Pilgangoora Project Notes
Note Date * Notes * Confidentiality * 1 2 16/05/1996 Gwalia paid $14m for 100% after Goldrim bought Pancontinentals 50% for $5.2m. Public 3 23/01/2012 Global Advanced Metals is closing (at the end of Feb 2012) its Wodgina tantalum operation months after bringing it out of mothballs. Atlas Iron currently utilises 100% of the crushing capacity at Wodgina as part of a revised infrastructure agreement with GAM struck in May last year (MiningNews.Net, 23 Jan 2012: http://www.miningnews.net/StoryView.asp?StoryID=2494768). Public 4 28/11/2013[/FONT][/SIZE] Tantalite production attached to Plant Site now in the Iron ore project Public 5 17/06/2014[/FONT][/SIZE] Pilgangoora: Maiden JORC inferred resource of 10.4 Mt at 0.024% Ta2O5 containing 5.5 million pounds of Ta2O5 and 8.6 Mt at 1.01% Li2O containg 87,000 t of lithium oxide. (Pilbara Minerals Ltd) Public 6 26/11/2014[/FONT][/SIZE] Cobre Montana Ltd to evaluate the potential to apply its proprietary lithium extraction technology to lepidolite mineralization at Pilbara’s Pilgangoora Tantalum-Lithium Project (Pilbara Minerals Ltd, ASX, 26 Nov 2014) Public 7 1/12/2014[/FONT][/SIZE] Pilgangoora: Thick high-grade mineralization, with results including - 27 m at 1.74% Li2O and 339 ppm Ta2O5 from 29 m (PLS117); 20 m at 1.78% Li2O and 264 ppm Ta2O5 from 59 m (PLS043); and 27 m at 1.89% Li2O and 204 ppm Ta2O5 from 25 m (PLS119) (Pilbara Minerals Ltd,) Public 8 9/12/2014[/FONT][/SIZE] Further high-grade lithium and tantalum mineralization including 8 m at 2.28% Li2O and 388 ppm Ta2O5 from 31 m (PLS118) and 23 m at 1.68% Li2O and 191ppm Ta2O5 from 35 m (PLS046) (Pilbara Minerals Ltd, ASX, 9 Dec 2014) Public 9 9/03/2015 Pilgangoora: Tantalite resources updated with recent drilling results to a total 21.7 Mt at 0.22% Ta2O5 containing 10.7Mlbs Ta2O5. Lithium resources, within the tantalite resource area, total 16.6 Mt at 1.16% Li2O for 0.192 Mt contained Li2O. This represents a boost of 95% for tantalite and 120% for spodumene. Further in-fill and step-out drilling is underway at this World Class deposit. (Pilbara Minerals Ltd) Public 10 30/04/2015[/FONT] Pilgangoora: Best results include 35 m at 1.6% LiO2 and 102 ppm Ta2O5 from surface and in another area, also outside the current resource, 9 m at 1.5% LiO2 and 211 ppm Ta2O5 from 29 m. These results were located 600 m to the southwest of the resource outline.(Pilbara Minerals Ltd) Public
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