ALDORO RESOURCES LIMITED — Capital/Financing Update 2021

Nov 17, 2021

ASX and Media Release 18 November 2021

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Lithium Rubidium Sampling Progress at Wyemandoo

• Sampling has commenced with 275 samples collected to date

• Completed sampling at the Loop Pegmatite and the two high priority dome areas where previous samples reported anomalous lithium and Rubidium centrally located in the Fairway Corridor

• The pegmatite outcrops in the central Fairway Corridor contain lepidolite and other micas

• pXRF readings confirm elevated levels of Rb

Aldoro Resources Limited ( Aldoro , The Company ) ( ASX: ARN ) is pleased to provide an exploration update for the Fairway Corridor target at the Windimurra Igneous Complex (WIC, The Project) . 275 rock chip samples have been collected. A high proportion of the samples in the two known lepidolite areas visually contain purple micas (lepidolite) the host for the Rb and Li.

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Figure 1. Sample WYRK00138 where extensive lepidolite (purple micas) were found in a zone over 15m long and 3m wide striking 054 and gently dipping south .

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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Rock Chip Sampling Results

Approximately 30% of the high albedo anomalies selected in the Fairway Corridor have now been semi systematically rock chip sampled. The program is ongoing, with the remaining anomalies to be sampled before the end of the year.

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Figure 2: Sample site WYRK00189, an exposed interpreted sill of lepidolite rich (purple micas) extending over 15m in length (the hammer handle is pointing north)

Of the 275 rock chip samples collected to date, 80 of have been analysed in the field by pXRF. All but a handful of samples appear to be highly anomalous in Rb, with a peak reading of 1.71% Rb, and an average of 0.24% Rb. Note that these results are not representative and must be used as a preliminary indicator only. Wet chemistry results from an accredited laboratory are required to confirm the results.

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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Figure 3. Current rock chip sample locations and areas remaining to be investigated.

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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Forward Plan

All rock chip samples from Wyemandoo will be analysed by pXRF. While Li is not detectable by pXRF previous analytical work has shown a good correlation between Li and Rb. The aim of pXRF sampling is to identify the areas with the highest grade Rb to target with follow-up RC drilling. This will fast track the work programs, allowing The Company to move into the first phase of drilling, even though wet chemistry results from the laboratory will be several months away.

The rock chip sampling program will continue until all of the outcropping pegmatites have been tested. This will allow a focussed drilling program targeting the highest grade Rb areas to commence shortly.

Table 1. Details of rock chip samples collected so far the Fairway Corridor. Note that a small number of samples do not have coordinates logged, as they are undergoing survey checks .

Sample ID	Location MGA50	Location MGA50	Li Grade	Rb Grade	Cs Grade
	East	North	ppm	ppm	ppm
NRK00007	652722	6843917	80.90	1593.84	18.68
NRK00008	652717	6843915	8104.00	7994.82	218.69
NRK00009	652689	6843894	129.70	594.73	8.42
NRK00010	652946	6844180	379.70	3640.53	53.72
NRK00011	652886	6844149	55.70	731.20	9.07
NRK00012	652855	6844080	388.10	1706.38	24.48
NRK00013	652819	6844051	467.00	4199.95	71.09
NRK00014	652784	6844008	688.70	4885.62	69.20
NRK00015	652754	6843975	29.60	988.51	13.26
NRK00016	652727	6843953	60.8	1651.04	22.51
NRK00017	652984	6844218	22.3	19.68	2.05
NRK00018	653038	6844247	105.7	139.52	2.09
NRK00019	653068	6844271	36.7	1202.25	20.5
WYRK00001	653454	6844439	Results Awaited
WYRK00002	653478	6844436	Results Awaited
WYRK00003	655375	6844408	Results Awaited
WYRK00004	653495	6844405	Results Awaited
WYRK00005	653518	6844403	Results Awaited
WYRK00006	653529	6844420	Results Awaited
WYRK00007	653565	6844416	Results Awaited
WYRK00008	653600	6844422	Results Awaited
WYRK00009	653607	6844396	Results Awaited
WYRK00010	653816	6844477	Results Awaited
WYRK00011	653851	6844514	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00012	653879	6844549	Results Awaited
WYRK00013	653883	6844593	Results Awaited
WYRK00014	653893	6844619	Results Awaited
WYRK00015	653920	6844611	Results Awaited
WYRK00016	653961	6844625	Results Awaited
WYRK00017	653380	6844358	Results Awaited
WYRK00018	655700	6848374	Results Awaited
WYRK00019	655693	6848363	Results Awaited
WYRK00020	655680	6848346	Results Awaited
WYRK00021	655675	6848338	Results Awaited
WYRK00022	655651	6848309	Results Awaited
WYRK00023	655636	6848290	Results Awaited
WYRK00024	655618	6848284	Results Awaited
WYRK00025	655599	6848269	Results Awaited
WYRK00026	655578	6848272	Results Awaited
WYRK00027	655588	6848287	Results Awaited
WYRK00028	655589	6848257	Results Awaited
WYRK00029	655606	6848250	Results Awaited
WYRK00030	655621	6848264	Results Awaited
WYRK00031	655635	6848270	Results Awaited
WYRK00032	655761	6848216	Results Awaited
WYRK00033	655730	6848185	Results Awaited
WYRK00034	655722	6848164	Results Awaited
WYRK00035	655712	6848136	Results Awaited
WYRK00036	655701	6848105	Results Awaited
WYRK00037	655688	6848091	Results Awaited
WYRK00038	655677	6848086	Results Awaited
WYRK00039	655661	6848126	Results Awaited
WYRK00040	655737	6848389	Results Awaited
WYRK00041	655709	6848385	Results Awaited
WYRK00042	655790	6848365	Results Awaited
WYRK00043	655801	6848357	Results Awaited
WYRK00044	655795	6848336	Results Awaited
WYRK00045	655773	6848319	Results Awaited
WYRK00046	655770	6848317	Results Awaited
WYRK00047	655766	6848316	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00048	655749	6848294	Results Awaited
WYRK00049	655709	6848258	Results Awaited
WYRK00050	655670	6848260	Results Awaited
WYRK00051	655652	6848271	Results Awaited
WYRK00052	655688	6848215	Results Awaited
WYRK00053	655693	6848206	Results Awaited
WYRK00054	655669	6848174	Results Awaited
WYRK00055	655663	6848129	Results Awaited
WYRK00056	655584	6848074	Results Awaited
WYRK00057	655522	6848006	Results Awaited
WYRK00058	655388	6847857	Results Awaited
WYRK00059	655401	6847793	Results Awaited
WYRK00060	655230	6847828	Results Awaited
WYRK00061	655743	6848762	Results Awaited
WYRK00062	655795	6849011	Results Awaited
WYRK00063	655955	6849039	Results Awaited
WYRK00064	655458	6848828	Results Awaited
WYRK00065	655367	6848780	Results Awaited
WYRK00066	655287	6848720	Results Awaited
WYRK00067	655123	6848865	Results Awaited
WYRK00068	655470	6847849	Results Awaited
WYRK00069	655443	6847858	Results Awaited
WYRK00070	655664	6847976	Results Awaited
WYRK00071	655656	6848083	Results Awaited
WYRK00072	655666	6848066	Results Awaited
WYRK00073	655681	6848059	Results Awaited
WYRK00074	655703	6847981	Results Awaited
WYRK00075	655723	6848033	Results Awaited
WYRK00076	655735	6848045	Results Awaited
WYRK00077	655690	6848746	Results Awaited
WYRK00078	655712	6848815	Results Awaited
WYRK00079	655548	6848932	Results Awaited
WYRK00080	655492	6848854	Results Awaited
WYRK00081	655417	6848933	Results Awaited
WYRK00082	655350	6848875	Results Awaited
WYRK00083	655286	6848840	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00084	655257	6848821	Results Awaited
WYRK00085	655227	6848800	Results Awaited
WYRK00086	655188	6848762	Results Awaited
WYRK00087	655104	6848724	Results Awaited
WYRK00088	655082	6848679	Results Awaited
WYRK00089	655419	6847740	Results Awaited
WYRK00090	655438	6447700	Results Awaited
WYRK00091	655448	6847621	Results Awaited
WYRK00092	655622	6847876	Results Awaited
WYRK00093	655617	6847981	Results Awaited
WYRK00094	655032	6847740	Results Awaited
WYRK00095	654926	6848039	Results Awaited
WYRK00096	654908	6848016	Results Awaited
WYRK00097	654859	6847945	Results Awaited
WYRK00098	654847	6847925	Results Awaited
WYRK00099	654753	6847826	Results Awaited
WYRK00100	654535	6847644	Results Awaited
WYRK00101	654724	6848546	Results Awaited
WYRK00102	654700	6848814	Results Awaited
WYRK00103	654382	6848902	Results Awaited
WYRK00104	655275	6847153	Results Awaited
WYRK00105	655247	6847157	Results Awaited
WYRK00106	655219	6847115	Results Awaited
WYRK00107	655062	6847028	Results Awaited
WYRK00108	655371	6847022	Results Awaited
WYRK00109	655352	6846993	Results Awaited
WYRK00110	655321	6846970	Results Awaited
WYRK00111	655286	6846946	Results Awaited
WYRK00112	655139	6846808	Results Awaited
WYRK00113	655374	6847001	Results Awaited
WYRK00114	655360	6846975	Results Awaited
WYRK00115	655285	6846932	Results Awaited
WYRK00116	655297	6846901	Results Awaited
WYRK00117	655266	6846933	Results Awaited
WYRK00118	653761	6845226	Results Awaited
WYRK00119	653903	6845130	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00120	653064	6844259	Results Awaited
WYRK00121	652989	6844292	Results Awaited
WYRK00122	653002	6844287	Results Awaited
WYRK00123	653003	6844299	Results Awaited
WYRK00124	652972	6844258	Results Awaited
WYRK00125	652963	6844300	Results Awaited
WYRK00126	652941	6844181	Results Awaited
WYRK00127	653093	6844246	Results Awaited
WYRK00128	652840	6844332	Results Awaited
WYRK00129	652793	6844412	Results Awaited
WYRK00130	652857	6844387	Results Awaited
WYRK00131	652742	6844359	Results Awaited
WYRK00132	652735	6844187	Results Awaited
WYRK00133	652741	6844343	Results Awaited
WYRK00134	652695	6844134	Results Awaited
WYRK00135	652506	6843907	Results Awaited
WYRK00136	652487	6843922	Results Awaited
WYRK00137	652457	6843956	Results Awaited
WYRK00138	652460	6843969	Results Awaited
WYRK00139	652421	6843983	Results Awaited
WYRK00140	652452	6843943	Results Awaited
WYRK00141	652555	6843903	Results Awaited
WYRK00142	652571	6843897	Results Awaited
WYRK00143	652503	6843841	Results Awaited
WYRK00144	652480	6843801	Results Awaited
WYRK00145	652469	6843772	Results Awaited
WYRK00146	652441	6843775	Results Awaited
WYRK00147	652445	6843758	Results Awaited
WYRK00148	652379	6843934	Results Awaited
WYRK00149	652401	6843949	Results Awaited
WYRK00150	652402	6843977	Results Awaited
WYRK00151	652349	6843915	Results Awaited
WYRK00152	652317	6843893	Results Awaited
WYRK00153	652281	6843860	Results Awaited
WYRK00154	652264	6843847	Results Awaited
WYRK00155	652243	6843828	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00156	652204	6843799	Results Awaited
WYRK00157	652200	6843809	Results Awaited
WYRK00158	652226	6843814	Results Awaited
WYRK00159	652161	6843810	Results Awaited
WYRK00160	652128	6843810	Results Awaited
WYRK00161	652092	6843765	Results Awaited
WYRK00162	652108	6843813	Results Awaited
WYRK00163	652084	6843811	Results Awaited
WYRK00164	651977	6843722	Results Awaited
WYRK00165	651937	6843703	Results Awaited
WYRK00166	651909	6843672	Results Awaited
WYRK00167	651836	6843628	Results Awaited
WYRK00168	651777	6843608	Results Awaited
WYRK00169	651799	6843618	Results Awaited
WYRK00170	651766	6843670	Results Awaited
WYRK00171	651651	6843637	Results Awaited
WYRK00172	651676	6843625	Results Awaited
WYRK00173	651662	6843600	Results Awaited
WYRK00174	651636	6843539	Results Awaited
WYRK00175	652232	6843978	Results Awaited
WYRK00176	652203	6843953	Results Awaited
WYRK00177	652184	6843937	Results Awaited
WYRK00178	652124	6843925	Results Awaited
WYRK00179	652156	6843934	Results Awaited
WYRK00180	652200	6843892	Results Awaited
WYRK00181	652190	6843879	Results Awaited
WYRK00182	652176	6843861	Results Awaited
WYRK00183	652155	6843835	Results Awaited
WYRK00184	652180	6844407	Results Awaited
WYRK00185	651929	6843905	Results Awaited
WYRK00186	651773	6843772	Results Awaited
WYRK00187	651670	6843671	Results Awaited
WYRK00188	651650	6843591	Results Awaited
WYRK00189	651520	6843526	Results Awaited
WYRK00190	651493	6843530	Results Awaited
WYRK00191	651465	6843555	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00192	651452	6843562	Results Awaited
WYRK00193	651436	6843542	Results Awaited
WYRK00194	658036	6850698	Results Awaited
WYRK00195	657937	6850622	Results Awaited
WYRK00196	657890	6850549	Results Awaited
WYRK00197	657866	6850536	Results Awaited
WYRK00198	657896	6850461	Results Awaited
WYRK00199	657918	6850492	Results Awaited
WYRK00200	658109	6850505	Results Awaited
WYRK00201	658130	6850535	Results Awaited
WYRK00202	658147	6850596	Results Awaited
WYRK00203	658280	6850615	Results Awaited
WYRK00204	658131	6850842	Results Awaited
WYRK00205	658098	6850802	Results Awaited
WYRK00206	658372	6849728	Results Awaited
WYRK00207	658500	6849832	Results Awaited
WYRK00208	658598	6849896	Results Awaited
WYRK00209	658221	6850332	Results Awaited
WYRK00210	658358	6850376	Results Awaited
WYRK00211	658541	6850625	Results Awaited
WYRK00212	658621	6850583	Results Awaited
WYRK00213	658752	6850554	Results Awaited
WYRK00214	658707	6850392	Results Awaited
WYRK00215	658453	6850221	Results Awaited
WYRK00216	658503	6850234	Results Awaited
WYRK00217	658526	6850105	Results Awaited
WYRK00218	658506	6850103	Results Awaited
WYRK00219	658639	6849671	Results Awaited
WYRK00220	658754	6849671	Results Awaited
WYRK00221	658772	6849621	Results Awaited
WYRK00222	658790	6849588	Results Awaited
WYRK00223	658802	6849505	Results Awaited
WYRK00224	658909	6849626	Results Awaited
WYRK00225	658851	6849690	Results Awaited
WYRK00226	658972	6849856	Results Awaited
WYRK00227	659041	6849739	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00228	659208	6849871	Results Awaited
WYRK00229	657685	6849838	Results Awaited
WYRK00230	657664	6849841	Results Awaited
WYRK00231	657646	6849822	Results Awaited
WYRK00232	657643	6849833	Results Awaited
WYRK00233	657618	6849818	Results Awaited
WYRK00234	657615	6849794	Results Awaited
WYRK00235	657647	6849737	Results Awaited
WYRK00236	657680	6849679	Results Awaited
WYRK00237	657693	6849695	Results Awaited
WYRK00238	657698	6849645	Results Awaited
WYRK00239	657577	6849505	Results Awaited
WYRK00240	657548	6849458	Results Awaited
WYRK00241	657516	6849449	Results Awaited
WYRK00242	657473	6849436	Results Awaited
WYRK00243	657464	6849376	Results Awaited
WYRK00244	657425	6849273	Results Awaited
WYRK00245	657442	6849140	Results Awaited
WYRK00246	657420	6849082	Results Awaited
WYRK00247	657464	6849120	Results Awaited
WYRK00248	657736	6849623	Results Awaited
WYRK00249	657759	6849638	Results Awaited
WYRK00250	657842	6849845	Results Awaited
WYRK00251	657908	6849886	Results Awaited
WYRK00252	657975	6849729	Results Awaited
WYRK00253	658022	6849522	Results Awaited
WYRK00254	658037	6849512	Results Awaited
WYRK00255	658050	6849509	Results Awaited
WYRK00256	657944	6849448	Results Awaited
WYRK00257	657964	6849436	Results Awaited
WYRK00258	658010	6849416	Results Awaited
WYRK00259	658085	6849444	Results Awaited
WYRK00260	658089	6849428	Results Awaited
WYRK00261	658098	6849409	Results Awaited
WYRK00262	658115	6849336	Results Awaited
WYRK00263	658244	6849332	Results Awaited

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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WYRK00264	658326	6849325	Results Awaited
WYRK00265	658365	6849295	Results Awaited
WYRK00266	658355	6849243	Results Awaited
WYRK00267	658317	6849231	Results Awaited
WYRK00268	658281	6849203	Results Awaited
WYRK00269	658254	6849175	Results Awaited
WYRK00270	658171	6849100	Results Awaited
WYRK00271	658536	6849143	Results Awaited
WYRK00272	658610	6849098	Results Awaited
WYRK00273	658678	6849045	Results Awaited
WYRK00274	658662	6849036	Results Awaited
WYRK00275	658633	6849015	Results Awaited

ENDS

About Aldoro Resources

Aldoro Resources Ltd is an ASX-listed ( ASX: ARN ) mineral exploration and development company. Aldoro has a portfolio of gold and nickel focused advanced exploration projects, all located in Western Australia. The Company’s flagship project is the Narndee Igneous Complex, which is prospective for Ni-Cu-PGE mineralisation. The Company’s other Ni-Cu-PGE projects include the Cathedrals Belt Nickel Project, with a significant tenement holding surrounding St George Mining’s ( ASX: SGQ ) Mt Alexander Project, the Leinster Nickel Project (Ni), and the Windimurra Igneous Complex (Ni-Cu-PGE, Li).

Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Aldoro operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Aldoro’s control.

Aldoro does not undertake any obligation to update publicly or release any revisions to these forwardlooking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Aldoro, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as of the date of this announcement.

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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This announcement is not an offer, invitation or recommendation to subscribe for or purchase securities by Aldoro. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

Competent Person Statement

The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). It has been compiled and assessed under the supervision of Luke Marshall, a geological consultant to Aldoro Resources Ltd. Mr Mitchell is a Member of the Australasian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Mitchell consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

This announcement has been approved for release to ASX by the Board of Aldoro Resources

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ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792 SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005 http://www.aldororesources.com

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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg cut channels, random chips, or specific	Wyemandoo sampling
techniques	specialised industry standard measurement tools appropriate to the	•	Meridan120 & Aldoro rock chip sampling was undertaken while investigating
	minerals under investigation, such as down hole gamma sondes, or		and mapping local pegmatite relationships. It consisted of hammer
	handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the	•	prospecting over selected sites targeting local mineralisation and mineralisation styles. A handheld diamond blade demolition saw is used to cut a channel sample when the sampled medium is too hard to representatively sample with a hammer. The reported samples were grab based on the presence of lepidolite micas and are not considered representative of the pegmatites due to low number
	Public Report.		of samples and non-systematic method of sample selection
	• In cases where ‘industry standard’ work has been done this would be	•	Sampling was biased towards collecting lepidolite and green mica samples
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m	•	No industry standard was applied during the sampling process
	samples from which 3 kg was pulverised to produce a 30 g charge for fire
	assay’). In other cases more explanation may be required, such as where
	there is coarse gold that has inherent sampling problems. Unusual
	commodities or mineralisation types (eg submarine nodules) may warrant
	disclosure of detailed information.
Drilling	• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,	Wyemandoo
techniques	auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard	•	No reported drilling in the licence.
	tube, depth of diamond tails, face-sampling bit or other type, whether core
	_is oriented and if so, by what method, etc). _
Drill sample	• Method of recording and assessing core and chip sample recoveries and	•	No reported drilling in the licence
recovery	results assessed.
	• Measures taken to maximise sample recovery and ensure representative
	nature of the samples.
	• Whether a relationship exists between sample recovery and grade and
	whether sample bias may have occurred due to preferential loss/gain of
	fine/coarse material.

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Criteria	JORC Code explanation	Commentary	Commentary
Logging	• Whether core and chip samples have been geologically and geotechnically	•	No reported drilling in the licence
	logged to a level of detail to support appropriate Mineral Resource
	estimation, mining studies and metallurgical studies.
	• Whether logging is qualitative or quantitative in nature. Core (or costean,
	channel, etc) photography.
	• The total length andpercentage of the relevant intersections logged.
Sub-sampling	• If core, whether cut or sawn and whether quarter, half or all core taken.	•	No reported drilling in the licence
techniques	• If non-core, whether riffled, tube sampled, rotary split, etc and whether	•	No sub-sampling techniques used
and sample	sampled wet or dry.	•	Not considered representative samples
preparation	• For all sample types, the nature, quality and appropriateness of the sample
	preparation technique.
	• Quality control procedures adopted for all sub-sampling stages to maximise
	representivity of samples.
	• Measures taken to ensure that the sampling is representative of the in situ
	material collected, including for instance results for field duplicate/second-
	half sampling.
	• Whether sample sizes are appropriate to the grain size of the material being
	sampled.
Quality of	• The nature, quality and appropriateness of the assaying and laboratory	Aldoro (NKR) & Meridian’s (WY) rock chip samples were tested at Intertek-
assay data and	procedures used and whether the technique is considered partial or total.	Genalysis Laboratories in Maddington WA
laboratory	• For geophysical tools, spectrometers, handheld XRF instruments, etc, the	•	Samples were crushed and ground to 75μm
tests	parameters used in determining the analysis including instrument make and	•	WY series samples Nb, Sn, Ta & W and all NKR samples were analysed by
	model, reading times, calibrations factors applied and their derivation, etc.		4A/MS a multi-element digest in 4 acids with an ICP-MS finish
	• Nature of quality control procedures adopted (eg standards, blanks,	•	WY series Cs, Li, Nb, Rb, Sn, Ta, W were analysed by FP6/MS which is a sodium
	duplicates, external laboratory checks) and whether acceptable levels of		peroxide fusion in Nickel crucibles and HCL to dissolve the melt with an ICP-
	accuracy (ie lack of bias) and precision have been established.	•	MS finish. QAQC samples were not inserted in the sample consignment, The certified
			Laboratoryused it own blanks and standards forqualitycontrol.
Verification of	• The verification of significant intersections by either independent or	•	Data collected in Li-ppm were converted by a factor of 2.153/10000 to
sampling and	alternative company personnel.		calculate a % Li2O figure
assaying	• The use of twinned holes.
	• Documentation of primary data, data entry procedures, data verification,
	data storage (physical and electronic) protocols.

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Criteria	JORC Code explanation	Commentary	Commentary
	• Discuss any adjustment to assay data.
Location of	• Accuracy and quality of surveys used to locate drill holes (collar and down-	•	Meridian and Aldoro used handheld Garmin GPS to record weigh points in
data points	hole surveys), trenches, mine workings and other locations used in Mineral		GDA94/zone 50. Samples not considered representative for Mineral Resource
	Resource estimation.		estimation
	• Specification of the grid system used.	•	Australian GDA94 datum used, no local grids
	• Quality and adequacy of topographic control.	•	No topographic control was applied or recorded
Data spacing	• Data spacing for reporting of Exploration Results.	•	No regular sample spacing applied, locations governed by available outcrop
and	• Whether the data spacing and distribution is sufficient to establish the		and at least one sample per interpreted individual pegmatite.
distribution	degree of geological and grade continuity appropriate for the Mineral	•	Sample collection method is not considered appropriate for mineral resource
	Resource and Ore Reserve estimation procedure(s) and classifications		estimation.
	applied.
	• Whether sample compositing has been applied.
Orientation of	• Whether the orientation of sampling achieves unbiased sampling of possible	•	No orientation of rock chip samples other than collection of samples
data in	structures and the extent to which this is known, considering the deposit		containing lepidolite micas
relation to	type.	•	No drilling conducted
geological	• If the relationship between the drilling orientation and the orientation of key
structure	mineralised structures is considered to have introduced a sampling bias, this
	should be assessed and reported if material.
Sample	• The measures taken to ensure sample security.	•	No security applied for the grab samples as they will not be used in resource
security			modelling

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location and ownership including	Wyemandoo
tenement and	agreements or material issues with third parties such as joint ventures,	• The project consists of E57/1017 and E59/2431 held by Aldoro and
land tenure status	partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any	E58/571 and E58/555 are under agreement with Aldoro but are still in application phase and held by Mining Equities Pty Ltd and Trafalgar Resources Pty Ltd. Sampling in E58/578 was done by Meridian 120 before a 50% reduction in E57/1017.

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Criteria	JORC Code explanation	Commentary	Commentary
	known impediments to obtaining a licence to operate in the area.	•	No known impediments to exploring on either of the Wyemandoo
			granted licences, however the licence applications have no secure title.
Exploration	• Acknowledgment and appraisal of exploration by other parties.	Limited historical exploration at Wyemandoo includes:
done by other		•	Geological mapping by Australian Geophysical Pty Ltd in 1969 (Wamex
parties			report A141). This shows one lepidolite-bearing pegmatite at
			Wyemandoo.
		•	Geological mapping by I D Martin for Alcoa in 1983 (Wamex report
			A13164). This shows dozens of pegmatite dykes at Wyemandoo.
		•	Geological mapping by Pancontinental in 1988. This shows a number of
			pegmatites and annotates them as Na, K or Li type (see Wamex report
			24289).
		•	A small number of geochemical samples, including stream sediments,
			rocks and possibly soils, have been collected within the current licence
			area but were not analysed for any elements relevant to our current
			work.
		•	As far as we are aware, no exploration drilling on pegmatites has ever
			been carried out within the current licence area
		Recent exploration by Meridian120 focused on mainly tungsten but also lithium and
		includes
		•	Detailed (1:1000 scale) geological mapping of three areas within the
			tungsten zone
		•	Reconnaissance mapping (10,000 scale) west of the known tungsten zone
		•	Broad scale mapping of pegmatites by GPS tracing
		•	UV lamp prospecting
		•	Epidote vein prospecting
		•	Stream sediment sampling
		•	Rock sampling of epidote and epidote-scheelite rocks
		•	Soil sampling (loaming) with panning of heavy mineral concentrates and
			scheelite grain counting under UV light
		•	GPS surveying of creeks and pegmatite dykes
Geology	• Deposit type, geological setting and style of mineralisation.	Wyemandoo

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Criteria	JORC Code explanation	Commentary	Commentary
		•	The licence area is underlain by gabbroic rocks of the Wyemandoo layered
			mafic intrusion. The Wyemandoo mafics are separated from the main
			Windimurra mass by a major fault zone and a sliver of felsic and sedimentary
			schists. The layering trend at Wyemandoo is very different from that of the
			main Windimurra mass. It generally strikes east-north-easterly, and dips to the
			north. Metamorphic grade at Wyemandoo is possibly higher than at
			Windimurra
		•	There are numerous pegmatite dykes at Wyemandoo. Some contain lithium
			mica. Composite rock samples from the pegmatites have given assays up to
			2.6% lithium oxide, 276 ppm tantalum, and 3296 ppm tungsten (0.42% WO3)
		•	The nearby granite pluton, immediately east of the licence area, is probably
			the parent source of the pegmatites this granite is named as part of the
			Wogala Suite. It is described as a metamorphosed monzogranite containing
			muscovite and biotite and local accessory fluorite
		•	In a geochronology report (Wingate 2015) the same granite is said to be part
			of the Tuckanarra Suite and a sample of it from near the north-eastern corner
			of the current licence area is described as biotite monzogranite with quartz, K-
			feldspar, plagioclase, biotite and muscovite plus accessory minerals. Its
			magmatic crystallisation age was determined by the zircon uranium-lead
			method as 2,678 million years (plus or minus 8 million years)
		•	Topaz, fluorite, beryl, lepidolite and trace tantalite have been recorded at
			Mount Wyemandoo not far from the project area (suggesting strong
			fractionation of a granite/pegmatite magma capable of depositing rare
			metals)
		•	Meridian have found an extensive zone of hydrothermal epidote-garnet-
			quartz-scheelite veins in the licence area. The veins are high-grade with rock
			assays up to 16.5% W03and occur along a linear structure hundreds of metres
			long.
Drill hole	• A summary of all information material to the understanding of the		No historical or current drilling on the licences for pegmatites
Information	exploration results including a tabulation of the following information for all
	Material drill holes:
	o easting and northing of the drill hole collar
	o elevation or RL (Reduced Level – elevation above sea level in metres) of
	the drill hole collar
	o dip and azimuth of the hole

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Criteria	JORC Code explanation	Commentary	Commentary
	o down hole length and interception depth
	o hole length.
	• If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from the
	understanding of the report, the Competent Person should clearly explain
	why this is the case.
Data	• In reporting Exploration Results, weighting averaging techniques, maximum	•	Not applicable
aggregation	and/or minimum grade truncations (eg cutting of high grades) and cut-off
methods	grades are usually Material and should be stated.
	• Where aggregate intercepts incorporate short lengths of high grade results
	and longer lengths of low grade results, the procedure used for such
	aggregation should be stated and some typical examples of such
	aggregations should be shown in detail.
	• The assumptions used for any reporting of metal equivalent values should
	be clearly stated.
Relationship	• These relationships are particularly important in the reporting of Exploration	•	No Drilling reported in the reported areas sampled
between	Results.		.
mineralisation	• If the geometry of the mineralisation with respect to the drill hole angle is
widths and	known, its nature should be reported.
intercept	• If it is not known and only the down hole lengths are reported, there should
lengths	be a clear statement to this effect (eg ‘down hole length, true width not
	_known’). _
Diagrams	• Appropriate maps and sections (with scales) and tabulations of intercepts	•	No drilling results reported
	should be included for any significant discovery being reported These should
	include, but not be limited to a plan view of drill hole collar locations and
	appropriate sectional views.
Balanced	• Where comprehensive reporting of all Exploration Results is not practicable,	•	Full analytical results are provided for the lepidolite samples, while other rock
reporting	representative reporting of both low and high grades and/or widths should		chip results are available these are focused on scheelite mineralisation, not
	be practiced to avoid misleading reporting of Exploration Results.		the commodity reported in the release or targeted for investigation at this
			stage.
Other	• Other exploration data, if meaningful and material, should be reported	•	Only the reported preliminary grab sample rock chips are material to the
substantive	including (but not limited to): geological observations; geophysical survey		Rb/Li/Cs investigation

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Criteria	JORC Code explanation	Commentary	Commentary
exploration	results; geochemical survey results; bulk samples – size and method of
data	treatment; metallurgical test results; bulk density, groundwater,
	geotechnical and rock characteristics; potential deleterious or
	contaminating substances.
Further work	• The nature and scale of planned further work (eg tests for lateral extensions	•	Future work will consist of detailed geological mapping supplemented by
	or depth extensions or large-scale step-out drilling).		spectral surveying, surface geochemical sampling and pattern drill testing to
	• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	•	assess the 3D potential of the host rocks to contain significant volumes of mineralisation High resolution satellite and drone imagery has been used to discriminate dyke-like features which may or may not be related to pegmatites. The
			proposed sampling programme will confirm if these features are pegmatitic
			through geological inspection and analysis using a pXRF analyser.

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