Example program at Nortia Project, Pilbara, Western Australia

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A review of available historical sampling data and LANDSAT imagery confirmed the existence of pegmatites on the project. A sampling program conducted by the West Australian Department of Mines, Industry Regulation and Safety (DMIRS) returned 9 river sediment samples ranging from 50-100 ppm lithium, one at 140 ppm and one at 148 ppm. Tantalum was also identified on the project with values ​​up to 511 ppm in river sediments. A review of available LANDSAT imagery identified seven locations that appear to be pegmatite outcrops. A first reconnaissance visit to the site produced several samples of unconsolidated pegmatite believed to come from the project area. A LANDSAT program is currently underway in the project area. Pending the results, a detailed mapping and sampling program is planned.

A recent update from Novo Resources (press release January 28, 2022), identifies the Kurrana pegmatite swarm, a lithium-cesium-tantalum pegmatite swarm more than 10 km long in the same area as the Nortia project. At least 200 pegmatites, ranging from 1-5m wide, were mapped and many samples taken. Field observations indicated that the samples contained Li2O mineralization in lepidolite and possibly spodumene. Novo indicates sample results are pending.

Additionally, Tembourah Metals (News Release: September 9, 2021) reports the discovery of a swarm of pegmatites 2km northwest of its Russian deposit Project Jack2 (belonging to a private group) which is close to the Nortia project.

Mineral targets of the Nortia project
Preliminary inspection of satellite imagery indicates that there are many potential pegmatite locations.

The Pilbara has a recent history of lithium production, beginning in 2017 with Mineral Resources Wodgina Lithium Mine, which is among the largest hard rock lithium operations in the world. The Pilbara Minerals Pilgangoora lithium operation and the Global Lithium Resources Marble Bar lithium deposit are also located in the Pilbara mining region.

The technical and scientific information contained in this press release has been reviewed by Mr. William Feyerabend, Consulting Geologist and Qualified Person under NI 43-101. Mr. Feyerabend participated in the production of this press release.

References

1) Geochemistry from DMIRS data file (E46_795.zip) for WAMEX report A117450. Available at: https://geoview.dmp.wa.gov.au/GeoView/?Viewer=GeoVIEW&layerTheme=WAMEX&Module=WAMEX

2) Geological study of Western Australia. Available at: https://www.dmp.wa.gov.au/Geological-Survey/Geological-Survey-262.aspx

3) Novo Resource Exploration Update (January 28, 2022). Available at: https://www.novoresources.com/news-media/news/display/index.php?content_id=491

4) Tembourah Metals – expanding its portfolio of battery metals (September 9, 2021). Available at: https://wcsecure.weblink.com.au/pdf/TMB/02419569.pdf

CSE has neither approved nor disapproved of the contents of this press release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This press release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical facts about the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management as of the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ. materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. We seek refuge.

ON BEHALF OF COUNCIL

Adrian Hobkirk
President and CEO

Such. : 954-684-8040
E: [email protected]
W: www.australiangoldfields.com

Infographics – https://mma.prnewswire.com/media/1764921/Nortia_Project_Mineral_Targets.jpg

SOURCEAustralian Goldfields Limited


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