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Cradle Resources Ltd.

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Summary

Project:

Panda Hill

Deposit:Panda Hill
Location:Tanzania
Commodities:Niobium
Date:6/13/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:13-6-2016: Cradle Resources Ltd. announces a Resource Estimation report for its Panda Hill deposit at the Panda Hill project. Initial Ore Reserve declared for the Panda Hill project. Cradle Resources Limited (“Cradle”) is pleased to announce the maiden Or
Resources:(Reserve, P+P): 20.6Mt @ 0.68% Nb2O5 for 139640t Nb2O5 contained at project
CP/QP:[Resources]: Neil Inwood (Verona Capital)
ABSTRACT:Cradle Resources Limited (“Cradle”) is pleased to announce the maiden Ore Reserve Estimate for the Panda Hill Niobium Project (“Project”) in Tanzania. The Ore Reserves are reported in accordance with JORC Code (2012) and incorporate the results of the recently completed Cradle Definitive Feasibility Study (“DFS”) inclusive of the extensive investigations and work carried out since 2012 by Cradle and more recently by Panda Hill Tanzania Limited (“PHT”). Cradle owns 50% of PHT which in turn owns 100% of the Project. Panda Hill Ore Reserves - 20.6 million tonnes at average grade 0.68% Nb2O5

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