Tyranna Resources Ltd. informed investors that drilling at the Muvero Prospect is progressing and spodumene is visible in drill-core. At the time of release of this announcement, three drill-holes, NDDH001, NDDH003 and NDDH004 had been completed and the fourth drill-hole, NDDH005 was nearing completion. Drilling is proceeding slowly because of heavy water consumption, commonly about 15,000L per day, which is caused by loss of water-return due to drilling through highly fractured ground.

It has been challenging maintaining an adequate water supply and time has been lost when replenishment of supply was slower than anticipated. All drill-core is being logged in-detail at a site near the drilling using a makeshift field logging core rack and orientation bar. Drill core will be transported by road to the Geoangol facilities where it will be cut and sampled, with samples processed into pulps in the Geoangol laboratory and then exported to Australia for assay.

All aspects of drilling supervision, logging, core-cutting, and core sampling are supervised or completed by Tyranna staff or highly skilled contractors. Tyranna directors Peter Spitalny and Paul Williams were present to commence the drilling (NDDH001, NDDH003 and set-up of NDDH004) and will return to oversee the conclusion of the drilling, cutting of the core and to complete the core sampling. The initial design of the drilling program, discussed in the announcement "Drilling Plan for Muvero Prospect, Namibe Lithium Project" (12 September 2022), relied upon use of the flatter areas of the hill the Muvero Prospect is situated upon.

NDDH001; collar at 221588mE/8322755mN, drilled -45o towards 360o and End-of-hole 92.90m. The drill-hole intersected pegmatite from 5.10m to 11.39m down-hole, representing the continuation of the pegmatite outcropping in front (north) of the drill collar. This intersection of pegmatite was unexpected, as it was thought that the pegmatite dipped steeply towards the north, like the main pegmatite targeted by the drill-hole.

The pegmatite is composed of relatively homogenous pegmatite (Figure 4), typical of the unmineralised wall zone of the larger (thicker) pegmatites. During drilling it became apparent that it would not be possible to complete a down-hole survey of the drill-hole and it was not possible to know if the drill-hole was still on-target or had deviated away from the intended trajectory and possibly unable to intersect the intended target, which was suspected, so the hole was terminated. NDDH003; collar at 221627mE/8322741mN, drilled -48o towards 227o and End-of-hole 83.10m.

Although the drill-hole intersected pegmatite from 3.05m to 21.32m down-hole, the entire pegmatite intersected was comprised of more-or-less homogenous wall-zone rock, implying that the drill-hole was not optimally located or oriented with respect to the pegmatite targeted. During creation of a new path up the hill and minor works leveling a site on the hill, rubble obscuring outcrop was removed and exposed outcrop in some key areas, allowing new observations of the geology to be made. During temporary pauses in drilling caused by water supply deficiencies, additional detailed mapping was completed to clarify the relationships between the pegmatite outcrops.

The original drilling plan utilised sites upon the flatter parts of the hill, minimising site-preparation costs, but with the knowledge gained from NDDH001 and NDDH003 and the detailed mapping, it became clear that the original plan required modification and some cut-and-fill drill-pads were required. Machinery was brought back to site to create new drill-pads and access (Figure 9) while NDDH004, the third drill-hole of the program, commenced. Along with improved drill-hole sites, the new drilling plan (Figure 10) utilises shallower drill-holes but a greater number of them, which will result in greater coverage of the pegmatite in this drilling campaign.

The increased coverage, along with the carefully selected locations, will greatly assist drill-planning for follow-up drilling. NDDH004; collar at 221589mE/8322706mN, drilled -48o towards 237o and End-of-hole 66.60m. The lithium zone intersected by NDDH004 (Figure 13) is the downward continuation of the strong lithium mineralisation exposed at surface and lithium mineralisation appears to comprise a substantial portion of the pegmatite.

It intersected the following sequence of rock: 0m ­ 44.65m, pegmatite, comprised of 0m - 20.25m; assorted intermediate feldspar-quartz-mica zones; 20.25m ­ 42.00m; lithium zone; 42.00m ­ 44.65m; feldspar-quartz-mica wall-zone. 44.65m ­ 66.60m (EOH); hybridised pegmatite-host-rock contact (mix of pegmatite & host-rocks). After completion of NDDH005, the drill-rig will re-locate to drill holes NDDH006 and NDDH007, which target the pegmatite that NDDH001 was intended to test.

The information gained from NDDH005, along with those from NDDH004, will be analysed to determine the best location and orientation for drill-hole NDDH008. It is intended to drill NDDH002 last, and this will be supervised by Tyranna directors Peter Spitalny and Paul Williams.