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ALDORO RESOURCES LIMITED Capital/Financing Update 2021

Aug 26, 2021

64422_rns_2021-08-26_1f849bf4-5e30-4343-a0e6-a33bd202ca23.pdf

Capital/Financing Update

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ASX and Media Release 27 August 2021

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World Class Rubidium Potential at Niobe

  • Aldoro defines an initial Exploration Target over part of the Niobe Pegmatite 1

  • The Niobe Tantalum prospect has been re-evaluated for Rubidium potential with historical Rubidium oxide (Rb2O) up to 1.09% from mid-1980’s RC drill holes

  • The majority of the mapped Pegmatite 1 remains untested for Rubidium

  • Drilling at the Niobe Project to commence in late September and will also target the Lithium potential of the mapped pegmatites.

Aldoro is pleased to announce that it has defined an initial Exploration Target of approximately 33,000-150 ,000 tonnes at grades ranging 696-1457ppm Rubidium Oxide (Rb2O) over an area bound by 80m by 65m of detailed drilling. The area represents less than half the mapped section of the Niobe pegmatite (Pegmatite No.1). The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.

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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 1: Location Map showing the location of the Exploration Target, mapped pegmatites, and proposed areas for drilling. Also shown are the few rock samples with Rb analyses available.

The results are based on historical (1984-1986) drilling by Pancontinental Mining Limited from 31 close interval (top to tail) holes, ~10m spacing East-West and ~15m spacing north-south over an area of 80m (E-W) by 65m (N-S). RC hole depths ranged from 13 to 48m (average 29m) with 26 inclined holes at 60-70[o] at azimuths of 180[o] (south) and 5 vertical holes.

Down hole sampling was conducted at 1m intervals with assays available for the pegmatite intervals and contact zones, resulting in 809 samples. Sub-samples were analysed for the lithium suite (Li, Rb, Cs, Nb, Ta, Sn, K & Na) by combined XRF and total acid digest and AAS finish.

Drilling indicated a shallow dipping pegmatite northly dipping sheet that plunges to the northwest, flares at surface and gently tappers with depth and in drill profile ranges from 25 to 35m in true thickness, but tappers off to the NE (strike). The pegmatite is zoned with a wall zone, intermediate zone and quartz rich core. The inclined quartz core is also zoned towards the base and most of the mineralisation occurs in the intermediate zone contact zone with the lithium rich zinnwaldite mineral dominate along the lower zone and is associated the enriched rubidium.

Apart from the Niobe pit area, where trial mining of tantalum was conducted, and 9 holes reconnaissance holes into Pegmatite 2, the pegmatite field with tenement P59/2173 has not been tested for Rubidium, Lithium and Caesium.

Tantalum was mined in 1996 with 20t of Tantalum heavy mineral concentrate produced onsite from a small shallow pit with the tailings left onsite, the Rubidium appears to be in the micas pertaining to the Zinnwaldite. The drill geochemical assays show that there is no association between Ta and Li/Rb/Cs so it is implied that the majority of the Exploration Target remains onsite.

Aldoro chairman, Mr Joshua Letcher notes to commercial potential of the historical grades and quotes Dr Minlu Fu:

”based on the News of the Mining Association of Guangdong Province of China, a major Rubidium deposit called the Tiantangshan Rb deposit, was discovered in Guangdong province in 2019. It was reported that the Tiantangshan Rubidium deposit with the resources of Rb2O over 100,000 tonnes at the average grade 0.109% Rb2O, is the biggest Rb deposit in the world. On 8 May 2019, the Guangdong Provincial Government made an announcement saying that, as the project will be very profitable, the Provincial Government will invest multibillion RMB to exploit this Rb project in the next five years.

It seems that the potential resources of the Niobe Rb project of Aldoro Resources Limited may be in the same order with the Tiantongshan Rb deposit with analyses of Rb2O>1.5% and is associated with other valuable elements, such as Lithium, Caesium and Tantalum

Forward Plan

The forward programme involves expanding the Exploration Target area encompassing the mapped pegmatite on the western side of Niobe (Pegmatite No.1), the high interest Rb bearing sections of Niobe East (Pegmatite No,2), the Breakaway pegmatites and Niobe South Pegmatites (figure 1). Pending the approval of a Programme of Works (POW) it is anticipated that an RC programme will commence at the end of September.

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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 2: Westerly section (526160mE) across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target. Key Col- Colluvium, GabGabbro, Peg - Pegmatite, Qcore – quartz core, NaPeg – Sodium Pegmatite, Trans – Transitional lithology, VQZ – massive vein quartz

Figure 3: Section 526170mE across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target

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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 4: Section 526180mE across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target

Figure 5: Section 526190mE across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target

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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 6: Section 526205mE across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target

Figure 7: Section 526215mE across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target

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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 8: Section 526225mE across the Exploration Target showing the down hole Rubidium assays in both histogram and thematic image as modelled for the Exploration Target.

This Announcement has been approved for release by the Board of Aldoro Resources Ltd

About Aldoro Resources

Aldoro Resources Ltd is an ASX-listed (ASX:ARN) mineral exploration and development company. Aldoro has a collection of gold, nickel and lithium focused advanced exploration projects all located in Western Australia. The Company’s flagship project is the Narndee Igneous Complex, highly prospective for Ni- Cu-PGE mineralisation. Aldoro is also currently exploring the Penny South Gold Project, which is contiguous to Ramelius Resources (ASX:RMS) Penny West Project in the Youanmi Gold Mining District, as well as Unaly Hill South (Au) and Kiabye Well (Au). The Company’s other projects include the Cathedrals Belt Nickel Project, with a significant tenement holding surround St George Mining’s (ASX:SGQ) Mt Alexander Project, the Leinster Nickel Project(Ni), Windimurra Igneous Complex (Ni-Cu- PGE, Li) and Ryans Find (Au, Ni-Cu-PGE).

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 several factors and subject to various uncertainties and contingencies, many of which will be outside Aldoro’s control.

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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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Aldoro does not undertake any obligation to update publicly or release any revisions to these forward-looking 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 at the date of this announcement.

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 Persons Statement

The information in this announcement that relates to exploration data and results derived from open file reports and information supplied by the current licence holder has been prepared in accordance with the 2012 Edition of the Australian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC). The data was reviewed and compiled by Mr Mark Mitchell, a geological consultant to Aldoro Resources Ltd. Mr Mitchell is a Registered Professional Geoscientist (No.10049) with the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Mitchell consents to the inclusion in the release of the statements based on his information in the form and context in which it appears.

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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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Appendix 1: List of Pancontinental’s drill holes used in the Exploration Target

Hole_ID **Easting ** **Northing ** Elevation (m) Datum **Dip ** **Azm ** EOH
MTF01 526332 6935179 474 GDA94z50 -59 180 33
MTF02 526368 6935168 474 GDA94z50 -70 180 20
MTF03 526367 6935189 475 GDA94z50 -70 180 29
MTF10 526298 6935170 473 GDA94z50 -60 160 32
MTF14 526344 6935158 476 GDA94z50 -50 180 20
MTF15 526332 6935168 475 GDA94z50 -50 180 27
MTF16 526355 6935166 475 GDA94z50 -60 180 19
MTF17 526346 6935167 475 GDA94z50 -60 180 25
MTF18 526346 6935182 475 GDA94z50 -60 180 30
MTF19 526330 6935194 474 GDA94z50 -60 180 39
MTF20 526321 6935178 474 GDA94z50 -60 180 33
MTF21 526355 6935183 475 GDA94z50 -60 180 29
MTF22 526345 6935199 475 GDA94z50 -60 180 37
MTF23 526330 6935201 474 GDA94z50 -80 180 41
MTF24 526320 6935192 473 GDA94z50 -60 180 42
MTF25 526318 6935202 473 GDA94z50 -60 180 48
MTF26 526322 6935169 474 GDA94z50 -60 180 29
MTF27 526311 6935164 474 GDA94z50 -60 180 30
MTF28 526311 6935174 473 GDA94z50 -60 180 33
MTF29 526311 6935191 473 GDA94z50 -60 180 41
MTF30 526302 6935157 473 GDA94z50 -60 180 27
MTF31 526301 6935177 472 GDA94z50 -60 180 39
MTF32 526301 6935189 472 GDA94z50 -60 180 43
MTF33 526350 6935151 476 GDA94z50 -60 180 17
MTF34 526369 6935153 474 GDA94z50 -60 180 13
MTF35 526338 6935156 476 GDA94z50 -60 180 21
MTF36 526324 6935162 476 GDA94z50 -90 0 31
MTF37 526328 6935142 477 GDA94z50 -90 0 20
MTF38 526329 6935153 478 GDA94z50 -90 0 24
MTF39 526323 6935149 477 GDA94z50 -90 0 27
MTF40 526320 6935153 476 GDA94z50 -90 0 26

Appendix 2: Down Hole Intersections

Hole_ID **DN_from ** **DH_to ** Rocktype
MTF01 0 1 Colluvium
MTF01 1 3.5 Gabbro
MTF01 3.5 7 Pegmatite
MTF01 7 17 Quartz core
MTF01 17 29.5 Sodium Pegmatite
MTF01 29.5 32 Transition zone
MTF01 32 33 Gabbro

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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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Hole_ID **DN_from ** **DH_to ** Rocktype
MTF02 0 1 Colluvium
MTF02 1 11 Gabbro
MTF02 11 17.6 Pegmatite
MTF02 17.6 20 Gabbro
MTF03 0 1 Colluvium
MTF03 1 20 Gabbro
MTF03 20 22 Transition zone
MTF03 22 26.8 Pegmatite
MTF03 26.8 29 Gabbro
MTF10 0 1 Colluvium
MTF10 1 4.3 Gabbro
MTF10 4.3 30 Pegmatite
MTF10 30 32 Gabbro
MTF14 0 3 Pegmatite
MTF14 3 5 Quartz core
MTF14 5 17.9 Pegmatite
MTF14 17.9 20 Gabbro
MTF15 0 4 Pegmatite
MTF15 4 10 Quartz core
MTF15 10 24.8 Pegmatite
MTF15 24.8 27 Gabbro
MTF16 0 6.2 Gabbro
MTF16 6.2 8 Pegmatite
MTF16 8 13 Quartz core
MTF16 13 16.1 Pegmatite
MTF16 16.1 19 Gabbro
MTF17 0 4.5 Gabbro
MTF17 4.5 7 Pegmatite
MTF17 7 9 Quartz core
MTF17 9 19.8 Pegmatite
MTF17 19.8 25 Gabbro
MTF18 0 11.7 Gabbro
MTF18 11.7 15 Pegmatite
MTF18 15 20 Quartz core
MTF18 20 26 Pegmatite
MTF18 26 30 Gabbro
MTF19 0 7.3 Gabbro
MTF19 7.3 16 Pegmatite
MTF19 16 22 Quartz core
MTF19 22 36.1 Pegmatite
MTF19 36.1 39 Gabbro
MTF20 0 6 Pegmatite
MTF20 6 15 Quartz core
MTF20 15 30.5 Pegmatite
MTF20 30.5 33 Gabbro

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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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Hole_ID **DN_from ** **DH_to ** Rocktype
MTF21 0 15 Gabbro
MTF21 15 16 Pegmatite
MTF21 16 20 Quartz core
MTF21 20 25 Pegmatite
MTF21 25 29 Gabbro
MTF22 0 7 Gabbro
MTF22 7 18 VeinQuartz Massive
MTF22 18 19 VeinQuartz Massive
MTF22 19 23 Pegmatite
MTF22 23 27 Quartz core
MTF22 27 35 Pegmatite
MTF22 35 37 Gabbro
MTF23 0 1 Colluvium
MTF23 1 3 Gabbro
MTF23 3 6 VeinQuartz Massive
MTF23 6 12.9 Gabbro
MTF23 12.9 16 Pegmatite
MTF23 16 31 Quartz core
MTF23 31 38 Pegmatite
MTF23 38 41 Gabbro
MTF24 0 9 Gabbro
MTF24 9 16 Pegmatite
MTF24 16 25 Quartz core
MTF24 25 30 Pegmatite
MTF24 30 35 Pegmatite
MTF24 35 39.5 Pegmatite
MTF24 39.5 42 Gabbro
MTF25 0 1 Colluvium
MTF25 1 21 Gabbro
MTF25 21 29 Pegmatite
MTF25 29 32 Quartz core
MTF25 32 42 Pegmatite
MTF25 42 43 Pegmatite
MTF25 43 46 Pegmatite
MTF25 46 48 Gabbro
MTF26 0 10 VeinQuartz Massive
MTF26 10 14 Pegmatite
MTF26 14 17 Quartz core
MTF26 17 27 Pegmatite
MTF26 27 29 Gabbro
MTF27 0 9 VeinQuartz Massive
MTF27 9 16 Pegmatite
MTF27 16 19 Pegmatite
MTF27 19 28 Pegmatite
MTF27 28 30 Gabbro

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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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Hole_ID **DN_from ** **DH_to ** Rocktype
MTF28 0 1 Colluvium
MTF28 1 3 Gabbro
MTF28 3 9 Pegmatite
MTF28 9 19 Quartz core
MTF28 19 31 Pegmatite
MTF28 31 32 Transition zone
MTF28 32 33 Gabbro
MTF29 0 18.5 Gabbro
MTF29 18.5 19 VeinQuartz Massive
MTF29 19 34 Pegmatite
MTF29 34 37 Quartz core
MTF29 37 39.5 Pegmatite
MTF29 39.5 41 Gabbro
MTF30 0 2 Colluvium
MTF30 2 7 Pegmatite
MTF30 7 15 Quartz core
MTF30 15 25.6 Pegmatite
MTF30 25.6 27 Gabbro
MTF31 0 1 Colluvium
MTF31 1 2 Gabbro
MTF31 2 16.5 Gabbro
MTF31 16.5 29 Pegmatite
MTF31 29 36 Pegmatite
MTF31 36 37 Transition zone
MTF31 37 39 Gabbro
MTF32 0 2 Colluvium
MTF32 2 27.4 Gabbro
MTF32 27.4 36 Pegmatite
MTF32 36 41 Pegmatite
MTF32 41 43 Gabbro
MTF33 0 2 Pegmatite
MTF33 2 8 Quartz core
MTF33 8 13 Pegmatite
MTF33 13 17 Gabbro
MTF34 0 3 Gabbro
MTF34 3 5 Pegmatite
MTF34 5 7 Quartz core
MTF34 7 11 Pegmatite
MTF34 11 13 Gabbro
MTF35 0 8 VeinQuartz Massive
MTF35 8 11 Pegmatite
MTF35 11 16 Quartz core
MTF35 16 19 Pegmatite
MTF35 19 21 Gabbro

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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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----- Start of picture text -----

Hole_ID DN_from DH_to Rocktype
MTF36 0 10 Vein Quartz Massive
MTF36 10 14 Pegmatite
MTF36 14 21 Pegmatite
MTF36 21 27.5 Pegmatite
MTF36 27.5 30 Transition zone
MTF36 30 31 Gabbro
MTF37 0 14 Quartz core
MTF37 14 18 Pegmatite
MTF37 18 20 Gabbro
MTF38 0 12 Quartz core
MTF38 12 18 Pegmatite
MTF38 18 22 Pegmatite
MTF38 22 24 Gabbro
MTF39 0 11 Quartz core
MTF39 11 19 Pegmatite
MTF39 19 21 Pegmatite
MTF39 21 25 Pegmatite
MTF39 25 27 Gabbro
MTF40 0 15 Quartz core
MTF40 15 25 Pegmatite
MTF40 25 26 Gabbro
----- End of picture text -----

Appendix 3: Down hole Geology and Assays .

Key: Col- Colluvium, Gab- Gabbro, Peg - Pegmatite, QtzCore – quartz core, NaPeg – Sodium Pegmatite, Trans – Transitional lithology, VQZ – massive vein quartz

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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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Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF01 3 4 Gab/Peg 136 293 0.029 440 90 2.92 0.460 18 22 15 20
MTF01 4 5 Peg 61 131 0.013 480 60 4.73 55 67 25 40
MTF01 5 6 Peg 209 450 0.045 740 65 4.11 0.680 50 61 60 50
MTF01 6 7 Peg 165 355 0.036 630 55 5.25 0.650 40 49 50 50
MTF01 7 8 QtzCore 55 118 0.012 330 45 5.81 0.290 45 55 0 30
MTF01 8 9 QtzCore 70 151 0.015 180 100 3.20 0.130 35 43 0 7
MTF01 9 10 QtzCore 292 629 0.063 65 2500 0.34 0.000 15 18 0 5
MTF01 10 11 QtzCore 65 140 0.014 5 30 0.05 0.000 0 6 0 3
MTF01 11 12 QtzCore 79 170 0.017 6 15 0.05 0.040 0 6 0 4
MTF01 12 13 QtzCore 59 127 0.013 4 0 0.05 0.020 0 6 0 4
MTF01 13 14 QtzCore 44 95 0.009 5 15 0.06 0.010 0 6 0 3
MTF01 14 15 QtzCore 52 112 0.011 4 12 0.05 0.000 15 18 0 3
MTF01 15 16 QtzCore 50 108 0.011 3 19 0.06 0.000 0 6 0 3
MTF01 16 17 QtzCore 34 73 0.007 3 20 0.06 0.010 10 12 0 4
MTF01 17 18 NaPeg 33 71 0.007 55 15 1.25 0.130 3600 4396 18 200
MTF01 18 19 NaPeg 22 47 0.005 270 25 8.95 0.600 6100 7448 55 400
MTF01 19 20 NaPeg 14 30 0.003 160 0 7.07 0.520 13000 15873 110 820
MTF01 20 21 NaPeg 17 37 0.004 150 30 7.11 0.330 5200 6349 65 300
MTF01 21 22 NaPeg 12 26 0.003 55 10 7.67 0.140 2300 2808 30 130
MTF01 22 23 NaPeg 7 15 0.002 12 0 7.87 0.080 1100 1343 10 50
MTF01 23 24 NaPeg 680 1464 0.146 1200 160 3.13 0.860 180 220 30 18
MTF01 24 25 NaPeg 248 534 0.053 1300 150 3.29 0.950 50 61 75 35
MTF01 25 26 NaPeg 107 230 0.023 720 65 5.36 1.000 140 171 90 180
MTF01 26 27 NaPeg 66 142 0.014 630 45 5.66 0.820 80 98 40 75
MTF01 27 28 NaPeg 39 84 0.008 180 17 6.44 0.350 60 73 13 45
MTF01 28 29 NaPeg 50 108 0.011 470 50 5.40 0.580 20 24 40 50
MTF01 29 30 Peg/Trans 64 138 0.014 600 50 2.76 0.990 35 43 70 80
MTF01 30 31 Trans 44 95 0.009 80 10 1.41 0.480 0 6 0 3
MTF02 10 11 Gab 273 588 0.059 310 40 3.08 0.550 10 12 25 25
MTF02 11 12 Peg 139 299 0.030 320 70 5.28 0.320 65 79 30 65
MTF02 12 13 Peg 86 185 0.019 55 25 2.75 0.000 60 73 0 6
MTF02 13 14 Peg 970 2088 0.209 1200 210 5.81 0.700 40 49 50 18
MTF02 14 15 Peg 940 2024 0.202 1800 160 1.55 1.500 25 31 150 60
MTF02 15 16 Peg 630 1356 0.136 1100 230 4.59 0.930 75 92 75 70
MTF02 16 17 Peg 970 2088 0.209 1500 330 4.74 1.150 95 116 100 60
MTF02 17 18 Peg/Gab 286 616 0.062 400 70 2.86 0.590 35 43 30 65
MTF02 18 19 Peg/Gab 122 263 0.026 65 10 1.26 0.330 0 6 0 5
MTF03 20 21 Trans 51 110 0.011 8 0 0.18 0.030 0 6 0 4
MTF03 21 22 Trans 102 220 0.022 95 35 2.27 0.220 0 6 0 14
MTF03 22 23 Peg 377 812 0.081 990 230 3.74 0.920 260 317 110 370
MTF03 23 24 Peg 285 614 0.061 930 170 6.48 0.710 120 147 50 80
MTF03 24 25 Peg 590 1270 0.127 1400 210 3.87 1.000 140 171 140 60
MTF03 25 26 Peg 210 452 0.045 520 75 2.54 0.710 65 79 55 70
MTF03 26 27 Peg/Gab 138 297 0.030 190 30 1.18 0.430 0 6 12 7
MTF10 4 5 Peg 24 52 0.005 230 25 3.31 0.660 12 15 20 20
MTF10 5 6 Peg 113 243 0.024 650 110 4.05 1.100 45 55 40 20
MTF10 6 7 Peg 222 478 0.048 560 95 3.82 0.700 40 49 30 40
MTF10 7 8 Peg 620 1335 0.133 840 100 1.84 0.890 30 37 75 55
MTF10 8 9 Peg 1690 3639 0.364 2500 220 1.12 2.200 35 43 240 90
MTF10 9 10 Peg 1490 3208 0.321 2000 220 1.66 2.050 40 49 190 80
MTF10 10 11 Peg 1660 3574 0.357 2300 220 1.50 2.050 45 55 210 80
MTF10 11 13 Peg 900 1938 0.194 1500 180 2.61 1.050 0 6 100 20
MTF10 13 14 Peg 1880 4048 0.405 2300 290 2.46 1.350 25 31 90 18
MTF10 14 15 Peg 1210 2605 0.261 1700 200 2.94 0.990 60 73 95 20
MTF10 15 16 Peg 1550 3337 0.334 2000 250 1.78 1.050 40 49 95 18
MTF10 16 17 Peg 3200 6890 0.689 3700 460 2.01 1.800 13 16 130 18
MTF10 17 18 Peg 1670 3596 0.360 2200 240 2.02 1.400 40 49 160 50
MTF10 18 19 Peg 1990 4284 0.428 2700 270 2.40 1.700 55 67 190 45
MTF10 19 20 Peg 2800 6028 0.603 3400 280 1.04 2.560 25 31 260 90
MTF10 20 21 Peg 1660 3574 0.357 2100 230 2.16 1.400 50 61 160 60
MTF10 21 22 Peg 210 452 0.045 410 55 6.52 0.410 12 15 25 12
MTF10 22 23 Peg 50 108 0.011 860 85 5.85 0.650 60 73 40 15
MTF10 23 24 Peg 79 170 0.017 1400 130 5.04 1.050 50 61 100 35
MTF10 24 25 Peg 471 1014 0.101 830 100 3.35 0.730 20 24 80 40
MTF10 25 26 Peg 540 1163 0.116 2100 200 2.82 1.950 55 67 190 110
MTF10 26 27 Peg 139 299 0.030 810 95 4.62 0.890 55 67 80 85
MTF10 27 28 Peg 34 73 0.007 95 11 7.43 0.210 45 55 20 60
MTF10 28 29 Peg 37 80 0.008 65 10 7.72 0.130 60 73 35 90
MTF10 29 30 Peg 17 37 0.004 200 17 6.92 0.840 50 61 35 85
MTF10 30 31 Gab 35 75 0.008 180 12 1.85 0.820 0 6 13 5
MTF10 31 32 Gab 45 97 0.010 220 15 2.25 0.760 0 6 11 7
MTF13 3 4 Gab/Peg 250 538 0.054 580 60 2.30 0.720 20 24 8 24
MTF13 4 5 Peg 580 1249 0.125 920 110 3.30 0.640 20 24 34 38
MTF13 5 6 Peg/Gab 380 818 0.082 600 140 1.91 0.590 10 12 16 22

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

==> picture [71 x 42] intentionally omitted <==

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF13 6 7 Gab 230 495 0.050 620 100 3.20 0.540 20 24 28 34
MTF13 7 8 Gab/Peg 55 118 0.012 680 50 4.20 1.110 185 226 20 46
MTF13 8 9 Peg 220 474 0.047 1950 1150 3.00 5.150 17 21 18 30
MTF13 9 10 Peg 590 1270 0.127 2050 160 2.40 3.300 25 31 38 36
MTF13 10 11 Peg/Gab 900 1938 0.194 1750 170 2.90 1.980 25 31 46 60
MTF13 11 12 Gab 250 538 0.054 460 60 2.05 0.690 10 12 18 18
MTF13 12 13 Gab/Peg 420 904 0.090 670 220 1.00 0.730 5 6 10 14
MTF13 13 14 Peg 95 205 0.020 370 30 5.30 0.610 330 403 18 65
MTF13 14 15 Peg 125 269 0.027 740 50 6.20 0.090 520 635 32 75
MTF13 15 16 Peg 65 140 0.014 340 30 5.50 0.510 30 37 20 32
MTF13 16 17 Peg 32 69 0.007 210 30 6.00 0.250 25 31 16 30
MTF13 17 18 Peg 37 80 0.008 135 25 5.15 0.210 43 53 12 41
MTF13 18 19 Peg 32 69 0.007 185 30 6.10 0.270 20 24 12 32
MTF13 19 20 Peg 40 86 0.009 190 40 5.60 0.230 15 18 12 28
MTF13 20 21 Peg/Gab 200 431 0.043 630 80 3.50 0.920 20 24 40 42
MTF13 21 22 Gab 280 603 0.060 370 190 1.96 0.420 20 24 14 16
MTF14 2 3 Peg 2100 4521 0.452 1650 120 3.80 0.820 25 31 48 16
MTF14 3 4 QtzCore 120 258 0.026 20 20 0.08 0.010 5 6 2 4
MTF14 4 5 QtzCore 75 161 0.016 270 50 3.80 0.520 55 67 12 20
MTF14 5 6 Peg 60 129 0.013 470 40 6.10 0.790 380 464 16 60
MTF14 6 7 Peg 50 108 0.011 520 30 6.20 0.940 350 427 32 70
MTF14 7 8 Peg 60 129 0.013 280 30 6.60 0.480 960 1172 14 65
MTF14 8 9 Peg 14 30 0.003 320 30 7.30 0.540 1100 1343 18 80
MTF14 9 10 Peg 6 13 0.001 155 30 7.60 0.280 540 659 20 44
MTF14 10 11 Peg 9 19 0.002 185 30 7.90 0.260 2000 2442 24 105
MTF14 11 12 Peg 14 30 0.003 240 30 7.15 0.330 2800 3419 35 158
MTF14 12 13 Peg 14 30 0.003 65 30 0.40 0.020 190 232 12 18
MTF14 13 14 Peg 270 581 0.058 530 40 5.00 0.680 240 293 14 16
MTF14 14 15 Peg 2200 4737 0.474 1950 160 1.98 1.000 30 37 38 22
MTF14 15 16 Peg 1500 3230 0.323 1750 110 3.80 1.490 55 67 85 110
MTF14 16 17 Peg 650 1399 0.140 1150 130 5.00 1.080 40 49 60 60
MTF14 17 18 Peg/Gab 210 452 0.045 430 40 4.50 0.580 30 37 28 70
MTF14 18 19 Gab 170 366 0.037 100 20 1.37 0.330 5 6 2 7
MTF14 19 20 Gab 110 237 0.024 110 30 1.44 0.460 5 6 8 6
MTF15 2 3 Peg 70 151 0.015 100 40 0.21 0.080 5 6 6 4
MTF15 3 4 Peg 100 215 0.022 115 50 0.21 0.100 5 6 6 2
MTF15 4 5 QtzCore 80 172 0.017 40 30 0.16 0.040 5 6 2 2
MTF15 5 6 QtzCore 100 215 0.022 6 20 0.06 0.005 5 6 2 1
MTF15 6 7 QtzCore 110 237 0.024 26 30 0.05 0.020 5 6 8 4
MTF15 7 8 QtzCore 85 183 0.018 7 20 0.06 0.005 5 6 2 3
MTF15 8 9 QtzCore 70 151 0.015 5 20 0.04 0.005 5 6 6 2
MTF15 9 10 QtzCore 60 129 0.013 6 30 0.01 0.005 5 6 2 2
MTF15 10 11 Peg 26 56 0.006 85 30 4.20 0.130 1050 1282 10 70
MTF15 11 12 Peg 9 19 0.002 178 45 6.80 0.180 13700 16728 85 675
MTF15 12 13 Peg 16 34 0.003 40 20 2.30 0.050 8500 10379 55 430
MTF15 13 14 Peg 34 73 0.007 14 20 0.06 0.020 30 37 8 6
MTF15 14 15 Peg 40 86 0.009 16 30 0.25 0.010 45 55 2 2
MTF15 15 16 Peg 20 43 0.004 165 30 5.50 0.250 450 549 24 36
MTF15 16 17 Peg 12 26 0.003 290 30 6.70 0.810 1050 1282 42 70
MTF15 17 18 Peg 18 39 0.004 160 40 7.50 0.240 2450 2991 24 115
MTF15 18 19 Peg 9 19 0.002 55 30 5.10 0.170 590 720 36 30
MTF15 19 20 Peg 3 6 0.001 48 20 7.20 0.100 2500 3053 40 130
MTF15 20 21 Peg 2 4 0.000 90 20 7.20 0.230 480 586 38 30
MTF15 21 22 Peg 1025 2207 0.221 1625 155 4.65 0.930 140 171 58 26
MTF15 22 23 Peg 640 1378 0.138 1500 90 4.40 1.190 40 49 90 80
MTF15 23 24 Peg 85 183 0.018 820 80 5.10 0.620 80 98 55 60
MTF15 24 25 Peg/Gab 28 60 0.006 70 30 4.00 0.130 75 92 18 80
MTF16 5 6 Gab 240 517 0.052 70 20 1.07 0.330 5 6 20 4
MTF16 6 7 Gab/Peg 990 2131 0.213 1050 110 3.30 0.870 20 24 65 44
MTF16 7 8 Peg 1500 3230 0.323 1650 110 4.50 0.990 50 61 85 95
MTF16 8 9 QtzCore 200 431 0.043 42 30 0.96 0.040 5 6 2 3
MTF16 9 10 QtzCore 125 269 0.027 10 30 0.02 0.005 5 6 4 2
MTF16 10 11 QtzCore 125 269 0.027 12 20 0.01 0.005 5 6 4 2
MTF16 11 12 QtzCore 270 581 0.058 63 120 0.07 0.020 5 6 4 2
MTF16 12 13 QtzCore 2400 5167 0.517 1450 180 2.70 0.660 40 49 34 18
MTF16 13 14 Peg 950 2045 0.205 1450 170 3.10 0.790 15 18 70 22
MTF16 14 15 Peg 2100 4521 0.452 1850 120 2.90 1.540 25 31 85 55
MTF16 15 16 Peg 850 1830 0.183 880 120 3.00 0.620 40 49 55 70
MTF16 16 17 Peg/Gab 180 388 0.039 85 20 1.24 0.290 5 6 4 18
MTF17 3 4 Gab 165 355 0.036 95 20 1.05 0.330 5 6 16 4
MTF17 4 5 Gab/Peg 165 355 0.036 250 70 1.97 0.450 10 12 6 18
MTF17 5 6 Peg 1950 4198 0.420 1650 110 2.20 1.410 80 98 100 115
MTF17 6 7 Peg 1300 2799 0.280 1200 130 3.70 0.610 20 24 44 18
MTF17 7 8 QtzCore 170 366 0.037 12 30 0.05 0.005 5 6 6 2
MTF17 8 9 QtzCore 110 237 0.024 12 20 0.19 0.020 5 6 2 3

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

==> picture [71 x 42] intentionally omitted <==

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF17 9 10 Peg 40 86 0.009 420 60 4.90 0.720 70 85 6 18
MTF17 10 11 Peg 60 129 0.013 510 80 4.20 0.660 250 305 28 65
MTF17 11 12 Peg 42 90 0.009 290 30 3.80 0.460 180 220 18 30
MTF17 12 13 Peg 65 140 0.014 58 35 0.41 0.060 0 0 3 5
MTF17 13 14 Peg 44 95 0.009 320 50 3.10 0.470 340 415 20 40
MTF17 14 15 Peg 160 344 0.034 230 30 4.30 0.390 770 940 14 45
MTF17 15 16 Peg 1100 2368 0.237 1300 130 3.40 0.820 65 79 34 22
MTF17 16 17 Peg 540 1163 0.116 960 90 3.80 0.690 50 61 34 22
MTF17 17 18 Peg 470 1012 0.101 1650 180 2.80 1.400 45 55 100 60
MTF17 18 19 Peg 420 904 0.090 1050 130 4.10 0.780 40 49 65 65
MTF17 19 20 Peg/Gab 42 90 0.009 75 20 3.80 0.090 40 49 16 90
MTF17 20 21 Gab 65 140 0.014 24 20 0.43 0.070 5 6 12 10
MTF17 21 22 Gab 50 108 0.011 55 30 0.51 0.190 5 6 12 3
MTF18 10 11 Gab 185 398 0.040 90 40 1.00 0.270 10 12 34 8
MTF18 11 12 Gab/Peg 180 388 0.039 160 40 2.30 0.260 5 6 10 16
MTF18 12 13 Peg 1250 2691 0.269 1700 120 3.70 1.170 50 61 95 70
MTF18 13 14 Peg 570 1227 0.123 630 40 6.40 0.500 25 31 26 28
MTF18 14 15 Peg 155 334 0.033 250 80 2.60 0.230 5 6 8 6
MTF18 15 16 QtzCore 170 366 0.037 10 20 0.05 0.005 5 6 4 2
MTF18 16 17 QtzCore 200 431 0.043 8 30 0.01 0.005 5 6 2 2
MTF18 17 18 QtzCore 50 108 0.011 6 20 0.02 0.010 5 6 4 2
MTF18 18 19 QtzCore 85 183 0.018 6 30 0.02 0.005 5 6 2 1
MTF18 19 20 QtzCore 90 194 0.019 12 30 0.28 0.020 10 12 6 3
MTF18 20 21 Peg 600 1292 0.129 1275 105 4.65 2.750 1300 1587 26 63
MTF18 21 22 Peg 1450 3122 0.312 2250 180 2.25 1.010 855 1044 46 16
MTF18 22 23 Peg 210 452 0.045 980 100 2.35 0.550 15 18 32 18
MTF18 23 24 Peg 430 926 0.093 1450 140 3.10 1.200 30 37 95 65
MTF18 24 25 Peg 60 129 0.013 300 20 5.50 0.500 40 49 36 70
MTF18 25 26 Peg 36 78 0.008 195 30 4.70 0.420 25 31 24 70
MTF18 26 27 Gab 105 226 0.023 145 10 0.96 0.670 5 6 10 12
MTF18 27 28 Gab 70 151 0.015 85 10 1.02 0.440 10 12 2 3
MTF19 6 7 Gab 170 366 0.037 90 30 1.14 0.270 5 6 2 6
MTF19 7 8 Gab/Peg 230 495 0.050 350 90 1.68 0.360 5 6 24 14
MTF19 8 9 Peg 960 2067 0.207 1100 80 4.20 0.950 25 31 60 42
MTF19 9 10 Peg 2000 4306 0.431 3500 165 2.95 3.480 28 34 108 70
MTF19 10 11 Peg 630 1356 0.136 1050 80 5.40 0.700 20 24 50 28
MTF19 11 12 Peg 125 269 0.027 370 30 5.80 0.310 35 43 16 28
MTF19 12 13 Peg 660 1421 0.142 1050 80 4.50 0.840 60 73 65 75
MTF19 13 14 Peg 580 1249 0.125 1200 90 2.45 0.960 60 73 65 120
MTF19 14 15 Peg 95 205 0.020 710 60 4.70 0.440 35 43 26 20
MTF19 15 16 Peg 130 280 0.028 190 70 1.20 0.180 5 6 4 7
MTF19 16 17 QtzCore 135 291 0.029 9 30 0.02 0.005 5 6 2 2
MTF19 17 18 QtzCore 80 172 0.017 5 20 0.02 0.005 5 6 10 3
MTF19 18 19 QtzCore 90 194 0.019 8 30 0.02 0.005 10 12 4 1
MTF19 19 20 QtzCore 63 136 0.014 9 15 0.04 0.010 5 6 2 4
MTF19 20 21 QtzCore 60 129 0.013 4 20 0.01 0.005 5 6 6 2
MTF19 21 22 QtzCore 65 140 0.014 5 20 0.04 0.005 5 6 8 2
MTF19 22 23 Peg 48 103 0.010 60 30 0.52 0.100 5 6 10 4
MTF19 23 24 Peg 36 78 0.008 550 100 5.90 0.750 11800 14408 50 310
MTF19 24 25 Peg 4 9 0.001 30 20 7.70 0.110 1700 2076 32 90
MTF19 25 26 Peg 560 1206 0.121 900 80 5.50 0.810 290 354 28 22
MTF19 26 27 Peg 670 1443 0.144 1250 130 1.07 0.400 40 49 42 14
MTF19 27 28 Peg 730 1572 0.157 1400 90 3.80 1.230 150 183 85 80
MTF19 28 29 Peg 24 52 0.005 40 30 5.00 0.100 80 98 6 200
MTF19 29 30 Peg 60 129 0.013 1200 85 4.20 1.140 310 379 68 85
MTF19 30 31 Peg 18 39 0.004 300 40 5.90 0.340 170 208 22 230
MTF19 31 32 Peg 32 69 0.007 730 50 5.70 0.610 90 110 60 105
MTF19 32 33 Peg 44 95 0.009 700 60 4.80 0.790 70 85 42 90
MTF19 33 34 Peg 10 22 0.002 230 30 6.20 0.280 50 61 22 75
MTF19 34 35 Peg 1 2 0.000 65 20 7.90 0.240 50 61 16 36
MTF19 35 36 Peg/Gab 1 2 0.000 55 20 6.80 0.180 80 98 8 80
MTF19 36 37 Gab 44 95 0.009 120 10 1.53 0.450 5 6 10 18
MTF20 1 2 Peg 570 1227 0.123 920 60 4.40 0.690 25 31 50 40
MTF20 2 3 Peg 270 581 0.058 350 70 4.30 0.380 25 31 18 55
MTF20 3 4 Peg 330 710 0.071 540 140 4.40 0.440 15 18 14 46
MTF20 4 5 Peg 280 603 0.060 450 40 3.10 0.390 35 43 32 80
MTF20 5 6 Peg 410 883 0.088 1050 60 4.60 0.810 20 24 46 42
MTF20 6 7 QtzCore 230 495 0.050 520 50 1.65 0.280 10 12 22 8
MTF20 7 8 QtzCore 85 183 0.018 18 30 0.07 0.010 5 6 6 3
MTF20 8 9 QtzCore 100 215 0.022 10 30 0.03 0.005 5 6 6 2
MTF20 9 10 QtzCore 170 366 0.037 6 25 0.02 0.005 10 12 4 4
MTF20 10 11 QtzCore 80 172 0.017 6 20 0.02 0.005 5 6 6 2
MTF20 11 12 QtzCore 14 30 0.003 20 20 0.04 0.010 5 6 2 3
MTF20 12 13 QtzCore 55 118 0.012 28 30 0.11 0.040 5 6 2 2
MTF20 13 14 QtzCore 90 194 0.019 7 20 0.04 0.005 5 6 4 2

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

==> picture [71 x 42] intentionally omitted <==

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF20 14 15 QtzCore 120 258 0.026 4 30 0.03 0.005 5 6 2 1
MTF20 15 16 Peg 155 334 0.033 3000 840 1.47 3.800 75 92 90 32
MTF20 16 17 Peg 65 140 0.014 910 150 5.10 0.980 380 464 30 42
MTF20 17 18 Peg 12 26 0.003 230 40 5.20 0.300 520 635 20 30
MTF20 18 19 Peg 14 30 0.003 280 40 7.60 0.370 28200 34432 140 1200
MTF20 19 20 Peg 75 161 0.016 1300 195 6.00 1.590 52000 63492 320 2425
MTF20 20 21 Peg 390 840 0.084 1200 100 6.10 1.870 590 720 36 38
MTF20 21 22 Peg 1800 3875 0.388 2000 150 1.95 0.910 85 104 46 20
MTF20 22 23 Peg 1550 3337 0.334 2300 220 4.30 1.330 85 104 130 55
MTF20 23 24 Peg 300 646 0.065 900 70 5.10 0.770 70 85 50 48
MTF20 24 25 Peg 42 90 0.009 550 40 5.30 0.690 70 85 36 80
MTF20 25 26 Peg 8 17 0.002 140 30 5.60 0.330 80 98 22 60
MTF20 26 27 Peg 10 22 0.002 1400 20 4.70 0.410 90 110 28 34
MTF20 27 28 Peg 6 13 0.001 135 20 6.50 0.510 25 31 12 55
MTF20 28 29 Peg 2 4 0.000 24 20 7.30 0.090 100 122 10 65
MTF20 29 30 Peg 3 6 0.001 55 10 6.90 0.170 75 92 14 85
MTF20 30 31 Peg/Gab 32 69 0.007 70 20 4.90 0.330 45 55 36 48
MTF21 15 16 Peg 352 758 0.076 740 35 3.61 40 49
MTF21 16 17 QtzCore 105 226 0.023 280 65 7.65 5 6
MTF21 17 18 QtzCore 38 82 0.008 120 16 5.45 5 6
MTF21 18 20 QtzCore 105 226 0.023 190 20 0.69 35 43
MTF21 20 21 Peg 1350 2907 0.291 1900 130 2.93 40 49
MTF21 21 22 Peg 1190 2562 0.256 1600 120 3.83 5 6
MTF21 22 23 Peg 1380 2971 0.297 2000 120 1.86 55 67
MTF21 23 24 Peg 0 0.000
MTF21 24 25 Peg 459 988 0.099 710 110 4.59 40 49
MTF21 25 26 Gab 82 177 0.018 150 17 2.00 5 6
MTF22 19 20 Peg 146 314 0.031 360 35 4.42 50 61
MTF22 20 21 Peg 730 1572 0.157 1900 110 3.38 16 20
MTF22 21 22 Peg 830 1787 0.179 1800 130 3.27 290 354
MTF22 22 23 Peg 148 319 0.032 510 160 2.88 25 31
MTF22 23 24 QtzCore 68 146 0.015 40 13 0.12 19 23
MTF22 24 25 QtzCore 38 82 0.008 9 10 0.06 16 20
MTF22 25 26 QtzCore 38 82 0.008 9 5 0.02 5 6
MTF22 26 27 QtzCore 88 189 0.019 720 60 6.55 490 598
MTF22 27 28 Peg 530 1141 0.114 1400 100 4.30 35 43
MTF22 28 29 Peg 890 1916 0.192 1700 110 1.40 5 6
MTF22 29 30 Peg 740 1593 0.159 1500 95 3.63 25 31
MTF22 30 31 Peg 412 887 0.089 850 55 1.54 55 67
MTF22 31 32 Peg 140 301 0.030 520 55 5.52 60 73
MTF22 32 33 Peg 45 97 0.010 330 30 5.67 80 98
MTF22 33 34 Peg 68 146 0.015 560 45 4.82 30 37
MTF22 34 35 Peg 34 73 0.007 170 19 3.45 30 37
MTF23 12 13 Gab/Peg 117 252 0.025 190 40 1.81 5 6
MTF23 13 14 Peg 550 1184 0.118 880 65 4.77 35 43
MTF23 14 15 Peg 67 144 0.014 1800 130 3.93 5 6
MTF23 15 16 Peg 1240 2670 0.267 220 60 2.87 12 15
MTF23 16 17 QtzCore 66 142 0.014 25 20 0.12 5 6
MTF23 17 18 QtzCore 121 261 0.026 3 5 0.01 20 24
MTF23 18 19 QtzCore 116 250 0.025 3 5 0.01 5 6
MTF23 19 20 QtzCore 128 276 0.028 3 5 0.02 5 6
MTF23 20 21 QtzCore 104 224 0.022 1 11 0.01 5 6
MTF23 21 22 QtzCore 42 90 0.009 4 11 0.01 20 24
MTF23 22 23 QtzCore 51 110 0.011 1 5 0.02 30 37
MTF23 23 24 QtzCore 38 82 0.008 10 5 0.01 5 6
MTF23 24 25 QtzCore 29 62 0.006 3 17 0.03 5 6
MTF23 25 26 QtzCore 81 174 0.017 3 11 0.01 5 6
MTF23 26 27 QtzCore 51 110 0.011 1 10 0.03 5 6
MTF23 27 28 QtzCore 31 67 0.007 5 11 0.02 11 13
MTF23 28 29 QtzCore 47 101 0.010 1 5 0.10 5 6
MTF23 29 30 QtzCore 20 43 0.004 1 5 0.04 5 6
MTF23 30 31 QtzCore 23 50 0.005 610 110 6.25 270 330
MTF23 31 32 Peg 550 1184 0.118 870 80 3.06 11 13
MTF23 32 33 Peg 690 1486 0.149 1300 130 1.89 40 49
MTF23 33 34 Peg 760 1636 0.164 1600 120 3.55 55 67
MTF23 34 35 Peg 182 392 0.039 1300 120 4.53 65 79
MTF23 35 36 Peg 338 728 0.073 1300 140 4.02 30 37
MTF23 36 37 Peg 8 17 0.002 180 13 5.35 60 73
MTF23 37 38 Peg 17 37 0.004 760 50 6.00 25 31
MTF23 38 39 Gab 29 62 0.006 220 5 2.20 5 6
MTF24 9 10 Peg 130 280 0.028 530 80 4.57 50 61
MTF24 10 11 Peg 101 217 0.022 470 45 5.07 70 85
MTF24 11 12 Peg 151 325 0.033 540 45 4.75 5 6
MTF24 12 13 Peg 39 84 0.008 480 45 6.18 400 488
MTF24 13 14 Peg 51 110 0.011 510 40 6.44 1100 1343

==> picture [71 x 42] intentionally omitted <==

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

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF24 14 15 Peg 174 375 0.037 900 90 2.89 55 67
MTF24 15 16 Peg 5 11 0.001 25 5 7.95 50 61
MTF24 16 17 QtzCore 38 82 0.008 5 18 0.51 5 6
MTF24 17 18 QtzCore 102 220 0.022 4 5 0.11 5 6
MTF24 18 19 QtzCore 83 179 0.018 8 16 0.06 14 17
MTF24 19 20 QtzCore 49 105 0.011 1 11 0.05 5 6
MTF24 20 21 QtzCore 28 60 0.006 4 5 0.06 5 6
MTF24 21 22 QtzCore 38 82 0.008 1 5 0.03 5 6
MTF24 22 23 QtzCore 33 71 0.007 1 5 0.03 11 13
MTF24 23 24 QtzCore 25 54 0.005 1 5 0.03 5 6
MTF24 24 25 QtzCore 23 50 0.005 4 5 0.14 30 37
MTF24 25 26 Peg 4 9 0.001 110 11 8.04 680 830
MTF24 26 27 Peg 4 9 0.001 280 60 8.00 660 806
MTF24 27 28 Peg 4 9 0.001 25 5 7.54 45 55
MTF24 28 29 Peg 4 9 0.001 80 17 6.17 25 31
MTF24 29 30 Peg 17 37 0.004 550 25 7.45 140 171
MTF24 30 31 Peg 38 82 0.008 1300 95 2.46 11 13
MTF24 31 32 Peg 213 459 0.046 1800 150 3.70 30 37
MTF24 32 33 Peg 680 1464 0.146 2400 180 2.34 30 37
MTF24 33 34 Peg 463 997 0.100 1500 110 2.62 90 110
MTF24 34 35 Peg 74 159 0.016 580 50 4.52 65 79
MTF24 35 36 Peg 4 9 0.001 13 5 8.61 80 98
MTF24 36 37 Peg 1 2 0.000 19 5 8.52 65 79
MTF24 37 38 Peg 1 2 0.000 12 5 8.40 60 73
MTF24 38 39 Peg 4 9 0.001 6 5 7.08 130 159
MTF24 39 40 Peg/Gab 20 43 0.004 180 5 4.94 25 31
MTF25 21 22 Peg 85 183 0.018 450 50 3.19 5 6
MTF25 22 23 Peg 91 196 0.020 490 35 3.94 20 24
MTF25 23 24 Peg 145 312 0.031 540 35 3.36 50 61
MTF25 24 25 Peg 236 508 0.051 720 50 2.40 70 85
MTF25 25 26 Peg 134 289 0.029 980 80 6.16 65 79
MTF25 26 27 Peg 108 233 0.023 830 70 5.70 55 67
MTF25 27 28 Peg 376 810 0.081 1100 100 4.03 50 61
MTF25 28 29 Peg 52 112 0.011 330 35 5.69 5 6
MTF25 29 30 QtzCore 57 123 0.012 1 15 0.29 5 6
MTF25 30 31 QtzCore 39 84 0.008 1 5 0.06 5 6
MTF25 31 32 QtzCore 32 69 0.007 1 5 0.04 5 6
MTF25 32 33 Peg 15 32 0.003 150 18 5.57 600 733
MTF25 33 34 Peg 299 644 0.064 880 75 6.13 180 220
MTF25 34 35 Peg 1020 2196 0.220 2500 210 4.56 50 61
MTF25 35 36 Peg 760 1636 0.164 1600 120 1.20 30 37
MTF25 36 37 Peg 314 676 0.068 700 85 1.98 30 37
MTF25 37 38 Peg 260 560 0.056 610 75 3.24 60 73
MTF25 38 39 Peg 1030 2218 0.222 2400 220 2.17 35 43
MTF25 39 40 Peg 650 1399 0.140 1600 190 4.32 75 92
MTF25 40 41 Peg 449 967 0.097 1200 130 3.83 50 61
MTF25 41 42 Peg 363 782 0.078 830 110 4.22 40 49
MTF25 42 43 Peg 64 138 0.014 620 130 3.85 35 43
MTF25 43 44 Peg 5 11 0.001 25 10 6.35 45 55
MTF25 44 45 Peg 4 9 0.001 30 12 8.47 35 43
MTF25 45 46 Peg 4 9 0.001 19 5 6.67 240 293
MTF25 46 47 Gab 9 19 0.002 65 5 2.77 5 6
MTF26 0 1 VQZ 142 306 0.031 230 35 1.30 15 18
MTF26 1 2 VQZ 139 299 0.030 260 35 1.04 60 73
MTF26 2 3 VQZ 70 151 0.015 35 25 0.13 50 61
MTF26 3 4 VQZ 103 222 0.022 5 19 0.01 5 6
MTF26 4 5 VQZ 147 316 0.032 6 18 0.01 5 6
MTF26 5 6 VQZ 124 267 0.027 3 5 0.00 15 18
MTF26 6 7 VQZ 72 155 0.016 5 10 0.00 17 21
MTF26 7 8 VQZ 21 45 0.005 3 5 0.00 16 20
MTF26 8 9 VQZ 63 136 0.014 1 15 0.10 5 6
MTF26 9 10 VQZ 24 52 0.005 75 20 1.79 9300 11355
MTF26 10 11 Peg 59 127 0.013 870 130 5.65 630 769
MTF26 11 12 Peg 44 95 0.009 670 60 6.63 470 574
MTF26 12 13 Peg 44 95 0.009 1100 220 6.77 580 708
MTF26 13 14 Peg 21 45 0.005 250 45 3.12 860 1050
MTF26 14 15 QtzCore 20 43 0.004 11 16 0.14 470 574
MTF26 15 16 QtzCore 27 58 0.006 120 14 1.23 1500 1832
MTF26 16 17 QtzCore 214 461 0.046 550 55 5.02 210 256
MTF26 17 18 Peg 41 88 0.009 390 30 3.87 12 15
MTF26 18 19 Peg 27 58 0.006 360 25 4.51 5 6
MTF26 19 20 Peg 11 24 0.002 110 19 6.34 25 31
MTF26 20 21 Peg 78 168 0.017 450 30 6.88 130 159
MTF26 21 22 Peg 9 19 0.002 240 45 7.58 180 220
MTF26 22 23 Peg 486 1046 0.105 1400 120 4.73 60 73
**ALDORO RESOURCES LIMITED ABN 31 622 990 809 +61 8 6559 1792**

==> picture [71 x 42] intentionally omitted <==

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF26 23 24 Peg 44 95 0.009 1300 80 5.64 40 49
MTF26 24 25 Peg 14 30 0.003 210 16 7.00 40 49
MTF26 25 26 Peg 12 26 0.003 170 12 6.63 40 49
MTF26 26 27 Peg 5 11 0.001 18 17 8.43 40 49
MTF26 27 28 Gab 30 65 0.006 90 5 3.08 5 6
MTF27 0 1 VQZ 54 116 0.012 150 18 1.31 20 24
MTF27 1 2 VQZ 32 69 0.007 170 16 3.83 10 12
MTF27 2 3 VQZ 27 58 0.006 170 12 5.13 5 6
MTF27 3 4 VQZ 14 30 0.003 50 16 4.55 5 6
MTF27 4 5 VQZ 16 34 0.003 55 12 2.99 5 6
MTF27 5 6 VQZ 30 65 0.006 6 5 0.10 5 6
MTF27 6 7 VQZ 54 116 0.012 12 19 0.15 5 6
MTF27 7 8 VQZ 40 86 0.009 10 19 0.02 5 6
MTF27 8 9 VQZ 28 60 0.006 460 25 0.07 5 6
MTF27 9 10 Peg 316 680 0.068 940 70 2.41 35 43
MTF27 10 11 Peg 570 1227 0.123 1600 120 2.35 40 49
MTF27 11 12 Peg 196 422 0.042 1300 85 2.16 19 23
MTF27 12 13 Peg 471 1014 0.101 1100 55 4.03 35 43
MTF27 13 14 Peg 115 248 0.025 1200 75 5.60 75 92
MTF27 14 15 Peg 1560 3359 0.336 3700 200 1.61 60 73
MTF27 15 16 Peg 375 807 0.081 1700 120 4.75 60 73
MTF27 16 17 Peg 55 118 0.012 1300 70 5.19 35 43
MTF27 17 18 Peg 830 1787 0.179 1900 140 4.68 30 37
MTF27 18 19 Peg 710 1529 0.153 1800 140 4.79 35 43
MTF27 19 20 Peg 321 691 0.069 1600 140 5.18 45 55
MTF27 20 21 Peg 520 1120 0.112 1100 120 5.59 50 61
MTF27 21 22 Peg 130 280 0.028 1100 100 5.90 110 134
MTF27 22 23 Peg 116 250 0.025 1600 100 4.67 55 67
MTF27 23 24 Peg 18 39 0.004 390 6 7.04 35 43
MTF27 24 25 Peg 16 34 0.003 190 25 7.05 120 147
MTF27 25 26 Peg 15 32 0.003 95 5 8.85 60 73
MTF27 26 27 Peg 14 30 0.003 25 5 8.89 25 31
MTF27 27 28 Peg 18 39 0.004 250 5 6.99 35 43
MTF28 3 4 Peg 319 687 0.069 410 60 4.90 10 12
MTF28 4 5 Peg 500 1077 0.108 530 55 4.21 30 37
MTF28 5 6 Peg 1100 2368 0.237 1600 130 3.93 25 31
MTF28 6 7 Peg 1740 3746 0.375 2200 190 4.56 50 61
MTF28 7 8 Peg 1650 3552 0.355 1900 170 4.98 5 6
MTF28 8 9 Peg 300 646 0.065 410 55 3.68 25 31
MTF28 9 10 QtzCore 85 183 0.018 55 25 0.99 5 6
MTF28 10 11 QtzCore 73 157 0.016 8 25 0.60 5 6
MTF28 11 12 QtzCore 64 138 0.014 6 20 0.04 5 6
MTF28 12 13 QtzCore 66 142 0.014 3 20 0.05 5 6
MTF28 13 14 QtzCore 77 166 0.017 9 19 0.06 20 24
MTF28 14 15 QtzCore 48 103 0.010 90 16 0.05 5 6
MTF28 15 16 QtzCore 68 146 0.015 30 5 0.90 5 6
MTF28 16 17 QtzCore 61 131 0.013 210 30 0.75 16 20
MTF28 17 18 QtzCore 93 200 0.020 620 35 1.05 120 147
MTF28 18 19 QtzCore 101 217 0.022 560 30 5.68 11 13
MTF28 19 20 Peg 540 1163 0.116 790 60 6.84 5 6
MTF28 20 21 Peg 2410 5189 0.519 2700 280 3.17 45 55
MTF28 21 22 Peg 1740 3746 0.375 1900 210 1.58 35 43
MTF28 22 23 Peg 1860 4005 0.400 2100 180 1.35 14 17
MTF28 23 24 Peg 1600 3445 0.344 2000 150 3.22 60 73
MTF28 24 25 Peg 201 433 0.043 1900 110 4.91 40 49
MTF28 25 26 Peg 336 723 0.072 1600 100 5.87 35 43
MTF28 26 27 Peg 500 1077 0.108 1300 85 5.37 40 49
MTF28 27 28 Peg 203 437 0.044 640 45 5.98 55 67
MTF28 28 29 Peg 115 248 0.025 530 40 6.07 55 67
MTF28 29 30 Peg 33 71 0.007 2 10 5.22 25 31
MTF28 30 31 Peg 18 39 0.004 120 5 6.36 40 49
MTF28 31 32 Trans 75 161 0.016 33 5 6.25 55 67
MTF29 18 19 Gab/VQZ 35 75 0.008 1800 85 2.81 16 20
MTF29 19 20 Peg 15 32 0.003 1100 60 4.62 70 85
MTF29 20 21 Peg 14 30 0.003 180 5 6.79 70 85
MTF29 21 22 Peg 115 248 0.025 970 70 4.93 55 67
MTF29 22 23 Peg 495 1066 0.107 1400 140 5.14 40 49
MTF29 23 24 Peg 61 131 0.013 610 50 4.72 65 79
MTF29 24 25 Peg 22 47 0.005 520 55 7.58 45 55
MTF29 25 26 Peg 411 885 0.088 1300 110 4.71 25 31
MTF29 26 27 Peg 710 1529 0.153 1100 80 2.44 5 6
MTF29 27 28 Peg 1370 2950 0.295 2000 140 2.46 50 61
MTF29 28 29 Peg 790 1701 0.170 1100 130 4.24 45 55
MTF29 29 30 Peg 930 2002 0.200 1400 140 4.59 80 98
MTF29 30 31 Peg 496 1068 0.107 740 100 4.12 19 23

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

==> picture [71 x 42] intentionally omitted <==

SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF29 31 32 Peg 650 1399 0.140 1300 130 4.57 80 98
MTF29 32 33 Peg 710 1529 0.153 1200 90 4.51 40 49
MTF29 33 34 Peg 216 465 0.047 570 50 6.50 50 61
MTF29 34 35 QtzCore 101 217 0.022 670 50 5.69 75 92
MTF29 35 36 QtzCore 920 1981 0.198 5800 970 2.61 550 672
MTF29 36 37 QtzCore 190 409 0.041 5100 520 3.38 660 806
MTF29 37 38 Peg 19 41 0.004 1600 120 5.68 360 440
MTF29 38 39 Peg 5 11 0.001 90 5 6.20 95 116
MTF29 39 40 Peg/Gab 4 9 0.001 100 5 6.71 170 208
MTF30 0 1 Col 41 88 0.009 380 20 3.02 40 49
MTF30 1 2 Col 14 30 0.003 45 5 4.80 16 20
MTF30 2 3 Peg 36 78 0.008 180 5 3.64 5 6
MTF30 3 4 Peg 22 47 0.005 230 11 3.25 110 134
MTF30 4 5 Peg 12 26 0.003 150 5 4.14 16 20
MTF30 5 6 Peg 26 56 0.006 280 20 3.43 17 21
MTF30 6 7 Peg 25 54 0.005 350 5 3.23 15 18
MTF30 7 8 QtzCore 21 45 0.005 30 5 0.38 5 6
MTF30 8 9 QtzCore 18 39 0.004 1 5 0.04 5 6
MTF30 9 10 QtzCore 19 41 0.004 1 5 0.04 5 6
MTF30 10 11 QtzCore 19 41 0.004 1 5 0.05 5 6
MTF30 11 12 QtzCore 18 39 0.004 110 5 1.84 14 17
MTF30 12 13 QtzCore 148 319 0.032 750 150 5.07 190 232
MTF30 13 14 QtzCore 36 78 0.008 330 25 6.91 370 452
MTF30 14 15 QtzCore 45 97 0.010 880 55 4.56 50 61
MTF30 15 16 Peg 19 41 0.004 980 70 4.97 30 37
MTF30 16 17 Peg 26 56 0.006 690 75 2.70 20 24
MTF30 17 18 Peg 20 43 0.004 720 45 4.23 25 31
MTF30 18 19 Peg 26 56 0.006 1200 95 3.42 35 43
MTF30 19 20 Peg 19 41 0.004 1100 85 4.24 20 24
MTF30 20 21 Peg 5 11 0.001 25 5 6.08 70 85
MTF30 21 22 Peg 1 2 0.000 65 5 8.10 40 49
MTF30 22 23 Peg 1 2 0.000 120 5 8.23 30 37
MTF30 23 24 Peg 4 9 0.001 130 5 5.50 50 61
MTF30 24 25 Peg 23 50 0.005 710 40 4.55 160 195
MTF30 25 26 Peg/Gab 19 41 0.004 95 5 3.00 5 6
MTF31 16 17 Gab/Peg 82 177 0.018 760 30 5 6
MTF31 17 18 Peg 59 127 0.013 1300 110 80 98
MTF31 18 19 Peg 51 110 0.011 1100 65 20 24
MTF31 19 20 Peg 92 198 0.020 460 35 5 6
MTF31 20 21 Peg 550 1184 0.118 1100 70 30 37
MTF31 21 22 Peg 920 1981 0.198 1400 120 150 183
MTF31 22 23 Peg 890 1916 0.192 1400 100 50 61
MTF31 23 24 Peg 790 1701 0.170 1200 85 45 55
MTF31 24 25 Peg 810 1744 0.174 1200 100 35 43
MTF31 25 26 Peg 540 1163 0.116 820 60 25 31
MTF31 26 27 Peg 279 601 0.060 520 55 40 49
MTF31 27 28 Peg 143 308 0.031 600 60 25 31
MTF31 28 29 Peg 17 37 0.004 100 5 60 73
MTF31 29 30 Peg 5 11 0.001 9 5 25 31
MTF31 30 31 Peg 9 19 0.002 30 5 90 110
MTF31 31 32 Peg 4 9 0.001 25 5 5 6
MTF31 32 33 Peg 5 11 0.001 16 5 25 31
MTF31 33 34 Peg 7 15 0.002 5 5 70 85
MTF31 34 35 Peg 17 37 0.004 30 5 80 98
MTF31 35 36 Peg 4 9 0.001 10 5 40 49
MTF31 36 37 Trans 13 28 0.003 200 5 5 6
MTF32 27 28 Gab/Peg 77 166 0.017 280 40 5 6
MTF32 28 29 Peg 269 579 0.058 440 50 30 37
MTF32 29 30 Peg 520 1120 0.112 1300 120 1100 1343
MTF32 30 31 Peg 482 1038 0.104 990 120 55 67
MTF32 31 32 Peg 560 1206 0.121 910 90 25 31
MTF32 32 33 Peg 320 689 0.069 1100 100 60 73
MTF32 33 34 Peg 260 560 0.056 710 55 20 24
MTF32 34 35 Peg 190 409 0.041 80 30 37
MTF32 35 36 Peg 85 183 0.018 630 55 65 79
MTF32 36 37 Peg 50 108 0.011 310 25 25 31
MTF32 37 38 Peg 7 15 0.002 30 5 15 18
MTF32 38 39 Peg 5 11 0.001 9 5 35 43
MTF32 39 40 Peg 9 19 0.002 10 5 5 6
MTF32 40 41 Peg 12 26 0.003 55 5 11 13
MTF33 0 1 Peg 800 1722 0.172 1200 75 5 6
MTF33 1 2 Peg 282 607 0.061 410 40 5 6
MTF33 2 3 QtzCore 79 170 0.017 11 12 13 16
MTF33 3 4 QtzCore 99 213 0.021 65 45 5 6
MTF33 4 5 QtzCore 710 1529 0.153 2700 360 480 586
**ALDORO RESOURCES LIMITED ABN 31 622 990 809 +61 8 6559 1792**

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SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF33 5 6 QtzCore 5900 12703 1.270 10000 1900 230 281
MTF33 6 7 QtzCore 271 583 0.058 750 45 550 672
MTF33 7 8 QtzCore 880 1895 0.189 1700 140 45 55
MTF33 8 9 Peg 540 1163 0.116 920 90 35 43
MTF33 9 10 Peg 1050 2261 0.226 2000 140 5 6
MTF33 10 11 Peg 920 1981 0.198 2600 150 5 6
MTF33 11 12 Peg 450 969 0.097 1100 80 30 37
MTF33 12 13 Peg 570 1227 0.123 1500 140 45 55
MTF33 13 14 Gab 151 325 0.033 340 40 5 6
MTF34 2 3 Gab 119 256 0.026 190 14 5 6
MTF34 3 4 Peg 1120 2411 0.241 2000 100 100 122
MTF34 4 5 Peg 147 316 0.032 270 35 55 67
MTF34 5 6 QtzCore 219 472 0.047 980 60 50 61
MTF34 6 7 QtzCore 960 2067 0.207 1200 150 65 79
MTF34 7 8 Peg 1160 2497 0.250 1600 130 20 24
MTF34 8 9 Peg 1190 2562 0.256 1200 160 70 85
MTF34 9 10 Peg 1510 3251 0.325 1700 380 95 116
MTF34 10 11 Peg 810 1744 0.174 860 150 40 49
MTF34 11 12 Gab 111 239 0.024 80 14 20 24
MTF35 2 3 VQZ 68 146 0.015 9 25 10 12
MTF35 3 4 VQZ 53 114 0.011 270 45 5 6
MTF35 4 5 VQZ 45 97 0.010 360 55 80 98
MTF35 5 6 VQZ 40 86 0.009 290 35 120 147
MTF35 6 7 VQZ 37 80 0.008 360 45 220 269
MTF35 7 8 VQZ 19 41 0.004 190 16 1000 1221
MTF35 8 9 Peg 9 19 0.002 210 18 790 965
MTF35 9 10 Peg 15 32 0.003 230 15 280 342
MTF35 10 11 Peg 39 84 0.008 520 20 320 391
MTF35 11 12 QtzCore 18 39 0.004 110 14 420 513
MTF35 12 13 QtzCore 14 30 0.003 80 5 940 1148
MTF35 13 14 QtzCore 12 26 0.003 25 5 450 549
MTF35 14 15 QtzCore 7 15 0.002 25 10 660 806
MTF35 15 16 QtzCore 15 32 0.003 380 20 130 159
MTF35 16 17 Peg 94 202 0.020 1200 70 35 43
MTF35 17 18 Peg 22 47 0.005 260 15 55 67
MTF35 18 19 Peg 57 123 0.012 370 45 40 49
MTF36 0 1 VQZ 45 97 0.010 40 5 20 24
MTF36 1 2 VQZ 68 146 0.015 8 5 19 23
MTF36 2 3 VQZ 86 185 0.019 15 5 5 6
MTF36 3 4 VQZ 120 258 0.026 5 5 6
MTF36 4 5 VQZ 110 237 0.024 1 5 5 6
MTF36 5 6 VQZ 85 183 0.018 4 5 5 6
MTF36 6 7 VQZ 126 271 0.027 9 5 25 31
MTF36 7 8 VQZ 70 151 0.015 5 15 18
MTF36 8 9 VQZ 54 116 0.012 65 14 210 256
MTF36 9 10 VQZ 58 125 0.012 750 65 310 379
MTF36 10 11 Peg 60 129 0.013 640 60 340 415
MTF36 11 12 Peg 51 110 0.011 570 40 250 305
MTF36 12 13 Peg 39 84 0.008 550 35 360 440
MTF36 13 14 Peg 31 67 0.007 470 25 460 562
MTF36 14 15 Peg 23 50 0.005 140 11 130 159
MTF36 15 16 Peg 28 60 0.006 310 55 16000 19536
MTF36 16 17 Peg 60 129 0.013 1000 110 5600 6838
MTF36 17 18 Peg 53 114 0.011 410 25 260 317
MTF36 18 19 Peg 338 728 0.073 870 70 80 98
MTF36 19 20 Peg 24 52 0.005 170 5 5 6
MTF36 20 21 Peg 11 24 0.002 40 5 5 6
MTF36 21 22 Peg 8 17 0.002 80 5 160 195
MTF36 22 23 Peg 56 121 0.012 930 40 45 55
MTF36 23 24 Peg 10 22 0.002 130 5 840 1026
MTF36 24 25 Peg 18 39 0.004 250 5 670 818
MTF36 25 26 Peg 13 28 0.003 310 13 120 147
MTF36 26 27 Peg 7 15 0.002 50 5 55 67
MTF36 27 28 Peg/Trans 50 108 0.011 50 5 16 20
MTF36 28 29 Trans 34 73 0.007 430 5 45 55
MTF36 29 30 Trans 14 30 0.003 130 5 80 98
MTF37 0 1 QtzCore 60 129 0.013 150 5 25 31
MTF37 1 2 QtzCore 44 95 0.009 120 5 75 92
MTF37 2 3 QtzCore 17 37 0.004 160 5 210 256
MTF37 3 4 QtzCore 41 88 0.009 370 30 250 305
MTF37 4 5 QtzCore 29 62 0.006 290 18 400 488
MTF37 5 6 QtzCore 19 41 0.004 180 12 350 427
MTF37 6 7 QtzCore 17 37 0.004 220 5 500 611
MTF37 7 8 QtzCore 53 114 0.011 910 150 330 403
MTF37 8 9 QtzCore 26 56 0.006 120 5 190 232
**ALDORO RESOURCES LIMITED ABN 31 622 990 809 +61 8 6559 1792**

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SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF37 9 10 QtzCore 22 47 0.005 350 45 1600 1954
MTF37 10 11 QtzCore 16 34 0.003 310 30 1300 1587
MTF37 11 12 QtzCore 11 24 0.002 130 18 2500 3053
MTF37 12 13 QtzCore 10 22 0.002 90 5 290 354
MTF37 13 14 QtzCore 368 792 0.079 860 75 60 73
MTF37 14 15 Peg 1340 2885 0.289 2000 190 110 134
MTF37 15 16 Peg 580 1249 0.125 1100 160 100 122
MTF37 16 17 Peg 319 687 0.069 1000 140 60 73
MTF37 17 18 Peg 34 73 0.007 380 40 12 15
MTF37 18 19 Gab 63 136 0.014 70 5 5 6
MTF38 0 1 QtzCore 64 138 0.014 35 20 5 6
MTF38 1 2 QtzCore 97 209 0.021 25 13 5 6
MTF38 2 3 QtzCore 111 239 0.024 16 16 14 17
MTF38 3 4 QtzCore 120 258 0.026 3 10 5 6
MTF38 4 5 QtzCore 89 192 0.019 3 14 15 18
MTF38 5 6 QtzCore 28 60 0.006 4 5 5 6
MTF38 6 7 QtzCore 56 121 0.012 1 5 5 6
MTF38 7 8 QtzCore 103 222 0.022 3 5 5 6
MTF38 8 9 QtzCore 41 88 0.009 8 5 5 6
MTF38 9 10 QtzCore 38 82 0.008 160 40 5 6
MTF38 10 11 QtzCore 32 69 0.007 240 35 35 43
MTF38 11 12 QtzCore 28 60 0.006 300 33 12 15
MTF38 12 13 Peg 24 52 0.005 310 3 280 342
MTF38 13 14 Peg 7 15 0.002 80 6100 7448
MTF38 14 15 Peg 13 28 0.003 130 14 16000 19536
MTF38 15 16 Peg 16 34 0.003 85 12 790 965
MTF38 16 17 Peg 11 24 0.002 5 2000 2442
MTF38 17 18 Peg 7 15 0.002 55 5 620 757
MTF38 18 19 Peg 455 980 0.098 920 70 75 92
MTF38 19 20 Peg 780 1679 0.168 1900 140 55 67
MTF38 20 21 Peg 58 125 0.012 650 40 45 55
MTF38 21 22 Peg 53 114 0.011 210 25 60 73
MTF38 22 23 Gab 31 67 0.007 130 5 5 6
MTF39 0 1 QtzCore 36 78 0.008 1100 20 14 17
MTF39 1 2 QtzCore 28 60 0.006 660 19 5 6
MTF39 2 3 QtzCore 26 56 0.006 55 5 20 24
MTF39 3 4 QtzCore 8 17 0.002 7 5 5 6
MTF39 4 5 QtzCore 5 11 0.001 1 5 5 6
MTF39 5 6 QtzCore 73 157 0.016 1 5 5 6
MTF39 6 7 QtzCore 71 153 0.015 1 5 5 6
MTF39 7 8 QtzCore 60 129 0.013 1 5 20 24
MTF39 8 9 QtzCore 46 99 0.010 290 55 19 23
MTF39 9 10 QtzCore 23 50 0.005 50 12 50 61
MTF39 10 11 QtzCore 27 58 0.006 18 5 110 134
MTF39 11 12 Peg 31 67 0.007 5 5 12 15
MTF39 12 13 Peg 27 58 0.006 130 5 110 134
MTF39 13 14 Peg 39 84 0.008 240 5 820 1001
MTF39 14 15 Peg 10 22 0.002 130 5 1200 1465
MTF39 15 16 Peg 13 28 0.003 140 5 3600 4396
MTF39 16 17 Peg 14 30 0.003 140 5 22000 26862
MTF39 17 18 Peg 13 28 0.003 130 5 18000 21978
MTF39 18 19 Peg 4 9 0.001 16 5 1600 1954
MTF39 19 20 Peg 4 9 0.001 15 5 840 1026
MTF39 20 21 Peg 49 105 0.011 1100 45 180 220
MTF39 21 22 Peg 481 1036 0.104 1600 80 45 55
MTF39 22 23 Peg 166 357 0.036 540 35 70 85
MTF39 23 24 Peg 79 170 0.017 450 25 50 61
MTF39 24 25 Peg 109 235 0.023 580 35 100 122
MTF39 25 26 Gab 30 65 0.006 80 5 25 31
MTF40 0 1 QtzCore 53 114 0.011 70 5 45 55
MTF40 1 2 QtzCore 56 121 0.012 18 5 5 6
MTF40 2 3 QtzCore 37 80 0.008 7 5 10 12
MTF40 3 4 QtzCore 37 80 0.008 13 5 5 6
MTF40 4 5 QtzCore 76 164 0.016 3 5 5 6
MTF40 5 6 QtzCore 45 97 0.010 1 5 10 12
MTF40 6 7 QtzCore 48 103 0.010 1 5 20 24
MTF40 7 8 QtzCore 26 56 0.006 1 5 13 16
MTF40 8 9 QtzCore 22 47 0.005 1 5 35 43
MTF40 9 10 QtzCore 41 88 0.009 3 5 15 18
MTF40 10 11 QtzCore 29 62 0.006 320 10 40 49
MTF40 11 12 QtzCore 28 60 0.006 85 5 14 17
MTF40 12 13 QtzCore 32 69 0.007 55 15 16 20
MTF40 13 14 QtzCore 96 207 0.021 1100 50 80 98
MTF40 14 15 QtzCore 99 213 0.021 810 45 5 6
MTF40 15 16 Peg 42 90 0.009 260 16 20 24

ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792

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SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005

http://www.aldororesources.com

==> picture [104 x 60] intentionally omitted <==

Hole From To Lithology Li_ppm Li2O_ppm LI2O_% Rb_ppm Cs_ppm Na_% K_% Ta_ppm Ta2O5_ppm Sn_ppm Nb_ppm
MTF40 16 17 Peg 107 230 0.023 820 25 15 18
MTF40 17 18 Peg 128 276 0.028 550 30 55 67
MTF40 18 19 Peg 111 239 0.024 790 40 45 55
MTF40 19 20 Peg 15 32 0.003 220 5 50 61
MTF40 20 21 Peg 7 15 0.002 45 5 65 79
MTF40 21 22 Peg 13 28 0.003 65 5 60 73
MTF40 22 23 Peg 15 32 0.003 260 5 50 61
MTF40 23 24 Peg 9 19 0.002 85 5 60 73
MTF40 24 25 Peg 10 22 0.002 130 5 30 37

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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
Sampling Nature and quality of sampling (eg cut channels, random chips, or •No details provided from Pancontinental’ s report other than samples
techniques specific specialised industry standard measurement tools appropriate were collected at 1m intervals
to the minerals under investigation, such as down hole gamma •It is unknown how representative these samples are, given they are
sondes, or handheld XRF instruments, etc). These examples should historical in nature with limited data provided. Pancontinental reported
not be taken as limiting the broad meaning of sampling. taking 3kg splits from the RC drill chips
Include reference to measures taken to ensure sample representivity •The mineralisation of the Pegmatite at Niobe is based on the
and the appropriate calibration of any measurement tools or systems analytical results by successive explorers including Tantalum
used. Australia who conducted extensive drilling to define a tantalum
Aspects of the determination of mineralisation that are Material to the resource (not the target commodity of the Exploration Target).
Public Report. Petrology did identify zinnwaldite micas as the main source of Li and
In cases where ‘industry standard’ work has been done this would be presumably Rb and Cs.
relatively simple (eg ‘reverse circulation drilling was used to obtain 1 •Pancontinental conducted RC drilling collecting 1m interval samples,
m samples from which 3 kg was pulverised to produce a 30 g charge one cannot comment on sampling procedures as none were
for fire assay’). In other cases more explanation may be required, documented. Judging by the lack of documentation no consideration
such as where there is coarse gold that has inherent sampling was taken into account of the coarseness of the pegmatite. The main
problems. Unusual commodities or mineralisation types (eg lithium mineral was zinnwaldite, in micaceous cluster form, which may
submarine nodules) may warrant disclosure of detailed information. have influence on sampling methodology if not considered.
Drilling Drill type (eg core, reverse circulation, open-hole hammer, rotary air •Reverse Circulation using a Scham universal rig and a NQ face
techniques blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple sampling hammer and NQ 4” rods. The holes were angle by compass
or standard tube, depth of diamond tails, face-sampling bit or other and clinometer (rig). No down hole orientation tools were reported
type, whether core is oriented and if so, by what method, etc). probably due to shallow nature of the drilling.
Drill sample Method of recording and assessing core and chip sample recoveries •No reporting of drill chip recoveries was mentioned on the logs
recovery and results assessed. •It is unknown what measures were taken to maximise sample
Measures taken to maximise sample recovery and ensure recovery.
representative nature of the samples. •It is unknown any relationship between recovery and grade, as
Whether a relationship exists between sample recovery and grade recovery was not reported.
_and whether sample bias may have occurred due to preferential _

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Criteria JORC Code explanation Commentary
loss/gainof fine/coarse material.
Logging Whether core and chip samples have been geologically and •The detailed logs provide fair geological descriptions but no
geotechnically logged to a level of detail to support appropriate geotechnical information and would not support Mineral Resource
Mineral Resource estimation, mining studies and metallurgical estimation, mining studies or metallurgical studies.
studies. •The logging is qualitative but no quantative
Whether logging is qualitative or quantitative in nature. Core (or •The RC chips have been logged on a lithological rather than a
costean, channel, etc) photography. metreage basis. No volume comparisons were made between sample
The total length and percentage of the relevant intersections logged. intervals.
Sub-sampling
If core, whether cut or sawn and whether quarter, half or all core
•It is not known what method the RC chips were subsampled other
techniques taken. than they were split, collecting a 3kg split per metre.
and sample If non-core, whether riffled, tube sampled, rotary split, etc and •They did not mention how the sample was spilt then this methodology
preparation whether sampled wet or dry. is not a representative sub sampling technique
For all sample types, the nature, quality and appropriateness of the •Sample control duplicates were taken in all mineralised zones with 84
sample preparation technique. samples collected at 3-5m intervals. These were analysed, also at
Quality control procedures adopted for all sub-sampling stages to SGS separately, and results compared their counterparts, four were
maximise representivity of samples. found outside acceptable limits. Investigation found one due to
Measures taken to ensure that the sampling is representative of the in
interval error and the other 3 were due to grind issues with coarse
situ material collected, including for instance results for field micas in the charge residue.
duplicate/second-half sampling. •It is not known whether grain size was a consideration in the sub-
Whether sample sizes are appropriate to the grain size of the material
sampling technique.
_being sampled. _
Quality of The nature, quality and appropriateness of the assaying and
The samples were analysed at SGS with the same preparation
assay data
and
laboratory
tests
laboratory procedures used and whether the technique is considered
partial or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.
Nature of quality control procedures adopted (eg standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels
of accuracy (ie lack of bias) and precision have been established.


(dry pulverised to -80mesh, split pulverised to -200mesh in Cr
steel mill) but 3 different analytical methods
1. XRF-1 (Nb, Rb) pressed powder XRF method
2. XRF-1 (Ta, Sn, Cs, K) low dilution fusion
3. D3(a) (Li, Na) mixed acid total digest with AAS finish
By today’s standards these techniques are not ideal and have
low sensitivity given the refractory nature of some elements with
sodium peroxide fusion and ICP-MS being the recommended
method.

No geophysical tools used

It is unknown what controlprocedures were adopted

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Criteria JORC Code explanation Commentary
Verification of
The verification of significant intersections by either independent or
•No verification techniques were reported.
sampling and alternative company personnel. •No twinned holes were drilled
assaying The use of twinned holes. •Full documentation procedures were reported, presumably dur to the
Documentation of primary data, data entry procedures, data age of the historical drilling the data collection would have been
verification, data storage (physical and electronic) protocols. manually, including the laboratory except for the final analytical data
Discuss any adjustment to assay data. •Assay data was presented as raw lab data with not assay
adjustments.
Location of Accuracy and quality of surveys used to locate drill holes (collar and •The hole collars were established on a surveyed grid system with no
data points down-hole surveys), trenches, mine workings and other locations GPS data given. The local grid was converted to eastings and
used in Mineral Resource estimation. northings by georeferencing maps with key landmark identifiers then
Specification of the grid system used. comparing to located satellite images, giving confidence to location
Quality and adequacy of topographic control. data
•The converted data used GDA94 zone 50 datum
•The topographic control was limited to STRM data, with the relative
topographic error minimized due to the generally flat topography and
close collar spacing
Data spacing Data spacing for reporting of Exploration Results. •The drill hole spacing was generally 10m (E-W) and 15m (N-S) with
and Whether the data spacing and distribution is sufficient to establish the angle holes drilled in along N-S lines with offline vertical holes.
distribution degree of geological and grade continuity appropriate for the Mineral •The 31 holes are confined to an area approximately 80m (E-W) by
Resource and Ore Reserve estimation procedure(s) and 65m (N-S) and therefore considered constricted enough for
classifications applied. Exploration Target status
Whether sample compositing has been applied. •Sample compositing has not been applied with results on a 1m down
hole interval basis.
Orientation of Whether the orientation of sampling achieves unbiased sampling of •The holes were generally drilled to an azimuth of 170-180 degrees at
data in possible structures and the extent to which this is known, considering dips of -70 degrees. The Niobe pegmatite sheet strikes to the NE and
relation to the deposit type. dips 30-40 degrees to the northwest. The holes are therefore off
geological If the relationship between the drilling orientation and the orientation perpendicular with true width thickness not the same as down hole
structure of key mineralised structures is considered to have introduced a thickness. True width varies from 25 to 35m, with flaring noted at
sampling bias, this should be assessed and reported if material. surface.
•The mineralisation is in the style of a LCT pegmatite, zoned with a
quartz richcore andmineralisation foundintheintermediate and

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Criteria JORC Code explanation Commentary
walled zones but not consistent across these zones. The drilling cuts
across either part of the zone or across all zones depending upon if
the holes start in the pegmatite or not but do start and/or finish in the
host gabbro. The orientation of the angle holes while not
perpendicular to the strike does add some sampling bias, it is not
considered substantial for an Exploration Target status when ranges
are given but no resource defined.
Sample The measures taken to ensure sample security. •It is unknown what sample measures were taken to ensure sample
security security
Audits or The results of any audits or reviews of sampling techniques and data.
•No audits or reviews were reported on the the sampling technique or
reviews data generated.

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 •The Niobe Project consists of a single prospecting licence P59/2137
tenement and
agreements or material issues with third parties such as joint
held by Meridian 120 Mining Ltd located 70km of Mout Magnet that
land tenure ventures, partnerships, overriding royalties, native title interests, Aldoro Resources entered a binding agreement sale agreement.
status historical sites, wilderness or national park and environmental •The prospecting licence is granted and expires on the 25/3/2022
settings. unless an extension is applied. There are no impediments to
The security of the tenure held at the time of reporting along with any accessing the licence to conduct exploration other than standard
known impediments to obtaining a licence to operate in the area. approval for ground disturbing techniques of Programme of Works
(POWs).
Exploration Acknowledgment and appraisal of exploration by other parties.
Historical exploration was initially for beryl by prospectors then
done by other primarily for tantalum with the development of the Niobe resource.
parties There has been no systematic exploration for Rubidium, lithium or
Caesium despite the presence of LCT type pegmatites. e
o
Late 1950’s to 1984. Exploration was conducted by
prospectorswholocated themain mineralisedzones of

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Criteria JORC Code explanation Commentary
the pegmatites and quarried these for beryl and included
limited exploitation of eluvial tantalite and cassiterite.
o 1984 to 1999. Systematic exploration by Pancontinental
Mining Ltd included geological mapping, rock chip
sampling, drilling (RC, RAB, Diamond), costeaning,
petrography, metallurgy, resource definition, trial mining
and rehabilitation. Their focus was tantalum but included
some lithium analysis. Geochemical analysis from 40
holes predominantly into the main Niobe pegmatite
dilation but also into the northeast Niobe lobe were
analysed for Li and included Cs, Ta, Rb, Nb, Sn, Na, and
K. A total of 13 surface rock samples and 38
semicontinuous costean samples were also analysed
with the same suite of elements. A total of 15 RC chip
samples were petrographically described, 4 of which
contained zinnwaldite.
o 1999-2003Australian Gold Mines NL and Kemet
Corporation formed Tantalum Australia and undertook
assessment of the Dalgaranga and Warda Warra
pegmatite fields with the view to exploit the tantalum
mineralisation. Work included new geological mapping,
conducted further drilling and resource investigation.
They processed stockpile and tailings through the
Dalgaranga tantalum plant.
o 2007-2017Diversity Resources Pty Ltd acquired the
ground and operator Meridian 120 Mining Pty Ltd
conducted a detailed review, undertaking new geological
mapping, orientation soil sampling and compilation of a
digital database.
o 2018-Present. Meridian acquired the project and
undertook further geological mapping, rock chip sampling
and consolidation of the projects database. A total of 6
rock chip samples and 2 drill chip resamples were
collected and analysedfor Li, Cs,Nb,Rb, SnandTa.

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Criteria JORC Code explanation Commentary Commentary
Geology Deposit type, geological setting and style of mineralisation. The Niobe project lies in the east-north-easterly trending
Archaean Dalgaranga Greenstone Belt, a synclinal belt some
50km
long
and
20km
wide
consisting
dominantly
of
metasediments, felsic volcanics and lesser basalts within the
Murchison Terrane. Seven known intrusive thick gabbroic sills
display differentiation with defined layering from ultramafic bases
grading into mafic rocks. The NE-NNE trending synclinal axis has
been interpreted to lie to the NW of the project area. Pegmatite
swarms are found in the northerly part of the belt as late-stage
fluidisation events from the local granitoids, which lie to the north,
and are hosted in metagabbro and pelitic schists. The swarm
generally trends in a north-easterly orientated parallel to the Big
Bell Shear Zone. Tantalum, beryllium, tin, tungsten, lithium and
molybdenum mineralisation are found associated with the
pegmatites. Niobe Project pegmatites fit the style of mineralisation
associated with Lithium-Caesium-Tantalum (LCT) pegmatites as
they are hosted in a greenstone belt, fractionated with
enrichments in enriched Li, Cs, Ta, Rb, Be and Nb and exhibit
zoning as wall rock, intermediate and core zones are defined. The
lithium minerals reported are zinnwaldite, lepidolite, elbaite and
possibly spodumene supporting a level of zonation and
fractionation while other minerals reported are cassiterite (Sn),
tantalite-columbite (Ta),microlite (pyrochloreNb), beryl(Be)
Drill hole A summary of all information material to the understanding of the •See the tables attached after this section which provide collar,
Information exploration results including a tabulation of the following information geology and assay information.
for all Material drill holes: •No relevant information has been excluded. All seven profiles have
o easting and northing of the drill hole collar been provided as examples of the down hole mineralisation.
o elevation or RL (Reduced Level – elevation above sea level in
metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
Ifthe exclusion of this information is justified on the basis that the

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Criteria JORC Code explanation Commentary
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, •No data aggregation methods have been adopted, however for the
aggregation maximum and/or minimum grade truncations (eg cutting of high purposes of obtain Exploration Target tonnage and grade ranges, cut
methods grades) and cut-off grades are usually Material and should be stated. off grade have been used for the lower tonnage – higher grade
Where aggregate intercepts incorporate short lengths of high grade figures. Rb cut off grade was 200ppm. The high tonnage figure and
results and longer lengths of low grade results, the procedure used lower grade was obtained juts using the pegmatite intersections as
for such aggregation should be stated and some typical examples of the mineralized interval.
such aggregations should be shown in detail. •To obtain the tonnages and grade ranges MapInfo Discover resource
The assumptions used for any reporting of metal equivalent values calculation programme was used. Key parameters were 1m cell size
should be clearly stated. (as the assays were on a 1m basis), the ellipse parameters were 10m
radius based on the E-W spacing of 10m with N-S slices used as
control. A pegmatite density of 2.6 was used based on the weathered
pegmatite in the pit being 2.5 and assuming the pegmatite below will
be fresher and less pore space. Also 2.6 is the standard pegmatite
value in rock density tables.
•No metal equivalents were used.
Relationship These relationships are particularly important in the reporting of •The mineralisation is contained to the pegmatite with the intercept
between Exploration Results. length exhibiting zoning which is also reflected the changes in
mineralisation
If the geometry of the mineralisation with respect to the drill hole
lithological zoning of the pegmatite. The quartz core is generally low
widths and angle is known, its nature should be reported. in mineralisation but the upper and lower intermediate and transition
intercept
lengths
If it is not known and only the down hole lengths are reported, there
should be a clear statement to this effect (eg ‘down hole length, true
zones contain higher levels of mineralisation
•The geometry of the mineralisation is dictated by the zoning and
width not known’). fractionation of the pegmatite and is restricted to the inclined tabular
morphology of the pegmatite.
•The north south drill holes are drilled perpendicular to the direction of
the dip, although the plunge is the northwest. Down hole lengths have
been reported, and have not been converted to true width
Diagrams Appropriate maps and sections (with scales) and tabulations of •All seven relevant sections have been provided with an overview
intercepts should be included for any significant discovery being plan, see diagrams as examples.
reported These should include, but not be limited to aplan view of

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Criteria JORC Code explanation Commentary
_drill hole collar locations and appropriate sectional views. _
Balanced Where comprehensive reporting of all Exploration Results is not •Attached are a complete set of collar, geology and assay results for
reporting practicable, representative reporting of both low and high grades all 31 holes in the Exploration target.
and/or widths should be practiced to avoid misleading reporting of
_Exploration Results. _
Other Other exploration data, if meaningful and material, should be reported
•While other substantial exploration data sets are available, these
substantive including (but not limited to): geological observations; geophysical pertain to Tantalum and therefore are not relevant to this
exploration survey results; geochemical survey results; bulk samples – size and announcement.
data method of treatment; metallurgical test results; bulk density, •Plots of the analytical data reveal
groundwater, geotechnical and rock characteristics; potential
_deleterious or contaminating substances. _

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Criteria JORC Code explanation

Commentary

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  • Li-Ta Plot . There appears to be no direct association between these elements other that it appears that the low to high Li values tend to have a higher frequency with the low (<100ppm) Ta values.

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Criteria JORC Code explanation Commentary

Rb-Li Plot. Shows a direct normal relationship with good
correlation, especially if the quartz core samples are
removed. Note quite a few samples have >1000ppm Rb
possibly coming from lepidolite or zinnwaldite.

Cs-Li PlotAlso shows a reasonable normal correlation

Cs-Rb Plot. Displays a good normal correlation, especially
if the quartz core samples were removed.
Further work The nature and scale of planned further work (eg tests for lateral •An RC drilling programme is currently being planned to test expand
extensions or depth extensions or large-scale step-out drilling). the Exploration Target with holes planned along Pegmatite 1 & 2,
Diagrams clearly highlighting the areas of possible extensions, Breakaway (to the west) and Niobe South (to the south). A rig has
including the main geological interpretations and future drilling areas, been booked for end of September 2021, subject to POW approval.
provided this information is not commercially sensitive. •See Map of planned drill areas
Cut-off The basis of the adopted cut-off grade(s) or quality parameters •For the lower tonnage/higher grade a 200ppm cut-off was used,
parameters applied. based on independent advise and being a statistical nick point in the
spread of Rb ranges, see Rb-Li diagram above.
Mining factors
Assumptions made regarding possible mining methods, minimum
•No mining factors or assumptions have been considered for this
or mining dimensions and internal (or, if applicable, external) mining Exploration Target as these are considered outside the scope of this
assumptions dilution. It is always necessary as part of the process of determining stage of exploration.
reasonable prospects for eventual economic extraction to consider
potential mining methods, but the assumptions made regarding
mining methods and parameters when estimating Mineral Resources
may not always be rigorous. Where this is the case, this should be
reported with an explanation of the basis of the mining assumptions
_made. _
Metallurgical The basis for assumptions or predictions regarding metallurgical •No metallurgical factors or assumptions have been considered for this
factors or amenability. It is always necessary as part of the process of Exploration Target as these are considered outside the scope of this
assumptions determining reasonable prospects for eventual economic extraction to
stage of exploration
consider potential metallurgical methods, but the assumptions
regarding metallurgical treatment processes and parameters made
_when reporting Mineral Resources may not always be rigorous. _

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Criteria JORC Code explanation Commentary
Where this is the case, this should be reported with an explanation of
_the basis of the metallurgical assumptions made. _
Environmen- Assumptions made regarding possible waste and process residue •No environmental factors or assumptions have been considered for
tal factors or disposal options. It is always necessary as part of the process of this Exploration Target as these are considered outside the scope of
assumptions determining reasonable prospects for eventual economic extraction to
this stage of exploration. It must be noted that the area has be subject
consider the potential environmental impacts of the mining and to trial mining in several locations in the past, with pits, ROM dumps
processing operation. While at this stage the determination of and tailings.
potential environmental impacts, particularly for a greenfields project,
may not always be well advanced, the status of early consideration of
these potential environmental impacts should be reported. Where
these aspects have not been considered this should be reported with
_an explanation of the environmental assumptions made. _
Bulk density Whether assumed or determined. If assumed, the basis for the •Trial mining determined a bulk density of 2.5 for the weather surficial
assumptions. If determined, the method used, whether wet or dry, the
pegmatite due to increased porosity. However for the purposes of the
frequency of the measurements, the nature, size and assessment fresh rock was assumed with 2.6 used, which is the
representativeness of the samples. standard for pegmatite used in modelling.
The bulk density for bulk material must have been measured by •Tantalum Australia trial mined the Tantalum at Niobe used 2.5 but did
methods that adequately account for void spaces (vugs, porosity, not detail how this figure was determined.
etc), moisture and differences between rock and alteration zones •The mineralisation is restricted to the pegmatite, generally the
within the deposit. intermediate zone. No attempt has been made to differentiate the
Discuss assumptions for bulk density estimates used in the bulk density of each zone with the pegmatite
_evaluation process of the different materials. _
Classification The basis for the classification of the Mineral Resources into varying •No Mineral resource is considered, the project is purely an
confidence categories. exploration play.
Whether appropriate account has been taken of all relevant factors (ie
relative confidence in tonnage/grade estimations, reliability of input
data, confidence in continuity of geology and metal values, quality,
quantity and distribution of the data).
Whether the result appropriately reflects the Competent Person’s
_view of the deposit. _
Audits or The results of any audits or reviews of Mineral Resource estimates. •No Mineral Resource defined
reviews
Discussion of Where appropriate a statement of the relative accuracy and •No Mineral Resource defined
relative

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Criteria JORC Code explanation Commentary
accuracy/ confidence level in the Mineral Resource estimate using an approach
confidence or procedure deemed appropriate by the Competent Person. For
example, the application of statistical or geostatistical procedures to
quantify the relative accuracy of the resource within stated confidence
limits, or, if such an approach is not deemed appropriate, a qualitative
discussion of the factors that could affect the relative accuracy and
confidence of the estimate.
The statement should specify whether it relates to global or local
estimates, and, if local, state the relevant tonnages, which should be
relevant to technical and economic evaluation. Documentation should
include assumptions made and the procedures used.
These statements of relative accuracy and confidence of the estimate
_should be compared with production data, where available. _
Study status The type and level of study undertaken to enable Mineral Resources •No Mineral Resource defined
to be converted to Ore Reserves.
The Code requires that a study to at least Pre-Feasibility Study level
has been undertaken to convert Mineral Resources to Ore Reserves.
Such studies will have been carried out and will have determined a
mine plan that is technically achievable and economically viable, and
_that material Modifying Factors have been considered. _
Cut-off The basis of the cut-off grade(s) or quality parameters applied. •No Mineral Resource defined
parameters
Mining factors
The method and assumptions used as reported in the Pre-Feasibility
•No Mineral Resource defined
or or Feasibility Study to convert the Mineral Resource to an Ore
assumptions Reserve (i.e. either by application of appropriate factors by
optimisation or by preliminary or detailed design).
The choice, nature and appropriateness of the selected mining
method(s) and other mining parameters including associated design
issues such as pre-strip, access, etc.
The assumptions made regarding geotechnical parameters (eg pit
slopes, stope sizes, etc), grade control and pre-production drilling.
The major assumptions made and Mineral Resource model used for
pit and stope optimisation (if appropriate).
• _The mining dilution factors used. _

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Criteria JORC Code explanation Commentary
The mining recovery factors used.
Any minimum mining widths used.
The manner in which Inferred Mineral Resources are utilised in
mining studies and the sensitivity of the outcome to their inclusion.
• _The infrastructure requirements of the selected mining methods. _
Metallurgical The metallurgical process proposed and the appropriateness of that •No Mineral Resource defined
factors or process to the style of mineralisation.
assumptions Whether the metallurgical process is well-tested technology or novel
in nature.
The nature, amount and representativeness of metallurgical test work
undertaken, the nature of the metallurgical domaining applied and the
corresponding metallurgical recovery factors applied.
Any assumptions or allowances made for deleterious elements.
The existence of any bulk sample or pilot scale test work and the
degree to which such samples are considered representative of the
orebody as a whole.
For minerals that are defined by a specification, has the ore reserve
estimation been based on the appropriate mineralogy to meet the
_specifications? _
Environmen- The status of studies of potential environmental impacts of the mining •No Mineral Resource defined
tal and processing operation. Details of waste rock characterisation and
the consideration of potential sites, status of design options
considered and, where applicable, the status of approvals for process
_residue storage and waste dumps should be reported. _
Infrastructure The existence of appropriate infrastructure: availability of land for •No Mineral Resource defined
plant development, power, water, transportation (particularly for bulk
commodities), labour, accommodation; or the ease with which the
_infrastructure can be provided, or accessed. _
Costs The derivation of, or assumptions made, regarding projected capital •No Mineral Resource defined
costs in the study.
The methodology used to estimate operating costs.
Allowances made for the content of deleterious elements.
The source of exchange rates used in the study.
• _Derivation of transportation charges. _

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Criteria JORC Code explanation Commentary
The basis for forecasting or source of treatment and refining charges,
penalties for failure to meet specification, etc.
The allowances made for royalties payable, both Government and
_private. _
Revenue The derivation of, or assumptions made regarding revenue factors •No Mineral Resource defined
factors including head grade, metal or commodity price(s) exchange rates,
transportation and treatment charges, penalties, net smelter returns,
etc.
The derivation of assumptions made of metal or commodity price(s),
_for the principal metals, minerals and co-products. _
Market The demand, supply and stock situation for the particular commodity, •No Mineral Resource defined
assessment consumption trends and factors likely to affect supply and demand
into the future.
A customer and competitor analysis along with the identification of
likely market windows for the product.
Price and volume forecasts and the basis for these forecasts.
For industrial minerals the customer specification, testing and
_acceptance requirements prior to a supply contract. _
Economic The inputs to the economic analysis to produce the net present value •No Mineral Resource defined
(NPV) in the study, the source and confidence of these economic
inputs including estimated inflation, discount rate, etc.
NPV ranges and sensitivity to variations in the significant
_assumptions and inputs. _
Social The status of agreements with key stakeholders and matters leading •No Mineral Resource defined
_to social licence to operate. _
Other To the extent relevant, the impact of the following on the project •No Mineral Resource defined
and/or on the estimation and classification of the Ore Reserves:
Any identified material naturally occurring risks.
The status of material legal agreements and marketing arrangements.
The status of governmental agreements and approvals critical to the
viability of the project, such as mineral tenement status, and
government and statutory approvals. There must be reasonable
grounds to expect that all necessary Government approvals will be
_received withinthe timeframes anticipated inthe Pre-Feasibility or _

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Criteria JORC Code explanation Commentary
Feasibility study. Highlight and discuss the materiality of any
unresolved matter that is dependent on a third party on which
_extraction of the reserve is contingent. _
Classification The basis for the classification of the Ore Reserves into varying •No Mineral Resource defined
confidence categories.
Whether the result appropriately reflects the Competent Person’s
view of the deposit.
The proportion of Probable Ore Reserves that have been derived
_from Measured Mineral Resources (ifany). _
Audits or The results of any audits or reviews of Ore Reserve estimates. •No Mineral Resource defined
reviews
Discussion of Where appropriate a statement of the relative accuracy and •No Mineral Resource defined
relative confidence level in the Ore Reserve estimate using an approach or
accuracy/ procedure deemed appropriate by the Competent Person. For
confidence example, the application of statistical or geostatistical procedures to
quantify the relative accuracy of the reserve within stated confidence
limits, or, if such an approach is not deemed appropriate, a qualitative
discussion of the factors which could affect the relative accuracy and
confidence of the estimate.
The statement should specify whether it relates to global or local
estimates, and, if local, state the relevant tonnages, which should be
relevant to technical and economic evaluation. Documentation should
include assumptions made and the procedures used.
Accuracy and confidence discussions should extend to specific
discussions of any applied Modifying Factors that may have a
material impact on Ore Reserve viability, or for which there are
remaining areas of uncertainty at the current study stage.
It is recognised that this may not be possible or appropriate in all
circumstances. These statements of relative accuracy and confidence
of the estimate should be compared with production data, where
_available. _

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