WR1 General Discussion, page-6319

A few assumptions I would like to disclose.

• The tenement boundary I have isn’t very accurate as the image is enlarged. Potential for the pegmatite to cross into another companies tenement.
• I do not have a topo surface to crop the wireframe. If anyone can point me in the direction to find one that would be great.
• Blue sky scenarios are highly speculative
• These tonnages are based off a volume of a modelled pegmatite dyke multiplied by 2.7
• The wireframe does not take into account any grades or consider what material is economic.

As always DYOR

Adina main with the new drilling is estimated to be around ~37.5 Mt. The announcement states that they are concentrating on drilling over a strike length of 700 metres, and down to 250m from surface at a regular spacing. The area I have used for Adina main is a 780 m strike and 287m vertical extent.

New drill holes have significantly de-risked the down dip eastern extension of the dyke that I original identified as a high risk area. The true width in this area looks to be around 35m, slightly thinner than the rest resulting in the lower estimated tonnage.

Looking west Jamar including new drilling.

Blue sky Jamar extended to Adina east

Again this is highly speculative as a 1km step out is substantial. Assuming the pegmatite maintains a width closer to 35m up to hole 43 I estimate the tonnage would be ~77.5Mt

This is also using a 30m step out past hole 43.

Blue sky assuming 2018 Adina drilling links with hole 43.

I estimate it would be ~130 Mt. Note holes AD18 4 and 6 are roughly 0.15% LiO2 so there are grade risks as well as modelling risks associated with this one.

Again this is not advice these are just rough numbers that I’ve had to make a lot of assumptions to generate.

plan view all drilling linked

DYOR