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CORE LITHIUM LTD Regulatory Filings 2017

Feb 6, 2017

64737_rns_2017-02-06_c23d3a82-5454-4e05-aeae-22a92bf91a82.pdf

Regulatory Filings

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ASX ANNOUNCEMENT

ASX: CXO

7[th] February 2017

LITHIUM MINERALISATION INTERSECTED AT AHOY, AHOY EAST AND FAR WEST PROSPECTS

HIGHLIGHTS

  • High grade lithium assays have been received from Core’s Phase 2 RC drilling program at the Far West, Ahoy and Ahoy East Prospects within the Finniss Lithium Project near Darwin in the NT

  • Significant RC drill results include 12m @ 1.22% Li2O from 67m including 2m @ 1.94% Li2O from 73m at the recently discovered Ahoy East Prospect

  • Core has successfully found spodumene mineralisation in 6 of the 7 pegmatite prospects drilled to date at the Finniss Project, including Grants, Far West, BP33, Hills, Ahoy, and Ahoy East

  • Core has an expansive footprint of over 400km[2] within the Bynoe field, with dozens of already mapped, but untested pegmatites, providing significant exposure to this emerging high grade lithium province

  • High grade lithium results from Core’s 2016 drilling indicate that a high proportion of pegmatites in the Bynoe field are geologically fertile with spodumene mineralisation

  • Further drilling results are expected to be received from the Far West and Grants prospects in February and March

  • Initial results from metallurgical test work to produce spodumene concentrates from Finniss expected over coming weeks

  • The Company is well funded and will continue to aggressively explore and advance development assessment of its high grade lithium discoveries in 2017

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

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Core Exploration Ltd (ASX: CXO) (“Core” or the “Company”) is pleased to announce that it has received further high grade lithium assays from its Phase 2 RC regional drilling program at the Company’s 100% owned Finniss Lithium Project near Darwin in the NT (“Finniss”).

In this most recent batch of RC results received, lithium grades have been demonstrated in assays received from drilling at the Ahoy, Ahoy East and Far West prospects, which now brings Core’s known lithium bearing pegmatites to 6, from a total of 7 drilled to date within the Finniss Project area.

Core’s Managing Director, Mr Stephen Biggins commented:

“The high rate of success we are having in this emerging lithium province is a testament to the skills of our exploration team in generating and working up the initial exploration targets, and our early mover advantage in locking up strategic tenements in the Bynoe field early in 2016.

We now have confirmation of spodumene mineralisation on at least 6 prospects within our Finniss Project, and importantly, we have many more pegmatites on our tenure still to test, some of which have very significant scale potential”.

– Regional Phase 2 RC Drilling Results Progress Report

Lithium assay results from Core’s Phase 2 regional drilling targets at the Finniss Lithium Project has demonstrated that most pegmatite prospects drilled by Core to date are mineralised with spodumene, including the Grants, Far West, BP33, Hills, Ahoy and Ahoy East prospects.

The high rate of drilling success on multiple prospects is significant for the potential scale of mineralisation at the Finniss Project, given the geographic spread of the prospects drilled so far (up to 10km distance from Grants) and the large number (likely to be tens if not hundreds) of pegmatite bodies of various size to be fully mapped and tested by Core.

Given the large aerial extent of the Company’s tenements, the high number of pegmatites in the Bynoe area, and the substantial proportion of mineralised pegmatites, Core expects to encounter a number of pegmatites with significant size and grade as it progresses its work programme across multiple targets within the field.

In the weeks ahead Core will report further Phase 2 RC drilling assay results from its Far West and Grants prospects, as well as results from diamond drilling at the Grants which are expected in March.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

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Ahoy and Ahoy East Prospects

Drilling at the Ahoy (two drill holes) and Ahoy East (three drill holes) prospects confirmed that both these prospects contain pegmatites that are mineralised with spodumene and host lithium grades above 1% Li2O (Figures 1 and 3).

The best results include a 12m spodumene intersection at 1.22% Li2O from 67m including 2m @ 1.94% Li2O at Ahoy in FRC074 (Figure 1 and Table 1).

A broad 39m intersection at Ahoy East comprised predominantly of pegmatite includes a number of narrower mineralised zones with grades up to 1.75% Li2O over 2m (Figure 1 and Table 1).

Far West Prospect

The drill results from the Far West prospect to date suggest that the Far West belt has the potential to deliver a series of smaller interconnected pegmatite bodies of spodumene bearing pegmatite over a distance of 1,000m that when combined, may represent a considerable volume of mineralised pegmatite.

New assays at Far West prospect include occasional higher lithium grades above 1.5% Li2O interspersed inconsistently within lower grade pegmatite intervals.

A significant intersection of high grade spodumene at Far West North was previously reported during the first drilling program at Far West North (45m @ 1.57 Li2O FRC030), however follow up drilling demonstrated that the pegmatite body was drilled oblique to dip and therefore the intersections were significantly larger than true widths. The lower grades intersected in drilling at Far West are interpreted to be due to weathering, and there is also evidence that some of the pegmatites are strongly zoned with quartz rich zones often diluting the overall grade.

The strike extent has not been closed off at Far West and internally this belt retains the potential for a number of high-grade pegmatite pods.

A summary of results to date from the Far West prospect are shown in Figure 2 and Table 1.

Core is still awaiting assays for 8 drillholes at Far West (Figures 2 and 3) which will be reported in due course.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

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Figure 1 – Drilling Summary, Ahoy and Ahoy East Prospects, Finniss Lithium Project, NT.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

Hole Prospect Easting Northing From
(m)
To
(m)
Interval
(m)
Grade
(Li2O %)
FRC050 Far West North 692344 8598713 82 91 9 094
.
FRC053 Far West North 692336 8598489 60 62 2 1.65
and 68 69 1 0.41
and 99 105 6 1.17
FRC054 Far West North 692329 8598489 95 106 11 0.71
including 98 100 2 1.62
FRC058 Far West North 692206 8598064 87 91 4 0.87
and 96 102 6 0.93
including 96 98 2 1.94
FRC060 Far West North 692189 8598020 64 67 3 0.80
FRC062 Far West North 692421 8598693 67 68 1 0.71
FRC071 AhoyEast 693020 8589993 73 76 3 0.53
and 81 86 5 0.62
and 93 95 2 0.43
and 99 105 6 0.95
including 102 104 2 1.75
and 110 112 2 0.46
FRC074 Ahoy 692534 8590413 67 79 12 1.22
including 73 75 2 1.94
FRC078 Far West North 692440 8598692 82 87 5 1.25

Table 1. Significant Phase 2 RC results received to date from Far West North, Ahoy and Ahoy East prospects, Finniss Lithium Project NT.

Hills and Central Prospects

RC drillholes aimed at following up historic workings and soil sampling anomalies at Hills and Central resulted in narrow weathered pegmatites with minimal residual spodumene, the best intercept having previously been reported from FRC016 – 3m @ 0.55% Li2O. While the assay results for these two prospects were disappointing and no economic grades were encountered, they did demonstrate that the pegmatites are fertile for spodumene. These pegmatites potentially swell in size along strike, allowing a complete magmatic zonation.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

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Figure 2. Drilling Summary, Far West Prospects, Finniss Lithium Project, NT

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

==> picture [417 x 612] intentionally omitted <==

Figure 3. Drilling Summary Diagram, Finniss Project NT.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

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

Area of Figure 3
.
----- End of picture text -----

Figure 4 Core’s large, 100%-owned granted tenure position within the lithium rich Bynoe Pegmatite Field near Darwin NT.

Finniss Lithium Project Background

Core’s Finniss Lithium Project covers a large portion of the Bynoe Lithium-Tantalum-Tin Pegmatite field, which is a 20 kilometre wide belt of more than 90 tin and tantalum prospects and mines and lithium rich pegmatites which stretches over a distance of 75 kilometres south from Port Darwin (Figure 4).

Core’s drilling at Finniss has intersected high lithium grades and spodumene mineralisation within a number of pegmatites at Finniss. Core is pursuing a growing resource base at Finniss with aggressive drill programs continuing in 2017 in parallel with assessing early mine development options.

The Finniss Lithium Project has substantial infrastructure advantages being close to grid power, gas, and rail and services infrastructure and within short trucking distance by sealed road to the multi-user port facility at Darwin Port - Australia’s nearest port to Asia.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

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For further information please contact:

Stephen Biggins Managing Director Core Exploration Ltd 08 7324 2987

[email protected]

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. He has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken 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. Biggins consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This report includes results that have previously been released under JORC 2012 by Core as “Further High Grade Lithium Intersections at Finniss” (20/10/16), and “High Grade Lithium Intersections at Far West Prospect” (13/12/2016).

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

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JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data

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

  • Criteria JORC Code explanation Commentary SamplingNature and quality of sampling (eg cut channels, random chips,  Drilling assay data reported herein relates to 31 RC drill holes techniques or specific specialised industry standard measurement tools on Finniss Lithium Project appropriate to the minerals under investigation, such as down  Sub surface chip samples have been collected by reverse hole gamma sondes, or handheld XRF instruments, etc). These circulation (RC) drilling techniques. examples should not be taken as limiting the broad meaning of  Drill holes are oriented approximately perpendicular to the sampling. interpreted strike of the mineralised trend.

  • Include reference to measures taken to ensure sample  Rock samples comprise multiple chips considered to be representivity and the appropriate calibration of any representative of the horizon or outcrop being sampled. measurement tools or systems used.  Samples submitted for assay typically weigh 2-3kg.

  • Aspects of the determination of mineralisation that are Material  RC samples are homogenised by cone splitting prior to to the Public Report. sampling and are then submitted for to the laboratory for

  • In cases where ‘industry standard’ work has been done this assay. would be relatively simple (eg ‘reverse circulation drilling was  Samples prepared at North Australian Laboratories by used to obtain 1 m samples from which 3 kg was pulverised to pulverising in Vertical Spindle Pulveriser (Keegormill) to 90% produce a 30 g charge for fire assay’). In other cases more passing -100 um. A 0.3 g sub-sample is fused with a Sodium explanation may be required, such as where there is coarse Peroxide Fusion flux and then digested in 10% hydrochloric gold that has inherent sampling problems. Unusual acid. commodities or mineralisation types (eg submarine nodules)  A barren flush is inserted between samples. may warrant disclosure of detailed information.  The laboratory has a regime of 1 in 8 control subsamples.

  • ICP-MS and ICP-OES methods are used for the following elements: Li, Cs, Rb, Sr, Nb, Sn, Ta, U, As, K, P and Fe.

  • Assays have only been received for a part of the program thus far.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Criteria
JORC Code explanation
Commentary
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole hammer,
rotary air blast, auger, Bangka, sonic, etc) and details (eg core
diameter, triple or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented and if so, by
what method, etc).

Drilling technique used at Finniss and reported herein
comprises standard Reverse Circulation (RC) 4 and 3/4 inch
face sampling hammer (5.5 inch diameter bit).

The rig is an Evolution 3000 mutli-purpose rig with side
mounted cyclone operated by GridDrilling, Qld.
Drill sample
recovery
Method of recording and assessing core and chip sample
recoveries and results assessed.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Whether a relationship exists between sample recovery and
grade and whether sample bias may have occurred due to
preferential loss/gain of fine/coarse material.

Sample recoveries are visually estimated and recorded for
each metre. To date sample recoveries have averaged >95%.

Contamination is monitored regularly. No issues have been
encountered in this program.

The cyclone and splitter are regularly cleaned, especially in
wet intervals.

Drill collars are sealed to prevent sample loss and holes are
normally drilled dry to prevent poor recoveries and
contamination caused by water ingress. Wet intervals are
noted in case of unusual results.
Logging
Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate
Mineral Resource estimation, mining studies and metallurgical
studies.
Whether logging is qualitative or quantitative in nature. Core (or
costean, channel, etc) photography.
The total length and percentage of the relevant intersections
logged.
Standard sample logging procedures are utilised by the
company, including logging codes for lithology, minerals,
weathering etc.
Geology of the RC drill chips is logged on a metre basis with
attention to main rock forming minerals within the pegmatite
intersections.
Pegmatite sections are also checked under UV light for
spodumeneidentificationonametre bymetre basis.
Sub-
sampling
techniques
and sample
If core, whether cut or sawn and whether quarter, half or all
core taken.
If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.

RC samples are collected as 1 metre samples, cone split at
the cyclone and then calico-bagged. Usually these weight 2-3
kg.

A 30-40 kg primary sample is collected in green bags and
retained untilassayshave been returned and deemedreliable

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Criteria
JORC Code explanation
Commentary
preparation
For all sample types, the nature, quality and appropriateness of
the sample preparation technique.
Quality control procedures adopted for all sub-sampling stages
to maximise representivity of samples.
Measures taken to ensure that the sampling is representative
of the in situ material collected, including for instance results for
field duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the
material being sampled.
for reporting purposes.

Most samples are dry, but wet or damp samples are recorded.

Duplicate sample regime is used to monitor sampling
methodology and homogeneity.

A powder chip tray for the entire hole is completed. A separate
sub-sample is sieved from the large RC bags at site into chip
trays over the pegmatite interval to assist in geological logging.
These are photographed and stored on the Core server.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the assaying and
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.

One in twenty certified Lithium ore standards are used for this
drilling.

One in twenty duplicates are used for this drilling.

Blanks inserted on a one in twenty basis.

One in twenty external laboratory checks will be completed in
due course.
Verification
of sampling
and
assaying
The verification of significant intersections by either
independent or alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
Discuss any adjustment to assay data.

Core’s experienced project geologists are supervised by
Core’s Exploration Manager.

All field data is manually collected, entered into excel
spreadsheets and validated.

Hard copies are stored in the local office and electronic data is
stored on the Core server.
Location of
Accuracy and quality of surveys used to locate drill holes (collar Allcoordinateinformation was collected usinghandheld GPS

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Criteria
JORC Code explanation
Commentary
data points
and down-hole surveys), trenches, mine workings and other
locations used in Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
utilizing GDA 94, Zone 52.
RC holes were surveyed by a isGyro down hole tool and the
collar is oriented using the Azi Aligner tool, both from Downhole
Surveys, Perth. A QA-QC procedure is applied to the azimuth
data. Spurious data are excluded.
Core works with the drilling company to minimize drill hole
deviation via the use of various drilling techniques such as the
use of stabalisers in certain circumstances. Core believes the
deviation experienced by the drill rods in the current program is
within expectations of the rocktype and is acceptable for the
target style.
Data
spacing
and
distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to
establish the degree of geological and grade continuity
appropriate for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications applied.
Whether sample compositing has been applied.

Varies from prospect to prospect, but generally of the order
50-100m along strike and 10-50m down dip.

Refer figures in report.

No compositing has been applied to information in this report.
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which this is
known, considering the deposit type.
If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to have
introduced a sampling bias, this should be assessed and
reported if material.

Drilling is typically oriented perpendicular to the interpreted
strike of mineralisation as mapped or predicted by the
geological model.
Sample
security
The measures taken to ensure sample security.

Company geologist supervises all sampling and subsequent
storage in field.
Audits or
reviews
The results of any audits or reviews of sampling techniques
and data.
None completed.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

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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 Drilling is being conducted on EL 29698 that is 100% owned by
tenement and
including agreements or material issues with third parties such
Core.
land tenure as joint ventures, partnerships, overriding royalties, native title The area being drilled comprises Vacant Crown land
status interests, historical sites, wilderness or national park and There are no registered heritage sites covering the areas being
environmental settings. drilled.
The security of the tenure held at the time of reporting along EL 29698 is in good standing with the NT DME Titles Division.
with any known impediments to obtaining a licence to operate
_inthe area. _
Exploration Acknowledgment and appraisal of exploration by other parties. The history of mining in the Bynoe Harbour – Middle Arm area
done by other dates back to 1886 when tin was discovered by Mr C Clark.
parties The records of production for many mines are not complete, and
in numerous cases changes have been made to the names of the
mines and prospects which tend to confuse the records still
further. In many cases the published names of mines cannot be
linked to field occurrences.
In the early 1980s the Bynoe Pegmatite field was reactivated
during a period of high tantalum prices by Greenbushes Tin which
owned and operated the Greenbushes Tin and Tantalite (and
later spodumene) Mine in WA. Greenbushes Tin Ltd entered into
a JV named the Bynoe Joint Venture with Barbara Mining
Corporation, a subsidiary of Bayer AG of Germany.
Greenex (the exploration arm of Greenbushes Tin Ltd) explored
the Bynoe pegmatite field between 1980 and 1990 and produced
tin and tantalite from its Observation Hill Treatment Plant between
1986 and1988.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Criteria
JORC Code explanation
Commentary
They then tributed the project out to a company named Fieldcorp
Pty Ltd who operated it between 1991 and 1995.
In 1996, Julia Corp drilled RC holes into representative
pegmatites in the field, but like all of their predecessors, did not
assay for Li.
Since 1996 the field has been defunct until recently when
exploration has begun on ascertaining the lithium prospectivity of
the Bynoe pegmatites.
The NT geological Survey undertook a regional appraisal of the
field, which was published in 2004 (NTGS Report 16, Frater
2004).
Geology
Deposit type, geological setting and style of mineralisation.
The tenements sampled cover the northern and southern portions
of a swarm of complex zoned rare element pegmatite field, which
comprises the 55km long by 10km wide West Arm – Mt Finniss
pegmatite belt (Bynoe Pegmatite Field; NTGS Report 16). The
main pegmatites in this belt include Mt Finniss, Grants, BP33,
Hang Gong and Sandras
The Finniss pegmatites have intruded early Proterozoic shales,
siltstones and schists of the Burrell Creek Formation which lies on
the northwest margin of the Pine Creek Geosyncline. To the
south and west are the granitoid plutons and pegmatitic granite
stocks of the Litchfield Complex. The source of the fluids that
have formed the intruding pegmatites is generally accepted as
being the Two Sisters Granite to the west of the belt, and which
probably underlies the entire area at depths of 5-10 km.
Lithium mineralisation has been identified as occurring at Grants,
BP33, Ahoy, Ahoy East, Hills and Far West

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

==> picture [567 x 113] intentionally omitted <==

  • Criteria JORC Code explanation Commentary Drill holeA summary of all information material to the understanding of  Refer Table below and Table 1 and Figures in Report for Information the exploration results including a tabulation of the following significant intersections information for all Material drill holes:
Refer Table below and Table 1 and Figures in Report for Refer Table below and Table 1 and Figures in Report for Refer Table below and Table 1 and Figures in Report for Refer Table below and Table 1 and Figures in Report for Refer Table below and Table 1 and Figures in Report for Refer Table below and Table 1 and Figures in Report for Refer Table below and Table 1 and Figures in Report for
significant intersections
Azi
Hole
Prospect
Easting Northing RL(m) (°) Dip(°) Depth(m)
FRC050
FW North
692344 8598713 34 90 -56 114
FRC051
FW North
FRC052
FW North
FRC053
FW North
692369
692336
692336
8598703
8598670
8598489
33
36
37
87
88
90
-60
-57
-60
103
120
120
FRC054
FW North
692329 8598489 37 91 -70 168
FRC055
FW North
692241 8598175 36 85 -61 103
FRC056
FW North
692238 8598176 36 94 -64 120
FRC057
FW North
692209 8598067 35 90 -62 102
FRC058
FW North
692206 8598064 35 85 -71 102
FRC059
FW North
692308 8598033 35 272 -59 120
FRC060
FW North
692189 8598020 35 85 -58 120
FRC061
FW North
692424 8598770 30 127 -58 102
FRC062
FW North
692421 8598693 31 270 -60 120
FRC063
Hills
694313 8599082 26 268 -84 120
FRC064
Central
693503 8597633 36 88 -60 102
FRC065
Central
693460 8597629 36 89 -57 102
FRC066
Central
693480 8597543 38 92 -59 102
FRC067
Central
693440 8597545 38 95 -61 108
FRC068
Central
693441 8597461 38 88 -60 102
FRC069
Central
693500 8597480 35 84 -61 102
  • easting and northing of the drill hole collar

  • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar

  • dip and azimuth of the hole

  • down hole length and interception depth

  • hole length.

  • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Criteria
JORC Code explanation
Commentary
FRC070 Ah Hoys E 693026 8589991 21 301 -61 120
FRC071 Ah Hoys E 693020 8589993 21 269 -60 120
FRC072 Ah Hoys E 693004 8589945 21 272 -62 102
FRC073 Ah Hoys 692419 8590364 16 96 -61 102
FRC074 Ah Hoys 692534 8590413 16 92 -66 108
FRC077 FW North 692441 8598770 30 273 -61 114
FRC078 FW North 692440 8598692 31 274 -56 120
FRC079 FW North 692446 8598716 31 271 -62 120
FRC080 FW North 692461 8598430 34 268 -61 120
FRC081 FW North 692465 8598365 35 265 -61 108
FRC082 FW North 692464 8598312 35 264 -60 108
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques, maximum and/or minimum grade truncations (eg
cutting of high grades) and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts incorporate short lengths of high
grade results and longer lengths of low grade results, the
procedure used for such aggregation should be stated and
some typical examples of such aggregations should be shown
in detail.
The assumptions used for any reporting of metal equivalent
_values should be clearly stated. _
Mean grades have been calculated on a 0.4% Li2O lower cut-off
grade with no upper cut-off grade applied. A 3m dilution is
allowed.
Relationship
between
mineralisation
widths and
intercept
These relationships are particularly important in the reporting
of Exploration Results.
If the geometry of the mineralisation with respect to the drill
hole angle is known, its nature should be reported.
The true width is roughly 70% of the intercept width based on
hole dip and the sub-vertical nature of the pegmatite body.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Criteria
JORC Code explanation
Commentary
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 width not known’). _
Diagrams
Appropriate maps and sections (with scales) and tabulations
of intercepts should be included for any significant discovery
being reported These should include, but not be limited to a
plan view of drill hole collar locations and appropriate
sectional views.
See figures in release
Balanced
reporting
Where comprehensive reporting of all Exploration Results is
not practicable, representative reporting of both low and high
grades and/or widths should be practiced to avoid misleading
reporting of Exploration Results.
All intersections have been reported and are considered
representative. Refer table of drill hole collars in report.
Other
substantive
exploration
data
Other exploration data, if meaningful and material, should be
reported including (but not limited to): geological observations;
geophysical survey results; geochemical survey results; bulk
samples – size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.

See release details

All meaningful and material data reported
Further work
The nature and scale of planned further work (eg tests for
lateral extensions or depth extensions or large-scale step-out
drilling).
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling
areas, provided this information is not commercially sensitive.
Remaining RC and Diamond drill samples have either been
submitted or will soon be submitted to the laboratory for chemical
assay.
Assay results are expected during February and March 2017

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