Lord Resources Limited announced it has agreed to acquire 100% of the Jing Jing Lithium Project, located in the Eastern Goldfields of Western Australia. The two granted exploration licences are situated approximately 50km northeast of Norseman, on the eastern side of Lake Cowan. The operational Bald Hill Lithium-Tantalum Mine is 18.5km to the north, and the Buldania Lithium project is 19km to the south.

RECONNAISSANCE TRIP: Lord's technical team conducted a brief reconnaissance trip to identify evidence of lithium mineralisation. While rock outcrop was limited, a series of pegmatites were observed in the north of E15/1912. Three samples (4-6) were collected from the pegmatites, and returned above background values for tantalum (Ta), lithium (Li) or caesium (Cs).

A total of 6 rock chips were taken from the Jing Jing project area. Samples 4-6 were collected from pegmatite outcrops, and have returned anomalous results that require follow-up investigation. The three anomalous samples are 350m apart, in the northern part of E15/1912.

The field trip was restricted to the main track and immediate areas, and there is vast potential for further pegmatites to be identified. Elemental ratios within the few pegmatite rock samples collected also indicate positive fractionation trends, highlighting the potential for LCT-type pegmatites. Pegmatites exhibiting low fractionation ratios, although apparently lithium or tantalum poor, warrant further assessment.

While elevated lithium and/or tantalum geochemical values are primarily used to determine the prospectivity of pegmatite outcrops, elemental ratios (such as potassium over rubidium (K/Rb), niobium over tantalum (Nb/Ta) or lanthanum over tantalum (La/Ta)) assist in indicating pegmatite fractionation state and trends. Samples 1 & 2 were from tenement E63/2240 and returned no significant results. Sample 3 (E15/1912) was ferruginised mafic mylonite material collected for gold potential, which returned an assay of 3ppb Au.

GEOLOGY The Jing Jing project is located within the Eastern Goldfields Province of the Archaean aged Yilgarn Craton of Western Australia. The tenements straddle the contact zone between greenstone and granitoids (Figure 2), an area termed the `Goldilocks Zone', that is considered prospective for LCT-type pegmatites. During field reconnaissance by the Lord technical team, a series of pegmatites have been observed in the north of E15/1912, hosted by variably sheared felsic volcanics and sediments of the Black Flag Group.

Locally, the greenstone terrain is comprised predominantly of felsic volcanics/sediments (Black Flag Group) and mafic intrusive sills of the Kalgoorlie Terrane, which have been intruded by granitic bodies. There is little outcrop in the project area, with large areas of depositional cover. PREVIOUS EXPLORATION: A review of historic reports indicate there has been no previous lithium exploration within the tenements.

Previous explorers have focused on gold and nickel mineralisation, and therefore did not assay for lithium or other lithium indicator elements. Multiple drillholes were identified during field reconnaissance, that have not been noted in WAMEX searches, including BQ core in E63/2240, and vertical drillholes 800m south of observed pegmatites. A thorough review of all available data and reports from the WAMEX system is ongoing.

All available data will be digitised and collated into a comprehensive database. The Jefferies Find gold resource is located in the excised area in the southwest block of E63/2240. EXPLORATION PLAN: Field reconnaissance revealed a higher percentage of outcropping rocks/residual soil than anticipated, so the conventional method of surface geochemical sampling and mapping will be effective in some areas of the tenements.

Phase 1 of exploration will consist of surface soil sampling to identify geochemical anomalies, which would be followed up by mapping and rock sampling, to identify potential drill targets for Phase 2.