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Alliance Mineral Assets Ltd.

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Summary

Project:

Bald Hill

Deposit:Bald Hill
Location:Australia
Commodities:Lithium-Tantalum-Tin
Date:5/10/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:10-5-2019: Alliance Mineral Assets Ltd. announces a Resource Estimation report for its Bald Hill deposit at the Bald Hill project. New exploration target for Bald Hill. In the coming months, systematic drilling of Pegmatite 3 West Exploration Target will
Resources:Exploration Target: 17Mt - 24Mt @ 1.25% Li2O - 1.40% Li2O
CP/QP:[Overall Report]: Mark Calderwood (Internal)
ABSTRACT:In the coming months, systematic drilling of Pegmatite 3 West Exploration Target will be undertaken as part of the current 60,000m drill program. Managing Director Mark Calderwood said: “We anticipated that the deepest pegmatite body below and to the west ofthe current pit design, referred to as Pegmatite 3 West, could be linked to the 21m at 1.5% Li2O intercept in a water exploration drill hole located some 1.15km to the north. The mineralised pegmatite intercept in LRCD0842 strongly supports this interpretation. The Exploration Target of 17-24Mt for Pegmatite 3 West does not include overlying pegmatites which form part of the current 13.5Mt Inferred mineral resource and which are currently the main focus of infill and extensional drilling. Only 20% of the 8.8km2 prospective Southern Mineralised Area (SMA) (refer Figure 3) has been drill tested for lithium to date. The SMA itself represents only 1.1% of the entire Bald Hill tenure.”

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