VANADIUM RESOURCES LIMITED — Regulatory Filings 2017

Nov 8, 2017

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9 November 2017

Mt SYDNEY VTEM SURVEY CONTRACTED

• Geotech Airborne Pty Ltd has been formally contracted to complete a VTEMmax survey at Tando’s Mt Sydney Project located in the Pilbara.

• Airborne survey is scheduled to commence in late November.

• Survey will commence at a similar time to the maiden drilling programme by Rumble Resources at the adjacent Braeside Project.

• Rumble Resources completed a VTEMmax survey at Braeside earlier in 2017 which detected multiple conductors associated with regional base metal trends[1] .

• These structural trends continue into the Mt Sydney Project.

1 Refer ASX.RTR Announcement 4 September 2017

Tando Resources Limited ( Tando or the Company ) is pleased to advise that it has now formally contracted Geotech Australia Pty Ltd to complete a VTEMmax airborne electromagnetic ( AEM ) survey across its Mt Sydney Project in the East Pilbara.

VTEMmax is one of the highest resolution and signal-to-noise ratio AEM systems and is a proven exploration tool in discovering large scale base metal deposits.

The VTEMmax system was used by Rumble Resources ( Rumble ) to complete a survey at the adjacent Braeside Project in early 2017. The VTEM survey highlighted a multitude of conductors associated with the identified regional base metal trends. Rumble commented in its ASX Announcement of 4 September 2017:

• “Based on the earlier litho-geochemistry work competed by Rumble which identified the VMS potential of the project, the newly defined conductors represent first order VMS targets”.

The Mt Sydney Project lies immediately south of the Braeside Project, with the same structures and lithologies which host mineralisation at the Braeside Project extend into the Company’s Mt Sydney Project. Figure 1 shows the location of the Mt Sydney and Braeside Projects over the regional scale bedrock geology interpretation and open file aeromagnetic data (both sourced from the Geological Survey of WA).

The survey is now scheduled to commence in late November, following completion of another survey, which is around the time that Rumble intends to commence its maiden drill programme at Braeside (refer ASX.RTR Announcement 30 October 2017).

The Company will provide a further update once Geotech mobilise to site.

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Figure 1 . Figure showing Tando’s Mt Sydney Project and RTR’s Braeside Project including conductors detected in the recent VTEM survey (RTR.ASX Announcement 4 September 2017). From L to R – Geology, Aeromagnetic image with interpreted structures, Aeromagnetic image only (RTP, GSWA open file data).

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For and on behalf of the Board

Bill Oliver

Managing Director

Tando Resources Contact Information:

Suite 2, 1 Altona St West Perth WA 6005 +61 8 6559 1792

contact@tandoresources.com.au www.tandoresources.com.au

Competent Persons Statement

The information in this announcement that relates to Exploration Results complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( JORC Code ) and has been compiled and assessed under the supervision of Mr Bill Oliver, the Managing Director of Tando Resources Ltd. Mr Oliver is a Member of the Australasian Institute of Mining and Metallurgy and the Australasian Institute of Geoscientists. He 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 JORC Code. Mr Oliver consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Tando operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward looking statement. No forward looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Tando’s control.

Tando does not undertake any obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Tando, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward looking statement. The forward looking statements in this announcement reflect views held only as at the date of this announcement.

This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by Tando. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

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