LIVIUM LTD — Capital/Financing Update 2016

Dec 11, 2016

12 December 2016

ASX ANNOUNCEMENT

METALSTECH IPO GOES LIVE

LITHIUM AUSTRALIA SHAREHOLDERS PRIORITY OFFER NOW OPEN

Highlights

• Partnership with MetalsTech provides LIT with significant equity and technology leverage across six highly prospective hard rock lithium projects in Quebec

• LIT shareholders rewarded with a $1 million priority offer in MetalsTech IPO

• Lucrative licensing structure for LIT’s disruptive lithium processing technologies

It is with great pleasure that Lithium Australia NL (ASX: LIT) is able to invite shareholders to participate in the Initial Public Offer (IPO) and ASX Listing of MetalsTech Limited (MTC) through a priority offer.

Background of MetalsTech Limited

MTC was formed to identify, fund, acquire, explore and develop high grade hard rock lithium projects in Quebec, Canada.

Quebec is an attractive jurisdiction in which to pursue exploration and mining activities and has been consistently ranked in the top 10 mining jurisdictions globally by the Fraser Institute. It boasts clear and transparent mining regulations, well-developed infrastructure including road, rail and port as well as very low-cost power from one of the world’s largest hydro-electricity operations.

Quebec has a history of hard rock lithium production and has a track record in not only permitting new lithium mines, but co-investing alongside private enterprise through Investissement Quebec, a Quebec government funded initiative. All-in-all it is a mining friendly jurisdiction that has demonstrated strong support for the ‘lithium revolution’.

MTC has assembled a strong board and management team with significant Canadianspecific experience and a track record in discovering resource deposits. Funds raised under the MTC prospectus will allow the Company to accelerate exploration at the portfolio of Projects which MTC has a right to acquire.

A recent exploration program at the Cancet Lithium Project and the Adina Lithium Project has confirmed the presence of high grade lithium from channel sampling from surface. MTC currently plans to immediately follow up with a detailed drilling program at each Project with an aim to further advance these high priority projects.

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Figure 1 Location of MetalsTech lithium projects, Quebec province, Canada.

The Offer

MTC is seeking to raise up to $6,000,000 in fresh equity though the issue of up to 30,000,000 fully paid ordinary Shares in the Company at $0.20 per Share pursuant to the Replacement Prospectus lodged with ASIC on 7 December 2016 (the “Offer”). The Priority Offer is currently scheduled to close on 24 December 2016.

As part of the Offer, MTC is inviting existing LIT shareholders to take part in the capital raising, and has set aside 5,000,000 shares for LIT shareholders as at the Record Date of 15 December 2016 pursuant a Priority Offer. Existing LIT Shareholders at the Priority Offer Record Date, will be allocated Shares on a first come, first serve basis and subject to availability and the absolute discretion of MTC.

Your Directors consider the opportunity to invest in MTC is a great chance to participate in the significant exploration potential of the MTC projects, in a world-class operating jurisdiction, and we would encourage you to consider participating in this Prospectus offer.

Investment highlights associated with MTC include:

• experienced board of directors with significant expertise in operating and managing junior exploration companies;

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• focussed on exploration and development within the established and highly prospective lithium regions of Quebec in Canada: host to a number of prominent lithium developers building world-class mines to supply lithium carbonate and lithium hydroxide to a growing market for consumption in lithium based technologies and products;

• existing partnership and collaboration agreement with Lithium Australia NL for Sileach[TM] and LieNa[TM] as well as the further development of lithium extraction technology specific to the spodumene at the MTC projects;

• the projects are all located in the mining friendly jurisdiction of Quebec. Quebec is known for its significant mineral potential and a business climate that is very favorable to mining investment;

• Quebec offers ready access to Asia and Europe via its numerous deep-water ports;

• Quebec is the world’s fourth-largest producer of hydroelectricity. This renewable energy is supplied at competitive rates by a reliable distribution system that covers a large portion of the province;

• the Cancet Lithium Project is located approximately 185 kilometres east of La Grande and bisected by the Trans Taiga Highway with high voltage power in close proximity to the Project;

• a recent sampling program at the Cancet Lithium Project identified significant mineralised pegmatite dyke structures with samples returning results of up to 3.79% Li2O at surface (refer to Appendix A for the complete list of sample assay values);

• the Terre des Montagnes Lithium Project is located within the Whabouchi (Nemaska) region of Quebec and is contiguous with and along strike of the Whabouchi Spodumene Mine being developed by Nemaska Lithium Inc. (TSX.NMX), with reported NI 43-101 Measured and Indicated Resources of 27.9Mt @ 1.57% Li2O and Inferred Resources of 4.7Mt @ 1.51% Li2O. The Terre des Montagnes Lithium Project is proximal to the nearby Nemaska Whabouchi Spodumene Mine and the Nisk Property owned by Critical Elements Corp, which have both been extensively explored. Elevated niobium, tantalum, molybdenum and caesium grades occur in pegmatites in the northwest corner of the Project Indicating the Terre des Montagnes Lithium Project should be considered highly prospective for lithium;

• a recent sampling program conducted at the Adina Lithium Project exhibited significant results of up to 3.12% Li2O at surface (refer to Appendix A for the complete list of results from the sampling program);

• according to research recently completed by Deutsche Bank, global battery consumption is set to increase 5 times over the next 10 years, placing pressure on the battery supply chain and lithium market; and

• near term focus on drilling activities at Cancet Lithium Project, Adina Lithium Project and majority of the Wells-Lacourciere Lithium Project.

Applications can only be made using the Priority Offer Application Form attached to the Replacement Prospectus dated 7 December 2016 which can be downloaded from:

http://www.metalstech.net/investors/prospectus/

Offer Timetable

The key information relating to the Offer is set out below.

Indicative timetable*

Indicative timetable*
Lodgement of original prospectus with the ASIC	24 November 2016
Priority Offer Record Date	15 December 2016
Lodgement of replacement prospectus with the ASIC	7 December 2016
Opening Date	9 December 2016
Closing Date for Priority Offer	24 December 2016
Closing Date of Public Offer	21 December 2016
Despatch of holding statements	9 January 2017
Expected date for quotation on ASX	30 January 2017

* The above dates are indicative only and may change without notice. The Exposure Period may be extended by ASIC by not more than 7 days pursuant to Section 727(3) of the Corporations Act. The Company reserves the right to extend the Closing Date or close the Offer early without notice.

Adrian Griffin

Managing Director Mobile +61 (0) 418 927 658 Adrian.Griffin@lithium-au.com

About Lithium Australia

Lithium Australia NL is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ process for the recovery of lithium from silicates. LIT has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory. LIT aspires to create the union between resources and the best available technology and to establish a global lithium processing business.

MEDIA CONTACT:

Adrian Griffin Lithium Australia NL 08 6145 0288 | 0418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631 Gino D’Anna MetalsTech Limited 0400 408 878 | gino@metalstech.net

MetalsTech Limited – Competent Person Statement

Wells-Lacourciere Lithium Project

Mr Case Lewis, PGeo, a qualified person under NI 43-101, has reviewed and verified the technical information provided in this announcement. Any information in this announcement that relates to historical resources, resource estimates or exploration results, is based on information compiled by Mr Case Lewis, PGeo, who is a Member of the Association of Professional Geoscientists of Ontario (member #2444) and a registered Professional with the Ordre de Geologues du Quebec (member #1904) (a Recognised Overseas Professional Organisation (‘ROPO’) included in a list promulgated by the ASX from time to time). Mr Lewis is a Consultant Geologist to MetalsTech Limited and LiGeneration Limited. Mr Lewis 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 Lewis consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Cancet and Adina Lithium Projects

The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Jody Dahrouge, PGeo, is a Competent Person who is a Professional Geologist registered with the Association of Professional Engineers and Geoscientists of Alberta, in Canada. Mr. Jody Dahrouge, PGeo, is the principal and founder of Dahrouge Geological Consulting Ltd. (Dahrouge). Dahrouge Geological Consulting Ltd. and all competent persons are independent from the issuer of this statement, MetalsTech Limited. Mr. Jody Dahrouge has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Jody Dahrouge consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Appendix A: Lithium Analytical Results as compiled by MTC

Wells-Lacourciere Lithium Project

Sample	Description	Li2O (%) (calculated)	Easting	Northing
P269801	Pegmatite Control sample	0.00	5328780	686978
P269802	Rusty zone Channel zone from surroundinghost rock	0.01	5328776	686980
P269803		0.20	5329431	687458
P269804		0.16	5329457	687330
P269805	Bulk sample centre coordinate(~10m circumference)	2.67	5329637	687484
P269806		0.01	5329640	687473
P269807	"Representative sample" from OC location, taken along historical channel samples	0.12	5329637	687471
P269808	Sample ofgreen spodumene crystal	7.34	5329637	687471
P269809	Sample on the outside of the main mineralised zone	0.18	5329637	687471

Note: Li2O values in this report were calculated using the following equation, using Li values from assay results: % Li2O = % Li * 2.153.

Coordinate System: NAD 83 UTM Zone 17N.

Adina Lithium Project

Sample	Description	Li2O (%) (calculated)	Easting	Northing
126501	Spodumene (20-25%, xtls are 5-20 cm laths, randomly oriented), tourmaline (5%, concentrated), qtz (10%), ap (trace)	1.58	667071	5907982
126502	Spodumene (10%, xtls up to 40 cm in length, pale green), tourmaline rich (20% areas), qtz (15-20%), alkali fsp, ap (trace,vibrant blue),redgarnet(trace,1%)	1.67	667433	5908253
126503	Spodumene (5% overall, locally 15-20%, ~2-5 cm), ap (up to 20% locally), tourmaline (10%), qtz and alkali fsp is the rest	1.19	667572	5908305
126504	Spodumene (~10% total, locally 15-20%, ~3-20 cm), ap (15%), tourmaline (5-40%, local segregation), rest is qtz and alkali feldspar	0.50	667559	5908296
126505	Spodumene,tourmaline,ap, qtz,alkali fsp	2.43	667622	5908314
126506	Spodumene, qtz,ap,tourmaline,alkali fsp	1.79	667705	5908219
126507	Spodumene (10-15%, 5-15 cm), ap, qtz, alkali fsp, tourmaline	3.12	667665	5908203
126508	Spodumene (~5%, 3-5 cm), qtz (20%), garnet (trace), ap (~5%),alkali fsp (some looksgreybluish)	0.35	667504	5908174
126509	Spodumene (<5%, observed ~15 cm), tourmaline (5-10%), qtz(20%),alkali fsp, garnet(trace),ap (trace)	0.24	667425	5908150
126510	Spodumene (total is 5-10%, locally 15-20%, 2-10 cm, weathering red), tourmaline (c.g. and f.g., 5%, locally 15%),rest is alkali fsp (bluishgrey),ap (~10%)	0.44	667411	5908135
126511	Spodumene (10-15%, ~5-7cm, locally 20%), tourmaline (5%), qtz(15%),rest is alkali fsp	2.08	667260	5907885

Cancet Lithium Project

Sample	Description	Li2O (%) (calculated)	Easting	Northing
121051	Metavolcanic. Black,fine crystals,amphibole,chlorite,biotite,hard	0.01	506606	5928178
121052	Metavolcanic. Black,fine crystals,amphibole,chlorite,biotite,hard	0.01	506429	5928111
121053	Pegmatite. White, qtz, plag,muscovite,spodumene(upto 15 cm)	1.85	506187	5927955
121054	Pegmatite. White, qtz, plag, muscovite, spodumene (average 20 cm, upto 60 cm)	1.94	506152	5927943
121055	Pegmatite. White, qtz, plag, muscovite, spodumene (average 20 cm, upto 60 cm)	3.79	506112	5927887
121056	Metavolcanic. Black,fine crystals,amphibole,chlorite,biotite	0.01	505903	5928074
121057	Metavolcanic. Black,fine crystals,amphibole,chlorite,biotite	0.01	505969	5927842
121058	Pegmatite. White, qtz, plag,muscovite,spodumene(coarse crystals)	1.71	506097	5927888
121059	Metavolcanic. Black, fine crystals, chlorite, amphibole, biotite, chalcopyrite,magnetic,weathered rustyorange	0.00	505834	5927794
121060	Metavolcanic. Black, amphibole, chlorite, biotite, possible garnet, some silicification,weathered rustybrown	0.01	505708	5927866

JORC Code, 2012 Edition – Table 1 (as compiled by MTC) Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	JORC Code explanation	Commentary
Sampling		Nature and quality of sampling (eg cut	No drilling completed to date.
techniques		channels, random chips, or specific
		specialised industry standard measurement
		tools appropriate to the minerals under	Rock samples comprise multiple chips considered to be representative of
		investigation, such as down hole gamma	the horizon or outcrop being sampled.
		sondes, or handheld XRF instruments, etc).
		These examples should not be taken as
		limiting the broad meaning of sampling. Include reference to measures taken to	Samples submitted for assay typically weigh 2-3 kg.
		ensure sample representivity and the
		appropriate calibration of any measurement tools or systems used. Aspects of the determination of	Continuous channel sampling of trenching ensures the samples are representative. Entire 2-3 kg sample is submitted for sample preparation.
		mineralisation that are Material to the Public
		Report.
		In cases where ‘industry standard’ work has
		been done this would be relatively simple (eg
		‘reverse circulation drilling was used to obtain
		1 m samples from which 3 kg was pulverised
		to produce a 30 g charge for fire assay’). In
		other cases more explanation may be
		required, such as where there is coarse gold
		that has inherent sampling problems.
		Unusual commodities or mineralisation types
		(eg submarine nodules) may warrant
		disclosure of detailed information.
Drilling techniques		Drill type (eg core, reverse circulation, open-	No drilling completed.
		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). _
Drill sample		Method of recording and assessing core and	Not applicable.
recovery		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.
Logging		Whether core and chip samples have been	All trenches sampled are logged continuously from start to finish with key
		geologically and geotechnically logged to a	geological observations recorded.
		level of detail to support appropriate Mineral
		Resource estimation, mining studies and
		metallurgical studies.	Logging is quantitative, based on visual field estimates.
		Whether logging is qualitative or quantitative
		in nature. Core (or costean, channel, etc)
		photography.
		The total length and percentage of the
		relevant intersections logged.
Sub-sampling		If core, whether cut or sawn and whether	Sample preparation follows industry best practice standards and is
techniques and		quarter, half or all core taken.	conducted by internationally recognised laboratories, either SGS
sample		If non-core, whether riffled, tube sampled,	Laboratories in Lakefield, Ontario or Activation Laboratories Ltd in Val
preparation		rotary split, etc and whether sampled wet or	d’Or, Quebec.
		dry.
		For all sample types, the nature, quality and
		appropriateness of the sample preparation	Oven drying, jaw crushing and pulverising so that 85% passes 75 microns.
		technique.
		Quality control procedures adopted for all
		sub-sampling stages to maximise	Blanks have been submitted every 50 samples to ensure there is no cross
		representivity of samples.	contamination from sample preparation.
		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	Measures taken include (a) systematic sampling across whole pegmatite zone; (b) comparison of actual assays for blanks with theoretical values.
		grain size of the material being sampled.

Criteria	JORC Code explanation	JORC Code explanation	Commentary
			Sample size (2-3 kg) accepted as general industry standard.
Quality of assay		The nature, quality and appropriateness of	Assay and laboratory procedures have been selected following a review of
data and		the assaying and laboratory procedures used	techniques provided by internationally certified laboratories. In addition,
laboratory tests		and whether the technique is considered	the sample preparation laboratory in Quebec and Ontario is regularly
		partial or total.	visited to ensure high standards are being maintained.
		For geophysical tools, spectrometers,
		handheld XRF instruments, etc, the
		parameters used in determining the analysis	Samples are submitted for multi-element analysis by Activation
		including instrument make and model,	Laboratories and SGS Laboratories. Where results exceeded upper
		reading times, calibrations factors applied	detection limits for Li and/or Ta, samples are re-assayed.
		and their derivation, etc.
		Nature of quality control procedures adopted
		(eg standards, blanks, duplicates, external laboratory checks) and whether acceptable	The final techniques used are total.
		levels of accuracy (ie lack of bias) and
		precision have been established.	None used.
			Barren granitic material is submitted every 50 samples as a control.
			Comparison of results indicates good levels of accuracy and precision. No
			external laboratory checks have been used.
Verification of		The verification of significant intersections by	None undertaken.
sampling and		either independent or alternative company
assaying		personnel.
		The use of twinned holes.	Not applicable.
		Documentation of primary data, data entry
		procedures, data verification, data storage	All field data is manually collected, entered into excel spreadsheets,
		(physical and electronic) protocols.	validated and loaded into an Access database.
		Discuss any adjustment to assay data.	Electronic data is stored in Quebec. Data is exported from Access for processing by a number of different software packages.
			All electronic data is routinely backed up.
			No hard copy data is retained.
			None required.
Location of data		Accuracy and quality of surveys used to locate	All trench start points and geochemical samples are located using a hand
points		drill holes (collar and down-hole surveys),	held GPS.
		trenches, mine workings and other locations
		used in Mineral Resource estimation.
		Specification of the grid system used.	Trenches are surveyed using hand held compass and clinometer.
		Quality and adequacy of topographic control.
			The grid system used is UTM. However, for reporting purposes and to
			maintain confidentiality, local coordinates are used for reporting.
			Nominal RL’s based on topographic datasets are used initially, however,
			these will be updated if DGPS coordinates are collected.
Data spacing and		Data spacing for reporting of Exploration	Only reconnaissance trenching and sampling completed – spacing variable
distribution		Results.	and based on outcrop location and degree of exposure.
		Whether the data spacing and distribution is
		sufficient to establish the degree of geological
		and grade continuity appropriate for the	Not applicable.
		Mineral Resource and Ore Reserve estimation
		procedure(s) and classifications applied.
		Whether sample compositing has been	None undertaken.
		applied.
Orientation of data		Whether the orientation of sampling achieves	Sampling completed at right angles to interpreted trend of pegmatite
in relation to		unbiased sampling of possible structures and	units.
geological		the extent to which this is known, considering
structure		the deposit type.
		If the relationship between the drilling	None observed.
		orientation and the orientation of key
		mineralised structures is considered to have
		introduced a sampling bias, this should be
		assessed and reported if material.
Sample security		The measures taken to ensure sample	Geological team supervises all sampling and subsequent storage in the
		security.	field. The same geological team delivers the samples to Activation
			Laboratories or SGS Laboratories and receives an official receipt of

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				delivery.
Audits or reviews		The results of any audits or reviews of		None completed.
		sampling techniques and data.
Section 2 Reportingof Exploration Results
Criteria	JORC Code explanation			Commentary
Mineral tenement		Type, reference name/number, location and		MetalsTech has the right to acquire 100% of the Wells-Lacourciere,
and land tenure		ownership including agreements or material issues		Cancet and Adina lithium projects pursuant to three separate
status		with third parties such as joint ventures,		binding acquisition agreements.
		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	There are no other material issues affecting the tenements.
		obtaining a licence to operate in the area.		Upon the completion of the obligations pursuant to the legal
				agreements, MetalsTech will own 100% of the lithium projects and
				ownership of the individual CDC claims will be transferred to
				MetalsTech.
				All tenements are in good standing and have been legally validated
				by a Quebec lawyer specialising in the field.
Exploration done		Acknowledgment and appraisal of exploration by		No modern exploration has been conducted.
by other parties		other parties.		Government mapping records multiple lithium bearing pegmatites
				within the project areas but no other data is available.
Geology		Deposit type, geological setting and style of		Wells-Lacourciere
		mineralisation.		The Property area is primarily underlain by rocks of the Late
				Archean Pontiac Subprovince. Underlying the majority of the
				Property is the Decelles Reservoir Batholith, which comprises
				granite, pegmatite, tonalite, and granodiorite. The northwestern
				edge region of the Property is underlain by monzodiorites of the Lac
				Fréchette pluton. Both of these units intrude into wacke, mudrock
				and schists of the Pontiac group, which strike approximately 255°
				and dip at 40°. The Pontiac group also locally exhibits basalts and
				ultramafic rocks, namely in the northeastern portion of the claim
				block. Amphibolite dikes and ultramafic intrusions have been
				identified throughout the Lac Fréchette pluton and the rocks of the
				Pontiac group. (GM 14918)
				The pegmatite dike at the Wells-Lacourciere occurrence outcrops in
				a large hill of granite on the west side of the road passing by the
				occurrence. It strikes 310° and dips steeply to the north. It is
				traceable along surface for a distance of about 600 metres, while its
				width varies from 8 to 15 metres.
				Adina
				Several spodumene-bearing pegmatite outcrops were located and
				chip sampled. Together, the outcrops sampled span a strike length
				of about 680 metres. The length of the pegmatite is likely longer,
				but available time limited the amount of prospecting along strike.
				The outcrops contained large green spodumene crystals averaging 5
				to 15 cm in length, with some crystals up to 40 cm. Visual estimates
				of spodumene range between 5% and 20%, and locally up to 25%.
				There is some country rock (metavolcanics and metasediments)
				within the mapped outcrop area. The 2014 regional mapping that
				displays the pegmatite as a coherent block is somewhat misleading
				as although it is the dominant rock type, there are also inter-
				fingerings/rafts of the country rock present in the area. It should be
				noted that the ridge containing the spodumene-bearing outcrop
				continues for an additional three kilometres to the southwest within
				the active claims held by MetalsTech.
				Cancet
				The historically sampled outcrop, as well as three additional
				proximal outcrops of white pegmatite, was located and chip
				sampled. All four outcrops, spaced over 120 m, displayed large
				green spodumene crystals averaging 15-20 cm in size, with some
				crystals as large as 60 cm. These values are significantly higher than
				the historic results, likely due to inaccurate historic sampling
				techniques. As an example,when the exact location of the historic

Criteria	JORC Code explanation	JORC Code explanation	Commentary
			sample was identified, it initially appeared that the sampled outcrop
			lacked any obvious spodumene crystals. As the pegmatite was
			difficult to sample with a hammer and chisel, it is likely that the
			historic sampler just took one piece of outcrop that was easiest to
			break off, resulting in a negatively biased sample.
Drill hole		A summary of all information material to the	See tables and / or appendices attached to this report.
Information		understanding of 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		In reporting Exploration Results, weighting	Intercepts are calculated on a per sample basis according to the
methods		averaging techniques, maximum and/or minimum	results from the laboratory with no bottom cut-off grade and no top
		grade truncations (eg cutting of high grades) and	cut-off grades.
		cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short	Short intervals of high grade that have a material impact on overall intersection are highlighted separately.
		lengths of high grade results and longer lengths of
		low grade results, the procedure used for such
		aggregation should be stated and some typical	None reported.
		examples of such aggregations should be shown in
		detail.
		The assumptions used for any reporting of metal
		equivalent values should be clearly stated.
Relationship		These relationships are particularly important in the	The relationship between true widths and the width of mineralised
between		reporting of Exploration Results.	zones intersected in trenching has not yet been determined due to
mineralisation		If the geometry of the mineralisation with respect to	lack of structural data (i.e. dip).
widths and		the drill hole angle is known, its nature should be
intercept lengths		reported.
		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	None included.
		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 for all sampling completed are listed in Appendix A attached
		Results is not practicable, representative reporting	to the body of this report.
		of both low and high grades and/or widths should
		be practiced to avoid misleading reporting of
		Exploration Results.
Other substantive		Other exploration data, if meaningful and material,	All meaningful and material data is reported.
exploration data		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.
Further work		The nature and scale of planned further work (eg	Detailed geochemistry and geology to determine trends of known
		tests for lateral extensions or depth extensions or	mineralised zones and to delineate other Li and Ta anomalies.
		large-scale step-out drilling). Diagrams clearly highlighting the areas of possible	Further trenching to determine structural orientation of pegmatites.
		extensions, including the main geological	Drilling.
		interpretations and future drilling areas, provided
		this information is not commercially sensitive.