Preliminary Exploration Drill Assay Results

March 28, 2018

28 March 2018

As part of the exploration programme to define a JORC resource on the Lepidolite and Homestead locations, Kazera is pleased to announce that it has received highly encouraging preliminary assay results from MSA Group from the boreholes drilled on the Lepidolite and Homestead pegmatites.

Recent drill results have confirmed lithium and tantalum mineralization.

At the Lepidolite Pegmatite at Tantalite Valley. Significant results include:

  • 2.61 % Li2O and 603 ppm Ta2O5 over 5.2 m in borehole DHLP02
  • 2.86 % Li2O and 396 ppm Ta2O5 over 4 m in borehole DHLP03
  • 0.72 % Li2O and 489 ppm Ta2O5 over 5.2m in borehole DHLP04

Results from the Homestead pegmatite include:

  • 0.13 % Li2O and 8,159 ppm Ta2O5 over 1.68 m in borehole DHHM01
  • 0.05 % Li2O and 3,138 ppm Ta2O5 over 1.95 m in borehole DHHM03

 

The full results of the study and a map with the locations of each borehole can be found below.

 

Larry Johnson, CEO, said:

“Our exploration campaign continues and these results have delivered high grades in both minerals. To achieve over 8,159 ppm Ta2O5 over 1.68 m is very encouraging and demonstrates the wider potential within the licence. We will consolidate these results with further drilling during the year, coupled with channel sampling within the Homestead underground ore body which will further build the confidence level of the total mineralisation within the mineable area.”

Table 1. Summary table of pegmatite intersections and significant intercepts

Pegmatite Name Sampled Pegmatite interval Average grade through pegmatite Including
HoleID From (m) To (m) Width (m) Li2O (%) Ta2O5 (ppm) From (m) To (m) Width (m) Li2O** (%) Ta2O5 (ppm)
Lepidolite1 DHLP01 0 1.4 1.4 0.0043 48
DHLP02 0.5 7.2 6.7 2.08 477 1.5 6.7 5.2 2.61 603
DHLP03* 0 5.5 5.5 2.13 293 1.5 5.5 4 2.86 396
DHLP04 0 6.2 6.2 0.30 105 0 0.9 0.9 0.72 489
Homestead2 DHHM01 44.7 52.9 8.2 0.05 1718 45.2 46.88 1.68 0.13 8159
DHHM03 84.15 99.95 15.8 0.03 533 93.4 95.35 1.95 0.05 3138
DHHM06 0 9.36 9.36 0.01 12
DHHM08 87.5 106.7 19.2 0.03 37

1 – All holes drilled vertically except DHP03. The Lepidolite Pegmatite dips at between 20-30° to the southwest. Quoted widths are within 15% of the true thickness.

2- The Homestead Pegmatite dips at <16° to the west. All boreholes drilled at Homestead were vertical and intersection width approximate to the trues thickness of the pegmatite

* – DHLP drilled at -65° and quoted widths represent the true thickness

** – results reported as Li and converted to Li2O using a conversion factor of 2.153

Note: Some core losses were experienced through some of the mineralised intervals and null values were assigned to these zones when calculating the average grades and significant intercepts.

 

 

Table 2 List of boreholes referred to in this document and plotted on attached map

HoleID Easting-UTM34S/WGS84 (m) Northing- UTM34S/WGS84 (m) Depth of Hole (m)
DHLP01 278275 6821094 10.2
DHLP02 278305.4 6821059 12
DHLP03 278336 6821032.4 13.1
DHLP04 278346 6821017 10.2
DHHM01 279132 6820623 62.5
DHHM03 279015 6820671 107.5
DHHM06 279115 6820561 19.3
DHHM08 278982 6820640 107.9


APPENDIX – Assays results

 

BHID Sample  ID From To Cs Fe K La Li Li2O Nb Rb Ta Ta2O5
m m ppm % % ppm ppm % ppm ppm ppm
DHLP01 A2 0 0.5 5.6 0.67 0.51 0.59 6 0.00 16.5 149 62.7 76.56
A3 0.5 1 2 0.55 0.21 0.51 17 0.00 7.6 48.6 15.5 18.93
A4 1 1.4 3.4 1.08 0.25 1.49 41 0.01 64.4 74 38.8 47.37
DHLP02 A5 0.5 1 74.3 1.23 0.82 1.22 1100 0.24 7 1145 14.3 17.46
A6 1 1.5 44.1 0.67 0.5 0.09 700 0.15 4.6 666 10.6 12.94
A7 1.5 2 356 0.77 2.61 0.6 5200 1.12 18.3 4310 166.5 203.30
A8 2 2.5 958 0.13 7.23 0.12 15400 3.32 41.9 12700 415 506.72
A10 2.5 3 768 0.37 5.86 0.1 12500 2.69 30.8 10500 249 304.03
A11 3.2 3.7 877 0.32 6.58 0.16 13800 2.97 58.3 11600 1015 1239.32
A12 3.7 4.2 821 0.28 6.51 0.17 14200 3.06 41.9 11500 529 645.91
A13 4.2 4.7 841 0.32 6.4 0.29 13800 2.97 53.7 11950 605 738.71
A14 4.7 5.2 960 0.19 6.96 0.22 15100 3.25 48.8 13150 655 799.76
A15 5.2 5.7 924 0.18 6.84 0.19 14800 3.19 48.3 12700 636 776.56
A16 5.7 6.2 781 0.41 4.73 0.39 9520 2.05 30.2 8430 407 496.95
A17 6.2 6.7 880 0.23 5.83 0.23 11900 2.56 34.2 10500 455 555.56
A19 6.7 7.2 201 0.64 1.16 0.33 1590 0.34 27.8 1495 73.9 90.23
A20 7.2 7.7 27.7 0.64 0.52 0.35 360 0.08 9.9 391 16.25 19.84
A21 7.7 8.2 147 1.25 1.86 0.21 1720 0.37 29.7 2040 46.4 56.65
A22 8.2 8.7 88.8 0.85 0.93 0.21 1340 0.29 35.1 1185 115.5 141.03
A23 8.7 9.2 26.9 0.82 0.39 0.28 290 0.06 9.4 337 10.6 12.94
A24 9.2 9.7 48.5 1.76 0.33 1.51 310 0.07 40.3 249 52.8 64.47
DHLP03 A25 0 0.5 113 1.49 1.18 <0.08 1450 0.31 12.5 1710 24.4 29.79
A26 0.5 1 77.1 0.92 0.78 <0.08 1200 0.26 6.7 1240 16.6 20.27
A27 1 1.5 0.8 0.75 0.06 0.22 39 0.01 2.3 4.4 0.09 0.11
A29 1.5 2 777 0.2 5.33 <0.08 12100 2.61 30.3 10200 271 330.89
A30 2 2.5 1070 0.05 8.12 <0.08 18300 3.94 45.2 15300 406 495.73
A31 2.5 2.8 1020 0.07 7.74 0.31 17000 3.66 43.8 14250 396 483.52
A33 3 3.5 866 0.19 6.86 0.18 15500 3.34 43.2 13000 492 600.73
A34 3.5 3.9 1020 0.12 7.95 0.39 18100 3.90 47.8 14900 510 622.71
A35 4.1 4.5 772 0.47 5.75 0.13 12500 2.69 34.5 10850 360 439.56
A37 4.5 5 943 0.09 6.39 <0.08 13900 2.99 31.3 11950 220 268.62
A38 5 5.5 807 0.07 5.46 0.22 11800 2.54 27.9 9900 274 334.55
A39 5.5 6 76.3 0.67 0.97 0.44 750 0.16 22.3 768 22.5 27.47
A40 6 6.5 20 0.49 0.25 0.45 154 0.03 3.9 133.5 4.97 6.07
A41 6.5 7 42.9 0.74 0.19 0.52 430 0.09 2.9 134 6.59 8.05
A42 7 7.5 50.8 3.63 0.19 0.54 260 0.06 15 129 19.3 23.57
A43 7.5 7.9 270 3.41 0.48 0.8 1220 0.26 53 586 125.5 153.24
DHLP04 A45 0 0.5 514 0.53 0.84 0.19 2100 0.45 13.9 1670 233 284.49
A46 0.5 0.9 1435 0.49 1.88 <0.08 4860 1.05 31.8 3820 610 744.81
A47 0.9 1.3 167 0.55 0.54 0.08 1020 0.22 10.2 866 65.2 79.61
A48 1.3 1.8 188 1.01 0.73 0.09 1120 0.24 11.1 1060 24 29.30
A49 1.8 2.3 166.5 1.44 1.36 0.1 1390 0.30 21.4 1605 24.4 29.79
A50 2.3 2.8 85.7 0.77 0.3 0.14 500 0.11 6.2 369 12.85 15.69
A51 2.8 3.3 366 0.7 0.82 <0.08 1660 0.36 13.6 1210 36.8 44.93
A53 3.3 3.8 295 1.08 1.22 <0.08 1800 0.39 16.5 1610 27.9 34.07
A54 3.8 4.3 198.5 0.72 0.66 0.13 2670 0.57 14.6 732 61.1 74.60
A55 4.3 4.8 109 0.82 0.22 2.61 260 0.06 17 171 38 46.40
A56 4.8 5.3 6.6 0.76 0.17 0.1 95 0.02 3.7 45.8 7.53 9.19
A57 5.3 5.8 21.3 1.02 0.74 0.28 500 0.11 20.6 449 24.4 29.79
A58 5.8 6.2 59.1 1.83 0.22 0.8 300 0.06 45.5 107.5 47.2 57.63
DHHM08 A59 87.5 88 0.7 5.44 3.24 50.4 25 0.01 6.4 90.8 0.3 0.37
A61 87.9 88.4 12.7 0.59 2.57 1.38 126 0.03 18.8 324 6.52 7.96
A62 88.3 88.8 38.1 0.75 5.76 0.78 400 0.09 41.1 911 99.4 121.37
A63 88.7 89.2 8.6 0.45 2.77 1.1 45 0.01 10.5 309 5.59 6.83
A64 89.1 89.6 12.1 0.74 0.82 0.93 119 0.03 93.5 113.5 36.4 44.44
A65 89.5 90 10 0.57 0.44 0.99 43 0.01 7.6 36.7 4.94 6.03
A66 89.9 90.4 17.6 0.63 0.45 1.01 44 0.01 4.1 44.4 3.54 4.32
A68 90.3 90.8 10.9 1.2 0.38 2.19 80 0.02 36.6 42.6 20.4 24.91
A69 90.7 91.2 37.5 1.44 0.28 10.55 142 0.03 238 41 158.5 193.53
A71 91.1 91.6 9.3 0.7 0.37 2.44 77 0.02 79.3 44.8 39.2 47.86
A72 91.5 92 25.8 0.47 1.29 0.99 67 0.01 8.3 230 5.44 6.64
A73 91.9 92.4 103.5 0.37 8.53 0.41 53 0.01 13 1415 7.28 8.89
A74 92.3 92.8 89.8 0.33 7.55 0.47 173 0.04 62.2 1300 238 290.60
A75 92.7 93.2 143 0.25 10.1 0.4 42 0.01 3 1760 2.28 2.78
A76 93.1 93.6 95.1 0.24 9.98 0.24 51 0.01 <0.8 1675 0.24 0.29
A77 93.5 94 92.5 0.22 10.1 0.25 54 0.01 1.1 1700 0.39 0.48
A78 93.9 94.4 147.5 0.29 8.38 0.34 53 0.01 9.7 1735 14.15 17.28
A79 94.3 94.8 165.5 0.31 8.38 0.34 89 0.02 8.4 1885 13.3 16.24
A81 94.7 95.2 96.9 0.35 8.11 0.24 75 0.02 5.6 1715 8.52 10.40
A82 95.1 95.6 121.5 0.29 8.64 0.25 54 0.01 5 1920 8.52 10.40
A83 95.5 96 55.5 0.45 6.77 0.4 87 0.02 8.5 1330 5.65 6.90
A84 95.9 96.4 37.4 0.39 6.55 0.39 81 0.02 7.6 1280 9.05 11.05
A85 96.3 96.8 106 0.46 7.08 0.69 137 0.03 15.8 1485 25.7 31.38
A86 96.7 97.2 53.4 0.59 4.84 0.5 67 0.01 8.8 978 9.59 11.71
A87 97.1 97.6 29.3 0.7 3.29 0.95 156 0.03 35.3 642 20.6 25.15
A89 97.5 98 165.5 0.32 8.49 0.69 134 0.03 6.5 2020 9.33 11.39
A90 97.9 98.4 6.4 0.54 0.21 2.76 148 0.03 8.5 58.1 13.8 16.85
A91 98.3 98.8 100.5 0.44 2.67 1.74 187 0.04 40.6 975 69.9 85.35
A92 98.7 99.2 211 0.47 7.81 0.54 600 0.13 9.3 2430 9.7 11.84
A94 99.1 99.6 95.8 0.43 2.61 0.32 124 0.03 11.7 895 24.8 30.28
A95 99.5 100 49 0.52 0.55 0.18 260 0.06 7 313 6.54 7.99
A97 99.9 100.4 9.5 0.53 0.16 0.29 40 0.01 2.8 54.4 11.8 14.41
A98 100.3 100.8 36.8 0.84 0.85 0.61 350 0.08 38.1 324 33.2 40.54
A99 100.7 101.2 6.5 0.56 0.14 1.12 240 0.05 34 43.6 37.4 45.67
A100 101.1 101.6 13.5 0.36 0.19 2.13 171 0.04 32.5 57 41.1 50.18
A102 101.5 102 15.4 0.4 0.32 2.6 199 0.04 64.6 91.6 99.9 121.98
A103 101.9 102.4 9.4 0.44 0.33 1.72 400 0.09 27.8 80.5 17.8 21.73
A104 102.3 102.8 32.6 0.53 0.91 3.11 480 0.10 29.9 270 12.6 15.38
A105 102.7 103.2 103.5 0.97 2.89 7.12 900 0.19 120 966 41.6 50.79
DHHM01 A106 43.76 44.2 15.8 0.79 1.01 1.33 230 0.05 37.3 250 18.2 22.22
A107 44.2 44.7 56.5 0.65 5.66 0.52 96 0.02 15.1 960 7.92 9.67
A108 44.7 45.2 73.6 0.88 2.26 2.74 540 0.12 65.3 599 14.25 17.40
A110 45.2 45.51 260 1.83 5.17 1.54 1990 0.43 261 1630 50.5 61.66
A111 45.51 46.01 82.1 0.43 0.55 2.93 199 0.04 19.2 241 11.05 13.49
A112 46.01 46.47 35 0.28 0.39 2.19 166 0.04 8920 159.5 24300 29670.30
A113 46.01 46.47 26.2 0.26 0.37 1.66 122 0.03 16.1 127.5 11.25 13.74
A114 46.47 46.88 114.5 0.79 1.86 1.54 540 0.12 114 777 66 80.59
A115 46.88 47.26 33.7 0.52 0.39 1.33 95 0.02 103 178 95.2 116.24
A116 47.26 47.76 11.9 0.63 0.28 0.73 65 0.01 59.4 109.5 47.4 57.88
A117 47.76 48.16 7.3 0.79 0.24 1.51 38 0.01 250 63.9 193 235.65
A119 48.16 48.56 20.6 0.55 0.9 0.86 39 0.01 97.3 242 81.3 99.27
A120 48.56 48.99 26.4 0.52 1.42 1.27 36 0.01 140.5 397 100.5 122.71
A121 48.99 49.49 28.5 0.67 1.84 1.79 159 0.03 48.9 469 23.3 28.45
A122 49.49 49.99 9.7 0.61 0.49 3.61 94 0.02 193.5 117.5 57.5 70.21
A123 49.49 49.99 15.4 0.41 0.77 3.43 189 0.04 4480 213 11700 14285.70
A124 49.99 50.53 9.4 0.57 0.59 3.72 84 0.02 48.4 112.5 18.25 22.28
A125 50.53 51.03 32.7 0.59 1.69 2.79 260 0.06 45.2 377 27.3 33.33
A126 51.03 51.57 33.9 0.61 6.25 3.54 82 0.02 12.1 948 8.17 9.98
A127 51.6 52.02 42.1 0.26 7.86 0.6 25 0.01 6.2 1140 3.7 4.52
A128 52.02 52.47 39 0.46 7.42 0.39 28 0.01 6.9 1070 6.7 8.18
A129 52.47 52.9 16.6 0.82 2.35 3.14 240 0.05 67.9 509 37.9 46.28
DHHM03 A130 81.22 81.8 7.4 0.91 0.92 1.46 144 0.03 44.3 180 9.4 11.48
A132 81.8 82.24 5.3 0.22 0.42 1.19 49 0.01 3.4 31.4 1.74 2.12
A133 82.24 82.74 7.5 0.48 0.47 1.2 31 0.01 2.5 37.1 1.53 1.87
A134 82.74 83.24 7.7 0.24 0.47 1.28 30 0.01 5.6 41.6 4.51 5.51
A136 83.24 83.65 7.4 0.52 0.49 1.52 117 0.03 55.6 88.1 25.4 31.01
A137 83.65 84.15 16.1 0.9 1.18 1.85 390 0.08 71.7 330 26 31.75
A138 84.15 84.65 11.5 0.54 0.9 0.86 300 0.06 32.7 217 10.05 12.27
A139 84.65 85.1 16.8 0.69 0.98 0.62 280 0.06 41.2 314 24.3 29.67
A140 85.1 85.5 14.3 0.58 1.32 0.63 460 0.10 45.4 442 15.5 18.93
A141 85.5 85.9 4.9 0.47 0.35 0.93 26 0.01 8.1 28.6 5.02 6.13
A142 85.9 86.4 12.1 0.43 0.97 0.77 330 0.07 34.2 282 13.35 16.30
A144 86.4 86.9 7.4 0.47 0.4 0.85 32 0.01 16.8 30.3 9.17 11.20
A145 86.9 87.4 12.9 0.38 0.4 1.45 92 0.02 208 68.2 91.1 111.23
A146 87.4 87.9 14.8 0.91 0.46 1.1 198 0.04 40.8 113 21.7 26.50
A147 87.9 88.4 14 0.61 1 1.07 182 0.04 29.5 196 15.2 18.56
A148 88.4 88.8 31.9 0.23 9.71 0.31 35 0.01 1.7 1465 1.81 2.21
A149 88.8 89.2 23.8 0.14 9.5 0.3 37 0.01 1 1445 0.44 0.54
A150 89.2 89.7 73 0.42 8.9 0.53 153 0.03 13 1760 11.3 13.80
A152 89.7 90.2 116 0.39 8.05 0.26 110 0.02 6.2 1810 5.05 6.17
A153 90.2 90.7 120.5 0.4 8.43 0.41 36 0.01 3.3 1930 4.37 5.34
A154 90.7 91.2 61.7 0.32 8.4 0.27 34 0.01 3.5 1795 3.27 3.99
A155 91.2 91.7 34.3 0.5 6.67 1.47 59 0.01 5.2 1480 5.34 6.52
A156 91.7 92.2 76 0.42 7.55 0.68 56 0.01 6 1725 6.6 8.06
A157 92.2 92.7 69.8 0.24 9.85 0.24 30 0.01 5.1 2200 23.5 28.69
A158 92.7 93.2 120 0.21 8.99 0.28 62 0.01 1.5 2300 3.02 3.69
A159 93.4 93.9 88.9 0.67 5.47 0.26 250 0.05 14 1585 10.35 12.64
A160 93.9 94.4 111.5 0.23 8.46 1.14 53 0.01 3890 2430 9950 12148.95
A161 93.9 94.4 77.9 0.24 10.05 0.62 32 0.01 3 2480 5.63 6.87
A162 94.4 94.9 126 0.27 8.17 0.43 49 0.01 4.3 2410 6.47 7.90
A163 94.9 95.35 52.2 0.8 0.8 0.4 540 0.12 35.9 449 62.7 76.56
A164 95.35 95.85 11.2 0.59 0.3 0.58 131 0.03 15.8 91.9 23.6 28.82
A166 95.85 96.35 26.9 0.87 0.92 0.81 440 0.09 37.8 408 22.8 27.84
A167 96.35 96.8 15.6 0.73 0.46 0.88 164 0.04 27.3 133.5 18.15 22.16
A169 96.8 97.35 11.9 0.6 0.34 0.96 112 0.02 11.7 82.9 9.04 11.04
A170 97.35 97.85 33.3 0.69 0.81 0.72 320 0.07 31.4 268 20.5 25.03
A171 97.85 98.35 14.7 0.15 0.6 3.75 156 0.03 1330 109.5 3390 4139.19
A172 97.85 98.35 11.8 0.53 0.45 1.69 76 0.02 21.2 69.3 12.2 14.90
A173 98.35 98.75 19.7 0.76 0.69 1.08 350 0.08 27.2 164.5 12.75 15.57
A174 98.75 99.25 16.7 0.72 0.71 1.45 158 0.03 32.6 167 13.2 16.12
A175 99.25 99.55 12.2 0.41 0.54 2.37 28 0.01 17.7 92.2 5.71 6.97
A176 99.55 99.95 16.5 0.7 0.46 5.65 75 0.02 12.1 81.8 11.5 14.04
DHHM06 A177 0 0.45 23.4 0.58 5.28 2.43 60 0.01 25.7 722 5.52 6.74
A179 0.45 0.95 36.9 0.65 7.17 1.15 58 0.01 22.6 974 5.7 6.96
A180 0.95 1.4 43.4 0.42 8.6 1.36 19 0.00 7.4 1145 3.9 4.76
A181 1.4 1.8 25 0.66 5.14 2.32 26 0.01 8.2 691 3.93 4.80
A182 1.8 2.25 35.8 0.25 9.72 0.58 13 0.00 4.6 1245 2.11 2.58
A183 2.25 2.7 35.5 0.52 8.19 0.6 22 0.00 8.7 1095 4.17 5.09
A184 2.7 3.04 47.4 0.42 8.57 0.89 41 0.01 15.3 1225 6.27 7.66
A185 3.04 3.44 40.9 0.77 6.94 1.54 76 0.02 28.1 1050 12.55 15.32
A187 3.44 3.94 8.8 0.57 0.63 4.39 76 0.02 29.1 113 8.3 10.13
A188 4.6 5.1 20.4 1.17 0.63 4.64 86 0.02 33.6 125 13.1 16.00
A189 5.1 5.6 12.3 0.67 1.16 3.06 142 0.03 52.9 231 12.2 14.90
A190 5.6 5.95 9.3 0.85 0.89 3.19 106 0.02 42.4 181 11.25 13.74
A192 5.6 5.95 16.7 0.76 2.6 4.89 90 0.02 46.1 374 22.9 27.96
A193 5.95 6.45 59 0.26 10.05 0.66 17 0.00 10.4 1420 12.95 15.81
A194 6.45 6.79 50.5 0.36 10.1 0.55 8 0.00 9.5 1340 5.45 6.65
A195 6.79 7.2 49.9 0.26 10.35 0.32 8 0.00 8.2 1435 7.27 8.88
A196 7.2 7.55 10.2 0.86 1.29 2.34 45 0.01 54.4 219 29.2 35.65
A197 7.55 8 18.1 0.72 2.98 1.55 56 0.01 69.1 495 30.5 37.24
A198 8 8.45 45.1 0.2 10.2 0.21 4 0.00 3.9 1630 2.47 3.02
A199 8.45 8.9 58.3 0.36 10.4 0.2 6 0.00 5.3 1820 2.74 3.35
A200 8.91 9.36 30 0.95 2.58 0.21 250 0.05 67.1 834 35.2 42.98

 

 

Competent Person’s Statement

In accordance with the AIM Note for Mining and Oil and Gas Companies, Kazera Global discloses that Michael Cronwright of MSA Group, is the qualified person that has reviewed the technical information contained in this document. Michael Cronwright has a Pr.Sci.Nat with the South African Council for Natural Scientific Professions (“SACNASP”) and is a member in good standing with SACNASP. Mr Cronwright has the appropriate relevant qualifications, experience, competence and independence to act as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Michael Cronwright consents to the inclusion of the information in this announcement in the form and context in which it appears.