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MINREX RESOURCES LIMITED — Capital/Financing Update 2021
Nov 16, 2021
65375_rns_2021-11-16_b48a1cfb-5cfb-4f5f-aa24-2d5401f6adbb.pdf
Capital/Financing Update
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ASX Code: MRR
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17 November 2021 ASX RELEASE
MINREX EXPANDS LITHIUM PORTFOLIO IN HIGHLY PROSPECTIVE PILBARA
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MinRex to acquire 100% of Odette Five Pty Ltd who holds exploration ground in the Pilbara region highly prospective for Lithium-Tin-Tantalum.
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Acquisition of 483km[2] of granted exploration licences across 4 projects within the highly prospective region of Pilbara, Western Australia, known for delineating some of the world largest lithium deposits.
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MinRex continues a Pilbara tenement acquisition plan to become an emergent lithium explorer with high-quality assets within a 70km radius of world-class Lithium and Tantalum producers Pilbara Minerals (ASX: PLS) Pilgangoora and Mineral Resources (ASX: MRL) Wodgina.
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A further 97 km[2 ] exploration licence applications are currently subject to a ballot across four projects including three tenements surrounding and adjoining Global Lithium (ASX:GLI) Archer Lithium Project near Marble Bar containing 10.1MT @1.1% Li.
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Analogues to the Wodgina and Pilgangoora world-class lithium projects.
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Lithium bearing pegmatites have been found largely within mafic sequences in contact with granitic intrusive at Pilgangoora, Wodgina and Mt Francisco in the eastern Pilbara.
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Soil sampling has delineated extensive high-tenor surface lithium anomalies proximal to the Twin Wells Tantalum Alluvial workings within E46/1380.
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Extensive outcropping pegmatites have been delineated and remain untested by exploration with no drilling completed).
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Strong evidence supports the geological model of such styles of potential lithium mineralisation to occur within the current exploration licence areas.
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Transaction terms include MinRex to issue, subject to shareholder approval, 86,437,470 shares to the shareholders of Odette Five Pty Ltd and Odette Five to become a wholly owned subsidiary of MinRex Resources.
MinRex Resources Limited ( ASX: MRR ) (“ MinRex ” or “ the Company ”) is pleased to announce that it has signed a term sheet with the major shareholders of private company, Odette Five Pty Ltd (Odette Five), to purchase 100% of the shares in Odette Five. Odette Five is focused on lithium pegmatite project generation in Western Australia, with its main focus in the Pilbara and has amassed a quality portfolio of advanced exploration assets.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Figure 1. Location map of Odette Five’s projects in the Pilbara
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Odette Five Acquisition
Odette Five was formed originally as a subsidiary of Odette Geoscience Pty Ltd―a project generator company focussed on applying proprietary data technologies to the Western Australia mineral exploration archive (WAMEX) and developing contemporary models to mineral targeting.
In early 2021 Odette Five conducted a Pilbara targeting exercise focussed on lithium-caesium-tantalum (LCT) pegmatite mineralisation. This work focused primarily on the aureoles of granites (the zone surrounding granite bodies), which are considered prospective for LCT pegmatites. Odette Five subsequently acquired a portfolio of assets that now includes four granted tenements, and a further three tenement applications in Pilbara region of Western Australia. In addition, Odette Five has two other tenement applications subject to ballot, in-close proximity to Sinclair lithium-caesium-tantalum pegmatites near Norseman in south-eastern Western Australia. Full tenement details are included in Appendix B.
MinRex CEO Mr Pedro Kastellorizos commented:
“The MinRex team are delighted with the Company’s strategy to acquire and explore the Company’s current Pilbara tenements and adding new projects like Odette’s ground. These projects have been carefully chosen by MinRex as part of its Pilbara tenement acquisition plan. At this stage we are extremely confident that we have the projects and team ready for exploration in the heart the eastern Pilbara lithium hotspot”.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Figure 2. Geology map based on the Geological Survey of Western Australia 1:500,000 scale map showing Odette Five projects in the Pilbara. Pinks = granitoids; greens = volcanic; purples = ultramafics; blues = sediments (Hamersley Basin)
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Geology and Mineralisation
The project area is situated in the east Pilbara Granite-Greenstone Terrane. The predominant rock type in the tenement area is Archean Granite with varying amounts of late-stage pegmatite fractionates. In the Pilbara region late-stage granites may be highly fractionated and act as the source for intrusion of rare metal pegmatites into the surrounding stratigraphy. These pegmatites may include spodumene bearing systems, as well as tin and tantalum mineralisation. These are the targeted minerals as well as the potential for Rare Earth Elements.
Granites of the Yule granitoid complex outcrop. They are dated between 2927 Ma. and the formation of the Fortescue group at 2719 Ma. (Smithies, 2002). These younger granites are key targets as source rocks in exploration for LCT (Lithium-Caesium-Tantalum) pegmatites. There are no active or historic lithium mines within the tenement area, however tin-tantalum dredging was carried out on the eastern bank of Beabea Creek (historic White Springs alluvial workings) and extensive alluvial sampling was undertaken by Bamboo Creek Gold in the southeast of the tenement.
Haystack Well, E46/1380 (Granted Tenure)
The Haystack Well Project is located approximately 100km south of Marble Bar and 260km southeast of Port Hedland, in the Pilbara Region of Western Australia. The tenement is approximately 57 square kilometres and is readily accessible via existing tracks from the Marble Bar Road.
The project consists of Archean sediments and volcanics intruded by the Bonney Downs and Golden Eagle granitoids, which are part of the highly prospective Mt Billroth and Split Rock Supersuite granitoids. The project includes historic tantalum alluvial workings (MINEDEX registration S0029250) - a strong indicator of localised LCT pegmatites). Previous exploration includes a soil survey conducted by Balx Pty Ltd (WAMEX Report A117068) and reconnaissance by Odette Five.
Soil sampling indicates two lithium in soil anomalies >200ppm Li (with assays up to 589ppm Li in soil) situated in the pegmatitic aureole surrounding the granite. Trace elements analysis indicates that the granite is zoned anomalous in tin-beryllium-niobium grading to lithium and caesium in the surrounding zone - a typical zonation pattern for lithium pegmatites.
The soil anomalies equate to ~2.9km of contact strike-length, yet the remaining ~20km of granite aureole zone is yet to be adequately sampled. Reconnaissance by Odette Five geoscientists revealed an extensive field of outcropping feldspar dominant pegmatites coincident with the lithium in soil anomaly. Previous exploration does not record any drilling on this project.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Figure 3. Geology map (GSWA 1: 500,000) and surface soil sampling at the Haystack Well Project
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Figure 4. A field of pegmatites at Haystack Well approximately 120.055[o] Long, 22.21[o] Lat (GDA94), View NE
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Figure 5. Outcropping feldspar rich pegmatites at Haystack Well
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Coondina South: E46/1381, E45/5850 - Granted Tenure
The Coondina South Project is located approximately 20km south of the historic Coondina Tin Field, and 18km north of the East Pilbara Iron Project/Cloud Break Mine owned by Fortescue Metals Group (FMG). The project consists of two tenements for a total of 292 square kilometres and is accessed from the Bonney Downs-Hillside Road.
The project consists of Archean volcanics and sediments intruded by the Bamboo Springs Monzogranite and Callina Supersuite granitoids. The project includes a tourmaline pegmatite occurrence (MINEDEX registration S0031938).
More than 30km of strike length of granitoid aureole zone is present. Prior to Odette Five, the project was held by Fortescue Metals Group (FMG) who conducted stream sediment sampling (WAMEX Reports A120127, A106955). The stream sediment sampling indicated that the pegmatite aureole is anomalous in lithium (>75ppm) with several individual assays >150ppm Li. These are considered a very high tenor for lithium and are comparable to the stream sediment anomalism surrounding the Pilgangoora Lithium Project. However, FMG explored the project primarily for channel iron deposits.
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Figure 6. Geology map (GSWA 1:500,000) at stream sediment samples at Coondina South (GDA94)
Coondina East: E45/5851 - Granted Tenure
The Coondina East Project is located approximately 5km east of the historic Coondina Tin Field. The project is hosted by Bamboo Springs Monzogranite and Callina Supersuite granitoids. A review of historic reports indicates that the project has not previously been explored for lithium.
Moolyella Projects: E45/5875, 5876, 5877 - Applications
The Moolyella Projects are located between 15 and 30km northeast of Marble Bar. Odette Five has three exploration applications in the Moolyella Projects, which are subject to a pending ballot with two other companies, to be drawn. The projects are in close proximity and share similar geology to Archer Lithium Deposit owned by Global Lithium Resources (ASX:GL1). They are located north and west of the historic Moolyella Tin Field and proximal to the historic Talga Tala Gold Field. The geology includes Callina Supersuite and Bishop Creek Monzogranite intruding sediments and ultramafic rocks.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Figure 8. Geology map (GSWA 1:500,000) and project locations at Moolyella (GDA94)
Other Projects - Exploration Licence Applications
In addition to the Pilbara Projects, Odette Five also has two exploration licence applications, E63/2109 and E15/1823 located in proximity to the Sinclair Caesium Deposit (LCT pegmatite) north of Norseman, in Western Australia. These tenements are subject to ballot.
Exploration potential
Large lithium deposits being exploited in the Pilbara in spodumene bearing pegmatites are a product of leucocratic late-stage granites in the east Pilbara terrain. Lithium bearing pegmatites have been found largely within mafic sequences in contact with granitic intrusives at Pilgangoora, Wodgina and Mt Francisco in the eastern Pilbara.
From the Western Australian Geological Survey, the current mapping suggests that there is strong potential for lithium bearing deposits to occur within the current exploration licence areas. The projects are considered early stage but can be accelerated quite rapidly through desktop initial targeting and aerial reinterpretation of geophysics/hyperspectral mapping and ground exploration activities. No exploration drilling into hard rock has ever been carried out anywhere within the Project areas.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Forward Strategy
Field mapping and surface soil/rock chip sampling will commence, to evaluate the lithium potential of the numerous pegmatites in all the areas. The soil geochemical surveys will be undertaken especially over areas covered with Cenozoic/Quaternary cover, using cutting-edge technology such as laser-induced breakdown spectroscopy or LIBS to provide real-time lithium assays that will help delineate concealed mineralisation as well as ALS Ionic Leach-a variant of MMI. Remote sensing, airborne geophysical surveys and structural targeting analysis will be undertaken.
This ASX announcement has been authorised for release by the Board of MinRex Resources Limited.
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For further information, please contact:
About MinRex Resources Limited
MinRex Resources Limited (ASX: MRR) is an Australian based ASX listed resources company with projects in the Lachlan Fold Belt (LFB) of NSW, a world-class gold-copper province and over the Marble Bar and Murchison Regions of WA. Currently the Company’s tenements package cover 619km2 of highly prospective ground targeting multi-commodities type deposits. Currently the company has JORC 2012 Resources totalling 352,213 oz gold.
Competent Persons Statement
The information in this report that relates to Exploration Targets and Exploration Results is based on information compiled by Pedro Kastellorizos. Mr. Kastellorizos is the Chief Executive Officer of MinRex Resources Limited and is a Member of the AusIMM of whom have sufficient experience relevant to the styles of mineralisation under consideration and to the activity being reported 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. Kastellorizos have verified the data disclosed in this release and consent to the inclusion in this release of the matters based on the information in the form and context in which it appears.
Forward Statement
This release includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning MinRex’s planned exploration programs and other statements that are not historical facts. When used in this release, the words such as “could”, “plan”, “estimate”, “expect”, “anticipate”, “intend”, “may”, “potential”, “should”, “might” and similar expressions are forward-looking statements. Although MinRex believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve known and unknown risks and uncertainties and are subject to factors outside of MinRex’s control. Accordingly, no assurance can be given that actual results will be consistent with these forward-looking statements.
References
GLENNIS, H., 2018/2020, Annual and Final Surrender Report for E46/1106 – Russian Jack Project, Western Australia: WAMEX Reference No. A117068 and A123763
SMITHIES, R. H., 2003, Geology of the White Springs 1:100 000 sheet: Western Australia Geological Survey, 1:100 000 Geological Series Explanatory Notes, 16p.
THORNE, A. M., and TRENDALL, A. F., 2001, Geology of the Fortescue Group, Pilbara Craton, Western Australia: Western Australia Geological Survey, Bulletin 144, 249p.6. Current Exploration Page 7 of 9 Printed: 14/10/2015
TRENDALL, A. F., 1990, Hamersley Basin, in Geology and mineral resources of Western Australia: Western Australia Geological Survey, Memoir 3, p. 163-190.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Appendix A Odette Project - Key Acquisition Terms
MinRex has entered into a binding term sheet to acquire all the issued capital of Odette Five Pty Ltd, who holds or holds rights via ballot to the tenements or tenement applications set out in Appendix B. The term sheet is between MinRex and shareholders of Odette Five holding 64.86% of the issued capital of Odette Five, who will procure that the remaining shareholders comply with the term sheet.
The acquisition is subject to MinRex shareholder approval, which will be sought at a general meeting of shareholder to be held before 16 February 2022.
The consideration payable by MinRex for the acquisition comprises 86,437,470 MinRex shares at a deemed issue price of $0.018 and the assumption of existing loans of Odette Five up to $150,000, payable at completion of the acquisition.
The term sheet otherwise contains representations, warranties and undertakings which are customary for an agreement of its nature.
Appendix B Odette Five Tenements
Odette Five granted exploration licence details:
| Tenement | Project Name |
**Holder ** | Status | Date of Grant |
Date of Expiry |
Blocks | Area SqKm |
|---|---|---|---|---|---|---|---|
| E 45/5851 | Coondina East |
ODETTE FIVE PTY LTD |
Granted | 18/08/2021 | 17/08/2026 | 42 | 133.8 |
| E 46/1381 | Coondina South (East) |
ODETTE FIVE PTY LTD |
Granted | 17/08/2021 | 16/08/2026 | 34 | 108.1 |
| E 45/5850 | Coondina South (West) |
ODETTE FIVE PTY LTD |
Granted | 18/08/2021 | 16/08/2026 | 58 | 184.5 |
| E 46/1380 | Haystack Well |
ODETTE FIVE PTY LTD |
Granted | 17/08/2021 | 17/08/2026 | 34 | 57.1 |
| 168 | 483.5 |
Odette Five exploration licence applications:
| Tenement | Project Name | **Holder ** | Status | Date of **Application ** |
Blocks | Area SqKm |
|---|---|---|---|---|---|---|
| E 45/5877 | Moolyella (Garden Ck) | ODETTE FIVE PTY LTD |
App (ballot) | 8/03/2021 | 6 | 19.24 |
| E 45/5876 | Moolyella (Tadg. Well) | ODETTE FIVE PTY LTD |
App (ballot) | 8/03/2021 | 6 | 19.23 |
| E 45/5875 | Moolyella (The Sisters) | ODETTE FIVE PTY LTD |
App (ballot) | 8/03/2021 | 10 | 32.05 |
| E 63/2109 | Twenty Five Mile Rocks |
ODETTE FIVE PTY LTD |
App (ballot) | 26/05/2021 | 4 | 11.65 |
| E 15/1823 | Wingarnie East | ODETTE FIVE PTY LTD |
App (ballot) | 26/05/2021 | 5 | 14.59 |
| **31 ** | 96.76 |
Appendix C: Historic Results
All results presented here are compiled from the Western Australia Mineral Report Exploration Archive (WAMEX). These are to be considered of a historic nature, and whilst all care has been taken in their compilation, they are used for exploration purposes and are subject to further validation by the Company. All data and original reports are available under the recorded ‘A’ number on https://www.dmp.wa.gov.au/WAMEX-Minerals-Exploration1476.aspx
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected] Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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Soil Sample Results Reported by Balx Pty Ltd for the Haystack Well Project sorted by Li. Coordinates in MGA94 Zone 51. Only results >100ppm Li reported here, with all results shown on the figures above.
| Sample ID | Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year | **Comp. ** | WAMEX File **Number ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPS212571 | 194294 | 7540090 | 3 | 25.9 | 589 | 13 | <2 | 4.4 | 2018 | BALX | A117068 |
| MPS212563 | 194196 | 7539637 | 2 | 15.53 | 544 | 15 | 2 | 1.4 | 2018 | BALX | A117068 |
| MPS212605 | 196276 | 7540879 | 2 | 23.44 | 338 | <10 | 4 | 2 | 2018 | BALX | A117068 |
| MPS212570 | 194321 | 7540012 | 2 | 11 | 336 | 16 | <2 | 3.9 | 2018 | BALX | A117068 |
| MPS212649 | 196600 | 7541840 | 1 | 15.1 | 307 | 14 | 2 | 1.4 | 2018 | BALX | A117068 |
| MPS212647 | 196757 | 7541520 | 1 | 8.2 | 291 | 11 | <2 | 1.3 | 2018 | BALX | A117068 |
| MPS212639 | 196759 | 7540886 | 1 | 25.1 | 287 | 12 | <2 | 1.4 | 2018 | BALX | A117068 |
| MPS212619 | 196279 | 7542003 | 2 | 7.95 | 277 | 16 | 4 | 2.7 | 2018 | BALX | A117068 |
| MPS212637 | 196441 | 7540802 | 2 | 9.37 | 271 | 14 | 3 | 1.6 | 2018 | BALX | A117068 |
| MPS212568 | 194415 | 7539884 | 1 | 11.33 | 270 | 15 | 2 | 1.5 | 2018 | BALX | A117068 |
| MPS212584 | 194535 | 7540263 | 2 | 21.02 | 254 | 13 | <2 | 2.8 | 2018 | BALX | A117068 |
| MPS212601 | 194615 | 7540709 | 11 | 29.41 | 254 | 22 | 11 | 11.5 | 2018 | BALX | A117068 |
| MPS212621 | 196439 | 7541921 | 1 | 10.63 | 246 | 13 | 3 | 1.4 | 2018 | BALX | A117068 |
| MPS212648 | 196758 | 7541600 | 1 | 10.72 | 243 | 14 | 3 | 2.1 | 2018 | BALX | A117068 |
| MPS212567 | 194460 | 7539822 | 2 | 10.64 | 242 | 16 | 2 | 1.8 | 2018 | BALX | A117068 |
| MPS212655 | 196603 | 7541362 | 4 | 13.76 | 240 | 13 | 2 | 1.7 | 2018 | BALX | A117068 |
| MPS212552 | 193738 | 7540291 | 7 | 50.49 | 227 | 19 | 5 | 3.8 | 2018 | BALX | A117068 |
| MPS212620 | 196437 | 7541998 | 2 | 14.37 | 223 | 13 | 4 | 1.8 | 2018 | BALX | A117068 |
| MPS212606 | 196278 | 7540958 | 2 | 12.88 | 220 | 14 | 3 | 1.9 | 2018 | BALX | A117068 |
| MPS212653 | 196599 | 7541519 | 3 | 15.38 | 218 | 14 | 3 | 1.9 | 2018 | BALX | A117068 |
| MPS212663 | 196598 | 7540800 | 1 | 6.99 | 215 | 16 | 3 | 1.7 | 2018 | BALX | A117068 |
| MPS212645 | 196759 | 7541360 | 2 | 13.29 | 213 | 13 | 3 | 1.8 | 2018 | BALX | A117068 |
| MPS212652 | 196599 | 7541600 | 2 | 9.31 | 212 | 13 | 3 | 1.7 | 2018 | BALX | A117068 |
| MPS212646 | 196758 | 7541443 | 1 | 12.37 | 211 | 13 | 3 | 1.6 | 2018 | BALX | A117068 |
| MPS212636 | 196435 | 7540885 | 2 | 19.97 | 207 | 14 | 4 | 2.5 | 2018 | BALX | A117068 |
| MPS212650 | 196603 | 7541762 | 2 | 8.59 | 205 | 14 | 2 | 1.6 | 2018 | BALX | A117068 |
| MPS212627 | 196442 | 7541441 | 4 | 13.31 | 204 | 25 | 6 | 5 | 2018 | BALX | A117068 |
| MPS212638 | 196758 | 7540801 | 2 | 9.18 | 201 | 14 | 3 | 1.6 | 2018 | BALX | A117068 |
| MPS212604 | 196279 | 7540801 | 2 | 16.96 | 201 | 16 | 4 | 2.1 | 2018 | BALX | A117068 |
| MPS212586 | 194627 | 7540135 | 2 | 11.09 | 200 | 17 | 3 | 2.7 | 2018 | BALX | A117068 |
| MPS212559 | 194057 | 7539830 | 3 | 31.19 | 194 | 12 | 2 | 1.2 | 2018 | BALX | A117068 |
| MPS212569 | 194366 | 7539953 | 2 | 9.67 | 193 | 15 | 2 | 1.9 | 2018 | BALX | A117068 |
| MPS212579 | 194307 | 7540595 | 4 | 40.98 | 188 | 19 | 3 | 18.9 | 2018 | BALX | A117068 |
| MPS212797 | 199559 | 7541163 | 6 | 8.57 | 186 | 17 | 4 | 3 | 2018 | BALX | A117068 |
| MPS212629 | 196439 | 7541280 | 7 | 11.37 | 182 | 20 | 7 | 4.6 | 2018 | BALX | A117068 |
| MPS212603 | 194523 | 7540837 | 6 | 26.98 | 180 | 17 | 6 | 6.5 | 2018 | BALX | A117068 |
| MPS212592 | 194983 | 7540182 | 1 | 4.77 | 176 | 15 | <2 | 1.7 | 2018 | BALX | A117068 |
| MPS212656 | 196601 | 7541278 | 3 | 15.14 | 175 | 16 | 4 | 2.7 | 2018 | BALX | A117068 |
| MPS212589 | 194760 | 7539938 | 1 | 4.62 | 166 | 12 | <2 | 0.9 | 2018 | BALX | A117068 |
| MPS212600 | 194662 | 7540645 | 7 | 20.37 | 165 | 22 | 4 | 11.6 | 2018 | BALX | A117068 |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
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| Sample ID | Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year | **Comp. ** | WAMEX File **Number ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPS212635 | 196433 | 7540961 | 4 | 26.47 | 162 | 15 | 3 | 2.4 | 2018 | BALX | A117068 |
| MPS212595 | 194844 | 7540383 | 1 | 13.77 | 161 | 11 | 3 | 1.6 | 2018 | BALX | A117068 |
| MPS212651 | 196602 | 7541679 | 1 | 9.39 | 160 | 15 | 3 | 1.7 | 2018 | BALX | A117068 |
| MPS212622 | 196436 | 7541842 | 2 | 12.01 | 159 | 15 | 3 | 1.8 | 2018 | BALX | A117068 |
| MPS212582 | 194444 | 7540396 | 5 | 35.28 | 157 | 20 | 4 | 23.3 | 2018 | BALX | A117068 |
| MPS212576 | 194043 | 7540406 | 5 | 32.41 | 156 | 18 | 4 | 9.3 | 2018 | BALX | A117068 |
| MPS212640 | 196760 | 7540962 | 1 | 14.62 | 155 | 11 | 2 | 1.4 | 2018 | BALX | A117068 |
| MPS212556 | 193920 | 7540030 | 4 | 17.43 | 154 | 16 | 4 | 2.7 | 2018 | BALX | A117068 |
| MPS212564 | 194246 | 7539569 | 1 | 13.39 | 152 | 14 | 3 | 1.2 | 2018 | BALX | A117068 |
| MPS212565 | 194502 | 7539754 | 2 | 6.94 | 152 | 18 | 3 | 2.7 | 2018 | BALX | A117068 |
| MPS212585 | 194586 | 7540200 | 1 | 10.33 | 151 | 17 | 4 | 2.9 | 2018 | BALX | A117068 |
| MPS212661 | 196600 | 7540949 | 7 | 28.77 | 147 | 24 | 7 | 7.8 | 2018 | BALX | A117068 |
| MPS212712 | 198598 | 7541480 | 7 | 11.86 | 146 | 20 | 5 | 8.7 | 2018 | BALX | A117068 |
| MPS212642 | 196757 | 7541121 | 7 | 25.87 | 146 | 36 | 9 | 8.9 | 2018 | BALX | A117068 |
| MPS212875 | 201159 | 7541719 | 1 | 2.58 | 145 | <10 | 3 | 1.6 | 2018 | BALX | A117068 |
| MPS212641 | 196759 | 7541044 | 4 | 25.87 | 143 | 15 | 3 | 3 | 2018 | BALX | A117068 |
| MPS212654 | 196604 | 7541440 | 4 | 15.44 | 143 | 14 | 3 | 2.5 | 2018 | BALX | A117068 |
| MPS212796 | 199559 | 7541237 | 6 | 13.14 | 143 | 17 | 6 | 3.6 | 2018 | BALX | A117068 |
| MPS212710 | 198599 | 7541324 | 11 | 28.3 | 140 | 51 | 8 | 15.4 | 2018 | BALX | A117068 |
| MPS212557 | 193962 | 7539959 | 3 | 27.4 | 139 | 15 | 3 | 1.8 | 2018 | BALX | A117068 |
| MPS212575 | 194091 | 7540339 | 4 | 25.45 | 139 | 18 | 4 | 7.5 | 2018 | BALX | A117068 |
| MPS212849 | 200521 | 7542040 | 6 | 19.8 | 138 | 23 | 15 | 6.9 | 2018 | BALX | A117068 |
| MPS212623 | 196442 | 7541760 | 4 | 13.18 | 137 | 20 | 6 | 3.4 | 2018 | BALX | A117068 |
| MPS212596 | 194805 | 7540450 | 3 | 22.85 | 136 | 12 | 2 | 3.5 | 2018 | BALX | A117068 |
| MPS212580 | 194357 | 7540525 | 5 | 32.59 | 135 | 18 | 4 | 11.2 | 2018 | BALX | A117068 |
| MPS212773 | 199239 | 7542119 | 4 | 27.25 | 134 | 18 | 7 | 3.9 | 2018 | BALX | A117068 |
| MPS212657 | 196594 | 7541201 | 8 | 20.39 | 133 | 40 | 11 | 12.5 | 2018 | BALX | A117068 |
| MPS212745 | 198918 | 7541157 | 9 | 12.68 | 133 | 61 | 17 | 22.6 | 2018 | BALX | A117068 |
| MPS212598 | 194708 | 7540578 | 7 | 23.05 | 133 | 21 | 5 | 17.5 | 2018 | BALX | A117068 |
| MPS212705 | 198598 | 7540919 | 2 | 5.45 | 131 | 11 | 3 | 1.7 | 2018 | BALX | A117068 |
| MPS212597 | 194755 | 7540511 | 4 | 19.2 | 131 | 16 | 2 | 7.4 | 2018 | BALX | A117068 |
| MPS212581 | 194397 | 7540459 | 5 | 29.69 | 130 | 17 | 4 | 21.6 | 2018 | BALX | A117068 |
| MPS212644 | 196754 | 7541283 | 2 | 14.66 | 129 | 14 | 3 | 2.2 | 2018 | BALX | A117068 |
| MPS212588 | 194719 | 7540002 | 1 | 6.75 | 128 | 13 | <2 | 1.2 | 2018 | BALX | A117068 |
| MPS212578 | 194260 | 7540657 | 4 | 28.31 | 127 | 14 | 3 | 9.7 | 2018 | BALX | A117068 |
| MPS212848 | 200520 | 7541958 | 5 | 17.98 | 127 | 12 | 4 | 3.8 | 2018 | BALX | A117068 |
| MPS212841 | 200522 | 7541396 | 5 | 12 | 126 | 12 | 6 | 2.5 | 2018 | BALX | A117068 |
| MPS212573 | 194176 | 7540211 | 5 | 22.73 | 126 | 18 | 4 | 9.4 | 2018 | BALX | A117068 |
| MPS212593 | 194935 | 7540250 | 2 | 11.29 | 125 | 19 | 4 | 2.7 | 2018 | BALX | A117068 |
| MPS212574 | 194134 | 7540275 | 4 | 27.03 | 124 | 17 | 5 | 7.4 | 2018 | BALX | A117068 |
| MPS212562 | 194160 | 7539709 | 2 | 16.76 | 123 | 13 | 2 | 1.4 | 2018 | BALX | A117068 |
| MPS212658 | 196600 | 7541120 | 5 | 10.98 | 123 | 17 | 8 | 3.8 | 2018 | BALX | A117068 |
| MPS212874 | 201158 | 7541640 | 3 | 3.38 | 123 | <10 | 3 | 2 | 2018 | BALX | A117068 |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Sample ID | Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year | **Comp. ** | WAMEX File **Number ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPS212704 | 198599 | 7540837 | 2 | 10.27 | 120 | 12 | 4 | 1.6 | 2018 | BALX | A117068 |
| MPS212863 | 200841 | 7542039 | 4 | 19.7 | 119 | 19 | 6 | 3.2 | 2018 | BALX | A117068 |
| MPS212900 | 201480 | 7541564 | 9 | 13.41 | 118 | 42 | 16 | 11.4 | 2018 | BALX | A117068 |
| MPS212554 | 193827 | 7540163 | 5 | 20.98 | 118 | 16 | 3 | 3.9 | 2018 | BALX | A117068 |
| MPS212558 | 194012 | 7539898 | 4 | 16.8 | 117 | 15 | 6 | 1.6 | 2018 | BALX | A117068 |
| MPS212828 | 200202 | 7542041 | 4 | 19.94 | 117 | 25 | 7 | 5.3 | 2018 | BALX | A117068 |
| MPS212662 | 196596 | 7540877 | 1 | 11.53 | 117 | 15 | 3 | 2.4 | 2018 | BALX | A117068 |
| MPS212577 | 193998 | 7540473 | 5 | 23.84 | 115 | 20 | 4 | 8 | 2018 | BALX | A117068 |
| MPS212713 | 198595 | 7541558 | 4 | 13.66 | 115 | 15 | 4 | 2.9 | 2018 | BALX | A117068 |
| MPS212877 | 201158 | 7541879 | 3 | 12.32 | 113 | 18 | 5 | 5.2 | 2018 | BALX | A117068 |
| MPS212587 | 194674 | 7540070 | 2 | 7.64 | 112 | 15 | 2 | 2 | 2018 | BALX | A117068 |
| MPS212561 | 194103 | 7539767 | 2 | 15.35 | 110 | 16 | 3 | 1.6 | 2018 | BALX | A117068 |
| MPS212659 | 196598 | 7541043 | 9 | 16.96 | 109 | 37 | 8 | 13.4 | 2018 | BALX | A117068 |
| MPS212831 | 200198 | 7541877 | 9 | 42.66 | 108 | 55 | 21 | 15.9 | 2018 | BALX | A117068 |
| MPS212553 | 193779 | 7540226 | 5 | 29.31 | 107 | 17 | 4 | 6.3 | 2018 | BALX | A117068 |
| MPS212738 | 198920 | 7541719 | 7 | 24.4 | 107 | 29 | 6 | 8.3 | 2018 | BALX | A117068 |
| MPS212632 | 196441 | 7541122 | 7 | 13.55 | 107 | 26 | 8 | 7.7 | 2018 | BALX | A117068 |
| MPS212815 | 199881 | 7542037 | 5 | 26.58 | 106 | 21 | 5 | 3.6 | 2018 | BALX | A117068 |
| MPS212893 | 201478 | 7542038 | 4 | 5.8 | 106 | 24 | 9 | 5.2 | 2018 | BALX | A117068 |
| MPS212743 | 198920 | 7541320 | 7 | 7.16 | 104 | 24 | 6 | 7.8 | 2018 | BALX | A117068 |
| MPS212607 | 196279 | 7541036 | 7 | 18.55 | 104 | 30 | 13 | 9.6 | 2018 | BALX | A117068 |
| MPS212903 | 201802 | 7541560 | 5 | 10.11 | 103 | 23 | 13 | 4.7 | 2018 | BALX | A117068 |
| MPS212902 | 201798 | 7541476 | 5 | 13.12 | 102 | 22 | 8 | 6.1 | 2018 | BALX | A117068 |
| MPS212572 | 194230 | 7540143 | 4 | 21.76 | 101 | 17 | 3 | 8 | 2018 | BALX | A117068 |
| MPS212555 | 193874 | 7540097 | 3 | 12.65 | 100 | 17 | 3 | 2.7 | 2018 | BALX | A117068 |
| MPS212624 | 196443 | 7541683 | 4 | 10.08 | 100 | 24 | 8 | 6.2 | 2018 | BALX | A117068 |
| MPS212618 | 196275 | 7541914 | 3 | 14.8 | 100 | 20 | 4 | 3.4 | 2018 | BALX | A117068 |
| MPS212631 | 196438 | 7541201 | 5 | 12.55 | 100 | 18 | 5 | 3.8 | 2018 | BALX | A117068 |
Stream Sediment Sample Results Reported by Fortescue Metals Group (FMG) for the Coondina South Project sorted by Li. Coordinates in MGA94 Zone 50. Only results >50ppm Li reported here, with all results shown on the figures above.
| Sample ID |
Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year Reported |
Company | WAMEX File Number |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XF010176 | 754347 | 7548850 | 1.4 | 9.7 | 177 | 10 | 2 | 0.6 | 2014 | FMG | A102008 |
| XF010764 | 753563 | 7550712 | 1.5 | 9.5 | 171 | 8 | 2 | 0.7 | 2014 | FMG | A102008 |
| XF010837 | 746098 | 7552265 | 1.2 | 5.7 | 153 | 9.5 | 2 | 0.8 | 2014 | FMG | A101692 |
| XF010918 | 748917 | 7551841 | 1.3 | 3.7 | 153 | 9 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010765 | 753176 | 7550855 | 1.7 | 11.6 | 148 | 10.5 | 2 | 0.8 | 2014 | FMG | A102008 |
| XF010814 | 743359 | 7550307 | 1 | 3.4 | 147 | 8 | 2 | 1.2 | 2014 | FMG | A101692 |
| XF010819 | 746978 | 7552044 | 1.3 | 9.4 | 147 | 10.5 | 2 | 1 | 2014 | FMG | A101692 |
| XF010914 | 747589 | 7553414 | 1.3 | 9.6 | 137 | 7.5 | 2 | 0.6 | 2014 | FMG | A101692 |
| XF010177 | 753633 | 7549863 | 1.3 | 7.4 | 137 | 11 | 3 | 0.5 | 2014 | FMG | A102008 |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Sample ID |
Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year Reported |
Company | WAMEX File **Number ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XF010767 | 752798 | 7550502 | 1.6 | 10.9 | 137 | 7 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010178 | 753753 | 7549825 | 1.1 | 9 | 135 | 10.5 | 3 | 0.6 | 2014 | FMG | A102008 |
| XF010186 | 754157 | 7549250 | 1.4 | 9.4 | 120 | 10.5 | 3 | 0.6 | 2014 | FMG | A102008 |
| XF010916 | 746573 | 7553557 | 1.4 | 9.8 | 114 | 9 | 2 | 1.3 | 2014 | FMG | A101692 |
| XF010816 | 746105 | 7551205 | 1.3 | 6.4 | 112 | 9.5 | 2 | 1.5 | 2014 | FMG | A101692 |
| XF010826 | 745382 | 7552911 | 1.3 | 9.3 | 107 | 9 | 2 | 0.8 | 2014 | FMG | A101692 |
| XF010812 | 744649 | 7549518 | 1.1 | 6.8 | 105 | 9 | 1 | 0.7 | 2014 | FMG | A101692 |
| XF010179 | 754065 | 7549479 | 1.7 | 15.3 | 103 | 11.5 | 3 | 1 | 2014 | FMG | A102008 |
| XF010820 | 746744 | 7552803 | 1.2 | 13.5 | 94 | 10 | 2 | 0.3 | 2014 | FMG | A101692 |
| XF010825 | 744369 | 7552610 | 1.1 | 9.8 | 92 | 10.5 | 2 | 0.5 | 2014 | FMG | A101692 |
| XF010828 | 745723 | 7553294 | 1.2 | 6.9 | 92 | 8.5 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010727 | 751731 | 7546637 | 1.1 | 9.4 | 90.5 | 9 | 2 | 0.7 | 2014 | FMG | A102008 |
| XF010392 | 770780 | 7545670 | 1 | 5.5 | 87.5 | 12.5 | 2 | 0.6 | 2014 | FMG | A102008 |
| XF010248 | 753270 | 7548947 | 1.1 | 9.4 | 83.5 | 13 | 2 | 0.7 | 2014 | FMG | A102008 |
| XF010467 | 773767 | 7546292 | 1.1 | 12.7 | 83.5 | 9.5 | -1 | 0.5 | 2014 | FMG | A102008 |
| XF010806 | 742169 | 7553604 | 1.2 | 7.3 | 82.5 | 9 | 2 | 0.6 | 2014 | FMG | A101692 |
| XF010813 | 743232 | 7549501 | 1.2 | 7.9 | 81.5 | 9.5 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010055 | 742664 | 7553653 | 1.3 | 7.6 | 81.5 | 12.5 | 2 | 0.9 | 2014 | FMG | A105327 |
| XF010805 | 740939 | 7553311 | 1.2 | 4.2 | 81 | 8 | 2 | 0.5 | 2014 | FMG | A101692 |
| XF010394 | 771138 | 7545444 | 0.8 | 5.5 | 81 | 10.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010777 | 748442 | 7552948 | 1.8 | 8.5 | 80.5 | 13 | 2 | 1 | 2014 | FMG | A101692 |
| XF010061 | 742630 | 7552343 | 1.2 | 9 | 80 | 10.5 | 2 | 0.5 | 2014 | FMG | A105327 |
| XF010468 | 773258 | 7546272 | 1.2 | 11 | 79 | 9.5 | -1 | 1 | 2014 | FMG | A102008 |
| XF010915 | 747298 | 7554089 | 1.4 | 13.7 | 78.5 | 8 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010059 | 743325 | 7552352 | 1.1 | 4.4 | 78 | 8 | 2 | 0.4 | 2014 | FMG | A105327 |
| XF010778 | 747987 | 7553037 | 0.7 | 5.3 | 76 | 6 | 1 | 0.4 | 2014 | FMG | A101692 |
| XF010291 | 764316 | 7547648 | 1.2 | 12.5 | 76 | 10.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010774 | 749769 | 7552857 | 2.4 | 8.9 | 75.5 | 15 | 3 | 1.7 | 2014 | FMG | A101692 |
| XF010293 | 764145 | 7547227 | 1.7 | 10.9 | 73.5 | 8.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010920 | 751637 | 7548430 | 1.6 | 10.2 | 73.5 | 12.5 | 2 | 1.5 | 2014 | FMG | A102008 |
| XF010807 | 742154 | 7552399 | 1.2 | 6 | 73 | 10.5 | 2 | 0.8 | 2014 | FMG | A101692 |
| XF010246 | 755135 | 7548494 | 1.7 | 11.1 | 72.5 | 13 | 3 | 1.2 | 2014 | FMG | A102008 |
| XF010298 | 766036 | 7548222 | 1.4 | 9 | 71.5 | 7.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010824 | 744022 | 7552783 | 1.2 | 4.2 | 71 | 8 | 2 | 2.3 | 2014 | FMG | A101692 |
| XF010251 | 753237 | 7548057 | 0.9 | 8.8 | 70.5 | 10 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010729 | 752284 | 7545792 | 1.7 | 25 | 70 | 13 | 2 | 1.1 | 2014 | FMG | A102008 |
| XF010294 | 764374 | 7547473 | 1.3 | 12.7 | 69.5 | 9.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010376 | 769040 | 7547058 | 1 | 7.3 | 69 | 9 | 2 | 0.6 | 2014 | FMG | A102008 |
| XF010917 | 747957 | 7551760 | 2.7 | 7.4 | 68.5 | 17.5 | 4 | 2.2 | 2014 | FMG | A101692 |
| XF010811 | 744304 | 7551548 | 1.1 | 5.5 | 67.5 | 9.5 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010886 | 746890 | 7549047 | 1.2 | 5.7 | 67.5 | 8.5 | 2 | 0.6 | 2014 | FMG | A101692 |
| XF010815 | 745559 | 7550508 | 1.3 | 4.7 | 66.5 | 8.5 | 2 | 0.6 | 2014 | FMG | A101692 |
| XF010369 | 768165 | 7547325 | 0.9 | 5.6 | 65 | 8 | 2 | 0.5 | 2014 | FMG | A102008 |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Sample ID |
Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year Reported |
Company | WAMEX File **Number ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XF010776 | 749079 | 7553270 | 2.1 | 7.9 | 64.5 | 21.5 | 3 | 2.3 | 2014 | FMG | A101692 |
| XF010296 | 765170 | 7547547 | 1.5 | 15.3 | 64.5 | 8.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010808 | 741633 | 7552300 | 1.2 | 5.7 | 64 | 9 | 2 | 0.6 | 2014 | FMG | A101692 |
| XF010375 | 768828 | 7546913 | 0.8 | 7.4 | 64 | 9 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010797 | 745391 | 7555520 | 2.3 | 9.5 | 63 | 16.5 | 3 | 1.4 | 2014 | FMG | A101692 |
| XF010270 | 754232 | 7544818 | 2.7 | 10.3 | 63 | 17.5 | 2 | 1 | 2014 | FMG | A102008 |
| XF010060 | 742630 | 7552343 | 1.1 | 6.1 | 62 | 13.5 | 2 | 1.1 | 2014 | FMG | A105327 |
| XF010823 | 744187 | 7554449 | 1.7 | 11.7 | 61.5 | 12.5 | 2 | 0.9 | 2014 | FMG | A101692 |
| XF010780 | 748311 | 7552023 | 2.1 | 9.1 | 61 | 13.5 | 3 | 1.3 | 2014 | FMG | A101692 |
| XF010290 | 762998 | 7547927 | 1.7 | 14.2 | 61 | 12 | 2 | 0.7 | 2014 | FMG | A102008 |
| XF010775 | 749635 | 7553433 | 2.4 | 8.3 | 60.5 | 18.5 | 3 | 1.3 | 2014 | FMG | A101692 |
| XF010803 | 737367 | 7550909 | 1.4 | 6.4 | 60.5 | 11.5 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010798 | 744230 | 7554690 | 2.3 | 13.7 | 58.5 | 17.5 | 4 | 1.6 | 2014 | FMG | A101692 |
| XF010818 | 746823 | 7551478 | 1.5 | 5.7 | 58.5 | 12 | 2 | 1.2 | 2014 | FMG | A101692 |
| XF010482 | 771569 | 7543847 | 1.2 | 3.4 | 58 | 9.5 | 1 | 0.4 | 2014 | FMG | A102008 |
| XF010225 | 756731 | 7547216 | 1 | 8.2 | 57 | 9 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010728 | 752293 | 7546054 | 1.6 | 7.5 | 57 | 11.5 | 2 | 1.5 | 2014 | FMG | A102008 |
| XF010779 | 748281 | 7552216 | 2.3 | 8 | 56.5 | 16.5 | 3 | 1.9 | 2014 | FMG | A101692 |
| XF010795 | 746603 | 7555343 | 2.6 | 8.2 | 56.5 | 16.5 | 3 | 1.4 | 2014 | FMG | A101692 |
| XF010817 | 746172 | 7551426 | 1.3 | 4.7 | 56.5 | 7.5 | 2 | 1.5 | 2014 | FMG | A101692 |
| XF010464 | 774399 | 7545669 | 1.4 | 6.4 | 56.5 | 8.5 | 1 | 0.5 | 2014 | FMG | A102008 |
| XF010295 | 765046 | 7547477 | 1.4 | 10.1 | 56 | 9 | 2 | 0.6 | 2014 | FMG | A102008 |
| XF010769 | 750386 | 7551300 | 2.2 | 8.2 | 55.5 | 12 | 3 | 1 | 2014 | FMG | A101692 |
| XF010254 | 753016 | 7547825 | 0.7 | 9.2 | 55.5 | 10.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010241 | 755014 | 7545678 | 1.2 | 11.2 | 55 | 12 | 3 | 0.8 | 2014 | FMG | A102008 |
| XF010919 | 751121 | 7548667 | 2 | 12.4 | 54.5 | 9.5 | 2 | 0.4 | 2014 | FMG | A101692 |
| XF010292 | 764076 | 7547281 | 1.3 | 12 | 54 | 8.5 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010368 | 768152 | 7547229 | 0.8 | 5.2 | 53.5 | 11 | 2 | 0.5 | 2014 | FMG | A102008 |
| XF010796 | 746516 | 7555034 | 2.3 | 9.8 | 53 | 16 | 3 | 1.6 | 2014 | FMG | A101692 |
| XF010885 | 745891 | 7547927 | 1.3 | 8 | 53 | 10.5 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010174 | 750399 | 7553856 | 2.6 | 8.7 | 52.5 | 14 | 3 | 1.2 | 2014 | FMG | A101692 |
| XF010253 | 752928 | 7547762 | 1.1 | 10.6 | 52.5 | 12 | 2 | 0.6 | 2014 | FMG | A102008 |
| XF010781 | 748962 | 7549509 | 1.1 | 5.3 | 52 | 8.5 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010794 | 746012 | 7555698 | 2.4 | 8.2 | 52 | 17 | 2 | 1.3 | 2014 | FMG | A101692 |
| XF010452 | 771165 | 7541758 | 1.6 | 3.3 | 52 | 12 | 1 | 0.6 | 2014 | FMG | A102008 |
| XF010484 | 771867 | 7543662 | 1.2 | 3 | 52 | 8.5 | 1 | 0.4 | 2014 | FMG | A102008 |
| XF010921 | 750527 | 7547683 | 1.8 | 14.1 | 51.5 | 12 | 2 | 0.7 | 2014 | FMG | A101692 |
| XF010476 | 772968 | 7543783 | 1.2 | 2.8 | 51.5 | 10.5 | -1 | 0.5 | 2014 | FMG | A102008 |
| XF010245 | 755246 | 7548295 | 1.6 | 12.8 | 51 | 12 | 3 | 0.9 | 2014 | FMG | A102008 |
| XF010454 | 771418 | 7541455 | 1.6 | 3 | 51 | 15 | 1 | 0.6 | 2014 | FMG | A102008 |
| XF010489 | 768830 | 7542725 | 1.3 | 8.4 | 50.5 | 9.5 | 2 | 0.6 | 2014 | FMG | A102008 |
| XF010172 | 749712 | 7554332 | 2.4 | 6.9 | 50 | 13 | 3 | 1.1 | 2014 | FMG | A101692 |
| XF010382 | 769907 | 7547419 | 1.3 | 8 | 50 | 12 | 2 | 0.8 | 2014 | FMG | A102008 |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Sample ID |
Easting | Northing | Be **ppm ** |
Cs **ppm ** |
Li **ppm ** |
Nb **ppm ** |
Sn **ppm ** |
Ta **ppm ** |
Year Reported |
Company | WAMEX File **Number ** |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XF010393 | 771157 | 7545537 | 1.4 | 10.8 | 50 | 13 | 2 | 0.7 | 2014 | FMG | A102008 |
| XF010474 | 773059 | 7545535 | 1.6 | 7.9 | 50 | 9.5 | -1 | 0.6 | 2014 | FMG | A102008 |
| XF010719 | 752066 | 7545054 | 1.5 | 16.3 | 50 | 10.5 | 2 | 0.9 | 2014 | FMG | A102008 |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
Appendix D
– JORC Code, 2012 Edition Table 1 report
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling | Nature and quality of sampling (eg cut channels, random chips, or | Haystack Well soil sampling:Results presented as reported by |
| techniques | specific specialised industry standard measurement tools appropriate | Balx Pty Ltd in WAMEX Report A117068 dated May 2018. |
| to the minerals under investigation, such as down hole gamma | Haystack soil sampleson 320m x 80m grid. | |
| sondes, or handheld XRF instruments, etc). These examples should | Haystack soil samplescollected from sieved 250micron at 10cm | |
| not be taken as limiting the broad meaning of sampling. | depth. | |
| Include reference to measures taken to ensure sample representivity | Haystack soil samples: on gridded soil samples, with uniform | |
| and the appropriate calibration of any measurement tools or systems | collection methods are considered representative for the nature of the | |
| used. | sample technique, though local variability related to soil thickness, | |
| Aspects of the determination of mineralisation that are Material to the | transported material, residual versus outcrop may apply. | |
| Public Report. | Coondina South stream sediment:Results presented as reported | |
| In cases where ‘industry standard’ work has been done this would be | by Fortescue Metals Group (FMG) in WAMEX annual reports | |
| relatively simple (eg ‘reverse circulation drilling was used to obtain 1 | A102008 (2014), A101692 (2014), A105327 (2014). | |
| m samples from which 3 kg was pulverised to produce a 30 g charge | Coondina South stream sediment:Selective sample of stream | |
| for fire assay’). In other cases more explanation may be required, | sediment in dry drainages, sieved -2mm. | |
| such as where there is coarse gold that has inherent sampling | ||
| problems. Unusual commodities or mineralisation types (eg | ||
| submarine nodules) may warrant disclosure of detailed information. | ||
| Drilling | Drill type (eg core, reverse circulation, open-hole hammer, rotary air | NA |
| techniques | 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 chip sample recoveries | NA |
| recovery | 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 geologically and | NA |
| geotechnically logged to a level of detail to support appropriate | ||
| Mineral Resource estimation, mining studies and metallurgical | ||
| studies. |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Criteria JORC Code explanation Commentary |
Criteria JORC Code explanation Commentary |
|---|---|
| Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length andpercentage of the relevant intersections logged. |
|
| Sub-sampling 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. 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. Haystack Well Soil Samples:Results presented as reported by Balx Pty Ltd in WAMEX Report A117068 Coondina South stream sediment:Results presented as reported by Fortescue Metals Group (FMG) in WAMEX annual reports A102008 (2014), A101692 (2014), A105327 (2014). Both soil and stream sediment are appropriate reconnaissance exploration techniques and are not to be considered as constituting a mineral deposit discovery. Stream sediment sampling collects a sample that is representative of the catchment of the stream. Soil sampling is subject to variable surface weathering and transported cover, however, in the case in Haystack, extensive zones of transported cover were not observed. |
|
| 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. Haystack Well Soil Samples:Results presented as reported by Balx Pty Ltd in WAMEX Report A117068 Haystack Well Soil Sampleswere analysed at MinAnalytical Laboratory in Perth for Sodium Peroxide Fusion in Nickel Crucible with ICPMS finish with lab code: LS:FUS25MS, LS:FS_ICPES. Haystack Well Soil Sampleswere analysedFUS25MS: Sodium Peroxide Fusion in Nickel Crucible with ICPMS finish • Elements - Ag, As, Ba, Be, Bi, Cd, Ce, Cs, Dy, Er, Eu, Ga, Gd, Hf, Ho, In, La, Li, Lu, Nb, Nd, Pb, Pr, Rb, Re, Sb, Se, Sm, Sn, Sr, Ta, Tb, Te, Th, Tl, Tm, U, W, Y, Yb, Zr FUS25OES: Sodium Peroxide Fusion in Nickel Crucible with ICPOES Finish • Elements - Al, Ca, Fe, K, Mg, P, S, Si, Ti, V Haystack Well Soil Samples:A total of 8 duplicates and 10 standards were reported. Coondina South stream sediment:Results presented as reported by Fortescue Metals Group (FMG) in WAMEX annual reports A102008 (2014), A101692 (2014), A105327 (2014). Coondina South stream sedimentreported as assayed by Ultratrace Laboratories in Perth using ICP (Induced Coupled Plasma) multi-element analysis. Au,Ag,As,Al2O3,B,Ba,Be,Bi,CaO,Cd,Ce,Co,Cs,Cr,Cu,Dy,Er,Eu,Fe2O 3,Ga,Gd,Ge,Hf,Hg,Ho,In,K2O,La,Li,Lu,Mo,MgO,MnO,Na2O,Nb,Nd,Ni ,P2O5,Pb,Pd,Pr,Pt,Rb,Re,S,Sb,Sc,Se,SiO2,Sm,Sn,Sr,Ta,Tb,Te,TiO2 |
|
| MinRex Resources Limited Tel+61 (08) 9481 0389 |
ABN81 151 185 867 Email[email protected] |
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
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ASX Code: MRR
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| ,Th,Tl,Tm,U,V,W,Y,Yb,Zn,Zr, | ||
| Verification of | The verification of significant intersections by either independent or |
Haystack Well Soil Samples: Results presented as reported by Balx |
| sampling and | alternative company personnel. | Pty Ltd in WAMEX Report A117068. Eight duplicates and ten |
| assaying | The use of twinned holes. | standards were recorded and are within expected variation. |
| Documentation of primary data, data entry procedures, data | COONDINA SOUTH:Results presented as reported by Fortescue | |
| verification, data storage (physical and electronic) protocols. | Metals Group (FMG) in WAMEX annual reports A102008 (2014), | |
| Discuss any adjustment to assay data. | A101692 (2014), A105327 (2014). Duplicates and laboratory | |
| standards used to maintain laboratory performance. | ||
| Location of | Accuracy and quality of surveys used to locate drill holes (collar and | Haystack Well Soil Samples:: Results presented as reported by |
| data points | down-hole surveys), trenches, mine workings and other locations | Balx Pty Ltd in WAMEX Report A117068. Recorded as Handheld |
| used in Mineral Resource estimation. | GPS with accuracy of 5m. All data points in GDA94 MGAZ50 | |
| Specification of the grid system used. | COONDINA SOUTH:Results presented as reported by Fortescue | |
| Quality and adequacy of topographic control. | Metals Group (FMG) in WAMEX annual reports A102008 (2014), | |
| A101692 (2014), A105327 (2014). Recorded as Handheld GPS with | ||
| accuracy of 5m. All data points in GDA94 MGAZ50 | ||
| Data spacing | Data spacing for reporting of Exploration Results. | Haystack Well Soil Samples:Results presented as reported by Balx |
| and | Whether the data spacing and distribution is sufficient to establish the | Pty Ltd in WAMEX Report A117068. Data collected on 80mx320m |
| distribution | degree of geological and grade continuity appropriate for the Mineral | grid overspecific areas. |
| Resource and Ore Reserve estimation procedure(s) and | COONDINA SOUTH:Results presented as reported by Fortescue | |
| classifications applied. | Metals Group (FMG) in WAMEX annual reports A102008 (2014), | |
| Whether sample compositing has been applied. | A101692 (2014), A105327 (2014). Data collected on select streams | |
| sediment locations. | ||
| Orientation of | Whether the orientation of sampling achieves unbiased sampling of | Haystack Well Soil Samples:Samples collected on zones parallel to |
| data in | possible structures and the extent to which this is known, considering | the contact with granitoid. |
| relation to | the deposit type. | COONDINA SOUTH:no geological structure taken into |
| geological | If the relationship between the drilling orientation and the orientation | consideration. |
| structure | of key mineralised structures is considered to have introduced a | |
| sampling bias, this should be assessed and reported if material. | ||
| Sample | The measures taken to ensure sample security. | Haystack Well Soil Samples:Results presented as reported by Balx |
| security | Pty Ltd in WAMEX Report A117068. Sample security unknown. | |
| COONDINA SOUTH:Results presented as reported by Fortescue | ||
| Metals Group (FMG) in WAMEX annual reports A102008 (2014), | ||
| All data has been compiled from open file reports by GeoBase Pty | ||
| Ltd,a specialistgeoscientific database company. Data is subject to |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
==> picture [157 x 57] intentionally omitted <==
ASX Code: MRR
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| internal consistency and security checks. | ||
| Audits or | The results of any audits or reviews of sampling techniques and data. | Haystack Well Soil Samples:Results presented as reported by Balx |
| reviews | Pty Ltd in WAMEX Report A117068. No recorded audit. | |
| Coondina South stream sediment:Results presented as reported | ||
| by Fortescue Metals Group (FMG) in WAMEX annual reports | ||
| A102008 (2014), A101692 (2014), A105327 (2014). | ||
| All data has been compiled from open file reports by GeoBase Pty | ||
| Ltd, a specialist geoscientific database company. Data is subject to | ||
| internal consistency and security checks. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral | Type, reference name/number, location and ownership including | As reported in Appendix B and the body of this report. All granted |
| tenement and | agreements or material issues with third parties such as joint |
tenements are in good standing |
| land tenure | ventures, partnerships, overriding royalties, native title interests, | |
| status | 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 | Acknowledgment and appraisal of exploration by other parties. | Haystack Well Soil Samples:Results presented as reported by Balx |
| done by other | Pty Ltd in WAMEX Report A117068. Data also reported by Balx Pty | |
| parties | Ltd in A123763 in May 2020. | |
| Coondina South stream sediment:Results presented as reported | ||
| by Fortescue Metals Group (FMG) in WAMEX annual reports | ||
| A102008 (2014), A101692 (2014), A105327 (2014). | ||
| Geology | Deposit type, geological setting and style of mineralisation. | Exploration is targeting lithium bearing pegmatites in the aureoles of |
| granites. This part of the Pilbara contains multiple Archean granites | ||
| intruding mafic volcanics and sediments. Pegmatites are emplaced | ||
| from extrusion of the granites into the surrounding country rock. This | ||
| work is looking for comparable targets to the Pilgangoora and | ||
| Wodgina styles of mineralization. |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Drill hole | A summary of all information material to the understanding of the | NA |
| Information | exploration results including a tabulation of the following information | |
| for all Material drill holes: | ||
o easting and northing of the drill hole collar |
||
o elevation or RL (Reduced Level – elevation above sea level in |
||
| metres) of the drill hole collar | ||
o dip and azimuth of the hole |
||
o down hole length and interception depth |
||
o hole length. |
||
| If the exclusion of this information is justified on the basis that the | ||
| information is not Material and this exclusion does not detract from | ||
| the understanding of the report, the Competent Person should clearly | ||
| explain why this is the case. | ||
| Data | In reporting Exploration Results, weighting averaging techniques, | NA |
| aggregation | maximum and/or minimum grade truncations (eg cutting of high | |
| methods | 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 | These relationships are particularly important in the reporting of | NA |
| between | Exploration Results. | |
| mineralisation | If the geometry of the mineralisation with respect to the drill hole |
|
| widths and | angle is known, its nature should be reported. | |
| intercept | If it is not known and only the down hole lengths are reported, there | |
| lengths | 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 | As per the body of the report |
| 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 | Where comprehensive reporting of all Exploration Results is not | All results are presented in the figures in the body of report. And |
| reporting | practicable, representative reporting of both low and high grades | samples greater than a designated cut-off are tabulated in Appendix |
| and/or widths should be practiced to avoid misleading reporting of | C. | |
| Exploration Results. |
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000
www.MinRex.com.au
ASX Code: MRR
==> picture [157 x 57] intentionally omitted <==
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Other | Other exploration data, if meaningful and material, should be reported | Haystack wellhas been visited by a competent person associated |
| substantive | including (but not limited to): geological observations; geophysical | with Odette Five and extensive pegmatites outcrop in the vicinity of |
| exploration | survey results; geochemical survey results; bulk samples – size and | the anomalous soil results. |
| data | method of treatment; metallurgical test results; bulk density, | Coondina Southhas not been visited by a competent person. |
| groundwater, geotechnical and rock characteristics; potential | However the results, when compared with mapping by the geological | |
| deleterious or contaminating substances. | survey, are anomalous within the context of a granitoid aureole zone | |
| for exploration of lithium bearing pegmatites. | ||
| Coondina Eastconsists of internal granitoids rather than aureole | ||
| zones. | ||
| Other tenements are applications and reportedin this release for | ||
| completeness. | ||
| Further work | The nature and scale of planned further work (eg tests for lateral | Haystack wellfollow up soil sampling and verification work, including |
| extensions or depth extensions or large-scale step-out drilling). | mapping and rock sampling, to be followed by drilling | |
| Diagrams clearly highlighting the areas of possible extensions, | Coondina Southfollow up soil sampling and verification work, | |
| including the main geological interpretations and future drilling areas, | including mapping and rock sampling, to be followed by drilling | |
| provided this information is not commercially sensitive. | Coondina Eastfollow up mapping and sampling | |
| Other tenements are applications and reportedin this release for | ||
| completeness and in the context of the Geological Survey of Western | ||
| Australian mapping as referenced. |
Section 3 Estimation and Reporting of Mineral Resources
(Criteria listed in section 1, and where relevant in section 2, also apply to this section.) Not applicable, as no Mineral Resource estimations are presented herein.
MinRex Resources Limited ABN 81 151 185 867 Tel +61 (08) 9481 0389 Email [email protected]
Level 11 216 St Georges Terrace Perth WA 6000 www.MinRex.com.au