MinRex Resources Limited announced the commencement of RC drilling at the North Moolyella Lithium-Tin-Tantalum Project near Marble Bar. The first phase of drilling will incorporate 40 RC drillholes totalling approximately 2,700m. In conjunction with commencement of drilling, MinRex has delineated extensive stacked sheeted pegmatites on the western and eastern zones of the southern portion of E45/5873 hosted within extensive lithium geochemical zones ­ these areas will be the first to be tested by drilling.

North Moolyella Lithium-Tin-Tantalum Project: The North Moolyella Project is situated 5km west of Global Lithium Ltd. Archer Lithium Deposit, which hosts 10.5Mt @ 1.0% Li2O and 4km SSW of the historical Moolyella Tin Field. The Marble Bar Township is only 20 road kilometres from the Project area which forms a strong base for all exploration conducted over the tenement. Alluvial cassiterite (SnO2) was first identified in the Moolyella area in 1898 during exploration for alluvial and bedrock gold.

Mining took place from 1898 until 1986, with a few brief hiatuses, and it is estimated that nearly 8,000 tonnes of tin concentrate was recovered. The tin grades at Moolyella, 2.40kg/m3, represent some of the highest alluvial tin grades in the World. The Company is using modern exploration techniques and drill testing defining lithium and battery metals potential as the Eastern Pilbara develops into a strategic lithium endowment in a world class province.

The source of the lithium mineralization is the Moolyella Monzogranite (2830 Ma), which has intruded older Archean orthogneisses of the Fig Tree Gneiss Group (3490-3460 Ma) and the Johansen Monzogranite (3131-3307 Ma). The Fig Tree Gneiss and the Johansen Monzogranite comprise the Mount Edgar Batholith, which is a gneiss- granitoid complex surrounded by contemporaneous greenstone belts. The highly evolved (fractionated) Moolyella Monzogranite has produced aplite dykes, greisen, and pegmatite sheets, all of which contain elevated concentrations of incompatible elements such as tin (Sn), tantalum (Ta), niobium (Nb), tungsten (W), and lithium (Li).

A total of 3 main target out of 12 areas have been selected to be drilled tested within the project based on the combination of soil geochemistry and mapped pegmatite dyke zones. These have been preferentially selected over known pegmatite dykes within elevated lithium assays from soil sampling (greater than 70 ppm Li). Some spot highs include 410 ppm tin and 95 ppm Ta.

The coarse-grained pegmatites are striking between 2800 and 3400 with individual pegmatites ranging from 40m to 440m in length and vary from 0.5m to 4m in width. The Company has designed its maiden RC drill programme over Project to test the potential lithium bearing pegmatites along strike and at depth. In conjunction, shallow reconnaissance drilling over the newly identified soil geochemical target areas will be systematically tested.

Approximately 30% of the northern portion of the tenement remains completely untested by surface geochemistry or mapping. Ground exploration activities will concentrate in the north portion of E45/5873 with Heritage Surveys completed for the calendar year.