FYI Resources Inc.: Weitere Bohrergebnisse bei Cadoux verdeutlichen Eignung des Rohmaterials für HPA-Raffinierung

FYI Resources Limited („FYI“ oder das „Unternehmen“) freut sich, die restlichen Analyseergebnisse des jüngsten RC-Bohrprogramms beim zu 100 Prozent unternehmenseigenen Kaolinprojekt Cadoux (EL/4673) in Western Australia bekannt zu geben.

Die Analyseergebnisse bestätigen die hochgradige Beschaffenheit der Ressource bei Cadoux und unterstützen die Auffassung von FYI hinsichtlich der Qualität und der Eigenschaften des Kaolins als geeignetes Rohmaterial für die Produktion von hochreinem Aluminiumoxid (HPA) (Aluminiumoxid mit einer Reinheit von 99,99 Prozent) unter Anwendung eines innovativen Prozessfließschemas, das zurzeit vom Unternehmen verfeinert wird.

Obwohl es aufgrund der verspätet eingetroffenen Analyseergebnisse zu geringfügigen Verzögerungen bei den metallurgischen Testarbeiten gekommen ist, geht die allgemeine Fließschemaentwicklung weiterhin gut voran, wobei die technischen Erfolge die Erwartungen der Manager in der vorläufigen Machbarkeitsstudie übertreffen.

Es wurden insgesamt 75 RC-Bohrlöcher auf 1.613 Metern abgeschlossen. Alle Bohrlöcher waren vertikal und wurden bis in Tiefen von zwölf bis 36 Metern gebohrt. Die meisten Bohrlöcher durchschnitten eine Mächtigkeit von über vier Metern Kaolin, wobei mehrere Abschnitte Mächtigkeiten von über 27 Metern Kaolin ergaben. Die Bohrungen umfassten Folgendes:

– 46 Bohrlöcher wurden gebohrt, um einen Teil der bestehenden Mineralressource in einem Bohrabstand von 50 mal 50 Metern zu ergänzen.

– 20 Zaunbohrlöcher wurden im Umfeld der bestehenden Ressourcen gebohrt, jenseits des zuvor erprobten Gebiets.

– Sechs Zwillingsbohrlöcher wurden gebohrt, um die Ergebnisse der vorangegangenen Phase der Luftbohrungen zu überprüfen.

– Drei Bohrlöcher wurden bei der restlichen Mineralressource in Abständen von 100 mal 100 Metern gebohrt.

– Nun, da alle Analyseergebnisse eingetroffen sind, werden zwei Arbeiten unverzüglich durchgeführt:

– Metallurgische Testarbeiten der Variabilität und Finalisierung von Kosten-Nutzen-Rechnungen

– Zusammenstellung der Analyseergebnisse und deren Integration in ein überarbeitetes Ressourcenmodell für das Kaolinprojekt Cadoux durch den unabhängigen geologischen Berater von FYI, CSA Global. Die überarbeitete Mineralressource wird veröffentlicht werden, sobald sie abgeschlossen ist.

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Das Bohrprogramm wurde als Schlüsselkomponente zur Ergänzung des metallurgischen Studienprogramms von FYI sowie zur Entwicklung einer soliden HPA-Produktionsstrategie konzipiert. FYI wird die Raffinierung des HPA-Prozessfließschemas fortsetzen und die HPA-Produktionsstrategie weiterentwickeln.

Die Ergebnisse des letzten Probensatzes sind in Tabelle 1 unten angegeben.

CXRC-028 – Typisches Boden- und Kaolinprofil beim Projekt Cadoux

Roland Hill, Managing Director von FYI, sagte hinsichtlich der zusätzlichen Ergebnisse: „Die restliche Analyse der RC-Bohrungen stimmt mit den Ergebnissen der vorangegangenen Programme überein und unterstützt weiterhin unsere Meinung hinsichtlich der äußerst günstigen Eigenschaften der Lagerstätte Cadoux als Quelle von Rohmaterial für das innovative HPA-Fließschema, das wir zurzeit entwickeln. Das Verständnis der Geologie und der Mineralogie des Projekts ist von grundlegender Bedeutung für den Erfolg der HPA-Raffinierung und wir sind mit der Qualität der Ergebnisse hinsichtlich unserer Entwicklungsstrategie sehr zufrieden.“

Nähere Informationen erhalten Sie über:

Roland Hill

Geschäftsführer

roland.hill@fyiresources.com.au

Tel: 0414 666 178

Simon Hinsley

Investor & Media Relations

Tel: 0401 809 653

simon@nwrcommunications.com.au

Über FYI Resources Limited

FYI positioniert sich derzeit als wichtiger Hersteller von hochreinem Aluminiumoxid (4N oder HA) auf dem sich rasch weiterentwickelnden Markt für LED, Elektrofahrzeuge, Smartphone- und Fernsehbildschirme und sonstigen verwandten Märkten für High-Tech-Produkte.

Grundlage für die von FYI Resources gewählte „Aluminiumoxid-Strategie“ bilden die hervorragende Qualität der Aluminiumoxid-(Kaolin)-Lagerstätte im unternehmenseigenen Kaolinprojekt Cadoux in Westaustralien sowie die positive Reaktion des Rohstoffes auf das vom Unternehmen gewählte HCl-Flowsheet (mittlere Temperatur, atmosphärischer Druck). Die Strategie des Unternehmens überzeugt mit qualitativ hochwertigen Eigenschaften, die in Kombination ein Aluminiumoxid-Projekt mit erstklassigem Potenzial ergeben.

Erklärung der kompetenten Person

Informationen in dieser Pressemitteilung, die sich auf die Mineralressource bei Cadoux beziehen, basieren auf Informationen in den Pressemitteilungen des Unternehmens vom 8. Mai und 26. Juli 2017 und können auf der Website des Unternehmens unter www.fyiresources.com.au aufgerufen werden. Informationen, die sich auf Mineralressourcen beziehen, basieren auf Informationen von Andrew Kohler, einer kompetenten Person (Competent Person) und einem Mitglied des Australasian Institute of Mining and Metallurgy. Herr Kohler ist ein Angestellter von Strategic Resource Management und ein Berater des Unternehmens. Die Mineralressourcenschätzung entspricht den Empfehlungen des Australian Code for Reporting of Mineral Resources and Ore Reserves (2012) desJoint Ore Reserves Committee („JORC“). Herr Kohler stimmt der Integration des Berichts in Form und Inhalt zu. Das Unternehmen bestätigt, dass keine neuen Informationen oder Daten vorliegen, die sich erheblich auf die in der ursprünglichen Marktmitteilung enthaltenen Informationen auswirken könnten, und dass alle grundlegenden Annahmen und technischen Parameter, die die Schätzungen in der entsprechenden Marktmitteilung untermauern, weiterhin gelten und sich nicht grundlegend geändert haben.

Informationen in dieser Meldung, die sich auf Explorationsergebnisse beziehen, basieren auf Informationen, die von Andrew Kohler erstellt wurden. Herr Kohler verfügt über eine ausreichende Erfahrung, die für diese Art von Mineralisierung und Lagerstätte sowie für seine Tätigkeiten erforderlich ist, um als kompetente Person (Competent Person) gemäß der Ausgabe von 2012 desAustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves definiert werden zu können. Die Explorationsergebnisse entsprechen den Empfehlungen des Australian Code for Reporting of Mineral Resources and Ore Reserves (2012) des Joint Ore Reserves Committee („JORC“). Herr Kohler stimmt der Integration des Berichts in Form und Inhalt zu.

Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung für den Inhalt, die Richtigkeit, die Angemessenheit oder die Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com,www.sec.gov, www.asx.com.au/ oder auf der Firmenwebsite!

TABLE 1

FYI RC drilling results – 2 metre composites (balance from May 2018 program refer to announcement

25 June 2018 for initial results)

ELEMENTS		Al2O3	Fe2O3	K2O	LOI	MgO	MnO	P2O5	SiO2	TiO2
UNITS		%	%	%	%	%	%	%	%	%
DETECTION		0.01	0.01	0.01	0.01	0.01	0.01	0.002	0.01	0.01
METHOD		FB1/XRF	FB1/XRF	FB1/XRF	/TGA	FB1/XRF	FB1/XRF	FB1/XRF	FB1/XRF	FB1/XRF
SAMPLE NUMBERS
Hole# CXRC050 (from 4m- 22m)
10596		21.26	7.11	0.1	8.66	0.12	X	0.005	61.68	0.86
10597		12.44	1.24	0.05	4.75	0.07	X	0.002	80.26	0.74
10598		25.45	0.78	0.09	9.35	0.06	X	0.06	63.2	0.68
10599		9.68	0.7	0.03	3.63	0.04	X	0.006	84.77	0.95
10600		30.17	0.76	0.14	11.2	0.09	X	0.19	55.52	1.48
10565		26.55	0.74	0.15	9.88	0.15	X	0.089	62.01	0.4
10566		22.25	0.85	0.16	8.33	0.07	X	0.073	67.65	0.41
10567		20.31	1.22	2.24	6.59	0.07	0.01	0.076	68.43	0.52
10568		18.01	1.16	4.97	4.23	0.08	0.01	0.079	69.84	0.58
Hole# CXRC053 (from 4m – 30)
10608		8.79	0.89	0.07	3.28	0.08	X	0.004	86.29	0.66
10609		6.9	0.5	0.02	2.52	0.04	X	0.004	89.29	0.67
10610		28.33	1.1	3.57	8.16	0.91	X	0.051	55.77	1.51
10611		5.81	0.41	0.01	2.2	0.04	X	0.006	90.21	0.9
10612		15.8	0.77	0.1	5.67	0.05	X	0.018	76.58	1
10613		25.32	0.79	0.11	9	0.06	X	0.023	64.06	0.48
10615		28.14	0.93	0.1	10.01	0.07	0.01	0.023	60.15	0.55
10614		26.39	0.4	0.29	9.47	0.05	X	0.018	63.18	0.15
10616		27.62	0.66	0.75	9.63	0.05	0.01	0.037	60.33	0.5
10617		18.56	0.73	3.41	5.22	0.04	0.02	0.03	70.51	0.83
10618		20.16	0.67	3.63	5.7	0.05	0.01	0.025	68.6	0.61
10619		19.22	0.97	4.75	4.88	0.04	0.01	0.035	69.23	0.53
10620		17.77	0.75	4.95	4.28	0.04	0.01	0.035	71.3	0.36
10621		18.63	0.77	4.75	4.04	0.17	0.01	0.054	69.8	0.32
Hole# CXRC046 (from 4m – 32m)
10512		10.32	0.54	0.05	3.87	0.05	X	0.014	83.27	1.69
10513		28.47	0.89	0.04	10.16	0.05	0.01	0.073	58.78	1.29
10514		28.69	0.68	0.07	10.35	0.06	0.01	0.101	58.36	1.4
10515		26.98	0.96	0.08	9.63	0.05	0.02	0.071	60.96	1.28
10516		26.79	0.56	0.08	9.8	0.05	0.02	0.076	61.2	1.25
10517		23.45	1.22	0.38	8.45	0.07	0.01	0.076	65.32	0.57
10518		20.35	0.65	1.54	6.78	0.05	X	0.079	69.91	0.27
10519		23.89	0.78	1	8.31	0.05	0.02	0.141	64.16	1.11
10520		22.54	0.75	1.91	7.5	0.05	0.01	0.148	65.8	0.93
10521		19.87	1.72	2.7	6.09	0.04	0.02	0.096	68.5	0.76
10522		21.46	1.07	1.62	7.26	0.04	0.02	0.075	67.05	1.03
10523		19.76	1.68	2.6	6.06	0.04	0.02	0.05	68.04	0.96
10524		18.62	0.6	3.74	5.21	0.03	0.02	0.045	70.04	0.91
10525		21.48	2.5	1.38	6.85	0.26	0.03	0.116	64.74	1.42
Hole# CXRC047 (from 4m – 26m)
10530		28.4	1.11	3.56	8.16	0.92	X	0.052	55.65	1.51
10531		12.04	1.94	0.16	4.61	0.12	X	0.01	79.84	0.76
10532		6.59	0.68	0.07	2.46	0.05	X	0.006	89.13	0.78
10533		6.24	0.52	0.02	2.29	0.04	X	0.006	89.36	1.16
10534		32.95	0.58	0.08	11.82	0.07	X	0.024	53.61	0.78
10535		33.58	0.54	0.1	11.94	0.09	X	0.039	52.38	0.97
10536		27.89	0.65	0.74	9.73	0.2	X	0.035	59.39	1.02
10537		26.77	0.84	1.02	9.22	0.17	0.01	0.05	60.16	1.11
10538		29.48	0.46	0.64	10.41	0.08	X	0.054	57	1.01
10539		27.09	0.77	1.2	9.3	0.06	0.02	0.039	59.96	1.16
10540		27.12	0.56	1.85	9.14	0.06	0.01	0.073	59.65	1.19
10541		22.63	1.53	2.57	6.92	0.2	0.02	0.251	63.47	1.38
Hole# CXRC048 (from 4m-24m)
10545		13.98	7.81	0.12	6.56	0.16	X	0.006	70.08	0.79
10546		10.23	0.97	0.03	3.97	0.06	X	0.002	82.9	0.99
10547		7.29	0.68	0.03	2.79	0.05	X	0.003	87.99	0.64
10548		9.89	0.5	0.02	3.8	0.04	X	0.007	84.3	0.96
10549		25.81	1.08	0.09	9.23	0.06	0.01	0.013	62.43	0.68
10551		26.75	0.83	0.45	9.41	0.06	X	0.015	61.32	0.71
10552		21.93	0.76	2.31	6.88	0.07	0.01	0.023	67.51	0.59
10553		20.12	0.89	2.83	6.19	0.06	0.01	0.047	68.91	0.69
10554		18.37	0.78	4.46	4.72	0.05	0.01	0.088	70.49	0.44
10555		15.33	2.33	4.82	1.33	0.5	0.02	0.042	71.44	0.37
Hole# CXRC049 (from 4m – 16m)
10559		8.5	2.93	0.04	3.48	0.04	X	0.003	84.7	0.56
10560		23.62	3.48	0.11	9.09	0.08	X	0.002	62.93	0.59
10561		23.09	2.13	1.6	8.09	0.06	X	0.003	64.06	0.51
10562		18.8	2.35	3.99	5.15	0.14	0.01	0.016	68.18	0.45
10563		15.93	3.07	4.77	2.77	0.51	0.02	0.035	70.18	0.35
Hole# CXRC051 (from 6m- 30m)
10574		10.52	1.31	0.04	4.07	0.07	X	0.003	82.74	0.92
10575		6.57	0.75	0.04	2.48	0.04	X	0.004	88.38	1.05
10576		24.81	0.95	0.09	8.96	0.06	X	0.036	63.33	1.14
10577		28.08	1.04	0.16	10.02	0.08	0.01	0.053	58.82	1.16
10578		25.38	0.94	0.09	8.99	0.06	0.01	0.048	62.82	1.06
10579		26.02	1.1	0.12	9.26	0.06	0.01	0.055	61.43	1.39
10580		29.2	0.99	0.09	10.44	0.07	0.01	0.057	57.94	0.85
10581		25.94	0.67	2.04	8.42	0.05	0.01	0.141	60.9	1.14
10582		25.79	0.6	2.76	8.1	0.05	0.02	0.172	60.01	1.46
10583		21.96	1.04	0.89	7.54	0.07	0.01	0.22	66.35	1.26
10584		23.87	1.68	3.21	6.46	0.72	0.02	0.207	60.87	1.21
10585		18.94	0.97	4.56	3.67	0.19	0.01	0.162	68.4	0.68
Hole# CXRC052 (from 4m – 24m)
10588		16.42	6.39	0.15	6.81	0.15	X	0.005	68.86	0.75
10589		11.15	0.88	0.03	4.14	0.07	X	0.004	82.14	1.26
10591		6.59	0.63	0.01	2.38	0.04	X	0.003	89.3	0.8
10592		9.22	0.58	0.02	3.37	0.04	X	0.015	84.64	1.87
10593		26.88	0.86	0.06	9.82	0.08	0.01	0.076	60.28	1.5
10601		23.63	1.2	0.15	8.59	0.07	0.01	0.093	64.27	1.2
10602		25.69	1.27	0.29	9.33	0.07	0.02	0.156	60.84	1.68
10603		23.52	1.15	1.07	8.23	0.07	0.02	0.116	63.65	1.4
10604		23.59	2.55	1.78	7.21	0.79	0.03	0.128	60.18	1.51
10605		16.75	4.85	2.78	2.54	1.89	0.04	0.067	64.92	1.03
Hole# CXRC054 (from 4m – 13m)
10624		13.43	1.36	0.09	5.13	0.12	X	0.005	79.12	0.7
10625		6.2	0.47	0.02	2.36	0.04	X	0.008	88.88	1.92
10626		11.32	1.01	0.11	4.36	0.08	X	0.013	81.36	1.63
10627		32.13	0.58	0.18	11.57	0.08	X	0.036	53.79	1.58
10628		18.18	1.6	0.16	6.82	0.1	X	0.017	71.74	1.49
Hole# CXRC055 (from 4m – 26m)
10632		11.99	1.13	0.07	4.54	0.14	X	0.006	81.14	0.76
10633		6.47	0.55	0.02	2.44	0.05	X	0.007	88.95	1.42
10634		10.59	0.67	0.03	3.94	0.05	X	0.011	82.54	1.66
10635		19.33	1.14	0.09	7.17	0.07	X	0.019	70.34	1.68
10636		20.89	1.18	1.12	6.94	0.06	0.01	0.049	68.74	0.74
10637		23.57	0.79	0.52	8.24	0.06	0.01	0.08	64.84	1.11
10638		25.33	0.76	0.97	8.54	0.07	0.01	0.089	62.51	1.08
10639		26.51	0.63	0.74	9.27	0.08	0.01	0.069	61.24	1.08
10640		28.54	0.68	1.79	9.53	0.06	X	0.063	58.27	0.74
10641		21.65	0.85	3.43	6.38	0.07	X	0.081	66.15	1.12
10642		22.45	1.55	2.99	6.82	0.11	X	0.08	64.62	0.83
Hole# CXRC056 (4m – 20m)
10645		5.69	0.69	0.03	2.07	0.04	X	0.005	90.64	0.55
10646		4.82	0.63	0.02	1.69	0.03	X	0.009	91.2	1.44
10647		28.74	0.59	0.08	10.3	0.06	X	0.027	59.32	1.02
10648		27.52	0.56	0.11	9.74	0.05	0.01	0.025	60.79	0.6
10649		24.55	0.91	0.15	8.52	0.04	0.02	0.038	64.72	0.6
10650		28.44	1.11	3.59	8.08	0.93	X	0.053	55.71	1.52
10651		24.36	1.02	1.66	7.78	0.11	0.01	0.063	64.64	0.3
10652		21.1	1.36	2.26	6.5	0.06	0.01	0.071	67.94	0.4
10653		22.19	1.06	2.62	6.76	0.06	0.01	0.062	66.53	0.35
Hole# CXRC057 (4m – 22m)
10656		8.07	1.63	0.06	3.36	0.11	X	0.007	85.31	1.13
10657		27.73	3.59	0.06	10.51	0.15	X	0.025	56.79	0.67
10658		27.71	1.64	0.09	10.2	0.11	X	0.033	59.1	0.56
10659		29.93	1.2	0.13	10.86	0.08	X	0.034	56.76	0.58
10660		26.98	1.1	0.33	9.7	0.08	X	0.049	60.84	0.71
10661		26.22	1.18	0.15	9.47	0.09	0.01	0.053	62.12	0.92
10662		25.06	1.78	0.9	8.8	0.12	0.02	0.046	61.95	0.87
10663		23.44	1.76	1.2	8.14	0.13	0.02	0.053	64.08	0.94
10664		21.76	2.18	1.47	7.42	0.11	0.07	0.087	65.31	1.32
Hole# CXRC058 (from 4m – 12m)
10668		7.46	0.89	0.03	2.81	0.08	X	0.005	87.45	1.25
10669		12.98	8.55	0.06	5.82	0.42	X	0.02	71.4	0.66
10671		24.63	2.78	0.08	9.25	0.15	X	0.092	61.2	1.29
10672		22.7	3.75	1.21	8.23	0.2	X	0.237	61.53	1.55
Hole# CXRC059 (from 10m – 21m)
10678		22.94	2.6	0.13	9.37	0.12	X	0.035	63.91	0.79
10679		29.48	1.89	0.08	11.14	0.07	0.02	0.093	55.42	1.45
10680		20.86	1.21	0.54	7.48	0.06	X	0.098	68.71	0.52
10681		18.36	0.93	3.24	5.43	0.05	X	0.053	70.81	0.51
10682		19.73	1.06	3.32	5.65	0.12	0.01	0.07	68.4	0.42
10683		15.37	1.91	5.1	1.75	0.51	0.02	0.025	71.33	0.39
Hole# CXRC060 (from 8m – 30m)
10688		22.7	3.16	0.1	9.16	0.15	X	0.005	63.48	0.89
10689		14.16	2.46	0.09	5.55	0.07	X	0.026	75.85	1.39
10690		28.41	1.11	3.57	8.22	0.92	X	0.053	55.68	1.51
10691		28.61	2.57	0.12	10.86	0.09	X	0.063	56.61	0.7
10692		25.35	1.13	0.17	9.25	0.06	X	0.059	62.92	0.83
10693		26.92	1.22	0.13	9.86	0.06	0.01	0.163	60	1.18
10694		33.8	1.45	0.17	12.59	0.09	0.01	0.314	49.38	1.55
10695		21.69	1.09	1.82	7.15	0.05	0.01	0.185	66.24	0.93
10696		22.39	1.2	2.98	6.79	0.06	0.01	0.118	64.85	0.7
10697		17.04	0.58	5.43	3.29	0.06	0.01	0.102	71.66	0.48
10698		18.45	0.87	6.01	4.07	0.06	0.01	0.113	68.64	0.69
10699		18.2	1.85	7.74	2.76	0.44	0.02	0.135	65.39	0.96
Hole# CXRC061 (from 8m – 26m)
10704		11.71	0.77	0.04	4.33	0.05	X	0.007	81.92	0.67
10705		16.49	1.04	0.07	5.98	0.04	X	0.092	74.96	0.81
10706		22.26	1.1	0.1	7.99	0.04	X	0.184	67.02	0.63
10707		21.57	1.14	0.13	7.67	0.04	0.01	0.326	67.64	0.67
10708		24.6	2.48	0.59	8.82	0.14	X	0.101	61.49	0.92
10709		20.44	1.16	0.45	7.05	0.05	0.01	0.067	69.39	0.7
10711		20.67	1.14	3.06	6.13	0.05	0.01	0.104	68.17	0.59
10712		17.75	0.75	4.45	4.57	0.05	X	0.095	71.52	0.4
10713		19.08	2.05	3.1	3.22	0.75	0.03	0.139	66.47	0.86
Hole# CXRC062 (from 6m – 29m)
10717		8.53	0.77	0.02	3.17	0.05	X	0.005	86.68	0.86
10718		8	0.42	X	2.97	0.03	X	0.004	87.77	0.62
10719		18.95	1.05	0.05	6.74	0.05	0.01	0.015	72	0.98
10720		20.45	1.4	0.11	7.2	0.05	0.01	0.013	69.95	0.64
10721		23.42	1.24	0.12	8.35	0.05	0.01	0.022	65.57	0.96
10722		22.29	1.2	0.12	7.88	0.05	0.01	0.042	67.83	0.8
10723		23.75	1.05	0.23	8.61	0.04	X	0.054	64.66	0.97
10724		23.67	0.94	0.75	8.42	0.05	X	0.068	64.45	1.19
10725		20.43	1.03	2.26	6.65	0.05	X	0.054	68.26	0.75
10726		14.14	1.98	5.62	1.23	0.13	0.01	0.057	72.83	0.32
10727		21.53	1.06	2	7.15	0.04	0.01	0.061	66.93	0.77
10728		18.74	1	4.51	4.56	0.08	0.01	0.073	69.28	0.58
Hole# CXRC063 (from 6m – 34m)
10730		28.38	1.06	3.55	8.22	0.93	X	0.054	55.51	1.52
10733		8.81	0.7	0.03	3.37	0.05	X	0.003	86.42	0.65
10734		8.47	0.53	0.04	3.14	0.04	X	0.011	86.71	0.92
10735		29.78	0.92	0.08	10.63	0.05	0.01	0.019	57.87	0.69
10736		28.05	0.52	0.52	10.05	0.06	X	0.046	59.67	0.55
10737		28.26	0.51	0.9	10.03	0.05	X	0.095	58.9	0.49
10738		22.51	0.61	2.8	6.93	0.05	0.01	0.041	65.87	0.56
10739		19.31	0.56	3.76	5.47	0.04	0.01	0.031	69.74	0.57
10740		21.07	0.59	3.78	5.98	0.03	0.01	0.054	67.45	0.57
10741		19.62	0.51	4.38	5.15	0.04	0.01	0.071	68.63	0.64
10742		20.04	0.65	4.09	5.63	0.04	0.01	0.063	67.51	0.88
10743		21.07	1.11	2.97	6.57	0.04	0.04	0.155	64.8	2.16
10744		17.42	0.78	4.91	4.43	0.04	0.01	0.116	70.68	0.6
10745		16.7	0.62	5	4	0.04	0.01	0.102	72	0.6
10746		19.04	0.81	4.58	5.08	0.06	0.01	0.092	69.04	0.96
Hole# CXRC064 (from 6m – 36m)
10752		6.62	0.4	0.02	2.51	0.04	X	0.006	89.49	0.93
10753		8.07	0.57	0.02	3.02	0.03	X	0.008	87.71	0.79
10754		26.8	1.1	0.08	9.63	0.05	0.01	0.016	61.63	0.65
10755		29.39	0.67	0.2	10.79	0.04	X	0.032	58.11	0.55
10756		23.13	0.67	1.56	7.79	0.05	0.01	0.035	65.54	0.63
10757		18.76	0.72	3.25	5.45	0.03	0.01	0.031	70.65	0.6
10758		16.84	0.8	3.93	4.47	0.04	0.01	0.037	72.92	0.57
10759		23.71	0.5	3.05	7.29	0.04	0.01	0.04	64.65	0.42
10760		20.55	0.99	3.67	5.71	0.04	0.02	0.043	67.92	0.43
10761		18.9	0.51	4.24	5.09	0.04	0.01	0.06	69.82	0.5
10762		19.04	0.65	4.35	5.06	0.04	0.01	0.06	69.99	0.54
10763		17.97	0.91	4.66	4.46	0.04	0.01	0.13	70.15	0.51
10764		18.75	0.69	4.25	5.09	0.04	0.01	0.078	69.8	0.54
10765		18.87	0.86	4.33	5.05	0.04	0.01	0.064	69.52	0.49
10766		20.46	0.97	4.2	5.82	0.04	X	0.078	67.23	0.57
Hole# CXRC065 (from 4m – 20m)
10769		6.58	0.71	0.05	2.6	0.04	X	0.006	88.7	0.99
10770		6.06	0.6	0.08	2.34	0.04	X	0.009	89.45	1.44
10771		28.55	0.61	0.11	10.39	0.06	X	0.031	58.91	1.29
10772		29.59	0.62	0.15	10.78	0.06	X	0.064	56.76	1.82
10773		28.77	1.12	0.45	10.28	0.09	0.02	0.084	57.02	1.79
10774		23.29	0.78	2.29	7.7	0.07	0.03	0.087	63.8	1.42
10775		24.24	1.95	2.51	8.09	0.09	0.03	0.116	60.56	1.69
10776		18.41	1.62	4.44	5.03	0.08	0.03	0.067	69.26	0.55
Hole# CXRC066 (from 4m – 18m)
10779		7.64	0.66	0.07	2.85	0.05	X	0.006	87.68	1.13
10780		6.91	0.55	0.05	2.57	0.04	X	0.006	88.69	1.1
10781		21.59	0.79	0.43	7.67	0.08	X	0.033	68.22	0.72
10782		24.01	1.25	1.16	7.94	0.06	0.02	0.044	63.99	1.08
10783		24.57	0.93	1.82	8.17	0.05	0.01	0.075	62.86	1.04
10784		23.49	1.21	2.4	7.6	0.06	0.01	0.088	63.72	0.96
10785		20.06	1.79	3.31	6.04	0.06	0.03	0.162	66.9	0.85
Hole# CXRC067 (from 4m – 15m)
10788		18.28	0.92	0.06	6.79	0.08	X	0.019	73.39	0.67
10789		28.7	1.18	0.16	10.55	0.06	X	0.024	58.04	0.94
10790		28.42	1.11	3.55	8.15	0.93	X	0.054	55.63	1.54
10791		28.39	2.3	0.15	10.54	0.09	X	0.075	57.44	1.07
10792		27.9	1.82	0.19	10.29	0.09	X	0.109	58.12	1.14
10793		24.3	1.53	0.41	8.75	0.07	X	0.088	64.3	0.64
10794		19.78	1.81	0.68	6.66	0.07	0.02	0.044	70.97	0.17
Hole# CXRC068 (from 6m – 23m)
10798		8.59	0.71	0.07	3.26	0.06	X	0.004	86.19	0.96
10799		20.56	1.54	0.03	7.77	0.06	X	0.019	68.06	1.23
10800		28.27	1.31	0.08	10.34	0.09	X	0.162	58.79	1.08
10801		24.48	1.44	1.23	8.47	0.09	X	0.161	62.17	1.34
10802		23.32	0.71	2.51	7.6	0.07	X	0.282	63.43	1.44
10803		25.2	0.88	1.94	8.37	0.07	0.01	0.239	60.98	1.49
10804		21.02	1.04	3.36	6.11	0.06	0.01	0.096	67.18	0.84
10805		19.51	1.72	3.18	5.8	0.09	0.02	0.165	67.15	1.57
10806		17.37	2.48	3.35	3.88	0.34	0.03	0.141	68.49	1.41
Hole# CXRC069 (from 6m – 28m)
10811		15.1	2.06	0.07	5.66	0.12	X	0.007	75.93	1.18
10812		22.32	2.02	0.05	8.41	0.1	X	0.026	66.43	0.75
10813		23.72	1.63	0.05	8.75	0.06	X	0.054	65.16	0.54
10814		22.91	0.95	0.08	8.28	0.06	X	0.091	66.75	0.58
10815		22.34	0.93	0.08	8.04	0.05	0.01	0.108	67.58	0.57
10816		20.86	0.71	0.08	7.61	0.06	0.01	0.083	70.08	0.46
10817		20.94	0.7	0.28	7.65	0.06	0.01	0.232	68.69	0.65
10818		19.76	0.72	2.15	6.49	0.05	0.01	0.118	69.72	0.56
10819		19.47	1.09	3.68	5.41	0.05	0.01	0.147	68.62	0.76
10820		18.2	1.02	5.07	4.44	0.05	0.01	0.105	69.56	0.81
10821		17.24	1.54	4.62	3.17	0.18	0.02	0.134	70.94	0.48
Hole# CXRC070 (from 4m – 18m)
10824		19.61	19.05	0.07	9.61	0.12	X	0.01	50.71	0.81
10825		15.2	8.61	0.19	6.79	0.17	X	0.011	68.12	0.9
10826		19.07	3.54	0.18	8.44	0.34	X	0.009	67.17	0.74
10827		17.09	5.52	0.18	8.09	0.32	X	0.012	67.83	0.56
10828		23.83	4.28	0.16	9.57	0.28	X	0.032	60.81	0.91
10829		20.17	16.32	0.73	9.31	0.24	0.01	0.132	51.83	1.12
10830		28.33	1.12	3.59	8.29	0.92	X	0.053	55.52	1.51
Hole# CXRC072 (from 2m – 10m)
10839		25.3	4.96	0.08	9.6	0.12	X	0.006	58.7	0.77
10840		24.07	3.24	0.05	9.06	0.06	X	0.004	63.02	0.78
10841		20.63	2.16	0.08	7.44	0.04	X	0.004	69.55	0.45
10842		22.42	2.04	0.28	8.22	0.07	X	0.006	66.9	0.33
	Hole# CXRC073 (4m – 16m)
10846		12.91	3.31	0.09	5.1	0.14	X	0.006	77.86	0.81
10847		12.69	2.8	0.16	4.85	0.1	X	0.007	79.13	0.48
10848		17.85	0.99	1.86	5.59	0.05	X	0.006	73.28	0.31
10849		18.93	1.09	2.45	5.82	0.06	X	0.007	71.44	0.25
10851		16.21	2.04	4.62	3.2	0.1	X	0.01	73.03	0.22
10852		17.28	2.04	4.35	3.82	0.31	0.01	0.01	70.33	0.4
	Hole# CXRC074 (from 4m – 18m)
10856		10.64	2.05	0.07	4.4	0.1	X	0.005	79.49	0.73
10857		22.02	2.05	0.11	8.5	0.08	X	0.019	65.8	1.02
10858		23.69	2.05	0.14	8.62	0.07	X	0.023	65.06	1.17
10859		27.81	2.06	0.14	9.8	0.06	X	0.038	59.96	1.25
10860		26.59	2.06	0.17	9.49	0.05	X	0.035	61.44	1.3
10861		23.77	2.07	1.99	7.68	0.05	0.01	0.071	64.27	1.04
10862		24.48	2.07	1.16	8.62	0.17	0.01	0.197	61.52	1.46
	Hole# CXRC075 (from 4m – 15m)
10866		12.95	2.08	0.08	5.25	0.15	X	0.005	76.87	0.71
10867		13.81	2.08	0.1	5.58	0.17	X	0.006	75.85	0.82
10868		23.24	2.09	0.13	8.28	0.07	X	0.013	66.45	0.67
10869		31.04	2.09	0.31	11.21	0.08	X	0.03	55.06	0.82
10870		28.39	2.09	3.59	8.21	0.92	X	0.053	55.5	1.51
10871		24.65	2.10	1.56	8.37	0.23	0.02	0.034	61.75	1
10872		19.77	2.10	2.66	6.57	1.22	0.06	0.032	61.59	0.86

Appendix 1

JORC Code 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

Criteria	Commentary
Sampling techniques	Reverse Circulation (RC) chip samples were collected at 1m intervals from a cone splitter mounted on the side of the RC rig. 75% of the sample volume from each drilled metre was collected in a 900x600mm green plastic bag, and the remaining 25% of volume is used to generate a split sample which is collected in a 200x150mm calico bag and then placed into a green plastic bag and sealed to retain sample moisture. The split samples were collected directly from the cyclone / splitter because the samples for assay are also measured for insitu moisture. The samples were composited into 2m samples (generated from the drill rig cone splitter) and sent to Intertek for sampling analysis + moisture testing.
Drilling techniques	RC was employed on the drilling program using a 450 Schramm drill rig with KL rod handler, auto maker/breaker slips table, rig-mounted cone sampling system and with hammer and blade bit capabilities. Both hammer and blade drilling was employed on various selected holes to gauge variability and quality of sample return as well as to compare with repeat holes from previous drilling.
Drill sample recovery	Sample recoveries from the RC drilling were weighed and measured and sizes recorded demonstrating that sample recovery from all holes was of an acceptable standard. Photos of separate chip (cuttings) trays were also taken to demonstrate the lithology profile of the hole. Selected samples were also tested for moisture content – allowing a greater confidence in sample return quality and for specific gravity testing.
Logging	Chip tray samples were taken along with normal logging procedures and protocols. 2 sets of logging and sample correlation was conducted on site during the drilling and sampling program. The chip tray samples were non-sieved and dry and photographed on a whole hole basis. All holes were field logged by 1m intervals by a qualified geologist for a variety of geological qualities, characteristics and definition.
Sub-sampling techniques and sample preparation	All sampling procedures for the RC drilling have been reviewed by a qualified geologist and is considered to be of a high standard. The RC drilling sampling procedure was 1m samples split using a rig mounted cone splitter and collected in marked plastic bags. A 2m composite sample was generated from 1-2kg collected in small calico bags which were then placed in small green plastic bags. These were marked with corresponding sample numbers. At regular and adhoc intervals, repeat samples were taken and noted as well as interspersed standard samples of quartz (blank) and kaolin (standard) were also included at a 1in 9 interval as sample checks for QA/QC. All samples were sent to Perth to Intertek for laboratory sampling interspersed with the RC drilling program samples. Larger (5-10kg) samples were collected in large green plastic bags on a 1m sample basis and sent to Independent Metallurgical Operations (IMO) for further metallurgical testwork purposes. All samples were dry. 715 1-2kg samples (including repeats and standards) totalling 1613 metres of drilling were brought back to Perth for testing. Total sample returns were measured by weighing and estimating return volume percentages. All samples were “dry” other than the occasional sample that may have been affected by water introduced by the driller to remove pipe blockages. The 2 m composite samples were generated from the rig mounted cone splitter ensuring equal amounts were collected from each metre, thus giving a homogeneous volume for each metre in the composites. Samples were submitted to Intertek laboratories in Perth, Western Australia for XRF analysis methods on a range of elements and kaolin parameters as well as testing for insitu moisture (LOM/DR). Mr Kohler has reviewed the QAQC data and has found it to be of high standard.
Quality of assay data and laboratory tests	Analysis for Sizing, SiO2, Al2O3, Fe2O3, TiO2, CaO, MgO, K2O, Na2O, P2O5, Mn3O4, Cr2O3 and LOI, was completed using XRF methods in a globally recognised analysis laboratory. All of the inserted repeat samples, duplicates, blanks and standards are within tolerance of the original assay and without bias. Mr Kohler reviewed internal QAQC reports and analysis and confirms that all assay data used is of high industry standard for quality assurance/quality control procedures.
Verification of sampling and assaying	The drilling program designed by CSA Global also included verification drilling and sampling of the previous Air Core drilling program that was completed in May 2017. The verification included 6 repeat RC holes against the previous Air Core holes.
Location of data points	All drill holes used in the resource estimate have been accurately surveyed by a licenced contract surveyor (+/-10cm accuracy). The collar locations were also checked by the site geologist using a Garmin GPS at site. The vertically drilled holes (-90) were drilled to a maximum of -34m and were followed up with down hole surveying by Surtech Geophysical Services.
Data spacing and distribution	75 holes were drilled in approximately 1km square at approximately 50m spacings or 100m spacing between the previous Air Core drilling. This resulted in a generally 50 x50m coverage of the deposit area. The drill spacing was considered suitable to establish both geological and grade continuity for definition of Inferred Mineral Resource. Samples were composited to 2m for analysis.
Orientation of data in relation to geological structure	The orientation of the drilling is approximately perpendicular to the strike and dip of the mineralisation and the risk of sample bias is considered to be low.
Sample security	All samples were under supervision from the rig to the laboratory. All residual sample material is stored securely in sealed bags.
Audits or reviews	Mr Kohler has reviewed QAQC results and found the sampling and the sample handling techniques to be of a high standard for the project QA/QC.

Section 2 Reporting of Exploration Results

Criteria	Commentary
Mineral tenement and land tenure status	The granted Exploration Licence 70/4673 in Western Australia, covering an area of 59km2
Exploration done by other parties	White Gold Kaolin (WGK) carried out all the previous prospecting and drilling work that is on the tenement EL 70/4673. The previous aircore drilling was comprised of 47 drill holes for 824m. The exploration work was carried out from 2011 to 2014.
Geology	The project area is underlain by weathered granitoid Archaean rock of the Yilgarn Granites is the likely parent material for the kaolin. Here, deep weathering of the feldspathic and ferromagnesian minerals within the metamorphosed granitic has resulted in the formation of kaolinite. There is no outcrop but recognizable granitoidal fragmental rocks are sometimes present just below surface. The crust of the overburden comprises gravel and sands over reddish to off white clay. White kaolin underlies the overburden followed by weathered, partial oxidised and then fresh ganitoids at depth. The recent drilling at the property has revealed a weathering profile which is very common in Western Australia with the granitoid rocks, deeply weathered forming a leached, kaolinized zone under a lateritic crust. Analysis at the Laboratory shows particle size distributions are typical of “primary style” kaolins produced from weathered granites. The crust of overburden comprises gravel and sands over reddish to off-white clay to an average depth of 5m. White kaolin then averages approximately 16 m before orange to yellow sandy and mottled clays are intersected which are followed by recognizable rounded granitoid material. The thickness of the kaolin profile varies from less than 1m to a maximum of 28m. Fresh granitoids are found at depths of between 10 and 30m. All kaolin resources are within 4 to 11 metres of the surface. 47 Air Core drillholes with a total of 824m drilled in May 2017 with a further Reverse Circulation drilling program conducted in April 2018 consisting of 75 RC drill holes totalling 1613 metres resulting in 715 2m composite samples. All holes were drilled vertically. Intersected kaolin thickness ranged from 1-28m.
Drill hole Information	75 Reversce Circulation drill holes were drilled on an approximate 50m x 50m pattern at -90 dip and 0 degrees azimuth. The deepest hole was approximately 35m deep with the average being approximately 21.5m deep.
Data aggregation methods	Cadoux’s geological model required a minimum thickness intercept of 2m of kaolinite with the requirement of having to be visually bright white to be included in the estimate. Samples within the wireframe were composited to 2m intervals based on visually contiguous down-hole intervals. The sample intervals were selected by the site project Geologist. No high-grade cuts were applied. Industry standard for Kaolinite cutoffs are a maximum value of 0.7% Fe2O3, 0.5% TiO2 and 2% K2O. Assay results from drilling were all lower than the cutoff values.
Relationship between mineralisation widths and intercept lengths	All drill holes are vertical (-90). The orientation of the drilling is approximately perpendicular to the strike and dip of the mineralisation.
Diagrams	Refer to figure 1
Balanced reporting	The reporting is considered to be balanced.
Other substantive exploration data	The normal high levels of QA/QC for the retrieving and recording of the field data and sampling techniques were observed by the attending field geologist (CSA). The collar locations were planned by CSA prior to the program and surveyed in by a qualified surveyor. The drill rig was positioned on site by the supervising senior geologist. The drill collars were surveyed and RL’s measured of the actual collar post drilling.
Further work	There is little further geological definition work to do on the project – other than to expand the resource with further step-out drilling. At the appropriate time – conversion of the resource to a higher category will be required. There has been sufficient work conducted at a high degree of quality to allow for this calculation to be done without further site activity (ie drilling).