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KALAMAZOO RESOURCES LIMITED Capital/Financing Update 2021

Aug 22, 2021

65210_rns_2021-08-22_29859bc4-12b8-44cb-bf02-fc9ffe30144f.pdf

Capital/Financing Update

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23 August 2021

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ASX Announcement

Pilbara Lithium Exploration Projects – Update – Amended

Highlights

  • Kalamazoo has commenced a focused accelerated lithium exploration program to fast-track its DOM’s Hill Project and nearby Marble Bar Project to drill-ready status

DOM’s Hill Project

  • Several priority target areas for potential lithium-caesium-tantalum (“LCT”) pegmatite mineralisation have been identified by portable XRF (“pXRF”) analyses of historical broad-spaced geochemical soil samples collected within the first (E45/5146) of seven tenements comprising the 122km[2] DOM’s Hill Project

  • Priority target areas will be subject to upcoming in-fill soil sampling and field validation campaigns

  • Newly acquired project-wide high-resolution satellite imagery has further identified sparsely outcropping pegmatites

  • Project wide geochemical soil sampling program (~4,600 samples) to commence mid-October 2021

Marble Bar Project

  • A technical review of Kalamazoo’s Marble Bar tenements (E45/4700 and application E45/5970) 20km to the south-east of Marble Bar, East Pilbara has also revealed lithium exploration potential

  • Kalamazoo’s Marble Bar tenements (57km[2] ) are located immediately to the south of Global Lithiums’ (ASX: GL1) 10.5Mt @ 1.0% Li20 Archer deposit on the prospective margin of the Moolyella tin and tantalum alluvial field and contains known mapped pegmatites and lithium occurrences

Kalamazoo’s Director Paul Adams said today, “Our exploration team has done a terrific job in such a short period of time to advance the lithium exploration potential in the Pilbara, not just at DOM’s Hill but at our nearby Marble Bar Project. Our previous exploration on these projects has been primarily focused on gold. To now be presented with the opportunity to investigate the project’s exciting lithium potential in one of the world’s major lithium provinces is a fantastic free kick for us. These project areas will now be subject by Kalamazoo to an immediate, systematic and well-funded exploration program, to which we look forward to keeping the market informed as we progress.”

Perth 16 Douro Place West Perth WA 6005 1300 782 988

Melbourne Unit 3, 328 Reserve Road Cheltenham VIC 3192 +61 3 9988 7796

ASX: KZR ACN: 150 026 850 [email protected] www.kzr.com.au

Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo” or the “Company”) is pleased to advise of its recent significant lithium exploration progress at its DOM’s Hill and Marble Bar projects in the East Pilbara region of WA (Figure 1). In particular, highly encouraging pXRF results from soil sample pulps previously collected from E45/5146 at the DOM’s Hill Project indicate potential lithium LCT pegmatite mineralisation.

Additionally, there has also been significant lithium potential recently identified at Kalamazoo’s 100% owned exploration licence E45/4700 south-east of Marble Bar. Kalamazoo has subsequently made an application for a highly prospective exploration licence (E45/5970) which directly adjoins E45/4700 (Figure 1).

Large, detailed soil sampling programs have now been designed for both the DOM’s Hill and Marble Bar projects which are scheduled to commence in mid-October 2021.

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Figure 1: Location of Kalamazoo’s lithium exploration projects at DOM’s Hill and Marble Bar, East Pilbara Region WA. Note that Kalamazoo has gold rights only in respect to E45/4724

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DOM’s Hill Project (E45/4722, E45/4887, E45/4919 and E45/5146 and applications E45/5934, E45/5935 and E45/5943)

Kalamazoo’s 100% owned DOM’s Hill Project, East Pilbara WA, contains a similar geological setting with target host rocks strongly analogous to that of the nearby world class Pilgangoora (Pilbara Minerals ASX: PLS) and Wodgina (Mineral Resources ASX: MIN) pegmatite-hosted lithium deposits. The project geology for the region, and the prospective granite-greenstone contact zone, or “Goldilocks Zone”, is clearly shown in the WA regional scale aeromagnetic image (Figure 2).

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Figure 2: Location of the DOM’s Hill Project with respect to the Pilgangoora and Wodgina lithium mines and the Archer lithium deposit on a background WA regional-scale aeromagnetic image[1] . The interpreted “Goldilocks Zone” is defined as a 4km wide zone located along the Archaean granite-greenstone contact area.

The DOM’s Hill project area is considered prospective for a range of gold, nickel, cobalt and base metal deposits, with a long and detailed exploration history. Surprisingly, despite its proximity to two of the world’s largest hard-rock lithium mines, there has been no previous exploration for lithium undertaken within the project area. This may be partly explained by some of the project area being overlain by a thin veneer of younger sedimentary cover.

As a first pass reconnaissance investigation, Kalamazoo recently completed pXRF analyses of 732 soil sample pulps, previously collected within E45/5146 for gold exploration purposes for indications of potential LCT pegmatite mineralisation. These 732 soil samples were collected in late 2020 as part of a gold-focused exploration program and were originally submitted for Ultrafine+[TM] multi-element analysis (Figure 3). However, the Ultrafine+[TM] method utilises an aqua regia digestion which is sub-optimal for the detection of lithium and associated path finder elements. Consequently, these pulps have recently been re-analysed with a pXRF unit involving a specialised “Li Index” function developed by Portable Spectral Services Pty Ltd. The pXRF Li Index provides a proxy for Li content via a correlation with a suite of five elements (Rb, Nb, Ta, Ga, and Cs) that are resolvable by pXRF and calibrated against certified reference materials. Note that these soil samples were collected on a broad 400m x 100m spaced grid, which is considered “regionalscale” for a first pass reconnaissance lithium exploration program.

The results of the pXRF Li Index analyses have identified highly prospective areas-of-interest possibly related to potential LCT pegmatite mineralisation, three of which are considered high priority (Figure 4).

1 Refer to the Western Australian Department of Mines, Industry Regulation and Safety website: Lithium in Western Australia poster – June 2021

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Figure 3: (LHS) Location of Kalamazoo’s DOM’s Hill Exploration Licences with respect to the interpreted “Goldilocks Zone” for LCT pegmatite mineralisation on a background regional aeromagnetic image; and (RHS) distribution of Kalamazoo and historical soil and rock chip sampling across the DOM’s Hill Project. Note the location of recent soil samples collected by Kalamazoo in the northern E45/5146 which have been the subject of further pXRF Lithium Index analyses.

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Figure 4: Soil pulp sample locations (nominal 400m x 100m grid sample spacing) and pXRF Lithium Index (image and dot plot) results within E45/5146, DOM’s Hill Project

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Importantly, the highest priority targets are spatially associated with prospective geological features/settings identified in recently acquired high resolution WorldView-3 satellite imagery (Figures 5 and 6). These identified areas-of-interest will now be the focus of follow-up field and laboratory verification including a subset of 167 soil samples recently submitted for four-acid multi-element analysis. If warranted, more detailed infill soil sampling will be completed across these priority areas.

Kalamazoo is very encouraged by these early soil sampling results, especially as E45/5146 is just one (northern) of four granted tenements, with another three exploration tenements under application. As a result, Kalamazoo has recently engaged surface sampling contractors to complete a project-wide soil sampling program on a more detailed 200m x 100m grid. This geochemical sampling program will include a minimum of 4,600 samples, is scheduled to commence mid-October 2021 and is expected to be completed within 1-2 months. All soil samples will be the subject of initial pXRF Lithium Index analysis before select subsets being submitted for laboratory assay analysis. This methodology will ensure that the exploration program can be accelerated and completed cost efficiently.

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Figure 5: ~2km long linear pXRF Li-Index anomaly spatially associated with a mapped quartz filled shear zone in close proximity to the (covered) granite-greenstone contact (on background WorldView-3 panchromatic image). Note exposed granite and greenstone units are shown in the western and eastern parts of this image, respectively, whilst the central contact position is obscured by thin cover.

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Figure 6: ~2km long linear pXRF Li-Index anomaly spatially associated with a mapped quartz filled shear zone in close proximity to the (covered) granite-greenstone contact (on background WorldView-3 multi-spectral image). Note exposed granite and greenstone units are shown in the western and eastern parts of this image, respectively, whilst the central contact position is obscured by thin cover.

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Marble Bar Project (E45/4700 and application E45/5970)

The Company has recently completed a technical review of its Marble Bar tenements, which pleasingly has also revealed further lithium exploration potential. This review was focused on Kalamazoo’s 100% owned granted tenement E45/4700, as well as on exploration licence application E45/5970 (Figure 7).

Kalamazoo considers this area to be highly prospective for lithium mineralisation due to its favourable proximity to the margin of the Moolyella tin and tantalum alluvial field, which includes known cassiteritebearing pegmatites. In addition, within these tenements, there are historical reports of mapped pegmatites and lithium occurrences. Whilst the known lithium occurrences are largely comprised of lithium micas (i.e., lepidolite) this area demonstrates the positive characteristics and empirical evidence favourable for the presence of spodumene-bearing pegmatites. Kalamazoo’s Marble Bar Project has not been the subject of any modern exploration for lithium, although encouragingly, Global Lithium recently announced a maiden Inferred Resource for the nearby 10.5Mt @ 1.0% Li20 Archer deposit on the margin of the Moolyella tin and tantalum field, approximately 25kms to the north[2] .

Similar to the DOM’s Hill Project, Kalamazoo intends to undertake lithium exploration across this project area through a systematic process of large, detailed soil sampling programs and field reconnaissance to identify high priority targets for follow-up drill testing.

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Figure 7: Location of E45/4700 and application E45/5970 on a background GSWA East Pilbara 1:250k Interpreted Bedrock Map Sheet. Note the location of these two tenements on the southern margin of the Moolyella tin and tantalum alluvial field.

2 Refer Global Lithium Resources prospectus dated 22 March 2021

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Next Steps

Kalamazoo’s priority at the DOM’s Hill and Marble Bar Projects is to now focus on advancing towards a drillready status, which will include the following:

  • Completion of large, project-scale soil sampling programs on 200m x 100m spaced sampling grids with initial pXRF Lithium Index evaluation

  • Follow-up laboratory assay analyses and field reconnaissance/mapping campaigns

  • Target identification and infill soils sampling

For further information, please contact:

Luke Reinehr Chairman/CEO [email protected]

Media & Investor Relations (Australia) Victoria Humphries [email protected]

Media & Investor Relations (Canada) Leo Karabelas: [email protected] Tom Panoulias: [email protected]

Previously Released ASX Material References

For further details relating to information in this announcement please refer to the following ASX announcements:

ASX: KZR 6 October 2017 ASX: KZR 2 December 2019 ASX: KZR 8 July 2021

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Cautionary Statement

It should be noted that the information in this announcement is based only on visual field observations and soil geochemistry analyses that were less then optimal. Assay results for the rock chip samples collected from the outcropping pegmatites and the re-assaying of the Kalamazoo soil samples are yet to be received. The Company has not yet confirmed whether lithium mineralisation is present, given that this can only be determined through laboratory analysis.

Response to COVID-19

Kalamazoo has been proactively managing the potential impact of COVID-19 and has developed systems and policies to ensure the health and safety of its employees and contractors, and of limiting risk to its operations. These systems and policies have been developed in line with the formal guidance of State and Federal health authorities and with the assistance of its contractors and will be updated should the formal guidance change. Kalamazoo’s first and foremost priority is the health and wellbeing of its employees and contractors.

To ensure the health and wellbeing of its employees and contractors, Kalamazoo has implemented a range of measures to minimise the risk of infection and rate of transmission to COVID-19 whilst continuing to operate. All operations and activities have been minimised only to what is deemed essential. Implemented measures include employees and contractors completing COVID-19 risk monitoring, increased hygiene practices, the banning of nonessential travel for the foreseeable future, establishing strong infection control systems and protocols across the business and facilitating remote working arrangements, where practicable and requested. Kalamazoo will continue to monitor the formal requirements and guidance of State and Federal health authorities and act accordingly.

Competent Persons Statement

The information for the DOM’s Hill and Marble Bar Project is based on information compiled by Dr Luke Mortimer, a competent person who is a Member of The Australian Institute of Geoscientists. Dr Mortimer is an employee engaged as the Exploration Manager Eastern Australia for the Company 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’. Dr Mortimer consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

Statements regarding Kalamazoo’s plans with respect to its mineral properties and programs are forward-looking statements. There can be no assurance that Kalamazoo’s plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Kalamazoo will be able to confirm the presence of additional mineral resources/reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Kalamazoo’s mineral properties. The performance of Kalamazoo may be influenced by a number of factors which are outside the control of the Company and its Directors, staff, and contractors.

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Table 1. JORC Code, 2012 Edition

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (e.g.
cut channels, random chips, or specific
• Samples referred to in this report were
obtained from in situ soil samples
specialised industry standard overlying Archaean granite-
measurement tools appropriate to the greenstone rocks belonging to the
minerals under investigation, such as Warralong Greenstone Belt which is
down hole gamma sondes, or wedged between the Carlindi
handheld XRF instruments, etc). These Granitoid Complex in the west and the
examples should not be taken as Muccan Granitic Complex to the east.
limiting the broad meaning of
sampling.
• Soil sampling was conducted along
400m spaced E-W lines with a sample
• Include reference to measures taken station every 100m i.e. a 400m x 100m
to ensure sample representivity and grid pattern.
the appropriate calibration of any
measurement tools or systems used.
• The sampling interval is considered
“regional-scale” for gold and lithium
• Aspects of the determination of and sufficient for reconnaissance-level
mineralisation that are Material to the exploration.
Public Report. • Soil samples were sieved to -2mm size
• In cases where ‘industry standard’ fraction.
work has been done this would be
relatively simple (e.g. ‘reverse
circulation drilling was used to obtain 1
m samples from which 3 kg was
pulverised to produce a 30 g charge
• Sampling practice is appropriate to the
generally residual soil profile of the
area sampled and complies with
industry best practice.
for fire assay’). In other cases more
explanation may be required, such as
where there is coarse gold that has
inherent sampling problems. Unusual
commodities or mineralisation types
(e.g. submarine nodules) may warrant
disclosure of detailed information.
Drilling
techniques
• Drill type (e.g. core, reverse circulation,
open-hole hammer, rotary air blast,
• Not applicable.
auger, Bangka, sonic, etc) and details
(e.g. 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).
Drill sample
recovery
• Method of recording and assessing
core and chip sample recoveries and
• Not applicable.
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/coarsematerial.
Logging • Whether core and chip samples have • Not applicable.
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.

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Criteria JORC Code explanation JORC Code explanation Commentary
• Whether logging is qualitative or
quantitative in nature. Core (or
costean, channel, etc) photography.
• The total length and percentage of the
relevantintersectionslogged.
Sub-sampling
techniques
and sample
preparation
• 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.
• Soil samples were collected in dry
conditions and placed in numbered
calico bags and grouped in poly-
weave bags for dispatch to the
laboratory.
• For all sample types, the nature, • Sample size was generally 0.3-0.5 kg.
quality and appropriateness of the • Samples were directly delivered to the
sample preparation technique. laboratory via tracked TOLL freight
• Quality control procedures adopted for consignment.
all sub-sampling stages to maximise • Sample preparation was conducted at
representivity of samples. the LabWest Laboratory, Perth,
• Measures taken to ensure that the including sample sorting, drying,
sampling is representative of the in crushing and milling.
situ material collected, including for • Sample sorting: samples are weighed,
instance results for field and respective weights recorded. Any
duplicate/second-half sampling. reconciliation (extra samples,
• Whether sample sizes are appropriate
to the grain size of the material being
insufficient sample, missing samples)
is noted at this stage.
sampled. • Sample Drying (only required for wet
samples): Samples are dried in calico
bags in ovens at 105 deg C.
• Field duplicate samples were
collected at a rate of 1:50. Duplicate
results show an acceptable level of
variability for the material sampled and
style of mineralisation.
• Sample weights are recorded and
provided by the laboratory.
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.
• Original assaying of the soil samples
was conducted by LabWest, Perth, via
the Ultrafine+TMmulti-element
methodology utilizing aqua-regia
digestion.
• For geophysical tools, spectrometers, • As aqua-regia digestion is considered
handheld XRF instruments, etc, the sub-optimal for detecting lithium the
parameters used in determining the original Ultrafine+TMassay results were
analysis including instrument make deemed ineffective for the detection
and model, reading times, calibrations of lithium mineralisation.
factors applied and their derivation,
etc.
• The rejected soil sample pulps not
used by Labwest were subsequently
• Nature of quality control procedures collected and re-analysed with a pXRF
adopted (e.g. standards, blanks, unit involving a specialised “Li Index”
duplicates, external laboratory checks) function developed by Portable
and whether acceptable levels of Spectral Services Pty Ltd.
accuracy (i.e. lack of bias) and
precision have been established.
• The pXRF Unit used was a Bruker S1
Titan Handheld XRF Analyser.
• Portable XRF units are not capable of
directly resolving lithium.
• The pXRF Li Index provides a proxy for
Li content via a correlation with a suite
of five elements (Rb, Nb, Ta, Ga, and
Cs) that are resolvable by pXRF and
calibrated against certified reference
materials.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
The analytical quality control
procedures consisted of the inclusion
of a Certified Reference Material
(CRM) at a rate of 1:15.
The CRM used was OREAS148 with
the results showing consistency
throughout the sampling program.
QC analysis of the pXRF sample
results indicate that an acceptable
level of accuracy and precision has
been achieved and the database
contains no analytical data that has
been numerically manipulated.
All pXRF analysis results and QC data
have been independently verified by
an independent third party consultant,
Portable Spectral Services Pty Ltd.
The assaying techniques and quality
control protocols used are considered
appropriate for the data to be used for
reporting exploration soil
geochemistry results.
Verification
of sampling
and assaying
• The verification of significant
intersections by either independent or
alternative company personnel.
All sampling and pXRF data were
stored in a secure database with
restricted access.
• The use of twinned holes. Digital sample submission forms
• Documentation of primary data, data
entry procedures, data verification,
data storage (physical and electronic)
provided the sample identification
numbers accompanying each
submission to the laboratory.
protocols. All sampling, assaying and pXRF
• Discuss any adjustment to assay data. analysis documentation are validated
and stored off-site with an
independent third party.
pXRF analytical results with
corresponding sample identification
are loaded directly into the database.
No analytical result adjustments have
been applied.
Verification of the soil sample assay
results has been completed by
Portable Spectral Services Pty Ltd and
the Competent Person.
Location of
data points
• Accuracy and quality of surveys used
to locate drill holes (collar and down-
All soil sample locations (x-y) have
been recorded with a 64s Garmin
hole surveys), trenches, mine workings Handheld GPS with 3-5m accuracy
and other locations used in Mineral and height (z) relative to AHD.
Resource estimation. All sample location coordinates are
• Specification of the grid system used. provided in the Geocentric Datum of
• Quality and adequacy of topographic Australia (GDA94 Zone 50S).
control. RL data is verified utilising publicly
available SRTM-derived (~30m pixel)
Digital Elevation Model.
Data spacing
and
distribution
• Data spacing for reporting of
Exploration Results.
• Whether the data spacing and
Sample spacing: 100m along east west
lines; lines spaced 400m north-south
(MGA94).
distribution is sufficient to establish the No sample compositing is applied to
degree of geological and grade samples.
continuity appropriate for the Mineral
Resource and OreReserve estimation

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Criteria JORC Code explanation JORC Code explanation Commentary
procedure(s) and classifications
applied.
• Whether sample compositing has
been applied.
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.
• The strike of the geology is
approximately North-South to NE-SW
with variation dependent upon the
location within the exploration licence.
• Sample spacing and orientation is
• If the relationship between the drilling reconnaissance in nature and not
orientation and the orientation of key targeted at specific structures or
mineralised structures is considered to
known trends of mineralisation.
have introduced a sampling bias, this
should be assessed and reported if
material.
Sample
security
• The measures taken to ensure sample
security.
• Samples were secured in closed
polyweave sacks and stored at
company premises.
• All samples have been delivered direct
to the laboratory and company
premises via tracked TOLL freight
consignment.
Audits or
reviews
• The results of any audits or reviews of
sampling techniques and data.
• Due to the limited duration of the
program, no external audits or reviews
have been undertaken.

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
• Type, reference name/number,
location and ownership including
agreements or material issues
with third parties such as joint
• E 45/5146 is 100% owned by Kalamazoo
Resources Ltd and is in good standing with
no known impediments.
ventures, partnerships,
overriding royalties, native title
interests, historical sites,
wilderness or national park and
environmental settings.
• The security of the tenure held
at the time of reporting along
with any known impediments to
obtaining a licence to operate in
the area.
Exploration
done by other
parties
• Acknowledgment and appraisal
of exploration by other parties.
• The project area has been explored for
both alluvial and quartz-vein (nuggety) gold
mineralisation by numerous previous
parties.
• The results of this work including past
production is described in numerous
publicly available Geological Survey of WA
publications.
• Appraisal of the substantial volume of
historical exploration occurred during the
due diligence period and is ongoing.
Geology • Deposit type, geological setting • The company is targeting lithium-caesium-
and style of mineralisation. tantalum mineralisation hosted by granitic
pegmatites. None are currently known to
existwithinthe project.

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Criteria JORC Code explanation Commentary Commentary
• The DOM’s Hill Lithium Project contains
known alluvial and bedrock gold
occurrences typical of the East Pilbara
region.
Drill hole
Information
• A summary of all information
material to the understanding of
• Not applicable.
the exploration results including
a tabulation of the following
information for all Material drill
holes:
o easting and northing of the
drill hole collar
o elevation or RL (Reduced
Level – elevation above sea
level in metres) of the drill
hole collar
o dip and azimuth of the hole
o down hole length and
interception depth
o hole length.
• If the exclusion of this
information is justified on the
basis that the information is not
Material and this exclusion does
not detract from the
understanding of the report, the
Competent Person should
clearly explain why this is the
case.
Data
aggregation
methods
• In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
Significant Li-Index soil anomalies
were generated based upon statistical
dataset analysis using the ioGAS
truncations (e.g. cutting of high software application.
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.
Relationship
between
mineralisation
widths and
• These relationships are
particularly important in the
reporting of Exploration Results.
• The exact relationship of results reported
to any mineralisation present is unknown at
the time of reporting.
intercept • If the geometry of the
lengths mineralisation with respect to
the drill hole angle is known, its
nature should be reported.
• If it is not known and only the
down hole lengths are reported,
there should be a clear
statement to this effect (e.g.
‘down hole length, true width not
known’).

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Criteria JORC Code explanation Commentary
Diagrams • Appropriate maps and sections • As provided.
(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.
Balanced
reporting
• Where comprehensive reporting
of all Exploration Results is not
• Only significant pXRF analytical results
have been reported. Anomalous values
practicable, representative were based upon a statistical dataset
reporting of both low and high analysis using the ioGAS software
grades and/or widths should be application.
practiced to avoid misleading
reporting of Exploration Results.
Other
substantive
exploration
data
• Other exploration data, if
meaningful and material, should
be reported including (but not
limited to): geological
• No other exploration data to report.
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.
Further work • The nature and scale of planned • Field validation of significant soil
further work (e.g. tests for lateral geochemistry anomalies is planned. This
extensions or depth extensions practice will involve physically observing
or large-scale step-out drilling). each anomalous soil sample site to verify
• Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
its validity, record the site geology and to
ascertain whether it is in-situ material,
alluvial deposit, or otherwise contaminated
site.
areas, provided this information
isnot commercially sensitive.

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