Ann: Independent Review confirms World Class Potential of Manono, page-4

Boom!!

Independent Review Confirms World Class Potential of the Manono Lithium Project

Highlights – Manono Lithium Project

• Assay results of samples collected from reconnaissance trenches confirm the presence of lithium mineralisation in pegmatites extending along strike for more than 13 kilometres.
  
  
• Assay results from trenching only include intervals of 29m @ 1.54% Li2O and 38m @ 1.29% Li2O in relatively unweathered pegmatite and 197m at 0.50% Li2O in predominantly weathered pegmatite. Further results are awaited.
  
  
• Initial diamond core drilling of 1,734m is now complete, sampling of core is ongoing with assay results expected early August.
  
  
• Within the 13,000m zone there are six separate large pegmatites defined to date with lengths from 400m to 5,400m.
  
  
• It is confirmed that the six large pegmatites all contain spodumene, with spodumene mineralisation constituting up to 30% of the rock volume
  
  
• Logging of drill core completed to date indicates true thicknesses of the large pegmatites range from 50 to 220 metres – much larger than initially predicted.
  
  
• The next phase drilling program is planned with a view to having an initial lithium
  
  resource calculated by early 2018.