Tantalex Resources Corporation provided additional assay results received from drill holes in the K dump. Initial assay results from the K dump had indicated interesting intercepts where 7 of the 8 holes assayed averaged 1.04% Li20 from surface to 7m depth. Further to these results, Tantalex sent the remaining 3m composite samples it had stored from the K dump for assaying.

These samples were taken from: 5 aircore holes (drilled to depths between 12m and 21m), 14 additional shallow Cobra holes (maximum depths of 7m from surface). Lithium aircore intersections results: MDA100 15m @ 1.183% Li2O from surface, MDA101 15m @ 1.006% Li2O from surface, MDA102 15m @ 1.018% Li2O from surface, MDA103 12m @ 0.856% Li2O from surface, MDA104 21m @ 0.763% Li2O from surface. Average Lithium content from the 14 cobra hole drillholes assayed at 0,965% Li2O.

These results therefore confirm that the previously reported assay results from the K dump show grade continuity throughout the K dump. From the volume estimation report that Tantalex conducted in Fourth Quarter 2021, the estimated total volume of the K dump is 3 512 532m³. With an approximate density of 1,5 g/cm³ this equals a total estimated volume of 5 268 797 metric tons.

Exploration is currently ongoing on the Pegmatite Corridor and drilling is planned to commence in the next few weeks. Tantalex will advise as soon as a firm date has been confirmed by drilling contractor.