Ann: Poochera Halloysite Kaolin Mineral Resource, page-2

Summary
 A JORC 2012 Mineral Resource estimate has been completed calculating
the halloysite content within the Careys’ Well kaolin deposit at
Poochera in South Australia.
 9.7 million tonnes of halloysite kaolin, located in two zones, is contained
within the “bright white” kaolinised granite deposit.
 The 9.7 million tonnes of halloysite kaolinised granite will yield 5.3
million tonnes of minus 45 micron halloysite kaolin product containing
18.4% halloysite, which is significantly above the typical 10% threshold
required for the ceramics industry.
 92% of the halloysite kaolin Mineral Resource is categorised as
Measured and Indicated providing significant ore for consideration in
Scoping Study investigations.
 The halloysite kaolin Mineral Resource was defined from existing
drilling results with the mineralised zone remaining open to the north
east and south.
 Future drilling will be designed to target extensions to the currently
defined mineralisation.
 The updated Mineral Resource will now be used in mine design
configurations currently under consideration.
 A 140 tonne shipment of raw ore from Carey’s Well is now in China
ahead of commercial scale testing post Chinese New Year. Final
processed product results will be provided to potential end‐use ceramic
customers for commercial evaluation and incorporated into the Scoping
Study