24 NOVEMBER 2021 ASX ReleaseACQUISITION OF FURTHER HIGHLY...

24 NOVEMBER 2021 ASX Release
ACQUISITION OF FURTHER HIGHLY PROSPECTIVE
LITHIUM PROJECTS IN EAST PILBARA
MinRex acquires 4 Exploration Licences and mineral rights to 3 Exploration Licences
in the Pilbara region highly prospective for Lithium-Tin-Tantalum.
HIGHLIGHTS
 The total project area is 176.9km2 and the tenements within the area have extensive and
outcropping pegmatites which remain untested by modern day lithium exploration.
 Tambourah North Lithium Project (E45/4953)
Lithium mineralisation hosted in pegmatites with significant assays from 0.22% to up 2.02%
lithium oxide, 1.75% rubidium and 1,276 ppm caesium (from 3 samples).
 Tambourah Creek Project (E45/4275)
Hosting lithium mineralisation within pegmatites with spodumene assays of 0.74% lithium
oxide (from 1 sample).
 Shaw River Lithium Project (E45/4601)
Historical heavy stream sediment sampling has outlined very high-grade Sn-Ta mineralised
zones (up to 42.2% tin and 3.41% tantalum, from 7 samples) within extensive pegmatite
occurrences.
 Coondina Lithium Project (E45/4266)
Late-stage pegmatites swarms which principally host the tin/tantalum mineralisation. No lithium
exploration conducted over these pegmatites.
 Soanesville Projects (E45/4455, E45/3926, and E45/5071)
Similar geological and structural features to Wodgina and Pilgangoora Lithium-Tantalum
Deposits.
Regional geological structure within E45/3926 is similar to Pilgangoora which hosts the Pilbara
Minerals Limited (ASX: PLS) Mining Operations ([email protected]% Li2O, 116ppm Ta2O5
).
No lithium exploration has been conducted over these tenements.
MinRex Resources Limited (ASX: MRR) (“MinRex” or “the Company”) is pleased to announce that it has entered into
a binding term sheet for the acquisition of 4 exploration licences (E45/4953, E45/4275, E45/4601 and E45/4266) and
mineral rights to battery mineral, tin and rare earth metals over 3 additional exploration licences (E45/5071, E45/4455
and E45/3926) with Abeh Pty Ltd (Abeh) and Maxwell Strindberg. A summary of the material terms of the acquisition
is set out in Appendix A. Further details of the tenements the subject of the acquisition are set out in Appendix B.