Jadar Lithium generates exciting results at Vranje South Lithium – Borate Project in Serbia

(firmenpresse) - Highlights

- Assay results from detailed rock sampling program return elevated Lithium (Li) and Boron (B) values from Vranje South project, Serbia
- Results suggest that the basins are prospective for deposits related to strata bound ores of chemical precipitates
- XRD analyses confirm the presence of Hexahydrite (MgSO4.6H2O), an evaporate mineral which is indicative of a permissive geological setting
- Gravity data acquisition and interpretation provide encouraging results in regard to basin geometry and structure
- Regional magnetic data acquisition and interpretation indicate a magnetic anomaly of a potential volcanic source of Li and B

Luke Martino, Non-Executive Chairman of the Board, said The geochemical results of detailed sampling and geophysical data have demonstrated the validity of the exploration process and have greatly aided the understanding of the basin and indicating the potential of Vranje-South project to host Li - B mineralisation. The assay results from detailed sampling and geophysics data will aid in defining drilling targets to test defined anomalies.

Jadar Lithium Limited (ASX: JDR) (Jadar or the Company) is pleased to provide an update on detailed sampling; acquisition and interpretation of regional gravity and magnetic survey data on the Vranje-South project in Serbia.

The objective of the latest field program was to determine the geometry of the sedimentary basin within the permit and to understand the sedimentary sequences which are associated with the elevated Lithium and Boron geochemical anomalies in more detail.

The field mapping and detailed sampling program focused on exposed sedimentary formations in an attempt to locate outcropping fine pelitic strata which are known to be favorable hosts for Li-B mineralisation. The samples were sent to the ALS laboratory in Bor, Serbia, where the samples were prepared and then forwarded to the ALS laboratory in Ireland for analysis of Lithium, Boron and associated elements.

The Company also acquired regional gravity and magnetic survey data from a local contractor who re-interpreted the data with the aim to outline underlying basin geometry and define the presence Calc-Alkaline volcanism that may be a source of mineral-bearing fluids.

With the conclusion of the above program, the Company is aiming to execute a scout drilling campaign in the near future.

Sampling

In total, 28 rock samples were collected and dispatched for geochemical analyses. The assays returned with elevated Li and B values with up to 430 ppm of boron and up to 180 ppm of lithium. The assay data also showed elevated As, Mg and K values which are indicative elements of an alkaline saline depositional environment. This suggests that the basin contains permissive sediments that may host deposits of stratabound ores of chemical precipitates.
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Figure 1 - Vranje South geology map with sampling positions and boron values
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Figure 2 - Vranje South geology map with sampling positions and lithium values

During the sampling program, the Company identified the presence of numerous efflorescence, a wooly appearance of fine white fibers within the project area. XRD analyses of sampled efflorescence returned with two detected evaporate minerals in the sample, Hexahydrite (MgSO4.6H2O) and Gypsum (CaSO4.2H2O).
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Figure 3 - White wooly looking efflorescence associated with fine pelitic sediments

Presence of those two minerals within the sedimentary basin is encouraging as it is suggesting that the depositional environment was alkaline saline. This is considered permissive for stratabound Lithium-Borate deposit.

Gravity Survey

The Company acquired regional gravity survey data from the local contractor Vecom GEO doo. This data was acquired to aid in defining basin geometry and deep-seated fault zones, which may have acted as a potential conduit for mineralizing fluids. The data has been combined with the surface sampling data and used to assist in defining drilling targets. The gravity method is a useful exploration tool to visualize the basin geometry and relative thickness of the sedimentary section through defining basin highs and lows. The gravity surveys were accomplished as grids with nominal station spacing of approximately 1000m.

The Vranje basin has an elongated shape demonstrating a north-south trend that parallels the regional tectonic Paleozoic extensional structures. Based upon the linear configuration, the sharp parallel gradients on both the north and the south sides and deep gravity low (blue) suggest parallel faulting of basement rocks formed the basin.

Sedimentation in the Vranje basin is composed of extensive lacustrine sediments. Due to the long trough geometry and steep, probably faulted flanks, it likely contains some components of interbedded clastic (sands). The overall grain size suggests quiet water deposition. Since it contains such a well-defined gravity closure from at least - 34.0 to - 42.0 mGal, there is almost certainly an early period of lacustrine sedimentary deposition when the basin was isolated from drainage.
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Figure 4 - Bouguer gravity image contoured at 1.0 mGal
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Figure 5 - Terrain corrected complete residual gravity image contoured at 0.2 mGal

Regional Magnetic Survey

The ground magnetic survey has been acquired to aid in defining the presence of blind (covered by hangingwall sediments) Calc - Alkaline volcanic formations that may be related to a spring emanation. The spring waters likely dispersed their elements broadly into the lake waters and only upon reaching appropriate cooling, pH and redox conditions provided favorable conditions for evaporate precipitation. The magnetic surveys were accomplished as grids with station spacing approximately at about 2000m.
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Figure 6 - Map of magnetic anomalies with 10 nT contour interval. The elevated values in the southern part of the license indicate a possible blind volcanics
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Figure 7 - Map indicating the interpreted depth and structure of the basin, which also indicates the possible presence of a blind volcanics
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Figure 8 - A-B interpretation cross section
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Figure 9 - C-D interpretation cross section

Vranje South Project Geology

Most of the exposed units within the license area are mapped as lake sediments consisting siltstone, claystone, coarse clastics, and volcanoclastic sediments and within the southeast corner the Paleozoic crystalline complex. The sedimentary units are sub-divided into four different sedimentary subsequences starting with volcanoclastic flows composed of andesite agglomerates, volcanic breccias, and tuffs discordantly overlaying the basement rocks. Volcanoclastic sediments overlaid by fluvial coarse clastic sediments composed of poorly sorted fanglomerates. The clastic sequences are exposed in the eastern part of the license area and represent the basal formation of fine pelitic strata which are exposed in the central and eastern portion of licenses. Pelitic sediments are represented by fine laminated to bedded clayey siltstone to laminated to bedded fine-grained sandstone. The youngest sediments mostly sandstones and siltstones are exposed in the western and northern portion of the license hiding perspective fine pelitic lake strata. The basement rocks are surrounding the Vranje basin have been mapped as various metamorphic Paleozoic rocks and older granitic intrusive.

About Vardar Zone

Pelitic sediments accumulated in several semi-interconnected basins along a geological trend that is now called the Vardar Zone (Figure 10). The Vardar Zone stretches from northern Iran to Bosnia and Herzegovina, where it appears to disappear at the edge of the Alpine formations. Basins along the long, narrow trend vary greatly in size, shape, and sedimentation. The Vardar zone was formed by the movement between two tectonic plate boundaries. This tectonic forces result in rhomboid-shaped - "pull apart" - basins between the more stable basin boundaries. The basins of interest are mapped as lacustrine and marine sediments.

Evaporate (Lithium - borate) deposits of the type being explored in Vardar zone are typically found in tectonically active zones associated with deep-seated faulting. The deposits occur in shallow water lacustrine and mudflat environments, usually accompanied by Calc - alkaline volcanics and tuffs.

In the Balkan region, borate and lithium mineral deposits and occurrences have been recognized in recent years. These occurrences have been barely tested, while lithium mineralisation was found associated with borates even more recently during drilling in the Jadar basin of Serbia. Beside Jadar deposit which is the world´s largest lithium - borate deposit, borates have been found in Pobrdje and Piskanja within the Jarandol deposit. Some of the world´s largest borate deposits were discovered as well within the Vardar zone. Kirka borax deposit in Turkey is the world´s largest deposit and it´s located central part of Vardar trend.
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Figure 10 - Position of the Vardar Zone

Planned activities

The Company continues to evaluate the Vranje South basin with the objective of defining drilling locations to test the anomalies generated to date.

ENDS

Further Enquiries
Luke Martino
Non-Executive Chairman
Tel: +61 8 6489 0600
E: luke(at)jadarlithium.com.au -

Competent Person Statement

The information in this release that relates to Exploration Results is based on information prepared by Dr Thomas Unterweissacher, EurGeol, MAusIMM. Dr Unterweissacher is a licensed Professional Geoscientist registered with European Federation of Geologists and The Australasian Institute of Mining and Metallurgy based in Hochfilzen, Austria. European Federation of Geologists and The Australasian Institute of Mining and Metallurgy are a Joint Ore Reserves Committee (JORC) Code Recognized Professional Organization (RPO). An RPO is an accredited organization to which the Competent Person (CP) under JORC Code Reporting Standards must belong in order to report Exploration Results, Mineral Resources, or Ore Reserves through the ASX. Dr Unterweissacher has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a CP as defined in the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Unterweissacher consents to the inclusion in the release of the matters based on their information in the form and context in which it appears. Dr Unterweissacher is a consultant to the Company and holds shares in Jadar Lithium Limited.

Disclaimer

Forward-looking statements are statements that are not historical facts. Words such as expect(s), feel(s), believe(s), will, may, anticipate(s), potential(s)and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration results. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the Companys prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

Table 1 - Sampling list
ProjectSampleEastiNorthRock Type Modifiers AzimuthReactio
ng ing /Dip n with
ID HCL

Vranje 48000 7585746965Tuff Thick 190/42 No
South 47 13 Bedded

Vranje 48001 7582746942Clayey Laminated 162/34 Weak
South 18 53 siltstone

Vranje 48002 7581346939Clayey Laminated 130/22 Weak
South 12 18 siltstone

Vranje 48003 7581346939Clayey Laminated 126/23 Weak
South 85 04 siltstone

Vranje 48004 7580146947Clayey Laminated 130/20 Strong
South 77 25 fine-grained to thin
sandstone bedded

Vranje 48005 7577746942Clayey Laminated 206/11 Weak
South 15 88 siltstone

Vranje 48006 7576546980Clayey Laminated 250/11 Weak
South 43 75 siltstone

Vranje 48007 7574646934Clayey Laminated 334/11 Strong
South 45 56 sandstone to thin
bedded

Vranje 48008 7575946931Clayey Laminated 334/6 Strong
South 36 19 fine-grained to thin
sandstone bedded

Vranje 48009 7576046926Clayey Thin bedded188/12 Strong
South 63 74 sandstone

Vranje 48010 7577046926Silty claystoneLaminated 160/27 No
South 46 59

Vranje 48011 7577046926Clayey Laminated Strong
South 79 39 siltstone/sand
stone

Vranje 48012 7577246924Clayey Laminated 255/16 Strong
South 17 71 siltstone to thin
bedded

Vranje 48013 7581347122Tuff Sub welded
South 64 59

Vranje 48014 7581347122Biotite tuff Sub welded
South 61 61

Vranje 48015 7573247078Marley Laminated 350/10 Weak
South 34 40 siltstone

Vranje 48016 7581846939Fine grained Thin 175/22 Strong
South 74 00 sandstone bedded to
laminated

Vranje 48017 7580446934Clayey Thin 140/4 Weak
South 50 03 siltstone bedded to
laminated

Vranje 48018 7579846933Dolomitic Laminated 188/5 No
South 94 54 siltstone to thin
bedded

Vranje 48019 7579846933Clayey Laminated Strong
South 95 60 siltstone

Vranje 48020 7579646938Clayey Thin 192/2 Strong
South 38 85 siltstone bedded to
laminated

Vranje 48021 7579646938Dolomitic Thin bedded No
South 44 76 siltstone

Vranje 48022 7579146944Clayey Thin Weak
South 94 38 siltstone bedded to
laminated

Vranje 48023 7578646951Clayey Thin Weak
South 91 54 siltstone bedded to
laminated

Vranje 48024 7578046945Clayey Thin 168/8 Strong
South 98 58 siltstone bedded to
laminated

Vranje 48025 7577046950Clayey Thin to 248/4 Strong
South 71 23 siltstone/sand thick
stone bedded

Vranje 48026 7576346948Clayey Thin 20/4 Strong
South 44 67 siltstone bedded to
laminated

Vranje 48027 7581847232Very fine Thin 60/24 Strong
South 76 83 sandstone bedded to
laminated

Table 2 - Assays results
SAMPLME-IME-IME-IME-IME-IME-IME-IME-IME-IME-IME-IME-I
EID CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41
a a a a a a a a a a a a

Ag Al As Ba Be Bi Ca Cd Co Cr Cu Fe
ppm % ppm ppm ppm ppm % ppm ppm ppm ppm %
48000<1 1.4910 130 <5 <10 0.67<5 8 15 16 2.92
48001<1 3.1350 140 <5 10 3.35<5 30 75 48 5.94
48002<1 3.1340 240 <5 <10 3.5 <5 21 68 39 4.19
48003<1 3.1780 430 <5 <10 6.76<5 26 74 79 4.27
48004<1 3.4340 300 <5 <10 5.28<5 22 85 40 4.36
48005<1 3.8310 200 <5 <10 3.32<5 16 51 36 3.29
48006<1 3.1890 390 <5 <10 4.21<5 16 59 31 3.64
48007<1 3.7750 270 <5 <10 3.05<5 21 85 43 4.36
48008<1 3.3620 170 <5 <10 3.08<5 19 86 47 4
48009<1 3.58160 170 <5 <10 4.11<5 17 83 41 4.16
48010<1 2.18240 480 <5 <10 12.9<5 10 55 25 4.4
48011<1 3.7220 290 <5 <10 4.72<5 19 105 40 4.3
48012<1 3.7690 550 <5 <10 7.85<5 19 95 38 4.11
48013<1 2.5510 1860<5 <10 1.37<5 <5 11 <5 1.37
48014<1 2.2610 550 <5 <10 1.01<5 6 12 5 1.87
48015<1 3.4210 310 <5 10 4.61<5 13 67 43 3.83
48016<1 2.72170 390 <5 <10 7.25<5 18 70 33 4.21
48017<1 3.4670 260 <5 <10 3.34<5 19 75 45 4.8
48018<1 3.1840 170 <5 <10 1.17<5 21 73 56 4.75
48019<1 4.5140 160 <5 <10 2.4 <5 25 107 81 5.5
48020<1 3.2970 220 <5 <10 4.21<5 19 74 48 4.58
48021<1 2.5470 180 <5 <10 1.21<5 20 55 37 3.93
48022<1 4.4590 220 <5 <10 1.02<5 34 91 79 6.51
48023<1 3.5 60 300 <5 <10 4.37<5 19 84 45 4.46
48024<1 4.61110 250 <5 <10 6.51<5 24 64 54 3.75
48025<1 3.6430 280 <5 <10 3.03<5 18 81 45 4.44
48026<1 3.4480 210 <5 <10 3.49<5 19 73 43 4.3
48027<1 2.2470 70 <5 <10 0.33<5 9 19 15 2.68

SAMPLME-IME-IME-IME-IME-IME-IME-IME-IME-IME-IME-IME-I
E CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41
ID a a a a a a a a a a a a

Ga Hg K La Mg Mn Mo Na Ni P Pb S
ppm ppm % ppm % ppm ppm % ppm ppm ppm %
48000<50 <5 0.35<50 0.64830 <5 0.1611 980 30 <0.0
5

48001<50 <5 0.61<50 2.12880 <5 0.5954 530 20 0.06
48002<50 <5 0.85<50 1.31740 <5 0.0573 690 30 <0.0
5

48003<50 <5 0.67<50 1.79740 <5 0.1477 600 20 <0.0
5

48004<50 <5 0.69<50 1.95850 <5 0.2884 550 30 <0.0
5

48005<50 <5 0.82<50 1.06500 <5 1.2641 590 30 <0.0
5

48006<50 <5 1.06<50 1.15530 <5 0.2146 962040 0.07
48007<50 <5 0.99<50 1.68650 <5 0.3687 650 30 <0.0
5

48008<50 <5 0.84<50 1.59470 <5 0.1394 540 40 <0.0
5

48009<50 <5 0.65<50 1.23650 <5 0.7690 600 30 <0.0
5

48010<50 <5 0.46<50 6.031430<5 0.0946 480 20 <0.0
5

48011<50 <5 0.95<50 2.06790 <5 0.6298 700 40 <0.0
5

48012<50 <5 0.77<50 2.821020<5 1.4893 688030 0.16
48013<50 <5 1.01<50 0.67210 <5 0.115 121020 <0.0
5

48014<50 <5 0.52<50 0.78420 <5 <0.011 127040 <0.0
5 5

48015<50 <5 0.82<50 2.65920 <5 0.9544 290 30 0.06
48016<50 <5 0.46<50 2.581040<5 1.1769 213030 0.2
48017<50 <5 0.89<50 1.61890 <5 0.5572 700 40 0.12
48018<50 <5 0.81<50 1.83520 <5 0.0946 830 <10 <0.0
5

48019<50 <5 0.74<50 2.04430 <5 0.2885 560 10 <0.0
5

48020<50 <5 1.01<50 1.2 720 <5 <0.079 590 30 <0.0
5 5

48021<50 <5 0.66<50 1.22480 <5 0.2 49 740 20 <0.0
5

48022<50 <5 0.65<50 1.8 900 <5 <0.078 480 20 <0.0
5 5

48023<50 <5 0.84<50 1.34830 <5 <0.089 540 30 <0.0
5 5

48024<50 <5 0.91<50 1.05630 <5 1.0166 640 50 0.05
48025<50 <5 0.87<50 1.4 430 <5 0.0883 490 20 <0.0
5

48026<50 <5 1.1 <50 1.39570 <5 <0.070 720 30 <0.0
5 5

48027<50 <5 0.42<50 0.84500 <5 <0.015 620 50 <0.0
5 5

SAMPLME-IME-IME-IME-IME-IME-IME-IME-IME-IME-IME-IME-I
EID CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41CP41
a a a a a a a a a a a a

Sb Sc Sr Th Ti Tl U V W Zn B Li
ppm ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm
4800010 6 50 <1000.17<50 <50 59 <50 60 <50 <50
4800110 12 267 <1000.09<50 <50 130 <50 120 <50 140
4800210 10 153 <1000.06<50 <50 72 <50 120 240 100
48003<10 11 603 <1000.06<50 <50 88 <50 110 190 110
4800410 10 324 <1000.07<50 <50 81 <50 100 120 170
4800510 9 86 <1000.08<50 <50 70 <50 80 80 90
4800640 12 617 <1000.06<50 <50 79 <50 110 430 140
4800710 11 150 <1000.08<50 <50 77 <50 110 190 160
4800810 10 116 <1000.06<50 <50 66 <50 100 170 120
4800910 10 124 <1000.06<50 <50 72 <50 80 80 100
4801010 7 1335<100<0.0<50 <50 49 <50 50 220 110
5

4801110 10 283 <1000.07<50 <50 72 <50 100 90 160
4801210 13 1140<1000.08<50 <50 76 <50 100 180 180
48013<10 5 1250<1000.14<50 <50 45 <50 20 <50 <50
4801410 <5 201 <1000.14<50 <50 48 <50 20 <50 <50
4801510 12 381 <1000.07<50 <50 69 <50 90 100 150
4801610 16 713 <1000.05<50 <50 76 <50 70 110 110
4801720 11 227 <1000.08<50 <50 81 <50 110 160 140
4801810 11 100 <1000.14<50 <50 96 <50 90 <50 130
4801910 14 110 <1000.11<50 <50 135 <50 110 <50 180
4802010 10 135 <1000.06<50 <50 67 <50 80 250 100
4802110 7 99 <1000.12<50 <50 65 <50 70 <50 90
4802210 16 51 <1000.08<50 <50 126 <50 130 120 120
48023<10 10 204 <1000.06<50 <50 71 <50 100 160 140
4802410 12 115 <1000.07<50 <50 75 <50 90 120 130
4802510 10 80 <1000.06<50 <50 71 <50 90 150 120
4802610 10 132 <1000.09<50 <50 75 <50 90 190 110
4802710 7 22 <100<0.0<50 <50 44 <50 110 <50 70
5

Figure 1 - Diffraction pattern with schematic representation of relative intensity of the present mineral phases in sample
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JORC Code, 2012 Edition Table 1. This table applies to Vranje South Exploration Project

Section 1 Sampling Techniques and Data

CriterJORC Code explanation Commentary
ia

Sampli· Nature and quality of · The rock chips
ng sampling samples were
techn ( collected directly
iques eg cut channels, random chips, from fresh non
or specific specialised weathered fine
industry standard measurement
tools appropriate to the pelitic sediments
minerals under investigation, along exposed
such as down outcrops.

hole gamma sondes, or handheld · The samples were
XRF instruments, etc). These large enough to be
examples should not be taken representative
as limiting the broad meaning for sedimentary
of lithology,
sampling. generally in the
range 0.5-1
· Include reference to kg.
measures taken to ensure
sample · The sample is
placed into the
representivity and the sampling container,
appropriate calibration of which is
any measurement tools or
systems labeled according to
used. the attributed
sample
· Aspects of the determination number.
of mineralisation that are
Material to the Public · All relevant
Report. information with
regard to the
· In cases where industry outcrop was
standard work has been done recorded.
this would be relatively
simple · Sample for XRD was
( taken from exposed
eg reverse circulation efflorescence
drilling was used to obtain 1 within sedimentary
m samples from which 3 kg was basin.
pulverised to produce a 30 g
charge for fire assay). In · Regional gravity
other cases more explanation survey stations
may be required, such as were accomplished
where there is coarse gold within a grid with
that has inherent sampling nominal station
problems. Unusual commodities spacing of about
or mineralisation types 1000m. The reginal
( gravity data were
eg submarine nodules) may acquired
warrant disclosure of using
detailed a WORDEN gravity
information. meter.


· Regional magnetic
survey stations
were accomplished
within a grid with
station spacing of
about 2000m. The
regi
onal magnetic data wa
s
acquired using
magnetometer which
are measuring
magnetic vertical
component of the
geomagnetic field.


JORC Code, 2012 Edition Table 1. This table applies to Vranje South Exploration Project

Section 1 Sampling Techniques and Data

CriteriaJORC Code explanation Commentary
Sampling· Nature and quality of · The rock chips
techniq sampling samples were
ues ( collected directly
eg cut channels, random from fresh non
chips, or specific weathered fine
specialised industry
standard measurement tools pelitic sediments
appropriate to the minerals along exposed
under investigation, such outcrops.
as down
· The samples were
hole gamma sondes, or large enough to be
handheld XRF instruments, representative
etc). These examples should for sedimentary
not be taken as limiting lithology,
the broad meaning of generally in the
sampling. range 0.5-1
kg.
· Include reference to
measures taken to ensure · The sample is
sample placed into the
sampling container,
representivity and the which is
appropriate calibration of
any measurement tools or labeled according to
systems the attributed
used. sample
number.
· Aspects of the
determination of · All relevant
mineralisation that are information with
Material to the Public regard to the
Report. outcrop was
recorded.
· In cases where industry
standard work has been · Sample for XRD was
done this would be taken from exposed
relatively simple efflorescence
( within sedimentary
eg reverse circulation basin.
drilling was used to obtain
1 m samples from which 3 kg · Regional gravity
was pulverised to produce a survey stations
30 g charge for fire were accomplished
assay). In other cases within a grid with
more explanation may be nominal station
required, such as where spacing of about
there is coarse gold that 1000m. The reginal
has inherent sampling gravity data were
problems. Unusual acquired
commodities or using
mineralisation types a WORDEN gravity
( meter.
eg submarine nodules) may
warrant disclosure of
detailed · Regional magnetic
information. survey stations
were accomplished
within a grid with
station spacing of
about 2000m. The
regi
onal magnetic data wa
s
acquired using
magnetometer which
are measuring
magnetic vertical
component of the
geomagnetic field.


Drilling· Drill type (eg core, · The Company did
techniq reverse circulation, not conduct any
ues open-hole hammer, rotary drilling activities
air blast, auger, Bangka, to
sonic, etc) and details date.
(
eg core diameter, triple or
standard tube, depth of
diamond tails,
face-sampling bit or other
type, whether core is
oriented and if so, by what
method,
etc).

Drill · Method of recording and · The release refers
sample assessing core and chip to results from
recover sample recoveries and surface sampling
y results and geophysical
assessed. surveys; this
section is not
· Measures taken to maximise relevant to this
sample recovery and ensure release
representative nature of .
the
samples.

· Whether a relationship
exists between sample
recovery and grade and
whether sample bias may
have occurred due to
preferential loss/gain of
fine/coarse
material.

Logging · Whether core and chip · Information about
samples have been sampling location,
geologically and rock type being
geotechnically logged to a sampled, attitude
level of detail to support of sedimentary
appropriate Mineral formation and
Resource estimation, mining reaction with HCL
studies and metallurgical have been recorded
studies. in field book and
transferred in
· Whether logging is Excel
qualitative or quantitative spreadsheet
in nature. Core (or subsequently.
costean, channel, etc)
photography.

· The total length and
percentage of the relevant
intersections
logged.

Sub-samp· If core, whether cut or · The samples have
ling sawn and whether quarter, been prepared in
techniq half or all core ALS laboratory in
ues and taken.
sample Bor, Serbia.
prepara· If non-core, whether · After drying
tion riffled, tube sampled, samples have been
rotary split, etc and crushed so that 70%
whether sampled wet or pass 2mm.
dry.
Approximately 250g
· For all sample types, the of crushed material
nature, quality and have been divided
appropriateness of the using rotary
sample preparation splitter.
technique.

· Quality control procedures · After splitting
adopted for all samples were
sub-sampling stages to pulverized down to
maximise 75µm.

representivity of samples.
· Measures taken to ensure · After sample
that the sampling is preparation, sample
representative of the in pulps have been
situ material collected, sent to ALS
including for instance laboratory in
results for field Ireland for
duplicate/second-half geochemical
sampling. analyses.

· Whether sample sizes are · No filed
appropriate to the grain duplicates were
size of the material being collected during
sampled. the sampling
program.

· Internal lab
duplicates were
prepared by the
laboratory to check
the preparation
process and the
precision of the
instrument
determination.

Quality · The nature, quality and · After sample
of appropriateness of the preparation, sample
assay assaying and laboratory pulps were then
data procedures used and whether
and the technique is considered analyzed High Grade
laborat partial or Aqua regia ICP-AES.
ory total. The ALS method is
tests ME-ICP41a,
· For geophysical tools, comprising a
spectrometers, handheld XRF standard suite of
instruments, etc, the 35 elements
parameters used in including Li and B.
determining the analysis The lower and upper
including instrument make detection
and model, reading times,
calibrations factors range for Li and B
applied and their by this method
derivation, are
etc. 50 ppm and 50,000
ppm
· Nature of quality control respectively.
procedures adopted
( · ALS utilized
eg standards, blanks, standard internal
duplicates, external quality control
laboratory checks) and measures including
whether acceptable levels the use of
of accuracy certified lithium
( standards, blanks
ie lack of bias) and and
precision have been duplicates.
established.
· One sample has
been sent for
mineral
determination by
XRD. The sample has
been

analysed by
mineralogy
department at
Belgrade
University.

· Acquired regional
gravity and
magnetic survey was
undertaken by
Yugoslav geological
survey during 80´s.
There is no detail
information about
quality control
from that time, but
the data provider
stated that data
have been checked
in recent years and
that there is no
significant
deviation
observed.

Verifica· The verification of · No verification
tion of significant intersections performed at this
samplin by either independent or stage.
g and alternative company
assayin personnel. · Assay data
g received from the
· The use of twinned holes. lab is imported
· Documentation of primary into the
data, data entry database.
procedures, data
verification, data storage · No adjustment to
(physical and electronic) assays data being
protocols. applied.

· Discuss any adjustment to
assay
data.

Location· Accuracy and quality of · km = kilometer; m
of surveys used to locate =
data drill holes (collar and
points down-hole surveys), meter; mm = millimete
trenches, mine workings and r
other locations used in
Mineral Resource · Samples were
estimation. located using
handheld GPS with
· Specification of the grid an expected
system accuracy of
used. +/-5m.

· Quality and adequacy of · At that time the
topographic coordinates of the
control. points were
determined from the
topographic maps 1:
10000 scale where 1
mm on the map
corresponds to 10 m
in nature.

Elevation have been
surveyed by
tacheometry and
levelling
instruments.

· All sampling and
geophysics survey
coordinates are
tied into the state
triangulation
network and
provided in the
Serbian Gauss
Kruger co-ordinate
system.


Data · Data spacing for reporting · No regular spacing
spacing of Exploration was
and Results. used
distrib . The samples were
ution · Whether the data spacing collected from
and distribution is restricted
sufficient to establish the outcrops.
degree of geological and
grade continuity
appropriate for the Mineral · The geophysics
Resource and Ore Reserve survey involved
estimation procedure(s) and acquisition of
classifications regi
applied. onal gravity and
magnetic data with
· Whether sample compositing spacing of about
has been 1000m for gravity
applied. and 2000m for
magnetic
survey.

· The data spacing
and distribution is
not sufficient to
establish the
degree of
geological and
grade continuity
appropriate for
Mineral Resource
estimation
purposes.

· No compositing
applied
.
Orientat· Whether the orientation of · The samples were
ion of sampling achieves unbiased taken directly from
data sampling of possible outcropping fine
in structures and the extent
relatio to which this is known, pelitic sedimentary
n to considering the deposit strata to represent
geologi type. potential
cal hosts
structu· If the relationship of mineralisation
re between the drilling that the Company is
orientation and the looking
orientation of key for.
mineralised structures is
considered to have
introduced a sampling bias,
this should be assessed and
reported if
material.

Sample · The measures taken to · Company geologist
securit ensure sample supervises all
y security. sampling and
subsequent storage
in
field.

Audits · The results of any audits · There have not
or or reviews of sampling been any
reviews techniques and audits.
data.

Section 2 Reporting of Exploration Results
CriteriJORC Code explanation Commentary
a

Mineral· Type, reference · Centurion Metals
teneme name/number, location and DOO, a 100% owned
nt and ownership including subsidiary of
land agreements or material
tenure issues with third parties Jadar resources LTD,
status such as joint ventures, is a 100% holder of
partnerships, overriding
royalties, native title Vranje South mineral
interests, historical exploration license
sites, wilderness or (License # 2225).
national park and The license is
environmental located in south
settings. Serbia.

· The security of the tenure · At time of
held at the time of reporting the
reporting along with any
known impediments to Company license is
obtaining a licence to in good standing
operate in the and the
area.
Company plans to
comply with all
provisions relating
to the Serbian
mining
law.

Explora· Acknowledgment and · Historical work
tion appraisal of exploration by has been conducted
done other on the
by parties.
other Vranje-South project
partie area by various
s Serbian and
Yugoslav state
geological
agencies.


· There is no
available
information that
any previous
exploration work
has been done
related to the type
and stile

of mineralisation
that

Jadar Lithium is
looking
for.

Geology· Deposit type, geological · Evaporate (Lithium
setting and style of -
mineralisation. borate)
deposits of the
type being explored
in

Vardar zone are
typically found in
tectonically active
zones associated
with deep-seated
faulting. The
deposits occur in
shallow water
lacustrine and
mudflat
environments,
usually accompanied
by volcanic and
tuffs, or
indications of
spring or spring
apron accumulations
- travertine. The
deposit model
currently being
used is

Jadar deposit and it
is a borate deposit
with relatively
high lithium
content. The
published

Jadar deposit resourc
e
are
135.7 million tons
of

jadarite ore grading
15.4% B2O3 and
1.86%
Li2O.

Drill · A summary of all · No drilling
hole information material to the undertaken.
Inform understanding of the
ation exploration results
including a tabulation of
the following information
for all Material drill
holes:

o easting and northing of
the drill hole
collar

o elevation or RL (Reduced
Level - elevation above sea
level in metres) of the
drill hole
collar

o dip and azimuth of the hole
o down hole length and
interception
depth

o hole length.
· If the exclusion of this
information is justified on
the basis that the
information is not Material
and this exclusion does not
detract from the
understanding of the
report, the Competent
Person should clearly
explain why this is the
case.

Data · In reporting Exploration · No data
aggreg Results, weighting aggregation
ation averaging techniques, done.
method maximum and/or minimum
s grade truncations
(
eg cutting of high grades)
and cut-off grades are
usually Material and should
be
stated.

· Where aggregate intercepts
incorporate short lengths
of high grade results and
longer lengths of low grade
results, the procedure used
for such aggregation should
be stated and some typical
examples of such
aggregations should be
shown in
detail.

· The assumptions used for
any reporting of metal
equivalent values should be
clearly
stated.

Relatio· These relationships are · As the geochemical
nship particularly important in results reported
betwee the reporting of here that were
n Exploration collected by
Results.
mineral Jadar Lithium are
isation· If the geometry of the from surface,
widths mineralisation with respect a
and to the drill ny potential depths
interc of
ept hole angle is known, its mineralis
length nature should be ation or
s reported. orientations can
only be inferred
· If it is not known and from geological
only the down hole lengths observations on the
are reported, there should surface and hence
be a clear statement to are speculative in
this effect nature.
(
eg down hole length, true
width not
known).

Diagram· Appropriate maps and · Maps and diagrams
s sections (with scales) and are part of this
tabulations of intercepts report. See Report
should be included for any maps.
significant discovery being
reported These should
include, but not be limited
to a plan view of drill
hole collar locations and
appropriate sectional
views.

Balance· Where comprehensive · The reporting here
d reporting of all covers the area of
report Exploration Results is not the
ing practicable, representative
reporting of both low and Companys current
high grades and/or widths focus. Further data
should be practiced to analysis and
avoid misleading reporting interpretation may
of Exploration result in the
Results. definition of
drilling
targets.

Other · Other exploration data, if · The Company
substa meaningful and material, acquired historic
ntive should be reported gravity and ground
explor including (but not limited magnetic survey
ation to): geological data from local
data observations; geophysical contractor.
survey results; geochemical
survey results; bulk · Gravity readings
samples - size and method taken and recorded
of treatment; metallurgical in the field go
test results; bulk density, through several
groundwater, geotechnical processing steps to
and rock characteristics; generate absolute
potential deleterious or gravity values.
contaminating These steps
substances. include: converting
the meter reading
to

milligals (using the
calibration tables
unique to each
meter) and
referencing them to
the gravity base
value, correcting
for solar and lunar
tides and meter
drift, and
correcting for
height of the meter
above ground level.
Absolute gravity
(also known as
observed gravity)
values represent
the change in the
strength of gravity
due to changes in:
latitude,
elevation,

earth density and
terrain effects.
Accuracy of
gravimeter was
-0.1mGal.

· The vertical
component of the
geomagnetic field
was converted into
a total vector by a
special
mathematical method
taking into account
the magnetic
inclination and
declination as well
as the calculation
of the normal
geomagnetic field.
The accuracy of the
magnetometer at
that time was 5

n

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Datum: 16.07.2019 - 01:35 Uhr
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"
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