receives high-grade rutile from Bua Channel, page-7

Drilling Extends High-Grade Rutile Mineralisation at Kasiya

- Phase 2 drilling resultsextend high-grade rutile mineralisation to+3.4km strike length and +1.8km surface width
-Mineralised zone continues to be open along strike in both directions and open laterally to the south-east
-Resultsdemonstrate thevery large-scalepotential of the Kasiya rutile discovery

-Key Phase 2 drilling results received include:
- 5m @1,43% rutile, inc. 2m @2,04% rutile, from surface
- 15m @1,12% rutile, inc. 3m @1,46% rutile, from surface
- 11m @1,02% rutile, inc. 3m @1,23% rutile, from surface
- 8m @0,95% rutile, inc. 4m @1,36% rutile, from surface
- 7m @1,13% rutile, inc. 3m @1,55% rutile, from surface

*All primary intercepts commence at surface

-Extensional and in-fill drilling at Kasiya continues with additional sample batches already in Perth (Phase 3) for laboratory analysis and in transit (Phase 4)
-Further drill results for the sand-hosted Bua Channel alluvial rutile prospect are also expected in the coming weeks
-Covid-19: The drilling team remains operational at Kasiya whilst we have taken the precautionary step of temporarily suspending activity at our Lilongwe office. The Company anticipates no near-term impact on current drilling rates or sample preparation activities
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