Tundulu Rare Earth Elements Project.

Tundulu REE Project hosts a known carbonatite ring complex highly enriched in light rare earths, gallium, and phosphate

Visual observation of multiple carbonatite outcrops across the Tundulu project area.

Tundulu formed of multiple ring structures around a central vent Nathace Hill where major drilling uncovered a large REE, P2O5 hosted mineralised system.

In addition to high-grade rare earths and phosphate, a review of historical drill results at Tundulu has identified the presence of high-grade gallium (Ga) mineralisation from surface

Location:

Eastern Malawi

Commodity:

Carbonatite hosting light REEs, gallium and rock phosphate.

Project Size:

91.5 km²

Ownership:

Granted and Under Valid Application.

Geology

Tundulu is formed of several hills in a ring around a central vent called Nathace Hill where the majority of the historic surface sampling and drilling was undertaken. The predominate geology at Nathace Hill is REE apatite, REE carbonatites and feldspathic breccia, and comprises a large inner agglomerate vent. Mineral rich carbonatite also occurs at Tundulu Hill east of Nathace and Makhanga Hill west of Nathace and is previously unexplored and prospective for REEs.

History:

A drilling campaign conducted is 2014 included 7,000m of drilling (55 holes). Results confirm Tundulu’s potential as a significant REE project enriched in REE-mineralised carbonatites, gallium, and rock phosphate.

In addition to high-grade rare earths and phosphate, a review of historical drill results at Tundulu has identified the presence of high-grade gallium (Ga) mineralisation from surface.

Notable significant drill intersections:

101m @ 1.02% TREO, 3.6% P2O5 from surface (TU030)
74m @ 1.55% TREO, 93.26g/t Ga2O3, 4.4% P2O5 from 72m (TU043), including 14m at 202.79g/t Ga2O3 from 89m (TU043), and the highest grade in all assays intersected within this interval at 310.46 g/t Ga2O3, 5.68% TREO from 97m to 98m

REE mineralisation remains open towards southern and western directions of Nathace Hill and potentially extends beyond the boundaries of the previously established mineralised area over Tundulu Hill. Results of recent reconnaissance sampling program align with historical data with visual observation of multiple carbonatite outcrops across the Tundulu project area.