KATHLEEN VALLEY LITHIUM PROJECT (WA)
New phase of Reverse Circulation (RC) and diamond drilling commences aimed
at expanding the current Mineral Resource Estimate (MRE) and defining
potential underground Resources and Reserves. Outstanding high-grade results received from the initial holes completed as part of this program, with new intersections including:
o 29m @ 1.3% Li2O from 256m (KVRC0136A), including 13m @ 1.8% Li2O from 261m
o 16m @ 1.9% Li2O from 294m (KVRC0264), including 8m @ 2.2% Li2O from 294m
o 10m @ 1.9% Li2O from 219m (KVRC0265), including 4m @ 3.2% Li2O from 223m
o 21m @ 1.2% Li2O from 284m (KVRC0265), including 4m @ 1.7% Li2O from 293m
Thick, high-grade mineralisation now defined over a strike length of 1.4km with
the mineralised system still open to the north-west and up- and down-dip. Latest assays highlight the potential to substantially increase the current MRE of 74.9Mt @ 1.3% Li2O and 140ppm Ta2O5. Work on a Pre-Feasibility Study (PFS) is scheduled for completion by the end of
2019.
Data from the current drill program will be used to prepare an updated MRE which will be incorporated into a Definitive Feasibility Study (DFS) planned to commence immediately after the PFS.
BULDANIA LITHIUM PROJECT (WA) Resource definition drilling completed at Anna with new intersections including:
o 25m @ 1.1% Li2O from 181m (BDRC0120), including 9m @ 1.8% Li2O from 196m
o 14m @ 1.7% Li2O from 45m (BDRC0142), including 5m @ 2.2% Li2O from 54m
o 19m @ 1.5% Li2O from 174m (KVRC0160), including 5m @ 1.9% Li2O from 183m
Data from all drill programs being used to prepare a maiden Mineral Resource Estimate for the Anna pegmatite.
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