Short Term Trading Week Starting: 06 May, page-26

STTCOMP TYX FA LONG

Market Cap: $39.46 Million

Share Price: $0.012

Shares: 3.29 B

Overview

Tyranna Resources Ltd (Tyranna or “the Company”) is pleased to announce results from 14 drill-holes (MRC18 – MRC31) completed as part of the ongoing drilling program at the Muvero Prospect.

These results are from the 741 samples referred to in a previous exploration announcement (“March Exploration Update” - 22 March). Assay results confirm the presence of high-grade lithium (Li) mineralisation, along with caesium (Cs) mineralisation (contained in pollucite) and high-grade tantalum (Ta) mineralisation.

Tyranna Technical Director, Peter Spitalny, commented: “A strongly mineralised zone having potential to continue down below the current limit of drilling has been intersected by MRC21, MRC22, MRC24 and MRC25. The lithium grades within this zone are high and result from abundant high-purity spodumene and highlight the lithium potential of the Muvero Prospect. The presence of pollucite was anticipated and is encouraging, with potential to discover a zone of pollucite which would augment the value of the lithium mineralisation.

Included within the mineralised zone intersected by MRC21, MRC22, MRD24 and MRC25 there is high-grade tantalum mineralisation, which was also noted in results from the core drilling in 2022.

Interestingly, the tantalum is not always associated with lithium mineralisation and may be quite

widespread throughout the entire project area. Tantalum, like lithium, is classified as a Critical Mineral. It is expensive, valuable and may prove to be an economically significant component of Muvero, and possibly other pegmatites within the Namibe Lithium Project.

We anticipate additional high-grade lithium intersections, and probably also high-grade caesium

and tantalum intersections, from pending assay results. Drilling will continue at Muvero and then

shift to other prospects. We are confident that Investigations to discover additional lithium

pegmatites will lead to definition of additional drilling targets within the Namibe Lithium

Project.”

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