the down
hole lengths are reported, there
should be a clear statement to this
effect (e.g. ‘down hole length, true
width not known’).
Diagrams Appropriate maps and sections (with Drilling locations are shown on figure 1 of the release.
scales) and tabulations of intercepts
should be included for any significant
discovery being reported These
should include, but not be limited to
a plan view of drill hole collar
locations and appropriate sectional
views.
Balanced Where comprehensive reporting of Results for all drill holes that have intercepted lithium
reporting all Exploration Results is not pegmatites that have been assayed for lithium have been
practicable, representative reporting included in the release.
of both low and high grades and/or
widths should be practiced to avoid
misleading reporting of Exploration
Results.
Other Other exploration data, if meaningful No metallurgical test work is referred to in this
substantive and material, should be reported announcement.
exploration data including (but not limited to):
geological observations; geophysical
survey results; geochemical survey
results; bulk samples – size and
method of treatment; metallurgical
test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious
or contaminating substances.
Further work The nature and scale of planned Further RC and diamond drilling is warranted at the various
further work (e.g. tests for lateral deposits to explore for additional resources and improve the
extensions or depth extensions or understanding of the current resources prior to mining.
large-scale step-out drilling).
Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
not commercially sensitive.
Date: 25/05/2017 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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