Ann: Maiden JORC Mineral Resource - Noombenberry Project, page-282

ADNdeposit : Hammerhead has an inferred resource of 51.5 million tonnes of brightwhite kaolinised granite using an ISO Brightness R457 cut-off of 75, yielding27.1 million tonnes of minus 45-micron quality kaolin product.Theresource also contains a halloysite sub-domain of 4.7 million tonnes of minus45-micron material comprised of 21.6 per cent halloysite.

ADN deposit : 75 % the Great White kaolin deposit of34.6Mt of in-situ Bright White kaolinised granite, representing an increase of8.6Mt or 33% over the previous estimate, to yield 17.4Mt X 75%=13.125MT ofminus 45 micron quality kaolin product.

The Great White Resource contains two sub-domainsconsisting of a halloysite zone (15.9Mt, can not find the % of Halloysite, if20% resulting in 15.9mt x 20%=3.18MT ) and an Ultra Bright high-purity kaolinzone (1.2Mt).

ADN Mt hope: 12.5mt Kaolin including 6.7mtHalloysite.

ADN: 51.5MT+13.125MT+12.5 =77MT kaolinized graniteincluding 4.7mt+3.18mt+6.7mt = 14MT

LRS: A global Inferred Mineral Resource of 207 milliontonnes of kaolinised granite has been estimated, comprising two separatedomains: • 123 million tonnes of bright white kaolin-bearing material1 ; and •84 million tonnes of kaolin/halloysite-bearing material2 .

The halloysite sub-domain yields 50Mt grading 6% halloysiteusing 1% halloysite cutoff, or 27Mt grading 8% halloysite using a 5% halloysitecut-off within the minus 45- micron (-45 µm) subfraction.

LRS: 207MTkaolinised granite including 50mt Halloysite

ADN: 77MTkaolinized granite including 14MTHalloysite

Kaolin market price $700/t and Halloysite $4000/t

LRS cloud nine is 3 times bigger than ADN now. Sell ADN tobuy LRS now, DYOR