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ASX/Media Release

(ASX: MZN)

28th April 2017

Marindi Metals Ltd ABN 84 118 522 124

Level 3, 35 Havelock Street

West Perth WA 6005 Australia

Contact:

Joe Treacy Managing Director

Phone: 08 9322 2338

Email: info@marindi.com.au

Directors:

Ross Ashton John Hutton Geoff Jones Joe Treacy

Issued Capital:

1,327m fully paid ordinary shares,

64m unlisted options Ex. 2.5c Expiring 31 December 2019

March 2017 Quarterly Activities Report

HIGHLIGHTS

• The Company moved to 100% ownership of the Prairie Pb Zn Project with the final payment of $325,000 being made to Prairie Mining Ltd during the quarter.

• Positive metallurgical results received from

beneficiation (HMS) sampling of the large Wolf deposit with further test work planned.

• CSIRO report on the Caranbirini project received

and has outlined several new target areas for follow up.

• Scoping studies commenced on the Prairie

deposit to review a mine truck and treat option given the strong zinc price environment.

• Several high priority targets identified at the

Yalco JV expected to be tested this year.

• The Company finished the quarter with $3.5m in cash.

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Newman Base Metal Project (Marindi 100%) During the quarter Marindi made its final payment of $325,000 to Prairie Mining Limited (ASX: PDZ; “Prairie” to complete acquisition of 100% of the Newman Base Metal Project in WA. Under the terms of the acquisition Prairie will maintain a 2.5% Net Smelter Return (“NSR”) Royalty over the project. Marindi believes strongly in the potential of the Newman Project to host a major base metal deposit. Moving to 100% ownership will provide greater exposure to any discovery as well as allowing the Company to evaluate development options for the Prairie deposit and Wolf prospect against the backdrop of a continued improvement in the zinc price. The Company has commenced scoping study work including an optimisation on the Prairie resource to examine the potential economics of a mine, truck and treat scenario. If this initial work is encouraging then baseline environmental surveys will commence this quarter. Prior to Marindi’s ownership, approximately $16 million was expended on the Newman Base Metal Project in the period 2006 - 20081. During this period, the Prairie deposit was the subject of a feasibility study, however the Global Financial Crisis and falling metal prices meant the study was never completed. Marindi retains the benefit of the data generated from the substantial geological, metallurgical and other work that was undertaken at this time. Wolf Prospect Metallurgical Test work The Wolf prospect is located approximately 3km north west of the Prairie Deposit, and has been a primary focus of Marindi’s attention due to the identification of a very large accumulation of zinc metal, primarily in the form of the zinc chlorite mineral baileychlore, over a strike of 1.75km and up to 400m in width. Metallurgical test work on the baileychlore-hosted zinc is now being managed by Core Resources, a Brisbane based specialty process and resource consultancy with specific experience in zinc oxides. Results from beneficiation test work, including heavy media separation have been encouraging and Marindi will now review this work prior to committing to a new phase of test work. The geological review of the project was delayed due to other work commitments but is expected to be completed this quarter. Upon the completion of the geological review and metallurgical test work, the Company will be in a strong position to determine the appropriate follow up program at the Prairie Downs Base Metal Project which is likely to include drilling at Wolf and Prairie prospects, drilling of regional geochemical, structural and geophysical targets proximal to the Prairie Downs Fault Zone and a mining scoping study over the Prairie and Wolf prospects. Forrestania Lithium Project

Summary The drilling at the Gem pegmatite mining lease tested 5 different pegmatite intrusives. All dipped to the east or were sub vertical with the exception of the Phantom pegmatite which dipped to the west and this, coupled with the westerly drilling direction, resulted in the significant original intersection reported in GPRC06 (30m@3% Li2O). Subsequent drilling confirmed that zone to be a maximum of 10m thick and follow up drilling indicated limited depth potential (refer ASX release 27 March 2017). Drilling along strike has verified the limited strike potential with low grade mineralisation being

1 Refer ASX release dated 25 May 2015

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returned from the latest round of drilling. The potential of the mining lease to host significant Li2O mineralisation has been substantially downgraded. The disseminated nickel sulphide target remains to be tested. Gem Pegmatite drilling. As reported to the ASX on 27 March 2017 the first phase of drilling (totalling 1519 metres) was completed in early March with the completion of 13 holes, of which all but hole GPRC21 were located on the northern portion of the lease. Results above 1% Li2O were returned from holes GPRC25 and GPRC26. After the first round of drilling a further 9 holes GPRC 32-40 were drilled at various locations on the northern part of the lease which are shown on the attached plan and detailed in Table 1. Holes GPRC32 to GPRC35 were drilled at 40m and 80m along strike of GPRC06 to intersect the Phantom pegmatite along strike and at depth, and also to test for a plunge component to the high-grade mineralisation intersected in GPRC06. No significant Li2O assays were returned although the fractionated nature of the LCT pegmatite was confirmed by the anomalous suite of associated elements (refer Table 2). Holes GPRC36 and GPRC37 were drilled to test down dip of a series of costeans hosting LCT pegmatite. The drilling confirmed the gentle easterly dip however no significant assays were returned. Holes GPRC38 to-GPRC40 were drilled to test pegmatite and rubellite reported from historic RAB drilling over 180m distance associated with anomalous tantalum in soils. Anomalous but low grade results were returned from all holes and a series of flat lying pegmatites are interpreted to be the source of the surface mineralisation.

Percussion chips from GPRC25, 73-76m grading 0.84% Li2O and containing Rubellite (gem tourmaline) crystals.

The general impression is of flat easterly dipping and lesser sub vertical to westerly dipping pegmatites in the range of 1-5m thick, commonly weathered to 50m vertical depth. Where intersected below the level of oxidation the pegmatites host modest grade lithium oxide mineralisation, typically in the range 1% to2%. The potential to develop a significant tonnage of Li2O bearing pegmatitic material within the mining lease is now considered low.

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Nickel Potential The Company is yet to drill test the disseminated nickel sulphides intersected in historic diamond drill hole MHD14 and this is likely to occur next quarter. As previously reported2 Marindi has determined that diamond hole MHD14 drilled in the 1970’s by a previous explorer terminated in disseminated nickel sulphide mineralisation at a depth of 396.25m. The last 2.75m of the hole was logged as containing disseminated pentlandite (nickel sulphide and native copper) within a dunitic unit and averaged 0.47% Ni to the end of hole. The Gem pegmatite lease has been in private hands since the mid 1980’s and as such has not been subject to any modern nickel exploration techniques or exploration activity. Regional Exploration (Marindi 100%) The Forrestania Belt is emerging as a world class lithium district and Marindi has over 850 square kilometres under application, the largest tenement holding in the Forrestania Belt 3, and where active exploration and resource delineation programs by Kidman Resources (ASX KDR) are ongoing. The Mt Hope mining lease hosting the Gem prospect comprises less than 0.5% of Marindi’s tenure and as such represents a small portion of our holdings in the belt and does not alter the prospectivity and strategy behind the original decision to acquire the tenements. The first of seven Exploration Licence applications within the Forrestania Lithium Project (EL74/592) has been granted with the remainder expected to be granted within the next few months. Upon grant a first pass soil sampling program to test known pegmatites is planned. The Company continues to increase its footprint in the area and recently applied for EL15/1565 on the neighbouring Johnson Lake greenstone belt where open file data indicates the presence of Li bearing pegmatites. Northern Territory Projects Caranbirini Project (Marindi 100%) Subsequent to the quarter the CSIRO completed their preliminary report and the Company is currently assessing its implications. The report included a 3D geological model with a re-interpretation of airborne EM data flown by Marindi previously. This data, coupled with the recently acquired ground gravity data and a structural interpretation has significantly altered the geological understanding of the Caranbirini area. Several new target areas have been identified and Marindi will make an announcement regarding the exploration for this field season once the final report has been received and the new information considered. Yalco (Teck Australia earning 70%) Several high-quality targets have been identified and an application to the Northern Territory Geological Survey (NTGS) for co-funding has been submitted. If successful, drilling may be undertaken in the coming field season.

2 Refer ASX release 10 November 2016 3 Refer ASX release dated 17 May 2016

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Oakover Manganese Project (Marindi 100%) The Oakover Manganese Project lies approximately 80km east of Newman in Western Australia’s East Pilbara Manganese Province, 100km south of the Ant Hill Manganese Deposit owned by Mineral Resources Ltd and about 50km from the Nicholas Downs Manganese Deposit. A Scoping Study report on the project has been received and concludes that the project is not considered economic at current manganese prices. The Company is considering its options regarding this project. Corporate Kidman Action Marindi lodged its claim on 5th December 2016. Court-supervised mediation commenced on 18 April 2017 and has been adjourned. A date for further mediation discussions has not yet been set. In the absence of a resolution through mediation, the matter remains listed for trial in Supreme Court of Western Australia commencing 29 May 2017. More information on the Company’s claim is detailed in Marindi’s ASX announcement dated 14 November 2016. Rox Action Marindi lodged its claim on the 13th December 2016. Court supervised mediation is scheduled for 12 May 2017. More information on the Company’s claim is contained in Marindi’s ASX announcement dated 14 November 2016 Capri Action As disclosed to the ASX on the 20 December 2016, Kidman Resources Ltd (ASX: KDR) largest shareholder Capri Trading Pty Ltd acquired 50,000 shares in Marindi on 28 November 2016 for a total consideration of approximately $800. Capri Trading Pty Ltd subsequently issued a summons against the directors of Marindi individually for orders for a pre-action discovery pursuant to Order 26A Rule 4 of the Supreme Court Rules, which was served on 8 December 2016. The Court heard the case on 17 February 2017 and Master Sanderson handed down his judgement on 28 February 2017. The ruling found in the Marindi directors’ favour and the claim by Capri was dismissed and costs awarded to Marindi. Finance

During the quarter the Company completed its part underwriting agreement with Argonaut Securities with respect to the exercise of 100 million options at 2c per share for a total consideration of A$2m. Cash at the end of the quarter was $3.516m including a payment of $325,000 to Prairie Mining Ltd as part of the completion of the acquisition of the Prairie Downs Project. The Company’s issued share capital was 1,327,050,994 following both the issue of shares as part of underwriting agreement and the issue of 4,076,641 shares as consideration for acquisition of interest in the Gem Mining Lease.

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Joe Treacy Managing Director Marindi Metals Ltd Competent Persons Statement Information in this release that relates to Exploration Results is based on information prepared by Mr Joseph Treacy a Member of the Australasian Institution of Mining and Metallurgy and the Australian Institute of Geoscientists Mt Treacy is the Managing Director of Marindi Metals Ltd, a full time employee and shareholder. Mr Treacy has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Treacy consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

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Table 1 – Tenements as at 31 March 2017

Lease Lease Holder Locality Status Current Area

(blocks) Interest E46/1140 Forrestania Pty Ltd WA Granted 23 100% E74/0591 Forrestania Pty Ltd WA Application 70 100%

E77/2364 Forrestania Pty Ltd WA Application 20 100%

E74/0592 Forrestania Pty Ltd WA Granted 70 100%

E74/0586 Forrestania Pty Ltd WA Application 20 100%

E77/2361 Forrestania Pty Ltd WA Application 3 100%

E77/2348 Forrestania Pty Ltd WA Application 70 100%

E46/1104 Forrestania Pty Ltd WA Granted 47 100%

E46/1105 Forrestania Pty Ltd WA Granted 26 100%

E77/2345 Forrestania Pty Ltd WA Application 20 100%

E77/2346 Forrestania Pty Ltd WA Application 20 100%

E15/1565 Forrestania Pty Ltd WA Application 23 100%

E52/1939-I Marindi Metals Limited WA Granted 20 100%

A0648 Marindi Metals Limited NT Granted 0 100%

EL29021 Marindi Metals Limited NT Granted 46 100%

EL28951 Marindi Metals Limited NT Granted 3 100%

EL28007 Marindi Metals Limited NT Granted 13 100%

EL28006 Marindi Metals Limited NT Granted 19 100%

EL25467 Marindi Metals Limited NT Granted 100 100%

EL28952 Marindi Metals Limited NT Granted 3 100%

EL25313 Marindi Metals Limited NT Granted 8 100%

E52/3119 Marindi Metals Operations Pty Ltd WA Application 47 100%

E52/3344 Marindi Metals Operations Pty Ltd WA Granted 101 100%

E52/3345 Marindi Metals Operations Pty Ltd WA Granted 42 100%

E52/3362 Marindi Metals Operations Pty Ltd WA Application 30 100%

E52/3411 Marindi Metals Operations Pty Ltd WA Application 99 100%

E52/3415 Marindi Metals Operations Pty Ltd WA Granted 8 100%

E52/3491 Marindi Metals Operations Pty Ltd WA Application 30 100%

E52/3444 Marindi Metals Operations Pty Ltd WA Application 31 100%

E52/1758 Marindi Metals Operations Pty Ltd WA Granted 68 100%

E52/1926 Marindi Metals Operations Pty Ltd WA Granted 44 100%

E52/3103 Marindi Metals Operations Pty Ltd WA Granted 75 100%

E52/3230 Marindi Metals Operations Pty Ltd WA Granted 9 100%

E52/3231 Marindi Metals Operations Pty Ltd WA Granted 17 100%

E52/3241 Marindi Metals Operations Pty Ltd WA Granted 32 100%

E52/3283 Marindi Metals Operations Pty Ltd WA Granted 57 100%

E52/3284 Marindi Metals Operations Pty Ltd WA Granted 72 100%

E52/3410 Marindi Metals Operations Pty Ltd WA Granted 68 100%

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Table 2 – Collars

Hole ID Northing Local

Easting Local

Northing MGA

Easting MGA Depth Azimuth

Mag Dip

GPRC19 25295 21741 6435703 763123 72 92 -60 GPRC20 25896 22102 6436299 763489 72 255 -60 GPRC21 25915 22060 6436318 763448 72 255 -60 GPRC22 25897 22023 6436300 763411 72 255 -60 GPRC23 25902 21990 6436304 763378 72 260 -60 GPRC24 25903 21949 6436305 763338 72 260 -55 GPRC25 25868 21910 6436270 763299 174 260 -55 GPRC26 26088 21795 6436486 763188 204 82 -60 GPRC27 26088 21794 6436486 763188 175 82 -75 GPRC28 25905 21946 6436307 763335 198 260 -55 GPRC29 25922 22166 6436326 763553 114 260 -90 GPRC30 25698 21919 6436102 763305 72 262 -60 GPRC31 25694 22072 6436100 763456 150 260 -70 GPRC32 26040 21880 6436440 763271 96 80 -60 GPRC33 26038 21834 6436437 763226 150 80 -60 GPRC34 25989 21930 6436390 763320 120 80 -60 GPRC35 25997 21883 6436397 763274 150 80 -60 GPRC36 25963 22039 6436365 763428 72 260 -60 GPRC37 25962 22114 6436365 763502 72 261 -60 GPRC38 25813 21945 6436207 763332 234 275 -60 GPRC39 25798 21697 6436199 763087 234 90 -60 GPRC40 25787 21676 6436188 763066 174 180 -60

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Table 3 – Assay Results

Hole From To Interval Be ppm

Cs ppm Li2O% Nb

ppm Fe2O3

% Rb

ppm Sn

ppm Ta

ppm GPRC20 16 18 2 0.66 5.44 0 0.9 4.2 6.2 0.7 0.8 GPRC20 18 20 2 1.61 3.04 0 1 14.7 3.9 0.5 1 GPRC20 20 22 2 3.87 1.87 0 0.2 16.1 1.3 0.3 0.1 GPRC20 22 24 2 4.74 1.62 0 0.3 12 1 0.2 0.2 GPRC20 24 25 1 3.26 1.81 0 0.2 12.8 1.1 0.2 0.2 GPRC20 25 26 1 4.57 1.61 0 0.3 19.6 1.1 0.4 0.2 GPRC20 26 27 1 5.52 1.67 0 0.4 27.5 1.4 0.2 0.2 GPRC20 27 28 1 4.57 1.79 0 0.3 20.9 2.3 0.2 0.2 GPRC20 28 29 1 21.5 258 0.14 17.6 13.7 283 10.6 59.8 GPRC20 29 30 1 39.3 >500 0.08 64.8 10.9 570 6.5 51.8 GPRC20 30 31 1 6.96 >500 0.06 12.8 3.4 5140 1.9 24 GPRC20 31 32 1 107 422 0.08 61.6 4.1 4310 2.2 39.5 GPRC20 32 33 1 83.9 231 0.07 48.2 2.2 1460 24.6 >100 GPRC20 33 34 1 22.8 72 0.02 13.3 7.4 740 4.5 43.9 GPRC20 34 35 1 11.35 16.15 0.01 3.3 8 137.5 1.5 4.4 GPRC20 35 36 1 13.6 31 0.01 6.7 11.5 263 2.1 12.3 GPRC20 36 37 1 6.73 20.6 0.01 4.9 6.7 150.5 1.1 10.6 GPRC20 37 39 2 2.22 6.18 0 0.7 6.3 34 0.3 0.9 GPRC20 39 41 2 1.62 4.57 0 0.6 5.7 24.8 0.3 1 GPRC20 41 43 2 1.58 5.59 0 0.4 5.1 29.4 0.2 0.9 GPRC21 12 14 2 1.42 6.16 0 2.3 2 5.9 1.2 3 GPRC21 14 15 1 1.25 4.48 0 2.7 2.2 6 1 4.2 GPRC21 15 16 1 1.34 5.14 0 5.8 3.1 6.5 1 82.1 GPRC21 16 17 1 2.32 5.9 0.01 14.4 4.1 3.1 3.7 >100 GPRC21 17 18 1 12.65 183 0.06 48.4 4.7 281 11 86 GPRC21 18 19 1 19.45 198 0.15 62.2 13 1220 17.2 >100 GPRC21 19 20 1 18.45 279 0.16 25.1 21.8 1830 32.9 >100 GPRC21 20 21 1 33.4 >500 0.2 19.1 12.4 5140 6.2 81.2 GPRC21 21 22 1 59 102.5 0.08 62.4 6.9 650 10.2 98.7 GPRC21 22 23 1 14.55 17.05 0.01 3.7 13.7 142 2 10.1 GPRC21 23 25 2 12 20.9 0.01 1.6 18.7 219 0.8 3.7 GPRC21 25 27 2 5.59 9.42 0.01 2.2 14.1 66.2 0.8 6.2 GPRC21 27 29 2 5.09 3.15 0 0.6 13.7 13.5 0.6 1.1 GPRC21 29 31 2 2.04 2.67 0 0.2 9.3 10.2 0.2 0.3 GPRC21 31 33 2 1.19 2.24 0 0.2 8 5.1 0.2 0.2 GPRC21 33 35 2 15.8 13.65 0.01 11.1 16.9 34.3 3.9 27.2 GPRC21 35 37 2 4.67 4.88 0 0.9 18.7 18.5 0.6 2.2 GPRC21 37 39 2 5.23 2.91 0 1.2 18 13.4 0.4 1.4 GPRC21 39 41 2 30.9 177.5 0.03 18.6 17.8 1220 14.3 74.2 GPRC21 41 42 1 684 >500 0.04 75.8 5.6 1160 15 >100 GPRC21 42 44 2 29.5 39.4 0 4.2 7.5 85.6 1.6 7.4 GPRC22 3 5 2 2.57 6.12 0 3.9 2.2 9 1.1 5.7

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Hole From To Interval Be ppm

Cs ppm Li2O% Nb

ppm Fe2O3

% Rb

ppm Sn

ppm Ta

ppm GPRC22 5 6 1 30.4 33.8 0 5.4 2.1 49.4 1.6 8.1 GPRC22 6 7 1 3.2 6.09 0 2.8 2.6 9.8 1.4 3.8 GPRC22 7 8 1 133 48.7 0.02 133 3.3 44.9 8.8 90.3 GPRC22 8 9 1 304 >500 0.06 105.5 2.1 6740 27.6 >100 GPRC22 9 10 1 394 >500 0.05 47.3 3.2 5640 16 94.2 GPRC22 10 11 1 171 356 0.06 169 4.4 2550 49.8 >100 GPRC22 11 12 1 98.1 138 0.03 161 13.1 700 9 >100 GPRC22 12 13 1 68.5 308 0.03 57.8 9.9 2170 31.9 >100 GPRC22 13 14 1 11 23.7 0 6.3 18.4 95.5 3 16.7 GPRC22 14 16 2 7.24 12.65 0 12.1 19 65.6 1.1 10.8 GPRC22 16 18 2 6.52 11.65 0 3.7 15.9 64.6 1.5 14.6 GPRC22 18 20 2 3.26 6.58 0 1.5 8.7 22.8 0.8 1.6 GPRC25 64 66 2 0.64 3.81 0 0.3 3.8 4.2 0.2 0.3 GPRC25 66 67 1 0.9 11.65 0 0.6 6.3 8.9 0.3 1.6 GPRC25 67 68 1 0.23 12.5 0.01 0.2 6 3.3 0.3 0.2 GPRC25 68 69 1 7.14 >500 0.95 28.6 2 1990 3.7 36.4 GPRC25 69 70 1 37.1 >500 0.1 46.2 4.1 970 10.7 43.3 GPRC25 70 71 1 5.45 >500 0.04 10.3 5.4 510 3.7 11.9 GPRC25 71 72 1 12.45 457 0.04 14.7 4.6 480 4.9 48.7 GPRC25 72 73 1 32.3 >500 0.06 26.4 2.9 1320 7 71.7 GPRC25 73 74 1 3.62 >500 0.14 3.2 0.8 9420 1.8 14.4 GPRC25 74 75 1 1.46 >500 0.34 0.8 0.7 2650 0.4 1.6 GPRC25 75 76 1 439 >500 2.03 42.5 1.4 1690 7.8 76.2 GPRC25 76 77 1 54.9 473 0.08 19.3 2.8 378 1.7 27.6 GPRC25 77 78 1 4.67 >500 0.02 1.2 5.1 120 0.4 1.5 GPRC25 78 80 2 14.5 57.3 0.07 1.2 6.4 55.4 0.5 2.1 GPRC26 98 100 2 0.21 3.53 0 0.2 7 1.3 0.5 0.1 GPRC26 100 101 1 0.34 35.7 0 0.3 7.3 7.1 0.4 0.1 GPRC26 101 102 1 0.8 4.27 0.01 0.2 6.4 2.8 0.4 0.1 GPRC26 102 103 1 400 >500 0.2 180 2.5 3280 66.6 100 GPRC26 103 104 1 546 >500 0.71 25 0.9 1920 12.6 23.1 GPRC26 104 105 1 55 >500 0.6 9.7 1.5 4420 3.8 12.1 GPRC26 105 106 1 15.35 >500 0.11 8.2 0.5 2660 1.9 10.8 GPRC26 106 107 1 20.7 >500 0.14 2.6 0.4 3060 1.1 7.3 GPRC26 107 108 1 9.46 69.7 3.83 3.4 0.5 309 0.6 4.2 GPRC26 108 109 1 12.4 387 2.24 2.5 1.2 730 1.3 5.7 GPRC26 109 110 1 6.73 472 1.07 1.8 0.4 3110 0.6 3 GPRC26 110 111 1 220 445 1.21 6.6 0.7 4260 5.5 4.9 GPRC26 111 112 1 286 >500 0.26 198 1.3 2990 131.5 93.6 GPRC26 112 113 1 47.5 167 0.38 20.8 3 1380 12.2 10.7 GPRC26 113 114 1 17.05 42.8 0.13 4.1 4.6 398 2.6 2 GPRC26 114 115 1 0.89 12.6 0.02 0.9 4.9 26.6 0.7 0.4 GPRC26 115 117 2 0.93 5.77 0.01 0.6 5.5 28.7 0.4 0.3

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Hole From To Interval Be ppm

Cs ppm Li2O% Nb

ppm Fe2O3

% Rb

ppm Sn

ppm Ta

ppm GPRC27 126 128 2 0.58 7.84 0.01 0.4 6.8 15.7 0.4 0.1 GPRC27 128 129 1 0.5 4.18 0 0.4 6.7 3.2 0.5 0.1 GPRC27 129 130 1 0.35 7.53 0 0.4 5.9 3.1 0.5 0.1 GPRC27 130 131 1 0.43 10.4 0.01 0.3 5.6 3.5 0.9 <0.05 GPRC27 131 132 1 311 >500 0.09 163 3.7 1440 74.6 67.4 GPRC27 132 133 1 26.9 134 0.08 22.7 1.8 357 9.9 23.7 GPRC27 133 134 1 65.9 378 0.08 36.9 1.6 3360 7.8 55.4 GPRC27 134 135 1 146.5 482 0.07 30.8 0.7 3860 11 69.2 GPRC27 135 136 1 102.5 368 0.11 46.3 0.6 3170 9.6 66.8 GPRC27 136 137 1 67.5 >500 0.08 30.6 1.5 2730 6.8 51.5 GPRC27 137 138 1 40.6 303 0.06 26.6 2.9 1580 4.1 26.7 GPRC27 138 139 1 6.53 43.9 0.01 2.7 4.4 244 0.8 3.7 GPRC27 139 140 1 2.99 41.1 0.01 1.5 5.4 254 0.5 2.4 GPRC27 140 142 2 1 13.25 0.01 0.6 6.2 69.9 0.5 0.5 GPRC28 135 137 2 0.45 4.72 0 0.2 6.7 11.6 0.3 0.1 GPRC28 137 138 1 0.3 2.46 0 0.2 6.6 4.4 0.4 0.2 GPRC28 138 139 1 2.78 >500 0.03 10 5.3 560 4 19.7 GPRC28 139 140 1 47.4 >500 0.08 35.4 3.6 2990 12 89 GPRC28 140 141 1 20.9 136.5 0.02 5.2 6 640 2.4 14.2 GPRC28 141 142 1 0.88 16.35 0.01 0.5 7.6 44.3 1.1 2 GPRC28 142 143 1 1.54 30.8 0.01 1.2 7.2 59.5 0.6 3.6 GPRC28 143 144 1 0.97 10.4 0 0.5 8.2 32.7 0.3 0.8 GPRC28 144 145 1 30.6 253 0.02 8.8 6.6 760 3.7 23.6 GPRC28 145 146 1 0.48 4.91 0 0.2 7.8 7.8 0.2 0.2 GPRC28 146 147 1 0.39 2.36 0 0.1 8.4 4.4 0.2 0.1 GPRC28 147 148 1 0.31 2.51 0 0.2 8 4.2 0.2 0.1 GPRC28 148 149 1 0.23 1.8 0 0.2 8.5 3.1 0.2 0.2 GPRC28 149 150 1 1.28 19.3 0.01 0.6 8.2 34.7 0.6 0.8 GPRC28 150 151 1 0.17 2.09 0 0.1 8.4 2.1 0.2 0.2 GPRC28 151 153 2 0.22 1.9 0 0.1 8.9 1.4 0.2 <0.05 GPRC28 162 163 1 0.28 3.18 0 0.1 8 1.9 0.8 <0.05 GPRC28 163 164 1 3.91 73.7 0.01 16.4 7.1 175 0.8 10.6 GPRC28 164 165 1 0.56 10.3 0 0.4 7.9 15.7 0.2 1 GPRC30 14 16 2 8.48 3.75 0 1 7.9 2.8 0.9 0.6 GPRC30 16 17 1 6.65 7.1 0.01 3.1 7.2 13.2 1.9 6.6 GPRC30 17 18 1 4.98 >500 0.09 14.5 1.9 4370 10.8 56.3 GPRC30 18 19 1 6.77 154 0.06 31.8 2 2010 49.1 >100 GPRC30 19 20 1 7.41 18.95 0.05 11.8 3.7 138.5 18.3 36.6 GPRC30 20 21 1 7.94 22 0.01 3.6 13 34.7 5.6 12.3 GPRC30 21 23 2 5.39 7.24 0 1.6 12.4 16.6 1.3 1.9 GPRC31 62 64 2 0.55 1.46 0 0.1 3.3 1.1 0.2 0.3 GPRC31 64 65 1 0.98 1.57 0 0.3 3.6 0.5 0.2 0.1 GPRC31 65 66 1 20.3 496 0.04 23.2 3.8 318 4.4 54.2 GPRC31 66 67 1 5.35 295 0.14 12.2 3.2 2550 6.2 72.1

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Hole From To Interval Be ppm

Cs ppm Li2O% Nb

ppm Fe2O3

% Rb

ppm Sn

ppm Ta

ppm GPRC31 67 68 1 190 230 0.22 35.2 2.8 990 18.5 >100 GPRC31 68 69 1 122.5 145 0.07 20.3 3.5 510 10.1 77.2 GPRC31 69 70 1 27.1 49.2 0.04 6.6 5.7 222 3.4 57 GPRC31 70 71 1 8.25 44.9 0.02 3.4 6.4 140 1.7 16.2 GPRC31 71 73 2 2.67 6.48 0.01 0.7 7.4 21.9 0.4 2.1 GPRC32 62 64 2 0.09 14.8 0.01 0.1 6.7 2.8 <0.2 <0.05 GPRC32 64 65 1 0.13 11.2 0.01 0.2 6.4 2.6 0.2 <0.05 GPRC32 65 66 1 33.3 265 0.14 21.6 2.1 2260 36.9 13.2 GPRC32 66 67 1 30.2 >500 0.11 30.1 0.6 4960 36 22.9 GPRC32 67 68 1 36.3 >500 0.34 134 0.4 4260 20.7 81.7 GPRC32 68 69 1 31.5 379 0.41 25.9 0.4 3910 18.3 14.3 GPRC32 69 70 1 35.2 160 0.15 12.3 2.3 590 9.4 8.1 GPRC32 70 71 1 2.73 43.3 0.02 3.5 6 187 1.3 2.8 GPRC32 71 73 2 0.57 7.12 0 0.4 8.6 34.3 0.5 0.2 GPRC33 63 65 2 0.18 13.4 0.01 0.2 5.8 5 0.2 0.1 GPRC33 65 66 1 1.4 35.3 0.02 1 5.5 118 0.6 0.4 GPRC33 66 67 1 97.2 >500 0.11 57.4 3.1 690 5.2 89.3 GPRC33 67 68 1 1.14 10.1 0 0.5 7.1 6.8 0.2 0.5 GPRC33 68 70 2 1.11 25.7 0.01 0.8 5.5 10.6 0.2 0.8 GPRC33 113 115 2 2.14 19.3 0.01 1.3 6 12.9 0.2 1.1 GPRC33 115 116 1 0.1 19.15 0.01 0.2 7.9 4.5 0.2 <0.05 GPRC33 116 117 1 21.5 249 0.08 13 3.9 1120 12.9 6.7 GPRC33 117 118 1 26.3 >500 0.17 28.5 0.8 4040 50.1 21.7 GPRC33 118 119 1 24 262 0.29 108.5 1 1480 37.5 54.9 GPRC33 119 120 1 10.85 >500 0.11 21.4 3 800 10.4 17.4 GPRC33 120 121 1 0.73 29.3 0.01 0.6 6 41 0.7 0.4 GPRC33 121 123 2 1.09 18.3 0.01 1 8.4 64.9 1.5 0.4 GPRC34 60 62 2 0.06 21.6 0.01 0.3 5.1 7.1 0.3 0.2 GPRC34 62 63 1 3.47 51.7 0.03 3.5 5.9 102 6.7 5.9 GPRC34 63 64 1 20.2 191 0.1 31.3 1 1450 13.6 21.2 GPRC34 64 65 1 12.9 >500 0.11 26.3 0.5 5310 4.1 23.6 GPRC34 65 66 1 27.2 180 0.13 71.9 0.5 1360 7.8 42.9 GPRC34 66 67 1 30.5 >500 0.14 25.1 2.2 830 17.8 38.4 GPRC34 67 69 2 3.23 255 0.03 3.4 5.1 375 1.5 7.7 GPRC34 82 84 2 0.13 4.53 0 0.5 6.1 6.6 <0.2 0.3 GPRC34 84 85 1 1.3 40.7 0.01 2.8 5.3 28.8 0.9 6.1 GPRC34 85 86 1 133 >500 0.2 165.5 1 1730 103.5 100 GPRC34 86 87 1 44 89.7 0.04 90.6 4.1 393 23 44.5 GPRC34 87 88 1 6.79 12.05 0.01 2.3 5.1 31 1.8 1.3 GPRC34 88 90 2 0.84 4.01 0.01 1 5.5 8.7 0.6 0.4 GPRC35 114 116 2 0.95 8.2 0 2.6 6.4 7.5 0.7 0.9 GPRC35 116 117 1 0.36 6.4 0 0.8 6.2 2.5 0.5 0.3 GPRC35 117 118 1 4.25 202 0.02 5.2 4.3 320 5.1 12.3

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Hole From To Interval Be ppm

Cs ppm Li2O% Nb

ppm Fe2O3

% Rb

ppm Sn

ppm Ta

ppm GPRC35 118 119 1 55.3 >500 0.09 190.5 0.6 4330 52.7 >100 GPRC35 119 120 1 89.9 344 0.19 193 0.8 2350 60 89.8 GPRC35 120 121 1 19.85 361 0.06 27.3 1.5 3040 15.4 19.1 GPRC35 121 122 1 14.6 >500 0.15 15.9 3.3 3680 24.7 16.5 GPRC35 122 123 1 0.65 116 0.01 1.1 5.3 106.5 0.7 0.7 GPRC35 123 125 2 0.68 27.3 0.01 0.6 5.5 92.8 0.5 0.4 GPRC36 0 2 2 85.6 96.4 0.02 12.5 16.3 160 5.9 36.5 GPRC36 2 4 2 29.1 201 0.03 50.3 20.6 1570 31.6 >100 GPRC36 4 5 1 6.39 297 0.04 30 9.9 2090 25.7 57.9 GPRC36 5 6 1 32.9 59.5 0.03 27 4.7 345 17.5 35.7 GPRC36 6 7 1 3.49 9.61 0.01 8.9 2.9 36.6 2.8 12.9 GPRC36 7 9 2 1.87 9.34 0.01 6.6 4.4 42.5 3.2 9.9 GPRC36 21 23 2 9.07 2.35 0 0.8 32.6 4.5 0.6 0.6 GPRC36 23 24 1 13.45 3.45 0 1.5 24.5 9.6 0.8 1.5 GPRC36 24 25 1 62.7 173 0.03 18.8 14 1620 10.9 43.8 GPRC36 25 26 1 31.2 66.9 0.08 7.4 18.1 460 7.4 20.8 GPRC36 26 27 1 47.4 464 0.05 47.5 12.3 4320 8.6 44.9 GPRC36 27 28 1 97.9 >500 0.05 46.4 11 1340 13.7 77.5 GPRC36 28 29 1 60.9 322 0.08 106.5 5.1 2830 21.1 70.9 GPRC36 29 30 1 78.1 121 0.07 172.5 15.4 640 9.7 >100 GPRC36 30 31 1 99.1 184.5 0.02 26.6 14.1 930 4.6 35 GPRC36 31 33 2 113.5 101.5 0.05 38.8 16 200 16.1 >100 GPRC38 0 4 4 7.08 21.1 0.01 8.4 48.5 28.8 2 6.1 GPRC38 4 8 4 5.8 8.46 0 1.5 52.2 9 0.8 0.9 GPRC38 8 12 4 23.1 72.8 0.02 23.2 22.4 810 8.1 59.5 GPRC38 12 16 4 7.7 13.4 0.01 3.3 16.2 101 2.6 6.3 GPRC38 16 20 4 2.97 6.55 0 1.1 11.7 24.3 1.3 1.4 GPRC38 20 24 4 14.95 8.16 0 1.4 11.6 51.6 0.7 2.6 GPRC38 24 28 4 12.7 4.63 0 1 13.2 5.9 0.4 0.3 GPRC38 28 32 4 1.79 2.86 0 0.3 8 3.3 0.3 0.1 GPRC38 32 36 4 1.16 3.37 0 0.3 6.6 15 0.2 0.3 GPRC38 36 40 4 0.83 4.35 0 0.8 5.1 15.2 0.5 0.4 GPRC38 40 44 4 1.07 5.23 0 0.3 4.7 16.3 0.3 0.5 GPRC38 44 48 4 0.59 19.05 0.01 0.4 6.1 24.7 0.4 1.1 GPRC38 48 49 1 2.61 491 0.01 2.7 5.9 302 0.9 13.2 GPRC38 49 50 1 17.2 >500 0.08 41 1 820 3.9 >100 GPRC38 50 51 1 82.7 >500 0.05 15.8 2.3 700 2.8 57.3 GPRC38 51 52 1 3.59 161.5 0.01 6 4.6 130 2.9 11.8 GPRC38 52 54 2 1.87 41.5 0 0.7 6 40.2 0.3 2.7 GPRC39 201 202 1 1.19 40.9 0.01 0.3 8.6 27.8 0.3 0.7 GPRC40 26 30 4 2.77 6.16 0 0.4 14.1 4.4 0.2 0.4 GPRC40 30 34 4 1.75 3.2 0 0.5 14.5 2.9 0.2 0.1

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Hole From To Interval Be ppm

Cs ppm Li2O% Nb

ppm Fe2O3

% Rb

ppm Sn

ppm Ta

ppm GPRC40 34 38 4 0.71 2.38 0 0.6 15.4 2 0.2 0.1 GPRC40 38 42 4 0.12 1.87 0 0.3 12.2 1 <0.2 <0.05 GPRC40 42 46 4 0.12 2.1 0 0.3 14.7 1 0.2 <0.05 GPRC40 46 50 4 0.17 2.03 0 0.3 14.4 1.1 <0.2 <0.05 GPRC40 50 54 4 0.16 2.22 0 0.2 10.9 1 <0.2 <0.05 GPRC40 54 58 4 0.11 1.93 0 0.3 10.3 1 <0.2 0.1 GPRC40 58 59 1 <0.05 1.34 0 0.2 7.2 0.6 <0.2 <0.05 GPRC40 59 63 4 <0.05 1.39 0 0.2 6.3 0.6 <0.2 <0.05

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Figure 1 - Marindi Project Locations

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Figure 2 – Wolf and Prairie

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Figure 3 – Forrestania Lithium Project

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Figure 4 – Phantom – Giant Pegmatite Area

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Figure 5 – Cross Section 26040mE

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Figure 6 – Cross Section 20600mE F

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Figure 7 –Cross Section 25960mE

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Figure 8 –Cross Section 25800mE

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Figure 9 – NT Projects

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