The strike length is estimated at 6 km, although further work is required to determine the potential size and nature of the deposit. The total target area is approximately 29 km². A Provision-of-Works (POW) application has been submitted for approval of future drilling programs, once approved Allup intends to advance drilling. Metallurgical results are pending. As soon as these are available, an indication of the processed final product will be released to market better describing the cleaned-up product specification.
Figure 1: Quartz sand results from Pink Bark in the E63/2139 property.
In light of the preliminary positive values of the raw samples, the Company has sent bulk samples to the Nagrom Metallurgical Laboratory in Perth for further test work (wet sieving, heavy liquid separation, abrasion and sieving, magnetic separation). These tests will help determine the potential of these silica sands to be processed into a suitable silica sand product after processing. These tests are currently underway and once final results are available, they will be forwarded to Battery Limits' metallurgical consultants for preparation of an independent metallurgical report that will be released to the market.
Pink Bark is located approximately 110 kilometers north of Esperance, between the small towns of Salmon Gums and Grass Patch. The exploration project consists of two concessions, namely E63/2139 (granted) and ELA63/2138 (pending).
Figure 2: Location of the Pink Bark Silica Sands Exploration Project.
Only preliminary sampling has been carried out on the granted E63/2139 property, as part of the signing of exploration and access agreements with the respective landowners. The Company currently has nine exploration and access agreements in place with the landowners covering the identified areas of interest at Pink Bark.
The majority of this site is cleared and farmed farmland with little or no permanent vegetation or forestation. The Pink Bark Silica Sands exploration project is still in the early stages of investigation. Allup initially became aware of this area as a result of historic drill holes previously completed by Triton Gold in 2009. This recorded the thickness of promising sand units.
Figure 3: Tenement E63/2139 with aircore drilling Figure 4: Tenement E63/2139 with sand.
This first round of surface sampling has determined the lateral extents of the silica sand in this area of the property, as well as the initial raw grades of SiO2 and other materials such as Fe2O3. Further metallurgical testing will provide additional information on the silica sand potential.
The Company expects to release metallurgical results from the surface sampling program in the third quarter of 2022. Following interpretation of the results, the Company plans to continue exploration at Pink Bark with a drilling, sampling and assaying/metallurgical program once permits are received.
CONCLUSION: Allup Silica is committed to exploring at least six of its project areas over the next six months. The relevant permitting processes are underway. The company then intends to select the best projects and subject to permitting develop them through to production.
According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Allup Silica and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss Allup Silica during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Allup Silica and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists, especially since Allup Silica remunerates GOLDINVEST Consulting GmbH for its reporting.