Ann: Drilling Success Continues at Pilgangoora-PLS.AX, page-3

PILBARA ON TRACK FOR JULY RESOURCE UPGRADE AS
DRILLING SUCCESS CONTINUES AT PILGANGOORA
Latest drilling delivers two new discoveries outside the main resource area plus more thick, high-
grade hits which continue to extend the mineralisation beyond current resource boundaries
HIGHLIGHTS:
• Further exceptional results from the Phase 1 and 2 resource in-fill and extensional drilling programs at
the 100%-owned Pilgangoora Lithium-Tantalum Project near Port Hedland in WA, with numerous thick
intersections of pegmatite (down-hole widths of 20-50m) continuing to extend the mineralisation well
beyond the boundary of the conceptual open pit at the Central Pegmatite. New intercepts include:
o 69m @ 1.97% Li2O from 115m (PLS457);
o 51m @ 1.71% Li2O from 122m (PLS458);
o 43m @ 2.02% Li2O and 127ppm Ta2O5 from 77m (PLS568);
o 32m @ 1.66% Li2O and 147ppm Ta2O5 from 187m (PLS649);
o 37m @ 1.36% Li2O from 68m (PLS358A);
o 32m @ 1.92% Li2O and 104ppm Ta2O5 from 119m (PLS584A);
o 28m @ 1.80% Li2O and 119ppm Ta2O5 from 141m (PLS606);
o 31m @ 1.98% Li2O and 114ppm Ta2O5 from 95m (PLS612);
o 30m @ 1.48% Li2O and 133ppm Ta2O5 from 150m (PLS613);
o 30m @ 1.62% Li2O from 213m (PLS644);
o 33m @ 1.68% Li2O from 70m (PLS691); and
o 31m @ 1.43% Li2O from 93m (PLS692).
• Two significant new standalone discoveries have been made at the South Eastern Pegmatite and the
Western Domain, respectively located 450-500m to the east and west of the Central Pegmatite, with
exploration and sterilisation drilling in these areas returning significant widths of high-grade
mineralisation from the first seven holes:
o 10m @ 2.02% Li2O from 10m (PLS499) – South Eastern Pegmatite
o 13m @ 1.95% Li2O from 28m (PLS500) – South Eastern Pegmatite
o 10m @ 1.36% Li2O and 113ppm Ta2O5 from 98m (PLS527) – Western Domain Pegmatite
• Further drilling will be undertaken at these new discoveries later this year to in-fill the mineralisation
and include them in the Pilgangoora Mineral Resource inventory.
• DFS drilling is now complete and the full Phase 2 drilling program is now in its final stages, with two RC
rigs operating. Given the success of the resource drilling, the overall program was expanded to 28,420m
(including all RC, PQ & HQ Diamond drilling) from the 16,632m originally planned, with 4,950m of drilling
remaining, excluding sterilisation and geotechnical drilling.
• All of the new drilling data will be incorporated into the next major resource upgrade, which is on track
to be delivered in early July. This updated Mineral Resource will underpin a new Ore Reserve which in
turn will form the basis of the Definitive Feasibility Study (DFS), which is also progressing on track for
release in August.