Ann: Manindi Lithium Drilling Results, page-4

ASX Announcement
24 July 2018
Results of RC Percussion Drilling Program at
Manindi Lithium Project
Highlights:
▪ Assay results received for the reverse circulation (RC) percussion drilling program completed at the Manindi Lithium Project in June 2018

▪ Anomalous lithium and tantalum mineralisation in all holes intersecting mineralised pegmatite dykes

▪ Significant intersections include:
o MNRC030 – 8 m @ 1.06% Li2O from 18 m including 3 m @ 1.65% Li2O; peak assay of 1.96% Li2O
o MNRC033 – 8 m @ 1.00% Li2O from 32 m and 7m @ 1.29% Li2O from 42 m;
including 5 m @ 1.53% Li2O; peak assay of 1.90% Li2O

▪ Drilling defined a continuous, mineralised pegmatite dyke over in excess of 200m strike length

▪ Untested potential down dip and along strike of known pegmatite dykes

Diversified metals exploration company, Metals Australia Ltd (ASX: MLS) is pleased to announce
that it has received assay results for a program of reverse circulation (RC) percussion drilling
completed at the Manindi Lithium Project (the “Project”), located in Western Australia (Figure 1).
The drilling program comprised three traverses of drilling to test three outcropping pegmatite dykes
that have all been observed to contain lepidolite mineralisation (Figure 2). A total of 17 RC holes
were completed, for a total of 837 metres of drilling (refer to ASX announcement dated 21 June
2018).Assay results have demonstrated that the pegmatite dykes are fertile and mineralised with lithium a nd tantalum everwhere that they were intersected in drilling (see Table 1). Significant intersections
of lithium mineralisation (see Table 2) typically occurred in continuous zones within the pegmatite
dykes, which were up to 15 m true thickness. Continuity of the dykes was established over strike
lengths of up to 200 m.
These encouraging initial results suggest that a further exploration program of additional field
mapping and sampling should be conducted prior to an expanded drilling program and further
metallurgical testwork.
Commenting on the results of the drilling program at Manindi, Mr Gino D’Anna, a Director of MLS
stated:
“This initial program of drilling to test the lithium targets identified at Manindi has
provided the Company with some significant and highly encouraging results about the
grade and continuity of the lepidolite mineralisation within the host pegmatites.

Continued...