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Significant High-Grade Lithium Discoveries
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
JSE ISIN: AU0000TAWDA9
Share code on the Australian Securities Exchange Limited: TAW
ASX ISIN: AU000000TAW7
(“the Company” or “Tawana”)
Significant High-Grade Lithium Discoveries
Tawana Resources NL (ASX: TAW) (Tawana or the Company) and Alliance Mineral Assets
Limited (SGX:AMA) (AMAL) are pleased to announce that extensional step-out drilling at the
Bald Hill project, Western Australia has yielded several significant lithium and tantalum discoveries.
The discoveries are likely to add significantly to the current Resource base.
Highlights
- New zone of high-grade pegmatites discovered south of Boreline pits, starting close to surface.
Significant results include:
- 6m at 1.79% Li2O from 31m, in water monitoring RC hole GMB03;
- 8m at 1.29% Li2O from 54m, 5m at 1.34% Li2O from 114m and 5m at 1.71% Li2O from
138m in LRC0594;
- 13m at 1.24% Li2O from 56m in LRC0609;
- 12m at 1.55% Li2O from 70m incl. 7m at 2.05% Li2O in LRC0611; and
- 15m at 1.52% Li2O from 87m incl. 8m at 1.79% Li2O in LRC0612.
The mineralised pegmatites remain open to the south east.
- Extensional drilling continues to expand on existing Resource footprint. Significant intercepts
include:
- 22m at 1.09% Li2O from 97m in LRC0663;
- 21m at 1.12% Li2O from 109m incl. 8m at 1.72% Li2O in LRC0464;
- 20m at 1.27% Li2O from 93m incl. 1m at 3.00% Li2O and 6m at 1.99% Li2O in LRC0465;
- 6m at 1.99% Li2O from 34m in LRC0520; and
- 10m at 0.93% Li2O from 135m and 15m at 1.35% Li2O from 153m incl. 11m at 1.64% Li2O in
LRC0432.
- Wide spaced deep drilling has confirmed that the interpreted large SE pegmatite continues below
the starter pit and contains high-grade lithium and tantalum. Significant results include:
- 6.7m at 2.38% Li2O and 346ppm Ta2O5 from 136.2m in LRCD308;
- 19.9m at 1.28% Li2O from 194m incl. 13m at 1.67% Li2O in LRCD0557;
- 10m at 1.74% Li20 and 356ppm Ta2O5 from 240m incl. 1m at 4.66% Li2O and 2,043ppm Ta2O5
in LRC651; and
- 5.7m at 1.66% Li2O from 258m incl. 4m at 1.97% Li2O in LRCD0096.
- Highly anomalous lithium intercept in water bore RC drilling 3.6km to the north of the resource
area:
- 4m at 0.71% Li2O from 91m incl. 1m at 1.76% Li2O and 6m at 0.96% Li2O from 121m including
2m at 1.84% Li2O in KCBPB05;
Tawana Resources Managing Director Mark Calderwood stated: “The footprint of the lithium and
tantalum mineralised pegmatites has been expanded significantly in the last two months with
exciting discoveries to the south east of the Boreline pits and below the starter pit.
The results are expected to add significantly to Inferred Resources and the current focus is on infill
drilling to convert 6Mt of in pit and near pit Inferred Resources to Indicated Resources in preparation
of a Resource and Reserve upgrade in October.
We remain on track to become Australia’s next lithium producers with our first shipment planned
for the first quarter of 2018.”
Recent Drilling
A further 96 exploration Reverse Circulation and Diamond drill holes totalling 14,819m were completed
between 16 May and 15 July 2017. Assays have been received for 123 holes since the May drilling update
(refer ASX announcement dated 25 May 2017 / SGX announcement dated 24 May 2017). Recent intercepts
are summarised in Tables 1 and 2 in Appendix B.
A new zone of high-grade pegmatites was discovered south of Bore Line pits, starting close to surface.
The mineralised pegmatites remain open to the south east. Significant results included:
- 6m at 1.79% Li2O from 31m, in water monitoring RC hole GMB03;
- 8m at 1.29% Li2O from 54m, 5m at 1.34% Li2O from 114m and 5m at 1.71% Li 2O from138m in
LRC0594;
- 13m at 1.24% Li2O from 56m in LRC0609;
- 12m at 1.55% Li2O from 70m incl. 7m at 2.05% Li2O in LRC0611; and
- 15m at 1.52% Li2O from 87m incl. 8m at 1.79% Li2O in LRC0612.
Extensional drilling has expanded the existing Resource footprint. Significant intercepts included:
- 35m at 0.9% Li2O from 97m including 22m at 1.09% Li2O in LRC0663;
- 21m at 1.12% Li2O from 109m incl. 8m at 1.72% Li2O in LRC0464;
- 20m at 1.27% Li2O from 93m incl. 1m at 3.00% Li2O and 6m at 1.99% Li2O in LRC0465;
- 6m at 1.99% Li2O and from 34m incl. 1m at 5.05% Li2O in LRC0520;
- 10m at 0.93% Li2O from 135m and 15m at 1.35% Li2O from 153m incl. 11m at 1.64% Li2O in LRC0432;
and
- 3m at 1,295ppm Ta2O5 from 110m, 15m at 1.11% Li2O from 114m incl. 7m at 1.56% Li2O in LRC0441.
Infill drilling returned significant intercepts as expected, including:
- 14m at 1.37% Li2O from 76m in water bore exploration RC hole KCBPB01;
- 6m at 1.50% Li2O from 39m in water bore exploration RC hole KCBPB02;
- 6m at 1.57% Li2O from 57m in water bore exploration RC hole KCBPB03;
- 14m at 1.19% Li2O from 132m in LRC0463;
- 23m at 1.00% Li2O from 140m incl. 8m at 1.36% Li 2O in LRC0435;
- 16m at 1.35% Li2O and 212ppm Ta205 from 118m in LRC0619; and
- 17m at 2.04% Li2O and 406ppm Ta2O5 from 95m incl. 2m at 5.64% Li2O, and 4m at 1.48% Li2O from
141m in LRC0620.
Wide spaced deep drilling has confirmed that the interpreted large SE pegmatite continues below the
starter pit and contains high-grade lithium and tantalum. Significant results include:
- 6.7m at 2.38% Li2O and 346ppm Ta2O5 from 136.2m in LRCD308;
- 19.9m at 1.28% Li2O from 194m incl. 13m at 1.67% Li2O in LRCD0557;
- 10m at 1.74% Li20 and 356ppm Ta2O5 from 240m incl. 1m at 4.66% Li2O and 2,043ppm Ta2O5 in LRC651;
and
- 5.7m at 1.66% Li2O from 258m incl. 4m at 1.97% Li2O in LRCD0096.
Highly anomalous lithium intercept in water bore RC drilling 3.6km to the north of the resource area
highlighting the broader exploration potential:
- 4m at 0.71% Li2O from 91m incl. 1m at 1.76% Li2O and 6m at 0.96% Li2O from 121m including 2m at
1.84% Li2O in KCBPB05;
The current focus is on infill drilling to convert 6Mt of in pit and near pit Inferred Resources, which reported
to scoping level pit optimisations, to Indicated Resources, in preparation of a Resource and Reserve
upgrade in October. The October Resource upgrade will also take into account additional Inferred
resources which are the result of drilling completed after 10 May 2017; the cut-off date for the current
Resource estimate.
The number of drill rigs has been reduced to one until peak construction accommodation requirements
have passed later this year.
Construction
With all environmental approvals finalised, EPC contractor Primero has mobilised to site and commenced
construction. Regular construction updates will be provided by Tawana and AMAL.
Competent Persons Statement
The information in this news release that relates to Exploration Results is based on and fairly represents information and supporting
documentation compiled by Mr Mark Calderwood and Mr Gareth Reynolds, both employees of Tawana Resources NL (“Tawana”). Mr
Calderwood is a member of The Australasian Institute of Mining and Metallurgy and Mr Reynolds is a member of the Australian Institute
of Geoscientists. Mr Calderwood and Mr Reynolds have sufficient experience relevant to the style of mineralisation under consideration
and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Calderwood and Mr Reynolds consent to the inclusion in
this report of the matters based on their information in the form and context in which it appears. Mr Calderwood and Mr Reynolds meet
the requirements to act as a Qualified Person (as defined in the SGX Catalist rules).
Mr Calderwood is a significant shareholder in Tawana. Mr Calderwood and Tawana do not consider these to constitute a potential conflict
of interest to his role as Competent Person. Mr Calderwood is not aware of any other relationship with Tawana which could constitute a
potential for a conflict of interest.
Mr Reynolds is an employee of Tawana. Mr Reynolds is not aware of any other relationship with Tawana which could constitute a potential
for a conflict of interest.
Forward Looking Statement
This report may contain certain forward looking statements and projections regarding estimated, resources and reserves; planned
production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward
looking statements/projections are estimates for discussion purposes only and should not be relied upon as representation or warranty,
express or implied, of Tawana Resources NL and/or Alliance Mineral Assets Limited. They are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Tawana Resources NL and/or
Alliance Mineral Assets Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially
from results ultimately achieved.
Tawana Resources NL and/or Alliance Mineral Assets Limited does not make any representations and provides no warranties concerning
the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new
information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report
has been prepared in good faith, neither Tawana Resources NL and/or Alliance Mineral Assets Limited or any of their directors, officers,
agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or
correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted
by law, none of Tawana Resources NL and/or Alliance Mineral Assets Limited, their directors, employees or agents, advisers, nor any
other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect
of, the accuracy or completeness of the information or for any of the opinions contained in this announcement or for any errors, omissions
or misstatements or for any loss, howsoever arising, from the use of this announcement.
2 August 2017
Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited
Appendix B
Table 1| Drill Summary, Deeper Extensional Holes with Pegmatite Intercepts
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
GMB02 422467 6511874 276.0 48 0 -90 RC 0 7 7 barren
GMB03 422345 6511653 272.6 48 0 -90 RC 30 48 18 Li, Ta
GMB04 422217 6511572 271.6 48 0 -90 RC 42 44 2 Li, Ta
KCBPB01 422058 6512040 277.6 96 0 -90 RC 33 35 2 Ta
39 42 3 Li, Ta
76 90 14 Li, Ta
KCBPB02 421705 6512721 288.2 143 0 -90 RC 38 47 9 Li, Ta
61 69 8 Li, Ta
70 77 7 Ta
KCBPB03 421746 6512759 289.1 168 0 -90 RC 37 43 6 Li, Ta
55 67 12 Li, Ta
143 147 4 Li, Ta
KCBPB05 420625 6516401 320.2 150 0 -90 RC 73 97 24 Li
121 128 7 Li
LDD0005 421838 6512359 284.7 174.8 95 -59 DD 46.26 49.34 3.08 Li, Ta
65.25 66.52 1.27 Ta
109.25 119.98 10.73 Li, Ta
150.1 158.83 8.73 Li, Ta
LDD0006 421877 6512679 291.3 67.9 87 -60 DD 25.19 32.95 7.76 Li, Ta
33.13 37.19 4.06 Li, Ta
39.53 41 1.47 Li
49 51.76 2.76 Ta
52.5 55.63 3.13 Ta
LRC0344 422084 6512122 278.8 205 90 -60 RC 90 91 1 Li
LRC0428 421682 6512240 282.8 151 90 -60 RC 27 30 3 Ta
38 40 2 Ta
68 70 2 Ta
87 102 15 Li, Ta
115 135 20 Li, Ta
LRC0429 421643 6512241 282.8 181 90 -60 RC 33 35 2 Ta
52 55 3 Li
88 90 2 Ta
96 110 14 Li, Ta
131 142 11 Li, Ta
LRC0430 421560 6512238 282.3 126 90 -60 RC 65 69 4 Ta
96 98 2 Ta
LRC0431 421594 6512237 282.4 181 90 -60 RC 63 65 2 Ta
100 102 2 Ta
119 130 11 Li, Ta
144 153 9 Li
LRC0432 421559 6512200 281.9 181 90 -60 RC 70 72 2 Ta
133 146 13 Li, Ta
152 169 17 Li, Ta
LRC0433 421564 6512158 281.4 216 90 -60 RC 95 99 4 Ta
126 130 4 Ta
138 154 16 Li, Ta
162 167 5 Li
LRC0434 6512081 421879 277.8 222 90 -60 RC 5 8 3 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
68 74 6 Ta
168 171 3 Ta
187 194 7 Li, Ta
206 207 1 Ta
LRC0435 421803 6512079 278.3 216 90 -60 RC 2 4 2 Ta
136 164 28 Li, Ta
186 190 4 Li, Ta
194 196 2 Ta
LRC0436 421720 6512077 279.5 204 90 -60 RC 27 28 1 Ta
97 102 5 Ta
118 140 22 Li, Ta
148 160 12 Li, Ta
LRC0437 421633 6512076 281.6 198 90 -60 RC 72 74 2 Ta
106 118 12 Li, Ta
128 158 30 Li, Ta
174 183 9 Li, Ta
LRC0438 421551 6512076 280.9 200 90 -60 RC 116 130 14 Li, Ta
131 135 4 Li, Ta
151 163 12 Li, Ta
167 169 2 Li
183 190 7 Li, Ta
LRC0439 422081 6511839 274.1 168 90 -60 RC 116 125 9 Li, Ta
LRC0440 421999 6511840 273.8 162 90 -60 RC 123 138 15 Li, Ta
139 143 4 Ta
LRC0441 422160 6511839 274.2 156 90 -60 RC 110 131 21 Li, Ta
LRC0442 422380 6511842 275.6 174 0 -90 RC 98 107 9 Li, Ta
LRC0444 422451 6511841 275.6 252 0 -90 RC 99 102 3 Ta
105 111 6 Li
118 123 5 Ta
168 184 16 Ta
LRC0445 421919 6511839 273.7 192 90 -60 RC 115 139 24 Li, Ta
140 141 1 Ta
LRC0446 421841 6511838 274.2 186 90 -60 RC 9 11 2 Ta
107 110 3 Ta
125 126 1 Ta
128 144 16 Li, Ta
156 162 6 Li, Ta
172 173 1 Ta
LRC0447 422348 6511758 274.4 160 0 -90 RC 12 18 6 Ta
128 132 4 Li, Ta
LRC0448 422359 6511679 272.8 168 0 -90 RC 28 36 8 Li, Ta
LRC0449 422278 6511598 271.5 252 0 -90 RC 17 26 9 Li, Ta
198 203 5 Li, Ta
LRC0450 422360 6511600 272.1 72 0 -90 RC 35 41 6 Li, Ta
LRC0458 422402 6512284 282.4 179 0 -90 RC 158 160 2 Li
161 170 9 Ta
172 173 1 Ta
LRC0459 422435 6512358 282.9 216 0 -90 RC 192 199 7 Li
LRC0460 422360 6512360 284.9 162 0 -90 RC 34 37 3 Ta
134 144 10 Li, Ta
LRC0461 422276 6512360 286.9 144 0 -90 RC 14 19 5 Li
114 130 16 Li, Ta
LRC0462 422315 6511921 276.1 175 0 -90 RC 85 88 3 Li
140 154 14 Li, Ta
160 167 7 Li, Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
LRC0463 422238 6511922 275.6 235 0 -90 RC 86 89 3 Ta
112 117 5 Li, Ta
130 147 17 Li
212 218 6 Li, Ta
LRC0464 422161 6511919 275.3 282 0 -90 RC 109 133 24 Li, Ta
142 150 8 Li, Ta
LRC0465 422080 6511921 275.0 169 0 -90 RC 0 7 7 Ta
93 113 20 Li, Ta
LRC0466 422000 6511920 275.1 169 0 -90 RC 82 85 3 Ta
111 139 28 Li, Ta
LRC0467 421923 6511920 275.1 168 0 -90 RC 98 113 15 Li, Ta
130 146 16 Li, Ta
LRC0469 422052 6511596 272.6 210 0 -90 RC 201 202 1 Li
LRC0473 422284 6512757 297.4 204 0 -90 RC 6 8 2 Ta
LRC0478 421480 6512279 281.9 186 90 -60 RC 90 110 20 Li, Ta
152 168 16 Li, Ta
LRC0479 421395 6512277 280.7 204 90 -60 RC 108 112 4 Li, Ta
119 147 28 Ta
190 192 2 Ta
LRC0480 421399 6512201 280.2 210 90 -60 RC 126 132 6 Li, Ta
162 164 2 Ta
LRC0481 421480 6512119 280.3 192 90 -60 RC 120 131 11 Li, Ta
153 163 10 Li, Ta
175 176 1 Li
178 180 2 Ta
LRC0482 421400 6512118 279.7 180 90 -60 RC 1 7 6 Ta
131 137 6 Li, Ta
166 168 2 Ta
LRC0483 421481 6512036 279.7 180 90 -60 RC 50 51 1 Ta
115 120 5 Li, Ta
124 127 3 Li, Ta
132 138 6 Li, Ta
139 140 1 Ta
151 158 7 Li, Ta
LRC0484 421400 6512039 279.1 168 90 -60 RC 5 8 3 Ta
150 152 2 Ta
LRC0485 421478 6512200 281.1 192 90 -60 RC 103 112 9 Li, Ta
114 115 1 Ta
152 158 6 Li, Ta
167 175 8 Li, Ta
LRC0486 421797 6512519 295.9 180 270 -60 RC 26 27 1 Ta
74 83 9 Li, Ta
102 109 7 Li, Ta
123 129 6 Li, Ta
LRC0506 420479 6512598 283.8 84 0 -90 RC 21 25 4 Ta
LRC0507 420394 6512598 284.4 168 0 -90 RC 37 38 1 Ta
LRC0509 420239 6512598 286.0 90 0 -90 RC 19 24 5 Ta
LRC0518 421199 6512362 283.0 66 0 -90 RC 21 29 8 Ta
109 120 11 Li, Ta
LRC0520 421199 6512280 280.2 132 0 -90 RC 33 40 7 Li
LRC0521 421202 6512202 289.0 186 0 -90 RC 49 55 6 Li, Ta
LRC0523 421123 6512119 279.0 120 0 -90 RC 45 52 7 Li, Ta
LRC0524 421120 6512199 279.4 100 0 -90 RC 62 66 4 Li
LRC0525 421119 6512281 279.7 120 0 -90 RC 42 47 5 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
LRC0526 422202 6512357 287.3 156 0 -90 RC 21 31 10 Ta
77 79 2 Ta
94 99 5 Ta
LRC0527 422240 6512405 288.3 160 0 -90 RC 12 42 30 Li, Ta
63 75 12 Ta
77 79 2 Ta
108 110 2 L
121 125 4 Ta
128 129 1 Ta
LRC0528 422319 6512402 286.5 200 0 -90 RC 39 41 2 Ta
94 95 1 Ta
129 141 12 Li, Ta
LRC0529 422129 6512354 286.0 200 0 -90 RC 7 11 4 Ta
34 42 8 Li, Ta
60 65 5 Li, Ta
91 97 6 Li, Ta
126 128 2 Ta
176 189 13 Ta
LRC0530 422159 6512359 286.7 300 0 -90 RC 17 29 12 Ta
38 60 22 Li, Ta
82 101 19 Li, Ta
115 116 1 Ta
140 144 4 Li
LRC0531 422279 6512480 289.0 222 270 -60 RC 19 28 9 Ta
78 82 4 Li
116 122 6 Ta
LRC0532 422317 6512479 288.1 162 0 -90 RC 51 55 4 Ta
143 148 5 Ta
LRC0535 422280 6512559 291.2 162 270 -60 RC 0 10 10 Ta
101 110 9 Ta
LRC0544 421674 6513076 288.3 250 0 -90 RC 27 32 5 Ta
92 96 4 Ta
108 120 12 Li, Ta
145 155 10 Li, Ta
184 188 4 Ta
LRC0545 421598 6513080 286.7 186 0 -90 RC 106 113 7 Li, Ta
123 132 9 Li, Ta
143 151 8 Li, Ta
157 163 6 Li, Ta
166 171 5 Ta
LRC0546 421523 6513079 285.6 204 0 -90 RC 117 123 6 Ta
139 144 5 Li, Ta
150 152 2 Li
179 195 16 Li, Ta
LRC0547 421628 6513234 287.0 162 0 -90 RC 8 9 1 Ta
LRC0548 421478 6513237 285.4 174 0 -90 RC 156 160 4 Li, Ta
LRC0549 421767 6512563 296.4 162 270 -60 RC 17 18 1 Ta
82 87 5 Li, Ta
115 123 8 Li, Ta
135 143 8 Li, Ta
LRC0550 421759 6512606 296.4 156 270 -60 RC 38 40 2 Ta
71 78 7 Li, Ta
103 111 8 Li, Ta
132 136 4 Li
LRC0554 421363 6512920 283.3 126 0 -90 RC 93 103 10 Li
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
LRC0555 421521 6512998 285.7 97 0 -90 RC 50 54 4 Ta
LRC0558 422571 6512200 278.7 258 270 -60 RC 219 242 23 Li
LRC0565 422720 6512198 278.4 148 0 -90 RC 52 54 2 Ta
LRC0566 422599 6511800 274.6 296 0 -90 RC 174 179 5 Ta
LRC0574 421836 6511400 273.7 150 0 -90 RC 12 17 5 Ta
LRC0588 421838 6511801 273.9 192 90 -60 RC 108 113 5 Ta
128 143 15 Li, Ta
161 168 7 Li, Ta
LRC0589 421760 6511800 274.6 216 90 -60 RC 1 10 9 Ta
28 29 1 Ta
123 145 22 Li, Ta
156 162 6 Ta
LRC0590 421677 6511800 275.3 216 90 -60 RC 47 48 1 Ta
143 154 11 Ta
156 165 9 Li, Ta
195 200 5 Li, Ta
LRC0591 421598 6511800 276.5 216 90 -60 RC 174 186 12 Ta
LRC0592 421519 6511802 278.2 264 90 -60 RC 113 116 3 Ta
125 127 2 Ta
146 147 1 Ta
164 165 1 Ta
239 247 8 Ta
LRC0593 422438 6511360 271.1 162 0 -90 RC 22 25 3 Li
47 49 2 Ta
54 55 1 Li
59 62 3 Li, Ta
101 104 3 Li
LRC0594 422599 6511440 271.7 162 0 -90 RC 54 62 8 Li
113 124 11 Li, Ta
137 146 9 Li
LRC0595 422515 6511361 272.2 156 0 -90 RC 19 30 11 Li, Ta
63 66 3 Ta
111 120 9 Li, Ta
LRC0596 422597 6511361 271.1 192 0 -90 RC 62 79 17 Li
130 144 14 Li, Ta
LRC0602 422360 6511519 271.2 72 0 -90 RC 43 50 7 Li, Ta
LRC0603 422399 6511441 271.0 100 0 -90 RC 52 58 6 Li, Ta
69 70 1 Ta
LRC0604 422239 6511441 271.1 120 0 -90 RC 77 79 2 Ta
LRC0605 422531 6511835 275.1 90 0 -90 RC 0 2 2 Ta
LRC0606 422530 6511759 274.3 80 0 -90 RC 0 2 2 Ta
8 13 5 Ta
LRC0607 422438 6511596 271.9 80 0 -90 RC 35 39 4 Li
49 55 6 Li, Ta
58 62 4 Li, Ta
LRC0608 422437 6511518 271.3 100 0 -90 RC 33 40 7 Li, Ta
57 60 3 Li
66 70 4 Li
82 85 3 Li, Ta
LRC0609 422516 6511598 272.6 100 0 -90 RC 56 75 19 Li, Ta
76 85 9 Li
LRC0610 422597 6511599 273.3 160 0 -90 RC 39 47 8 Ta
60 71 11 Li, Ta
LRC0611 422518 6511519 272.0 246 0 -90 RC 40 43 3 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
70 82 12 Li
85 90 5 Li, Ta
101 103 2 Ta
LRC0612 422597 6511520 272.3 108 0 -90 RC 83 108 25 Li, Ta
LRC0613 422444 6511680 273.0 150 0 -90 RC 27 52 25 Li, Ta
LRC0614 422518 6511680 273.2 90 0 -90 RC 35 47 12 Li, Ta
LRC0615 422517 6511440 271.8 126 0 -90 RC 52 55 3 Li
85 86 1 Li
104 108 4 Li, Ta
110 115 5 Li, Ta
LRC0616 421962 6512120 278.7 126 90 -60 RC 96 99 3 Li
LRC0617 421879 6512119 278.6 144 90 -60 RC 123 135 12 Li, Ta
LRC0618 421799 6512120 278.9 175 90 -60 RC 147 164 17 Li, Ta
166 168 2 Li
LRC0619 421723 6512121 281.0 156 90 -60 RC 9 12 3 Ta
26 27 1 Ta
62 63 1 Ta
96 101 5 Li, Ta
102 110 8 Li, Ta
115 136 21 Li, Ta
145 152 7 Ta
LRC0620 421640 6512119 281.5 187 90 -60 RC 46 47 1 Ta
95 112 17 Li, Ta
140 155 15 Li, Ta
173 177 4 Li, Ta
LRC0621 421559 6512114 281.4 192 90 -60 RC 57 58 1 Ta
95 101 6 Ta
122 124 2 Ta
126 128 2 Li, Ta
149 154 5 Li, Ta
162 171 9 Li, Ta
LRC0651 421716 6512673 292.9 264 270 -60 RC 0 3 3 Ta
61 66 5 Li, Ta
93 102 9 Li, Ta
113 115 2 Li
240 252 12 Li, Ta
LRC0663 422307 6511840 276.1 150 0 -90 RC 97 137 40 Li, Ta
LRCD0038 421310 6512001 278.3 330.3 0 -90 RC/DD 293.7 302.64 8.94 Li, Ta
306.5 311.97 5.47 Li
LRCD0079 421520 6512599 283.6 186.2 90 -60 RC/DD 160 161.21 1.21 barren
LRCD0096 421361 6512438 281.2 291 0 -90 RC/DD 136.36 138.43 2.07 barren
139.77 141.8 2.03 Li, Ta
256.81 263.69 6.88 Li
LRCD0151 421518 6512441 283.1 219.3 90 -60 RC/DD 141.5 144.76 3.26 Li, Ta
169.76 175.66 5.9 Li, Ta
LRCD0173 421757 6512638 296.2 261.3 0 -90 RC/DD 91.66 96.93 5.27 Li
203.35 205.73 2.38 Li, Ta
206.57 208.67 2.1 Ta
227.42 229.81 2.39 Li, Ta
237.75 245.32 7.57 Li, Ta
LRCD0308 421881 6512639 290.5 159.1 0 -90 RC/DD 136.16 142.85 6.69 Li, Ta
144.22 146.92 2.7 Li, Ta
LRCD0408 422020 6512003 276.8 279.3 0 -90 RC/DD 216.2 223.5 7.3 Ta
Easting Northing RL Depth From To Width Pegmatite
Hole ID m m m m Azm Dec. Type m m m Type
262.85 265.95 3.1 Li, Ta
LRCD0455 422389 6512200 281.0 159.4 0 -90 RC/DD 127.86 139.05 11.19 Li, Ta
LRCD0557 422581 6511998 277.2 287.6 270 -60 RC/DD 194.23 214.1 19.87 Li, Ta
223.34 224.65 1.31 Ta
Notes 1) The true width of pegmatites are generally considered 80-95% of the intercept width.
2) Only pegmatite intercepts of 1m or more in width are included.
Table 2| Notable Lithium and Tantalum Intercepts
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
GMB02 no significant intercepts
GMB03 31 37 6 1.79 227 155 124
37 39 2 0.20 270 86 81
GMB04 42 43 1 0.07 305 79 128
KCBPB01 33 34 1 0.12 305 122 156
39 42 3 0.43 193 67 237
76 90 14 1.37 165 95 100
incl 78 80 2 2.38 62 83 83
and 83 88 5 2.01 124 86 86
KCBPB02 39 45 6 1.50 123 60 168
incl 39 43 4 2.07 178 89 205
62 63 1 0.04 394 143 472
64 65 1 0.67 57 79 67
66 73 7 0.30 176 68 230
KCBPB03 37 41 4 0.24 275 84 214
57 63 6 1.57 107 67 190
143 146 3 0.37 339 103 121
KCBPB05 81 83 2 0.46 33 50 36
91 95 4 0.71 59 102 63
incl 93 94 1 1.76 66 100 64
121 127 6 0.96 46 91 57
incl 122 124 2 1.84 79 129 93
LDD0005 46.26 49.34 3.1 1.23 313 142 180
110 112 2.0 1.16 182 132 149
115 116 1.0 0.53 41 79 66
118 119 1.0 0.80 256 122 121
155 158 3.0 0.56 150 67 103
LDD0006 25.19 28 2.8 2.95 462 201 442
31 32.95 2.0 0.90 239 83 120
34 36 2.0 0.67 148 64 175
LRC0344 90 91 1 0.50 43 21 169
LRC0428 28 29 1 0.03 1017 136 236
38 40 2 0.15 407 122 154
68 69 1 0.09 159 50 75
88 102 14 0.94 210 109 111
incl 90 98 8 1.32 236 133 133
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
116 134 18 0.39 265 143 129
incl 129 130 1 1.36 137 79 116
LRC0429 33 34 1 0.18 175 29 152
53 54 1 0.35 103 50 246
88 89 1 0.20 173 72 174
96 110 14 0.83 145 94 151
incl 97 105 8 1.19 156 119 156
132 142 10 0.91 212 120 102
incl 136 140 4 1.65 248 147 149
LRC0430 66 68 2 0.13 750 337 210
96 97 1 0.18 190 43 175
LRC0431 64 65 1 0.03 389 93 65
100 101 1 0.14 388 93 177
119 129 10 1.13 119 100 118
incl 121 128 7 1.38 130 106 132
146 152 6 0.97 99 75 96
incl 148 151 3 1.56 114 93 136
LRC0432 70 71 1 0.19 223 79 85
135 145 10 0.93 125 96 119
incl 136 141 5 1.21 94 96 122
153 168 15 1.35 115 98 93
incl 155 166 11 1.64 118 100 91
LRC0433 97 98 1 0.03 179 93 65
127 128 1 0.03 201 129 85
138 154 16 0.75 154 105 109
incl 148 152 4 1.24 129 117 105
162 165 3 0.85 110 98 71
LRC0434 7 8 1 0.07 190 43 80
69 72 3 0.02 181 117 79
148 152 4 0.43 172 82 120
168 170 2 0.12 182 61 94
187 188 1 0.43 133 72 248
188 194 6 0.07 279 113 111
206 207 1 0.19 641 114 145
LRC0435 2 3 1 0.08 156 50 75
137 138 1 0.17 154 57 135
140 163 23 1.00 106 105 106
incl 143 144 1 1.63 269 157 151
and 149 157 8 1.36 74 110 73
and 161 162 1 1.75 68 86 89
186 187 1 0.34 67 36 122
187 189 2 0.05 502 172 112
195 196 1 0.18 413 293 513
LRC0436 27 28 1 0.10 287 107 70
99 100 1 0.22 164 50 102
118 139 21 0.81 207 92 115
incl 126 133 7 1.59 251 123 136
148 156 8 0.87 157 89 125
incl 152 156 4 1.47 119 93 118
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
157 159 2 0.04 177 107 78
LRC0437 73 74 1 0.04 188 86 43
106 112 6 0.25 236 94 53
112 117 5 0.74 182 73 104
128 129 1 0.31 21 14 107
131 155 24 0.53 251 128 112
incl 138 140 2 1.37 161 190 85
and 143 144 1 1.64 195 79 316
177 181 4 0.98 111 93 104
181 182 1 0.08 154 93 51
LRC0438 117 133 16 0.78 171 82 92
incl 125 128 3 1.57 176 84 94
133 134 1 0.20 206 86 74
152 163 11 0.87 206 129 110
incl 155 158 3 1.77 137 83 117
167 169 2 0.35 79 39 119
184 187 3 1.81 88 88 74
incl 184 186 2 2.51 114 108 95
187 188 1 0.14 195 86 165
LRC0439 116 121 5 0.70 197 86 172
incl 118 119 1 1.40 71 79 166
123 124 1 0.05 590 129 124
LRC0440 124 133 9 0.71 163 85 125
incl 124 127 3 1.06 200 114 134
133 136 3 0.11 165 102 99
140 142 2 0.04 206 111 83
LRC0441 110 113 3 0.11 1295 465 162
114 129 15 1.11 93 78 100
incl 120 127 7 1.56 64 59 91
129 130 1 0.04 153 57 122
LRC0442 103 104 1 0.48 89 193 108
104 106 2 0.09 222 154 86
LRC0444 99 101 2 0.12 190 65 102
105 106 1 0.40 20 14 147
118 119 1 0.19 177 72 77
121 122 1 0.09 184 122 90
168 169 1 0.27 203 107 121
LRC0445 116 134 18 0.74 184 95 116
incl 117 120 3 1.77 318 105 157
140 141 1 0.14 278 86 84
LRC0446 9 11 2 0.01 285 65 233
107 110 3 0.06 218 126 82
125 126 1 0.12 338 122 137
135 138 3 0.65 140 100 98
142 144 2 0.05 460 201 201
158 161 3 0.96 125 102 104
incl 159 160 1 1.37 162 114 131
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
172 173 1 0.12 790 129 145
LRC0447 15 18 3 0.04 208 124 162
128 130 2 0.32 241 133 145
LRC0448 28 30 2 0.49 43 58 60
32 33 1 0.06 170 107 210
34 36 2 0.47 131 97 122
LRC0449 19 20 1 0.21 199 129 138
20 22 2 0.74 85 93 135
24 25 1 0.07 181 136 137
198 202 4 0.79 184 113 80
LRC0450 35 36 1 0.42 208 172 170
LRC0458 158 160 2 0.95 50 61 58
164 165 1 0.03 165 114 24
172 173 1 0.22 153 50 132
LRC0459 193 194 1 0.60 85 100 80
195 196 1 0.45 79 107 67
LRC0460 35 36 1 0.01 327 93 57
135 140 5 1.15 113 117 55
142 143 1 0.46 282 122 88
LRC0461 16 17 1 0.71 111 86 71
114 120 6 1.07 75 84 74
121 122 1 0.08 203 100 30
123 129 6 0.75 96 81 47
incl 124 126 2 1.44 68 72 51
LRC0462 85 86 1 0.40 15 7 126
87 88 1 0.30 159 43 127
140 141 1 0.09 209 107 102
141 150 9 0.70 89 103 51
incl 146 147 1 1.30 60 86 48
162 165 3 0.35 85 143 49
166 167 1 0.10 160 143 65
LRC0463 87 88 1 0.07 153 57 86
114 115 1 0.17 392 72 64
115 117 2 0.33 114 47 120
132 146 14 1.19 77 93 59
215 217 2 0.34 605 65 357
LRC0464 109 130 21 1.12 114 81 91
incl 111 113 2 1.79 66 82 120
and 121 129 8 1.72 97 85 70
131 133 2 0.07 232 104 50
142 143 1 0.31 22 29 90
146 147 1 0.05 284 136 107
LRC0465 6 7 1 0.03 322 93 1881
93 113 20 1.27 126 78 100
incl 94 95 1 3.00 48 43 293
and 97 103 6 1.95 68 51 91
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0466 83 85 2 0.10 304 75 113
111 125 14 0.79 126 83 96
incl 116 120 4 1.68 84 100 90
127 135 8 0.07 391 140 106
LRC0467 98 110 12 0.75 276 140 137
incl 99 101 2 1.24 233 151 109
and 106 108 2 1.30 249 122 138
130 145 15 0.59 136 79 116
incl 131 133 2 1.68 188 111 174
LRC0469 201 202 1 0.31 79 50 189
LRC0473 6 7 1 0.04 346 36 188
LRC0478 90 98 8 0.68 222 114 111
incl 93 94 1 1.34 237 114 142
102 108 6 0.29 169 101 101
153 154 1 0.07 228 165 142
154 162 8 1.78 234 210 129
incl 154 155 1 2.33 107 107 103
and 156 160 4 2.42 326 308 175
162 165 3 0.08 440 286 178
LRC0479 108 112 4 1.26 148 84 88
120 121 1 0.03 272 114 85
146 147 1 0.03 492 436 25
190 191 1 0.03 153 86 61
LRC0480 126 128 2 0.52 235 101 117
130 131 1 0.04 346 93 85
162 163 1 0.25 204 157 156
LRC0481 120 122 2 0.03 292 115 125
124 131 7 0.69 226 111 97
incl 124 127 3 1.30 114 81 79
153 158 5 0.42 227 221 87
incl 157 158 1 1.20 216 408 126
158 161 3 0.55 59 74 55
161 162 1 0.08 786 487 173
175 176 1 0.44 22 14 301
178 180 2 0.02 377 179 63
LRC0482 6 7 1 0.01 230 86 1306
131 136 5 1.36 271 120 107
incl 133 136 3 1.85 252 124 126
166 167 1 0.09 219 136 39
LRC0483 50 51 1 0.04 208 50 57
117 119 2 0.06 509 251 83
119 120 1 0.32 16 14 72
124 127 3 0.31 115 81 119
133 137 4 0.16 261 143 133
137 138 1 0.48 38 29 179
139 140 1 0.15 466 129 150
152 157 5 0.89 188 96 74
incl 153 156 3 1.39 136 95 62
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0484 7 8 1 0.01 601 293 1650
151 152 1 0.03 453 93 194
LRC0485 104 109 5 0.53 206 140 181
114 115 1 0.11 238 114 67
153 156 3 0.92 32 55 68
incl 154 155 1 1.36 37 79 76
156 157 1 0.16 219 86 119
169 175 6 1.11 90 97 92
incl 169 172 3 1.72 48 81 98
LRC0486 26 27 1 0.05 864 129 409
74 75 1 0.55 62 36 300
78 79 1 0.73 54 21 76
79 80 1 0.04 863 143 113
103 105 2 1.43 212 297 305
107 108 1 0.10 216 93 174
108 109 1 0.30 24 29 110
124 128 4 0.68 106 82 79
incl 125 126 1 1.31 48 50 64
LRC0506 22 23 1 0.20 302 308 236
LRC0507 37 38 1 0.03 234 43 100
LRC0509 19 20 1 0.03 220 50 76
LRC0518 25 28 3 0.01 557 224 69
111 117 6 1.28 93 107 137
incl 113 116 3 1.74 133 146 182
LRC0520 34 40 6 1.99 52 22 159
incl 36 37 1 5.05 22 -5 362
and 37 38 1 2.68 134 43 311
LRC0521 49 54 5 0.78 529 256 193
incl 51 52 1 2.25 933 229 316
LRC0523 48 50 2 0.32 566 454 147
LRC0524 63 66 3 1.04 108 81 154
incl 64 66 2 1.33 120 97 163
LRC0525 42 45 3 0.02 177 76 148
. 24 27 3 0.02 358 112 118
77 79 2 0.14 342 136 181
98 99 1 0.12 300 122 95
LRC0527 17 18 1 0.08 199 57 74
18 22 4 0.34 32 23 154
24 26 2 0.04 272 65 151
26 38 12 0.57 122 93 116
incl 27 28 1 1.52 109 107 83
39 40 1 0.20 168 64 197
64 66 2 0.09 341 100 167
71 75 4 0.07 245 97 84
78 79 1 0.08 256 43 38
109 110 1 0.31 17 14 127
121 124 3 0.12 301 98 99
128 129 1 0.09 299 79 48
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
LRC0528 39 41 2 0.09 217 54 124
94 95 1 0.06 451 93 171
129 131 2 0.68 84 86 73
133 134 1 0.03 176 107 43
LRC0529 7 9 2 0.03 175 72 65
34 37 3 0.39 304 133 187
39 40 1 0.09 179 64 121
62 65 3 0.62 199 105 177
incl 63 64 1 1.27 230 136 135
93 97 4 0.80 360 145 84
incl 93 95 2 1.37 562 165 115
126 127 1 0.04 398 86 65
183 184 1 0.06 198 100 127
LRC0530 18 19 1 0.02 249 143 79
22 27 5 0.10 203 103 226
39 41 2 0.26 429 76 209
42 58 16 0.49 280 114 146
incl 48 49 1 1.60 208 86 225
and 54 56 2 1.72 289 158 166
82 83 1 0.14 194 114 89
83 93 10 0.50 119 84 111
97 98 1 0.09 178 136 62
115 116 1 0.16 255 79 145
140 141 1 0.38 143 86 495
LRC0531 21 24 3 0.06 277 74 144
79 81 2 1.11 131 97 76
LRC0532 52 53 1 0.03 387 64 177
144 145 1 0.03 270 86 84
LRC0535 1 2 1 0.04 479 114 217
102 105 3 0.03 197 114 55
LRC0544 30 31 1 0.04 398 64 339
92 93 1 0.06 613 100 221
110 116 6 0.38 331 131 168
incl 111 112 1 1.71 162 64 224
148 150 2 0.27 195 90 149
184 185 1 0.08 153 43 138
LRC0545 106 112 6 0.34 365 88 170
incl 108 109 1 1.09 211 93 147
128 129 1 0.33 16 21 157
129 130 1 0.18 173 79 112
145 146 1 0.44 27 29 197
147 149 2 0.15 353 211 213
158 160 2 0.74 189 72 162
167 170 3 0.04 220 112 105
LRC0546 119 121 2 0.03 206 100 70
140 143 3 0.07 155 112 130
143 144 1 0.33 83 57 245
151 152 1 0.56 27 21 320
181 182 1 0.05 297 79 338
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
183 193 10 0.97 74 63 217
incl 184 187 3 1.75 65 88 248
193 195 2 0.14 282 144 168
LRC0547 8 9 1 0.03 886 114 606
LRC0548 157 159 2 0.69 1062 691 215
incl 157 158 1 1.12 1214 801 215
LRC0549 17 18 1 0.05 287 43 104
82 85 3 0.18 202 64 85
115 120 5 0.62 70 56 152
120 121 1 0.29 176 86 194
135 139 4 0.66 227 141 190
incl 138 139 1 1.51 81 64 76
LRC0550 38 40 2 0.08 397 43 99
71 72 1 0.44 57 64 71
73 74 1 0.15 276 107 41
103 108 5 1.16 69 64 126
110 111 1 0.27 211 79 185
132 135 3 0.68 92 74 130
LRC0554 93 101 8 0.75 51 31 111
LRC0555 51 52 1 0.14 154 29 191
LRC0565 53 54 1 0.07 405 57 118
LRC0566 174 175 1 0.03 182 50 42
178 179 1 0.02 448 129 196
LRC0558 219 238 19 0.96 57 86 53
incl 221 228 7 1.39 55 86 41
and 230 235 5 1.12 52 95 57
LRC0574 13 14 1 0.01 247 100 437
LRC0588 108 113 5 0.03 311 130 81
128 130 2 0.01 318 140 70
133 134 1 0.03 269 122 53
134 139 5 0.77 127 101 82
incl 136 137 1 1.55 209 157 97
142 143 1 0.03 151 93 74
161 165 4 0.58 71 72 80
166 168 2 0.04 334 132 96
LRC0589 6 7 1 0.00 193 72 465
28 29 1 0.01 496 129 66
123 129 6 1.16 213 126 139
incl 126 129 3 1.93 196 121 185
129 132 3 0.17 345 291 160
133 138 5 0.39 43 65 52
157 162 5 0.09 401 223 146
LRC0590 47 48 1 0.05 383 100 309
143 144 1 0.26 159 79 110
152 153 1 0.09 171 100 90
158 165 7 0.72 297 204 180
incl 158 159 1 0.01 619 458 24
and 159 162 3 1.50 303 215 301
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
195 196 1 1.67 214 193 126
LRC0591 174 184 10 0.06 165 87 82
LRC0592 114 115 1 0.06 160 72 102
125 126 1 0.07 287 172 70
146 147 1 0.30 161 79 297
164 165 1 0.05 476 114 85
239 246 7 0.04 224 163 95
LRC0593 22 24 2 1.72 64 100 79
48 49 1 0.12 264 243 144
54 55 1 0.60 4 14 166
59 62 3 0.47 333 210 113
incl 59 60 1 0.09 724 436 112
and 61 62 1 1.20 212 136 127
101 102 1 0.40 147 114 119
LRC0594 54 62 8 1.29 80 89 104
incl 55 56 1 2.68 82 100 102
113 114 1 0.24 204 93 114
114 121 7 1.13 130 109 89
incl 114 119 5 1.34 90 103 72
138 145 7 1.34 41 81 41
incl 139 144 5 1.71 47 92 45
LRC0595 19 28 9 0.43 51 38 101
64 65 1 0.19 195 114 79
111 112 1 0.17 397 265 138
112 118 6 1.29 88 82 80
LRC0596 62 63 1 0.55 65 86 206
67 74 7 0.33 72 76 77
131 138 7 1.36 88 85 77
138 139 1 0.12 654 157 154
LRC0602 44 48 4 0.49 252 77 94
incl 46 47 1 1.77 117 57 146
LRC0603 52 54 2 0.50 59 36 106
54 58 4 0.16 449 182 124
incl 55 56 1 0.03 1304 565 108
69 70 1 0.12 175 122 165
LRC0604 77 78 1 0.04 160 64 52
LRC0605 0 2 2 0.02 377 83 847
LRC0606 0 2 2 0.07 290 68 668
9 12 3 0.04 427 255 223
LRC0607 38 39 1 0.44 40 50 249
49 52 3 0.61 134 145 96
54 55 1 0.51 88 79 126
58 62 4 0.97 124 84 118
incl 58 59 1 1.95 190 114 201
LRC0608 35 37 2 1.68 519 422 112
57 60 3 0.69 59 48 105
67 69 2 0.85 42 72 43
82 85 3 0.38 473 100 140
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
incl 83 84 1 0.28 1004 186 203
LRC0609 56 69 13 1.24 90 85 80
69 70 1 0.18 172 143 85
72 79 7 0.32 47 39 38
82 84 2 1.22 134 151 43
LRC0610 44 45 1 0.09 643 193 88
60 64 4 0.75 121 97 124
incl 62 63 1 1.60 160 150 154
66 71 5 0.83 95 84 85
incl 66 68 2 1.51 60 93 76
LRC0611 41 42 1 0.09 306 107 91
70 82 12 1.55 74 100 64
incl 71 78 7 2.05 69 124 59
85 88 3 0.38 182 65 174
101 102 1 0.12 186 29 390
LRC0612 87 102 15 1.52 102 103 82
incl 88 96 8 1.79 106 115 79
102 103 1 0.28 735 114 337
LRC0613 30 43 13 0.79 146 108 140
incl 31 33 2 1.43 204 136 127
and 37 39 2 1.15 128 104 91
51 52 1 0.08 159 29 71
LRC0614 36 37 1 0.06 179 64 94
37 44 7 1.57 95 99 80
45 46 1 0.07 302 100 104
LRC0615 52 54 2 1.01 100 72 176
85 86 1 0.60 48 107 71
104 108 4 1.54 118 75 100
incl 104 106 2 2.06 184 108 109
110 114 4 0.87 246 115 196
incl 113 114 1 1.30 248 122 184
LRC0616 97 99 2 0.83 55 39 111
incl 97 98 1 1.35 78 57 128
LRC0617 125 134 9 0.31 245 106 184
incl 128 130 2 1.16 279 136 138
LRC0618 148 157 9 1.05 85 93 114
incl 152 157 5 1.49 94 100 146
160 162 2 0.42 179 136 115
166 167 1 0.31 87 43 213
LRC0619 9 10 1 0.06 168 29 66
26 27 1 0.07 319 57 67
62 63 1 0.11 161 50 97
96 99 3 0.12 724 124 146
99 101 2 0.48 53 22 170
102 106 4 0.12 481 181 86
106 110 4 0.42 61 34 210
116 118 2 0.12 194 83 97
118 134 16 1.35 212 119 114
From To Interval Li2O Ta2O5 Nb2O5 SnO2
Hole ID
m m m % ppm ppm ppm
incl 121 122 1 2.01 170 79 164
and 125 129 4 2.13 242 170 131
134 135 1 0.19 252 114 65
145 151 6 0.08 207 156 135
LRC0620 46 47 1 0.05 524 100 118
95 112 17 2.04 406 218 193
incl 97 98 1 0.53 2078 1402 184
and 109 111 2 5.64 106 50 373
141 145 4 1.48 144 118 85
146 152 6 0.49 225 104 137
174 177 3 0.43 112 62 60
LRC0621 57 58 1 0.08 302 86 199
96 100 4 0.05 346 175 107
123 124 1 0.17 219 100 152
126 128 2 0.52 233 101 90
150 154 4 0.76 162 81 189
incl 150 151 1 1.23 176 72 126
162 169 7 0.96 179 99 109
incl 163 164 1 1.54 73 64 69
and 167 169 2 1.71 254 100 196
LRC0651 0 1 1 0.17 166 72 235
62 64 2 0.78 455 118 164
95 99 4 1.26 74 57 144
incl 95 96 1 2.16 98 86 210
99 100 1 0.18 190 50 298
113 114 1 0.38 150 93 69
240 250 10 1.74 356 195 212
incl 244 245 1 4.66 2043 930 610
250 252 2 0.08 199 93 143
LRC0663 97 132 35 0.91 80 73 93
incl 103 125 22 1.09 78 75 97
LRCD0038 295 297 2.0 1.36 218 383 81
299 302 3.0 0.76 115 180 81
306.5 310 3.5 1.48 32 92 74
LRCD0151 170 175.66 5.7 0.90 167 87 132
LRCD0173 93 96 3.0 1.21 40 64 64
204 205 1.0 0.76 365 50 107
228 229.81 1.8 1.43 323 151 224
238 240 2.0 0.75 215 168 150
LRCD0308 136.16 142.85 6.7 2.38 342 149 225
144.22 146.92 2.7 1.18 131 62 130
LRCD0408 264 265 1.0 1.90 43 79 86
LRCD0455 128 138 10.0 1.39 63 89 61
LRCD0557 194.23 214.1 19.9 1.28 65 81 50
LRCD0096 258 263.69 5.7 1.66 59 81 133
Notes
1) Only intercepts of 0.3% Li2O or 150ppm Ta2O5 considered significant.
2) No significant intercepts in hole GMB02
Appendix C
Section 1 Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, Reverse Circulation Drilling, 1m samples
techniques random chips, or specific specialised industry collected
standard measurement tools appropriate to the
minerals under investigation, such as down hole
Diamond drilling, ½ core nominally 1m crushed
gamma sondes, or handheld XRF instruments, etc.).
These examples should not be taken as limiting the to 10mm. ½ of crushed sample assayed as below,
broad meaning of sampling. ½ retained.
Include reference to measures taken to ensure Samples jaw crushed and riffle split to 2-2.5kg
sample representivity and the appropriate for pulverizing to 80% passing 75 microns.
calibration of any measurement tools or systems
used.
Prepared samples are fused with sodium peroxide
Aspects of the determination of mineralisation that and digested in dilute hydrochloric acid. The
are Material to the Public Report. In cases where resultant solution is analysed by ICP, by Nagrom
‘industry standard’ work has been done this would Laboratory.
be relatively simple (e.g. ‘reverse circulation
drilling was used to obtain 1 m samples from which Certified standards. Field duplicates submitted at
3 kg was pulverised to produce a 30 g charge for irregular intervals at the rate of approximately
fire assay’). In other cases more explanation may
1:20.
be required, such as where there is coarse gold
that has inherent sampling problems. Unusual
commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of
detailed information.
Drilling Drill type (e.g. core, reverse circulation, open-hole RC and Diamond drilling conducted in line with
techniques hammer, rotary air blast, auger, Bangka, sonic, general industry standards.
etc.) and details (e.g. core diameter, triple or
standard tube, depth of diamond tails, face- All diamond drill holes and approx. 70% of RC
sampling bit or other type, whether core is drill holes are angled. Approx. 30% of RC drill
oriented and if so, by what method, etc.). holes are vertical.
Diamond tails have been drilled to a max depth
of 330m.
Diamond core has been oriented where possible
using the Reflex Ezi-Ori tool.
Drill sample Method of recording and assessing core and chip Chip recovery or weights for RC drilling were not
recovery sample recoveries and results assessed. conducted.
Measures taken to maximise sample recovery and Each metre of drill sample recovery and moisture
ensure representative nature of the samples. content is visually estimated and recorded.
Whether a relationship exists between sample
recovery and grade and whether sample bias may Opportunity for sample bias is considered
have occurred due to preferential loss/gain of negligible for dry samples.
fine/coarse material.
Logging Whether core and chip samples have been Geological logs exist for all drill holes with
geologically and geotechnically logged to a level of lithological codes via an established reference
detail to support appropriate Mineral Resource legend.
estimation, mining studies and metallurgical
studies. Drill holes have been geologically logged in their
Whether logging is qualitative or quantitative in entirety. Where logging was detailed the
nature. Core (or costean, channel, etc.) subjective indications of mineral content
photography (spodumene, tantalite) have been recorded.
Criteria JORC Code Explanation Commentary
The total length and percentage of the relevant Assays have generally only been submitted
intersections logged. through and adjacent to the pegmatites.
Sub-sampling If core, whether cut or sawn and whether quarter, RC samples were collected at 1m intervals and
techniques half or all core taken. riffle or cone split on-site to produce a
and sample If non-core, whether riffled, tube sampled, rotary subsample less than 5kg.
preparation split, etc. and whether sampled wet or dry.
For all sample types, the nature, quality and The RC drilling samples are considered robust for
appropriateness of the sample preparation sampling the spodumene and tantalite
technique. mineralisation.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of Most samples were dry.
samples.
Measures taken to ensure that the sampling is Sampling is in line with general industry sampling
representative of the in situ material collected, practices.
including for
instance results for field duplicate/second-half Field duplicates, standards, laboratory standards
sampling. and laboratory repeats are used to monitor
Whether sample sizes are appropriate to the grain analyses.
size of
the material being sampled. Sample size is considered appropriate.
Quality of The nature, quality and appropriateness of the The assay technique is considered to be robust as
assay data assaying and laboratory procedures used and the method used (see above) offers total
and whether the technique is considered partial or dissolution of the sample and is useful for
laboratory total. mineral matrices that may resist acid digestions.
tests For geophysical tools, spectrometers, handheld XRF
instruments, etc., the parameters used in Standards and duplicates were submitted in
determining the analysis including instrument make varying frequency throughout the exploration
and model, reading times, calibrations factors campaign and internal laboratory standards,
applied and their derivation, etc. duplicates and replicates are used for
Nature of quality control procedures adopted (e.g. verification
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been
established.
Verification The verification of significant intersections by Twinning of holes undertaken to date show good
of sampling either independent or alternative company continuity
and assaying personnel.
The Ta and Li assays show a marked correlation
The use of twinned holes. with the pegmatite intersections via elevated
downhole grades.
Documentation of primary data, data entry
procedures, data verification, data storage Drill logs exist for all holes as electronic files
(physical and electronic) protocols. and/or hardcopy (all 2017 logging has been input
directly to field logging computers).
Discuss any adjustment to assay data.
Digital log sheets have been created with inbuilt
validations to reduce potential for data entry
errors.
All drilling data has been loaded to a database
and validated prior to use.
Criteria JORC Code Explanation Commentary
Location of Accuracy and quality of surveys used to locate drill Accurate surveying using RTK DGPS is currently
data points holes (collar and down-hole surveys), trenches, being undertaken on site. Hole collars have been
mine workings and other locations used in Mineral preserved until completion of survey.
Resource estimation.
All collars are surveyed using MGA Z51.
Specification of the grid system used.
Quality and adequacy of topographic control.
Data spacing Data spacing for reporting of Exploration Results. Initial exploration has been conducted on an 80m
and x 80m grid. The majority of infill drilling has
distribution Whether the data spacing and distribution is been conducted on a 40m x 40m grid with a
sufficient to establish the degree of geological and 15,000m2 area drilled out to 20m x 20m.
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s)
The spacing of holes is considered of sufficient
and classifications applied.
density to provide an ‘Indicated’ or ‘Inferred’
Mineral Resource estimation and classification.
Whether sample compositing has been applied.
There has been no sample compositing.
Orientation Whether the orientation of sampling achieves Approximately 2/3 of drilling is angled. Vertical
of data in unbiased sampling of possible structures and the holes have been drilled in areas where
relation to extent to which this is known, considering the pegmatites are interpreted to be flat lying.
geological deposit type.
structure If the relationship between the drilling orientation The lithium tantalite-bearing pegmatites are
and the orientation of key mineralised structures is generally flat to shallowly dipping in nature. The
considered to have introduced a sampling bias, this true width of pegmatites are generally
should be assessed and reported if material. considered 80-95% of the intercept width, with
minimal opportunity for sample bias.
Sample The measures taken to ensure sample security. The RC samples are taken from the rig by
security experienced personal and stored securely and
transport to the laboratory by a registered
courier and handed over by signature.
Audits or The results of any audits or reviews of sampling An external review of sampling techniques and
reviews techniques and data. data has been carried out by CSA Global. No
issues identified.
Section 2 Reporting of Exploration Results
Criteria Explanation Commentary
Mineral Type, reference name/number, The portfolio of mineral tenements, comprising mining leases,
tenement and location and ownership including exploration licences, prospecting licences, miscellaneous
land tenure agreements or material issues with licences, a general-purpose lease, and a retention lease are
status third parties such as joint ventures, in good standing.
partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
The security of the tenure held at
the time of reporting along with any
known impediments to obtaining a
licence to operate in the area.
Exploration Acknowledgment and appraisal of Alluvial tantalite has been mined periodically from the early
done by other exploration by other parties. 1970s.
parties Gwalia Consolidated Limited undertook exploration for
tantalite-bearing pegmatites from 1983-1998. Work included
mapping, costeaning, and several phases of drilling using RAB,
Criteria Explanation Commentary
RC, and diamond methods. The work identified mineral
resources that were considered uneconomic at the time.
Haddington entered agreement to develop the resource and
mining
? commenced in 2001 and continued until 2005.
? Haddington continued with exploration until 2009.
Living Waters acquired the project in 2009 and continued
with limited exploration to the north of the main pit area.
Geology Deposit type, geological setting and The Bald Hill area is underlain by generally north-striking,
style of mineralisation. steeply dipping Archaean metasediments (schists and
greywackes) and granitoids.
Felsic porphyries and pegmatite sheets and veins have
intruded the Archaean rocks. Generally, the pegmatites cross
cut the regional foliation, occurring as gently dipping sheets
and as steeply dipping veins.
The pegmatites vary in width and are generally comprised
quartz-albite- muscovite-spodumene in varying amounts.
Late-stage albitisation in the central part of the main outcrop
area has resulted in fine- grained, banded, sugary pegmatites
with visible fine-grained, disseminated tantalite. A thin
hornfels characterised by needle hornblende crystals is often
observed in adjacent country rocks to the pegmatite.
Tantalite generally occurs as fine disseminated crystals
commonly associated with fine-grained albite zones, or as
coarse crystals associated with cleavelandite.
Weathering of the pegmatites yields secondary mineralised
accumulations in alluvial/eluvial deposits.
Drill hole A summary of all information Only results for drill holes that have intercepted lithium and
Information material to the understanding of the or tantalum pegmatites of 1m or more in width that have
exploration results including a been assayed for lithium and tantalum have been included in
tabulation of the following the release.
information for all Material drill
holes: All drill hole details are contained in Table 1 and 2 of the
• easting and northing of the release.
drill hole collar
• elevation or RL (Reduced
Level – elevation above sea
level in metres) of the drill
hole collar
• dip and azimuth of the hole
• down hole length and
interception depth
• hole length.
If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain why this is the case.
Data In reporting Exploration Results, No cutting to intercept grades has been undertaken.
aggregation weighting averaging techniques,
methods maximum and/or minimum grade Assays are report as pure elements such as Li, Ta, Nb, Sn and
truncations (e.g. cutting of high converted to oxides using atomic formulas.
grades) and cut-off grades are
Criteria Explanation Commentary
usually Material and should be Reported intervals in Table 1 and 2 represent the aggregation
stated. of the intercepts containing samples of at least 0.3% Li2O
Where aggregate intercepts and/or 150ppm Ta2O5, lower grade zones are included
incorporate short lengths of high adjacent to higher grade zones where the grade varies
grade results and longer lengths of significantly from the average of the entire width of the
low grade results, the procedure mineralised pegmatite. Only lithium, tin, niobium and
used for such aggregation should be tantalum oxide results are tabled, other potential by-products
stated and some typical examples of are currently considered to be insignificant in economic
such aggregations should be shown in importance.
detail.
The assumptions used for any
reporting of metal equivalent values
should be clearly stated.
Relationship These relationships are particularly Approximately 2/3 of drilling is angled. Vertical holes have
between important in the reporting of been drilled in areas where pegmatites are interpreted to be
mineralisation Exploration Results. flat lying.
widths and
intercept If the geometry of the mineralisation The lithium tantalite-bearing pegmatites are generally flat to
lengths with respect to the drill hole angle is shallowly dipping in nature. The true width of pegmatites are
known, its nature should be reported generally considered 85-95% of the intercept width, with
If it is not known and only the down minimal opportunity for sample bias.
hole lengths are reported, there
should be a clear statement to this
effect (e.g. ‘down hole length, true
width not known’).
Diagrams Appropriate maps and sections (with Drilling locations are shown on figure 1 of the release.
scales) and tabulations of intercepts Appendix A comprises is a long section through the principal
should be included for any significant pegmatites.
discovery being reported These
should include, but not be limited to
a plan view of drill hole collar
locations and appropriate sectional
views.
Balanced Where comprehensive reporting of Results for all drill holes that have intercepted lithium
reporting all Exploration Results is not pegmatites that have been assayed for lithium have been
practicable, representative reporting included in the release.
of both low and high grades and/or
widths should be practiced to avoid
misleading reporting of Exploration
Results.
Other Other exploration data, if meaningful No metallurgical test work is referred to in this
substantive and material, should be reported announcement.
exploration data including (but not limited to):
geological observations; geophysical
survey results; geochemical survey
results; bulk samples – size and
method of treatment; metallurgical
test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious
or contaminating substances.
Further work The nature and scale of planned Further RC and diamond drilling is warranted at the various
further work (e.g. tests for lateral deposits to explore for additional resources and improve the
extensions or depth extensions or understanding of the current resources prior to mining.
large-scale step-out drilling).
Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
not commercially sensitive.
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