Tambourah Metals : Advances Lithium Exploration at Russian Jack

For personal use only

ASX Announcement | 17 March 2022

Tambourah Advances Lithium Exploration at Russian Jack

Highlights:

• Russian Jack tenements E46/1409 (Bonney) and E46/1410 (Noreena) granted
• More than 320km2 of the underexplored split rocks super-suite within the Russian Jack project
• Extensive outcropping pegmatites, felsic intrusives and quartz veining delineated by GSWA mapping remain untested
• Aboriginal Heritage Agreement signed by the Palyku Group
  Tambourah Metals Limited ("Tambourah" "the Company") is pleased to advise that E46/1409 (Bonney) and E46/1410 (Noreena) have been granted by the Department of Mines, Industry Regulation and Safety.

Figure 1. Tambourah Metals Pilbara Lithium and Gold Projects

Registered Address	Board Members		Market Information
Tambourah Metals Limited	Rita Brooks	Executive Chairperson	ASX Code:	TMB
ACN: 646 651 612	Chris Ramsay	Non-Executive Director	Shares on Issue: 64,950,000
1/77 Hay Street, Subiaco WA 6008	Ben Donovan	Non-Executive Director
T: [phone]	E: [e-mail]	W: Tambourahmetals.com.au

For personal use only

Figure 2. Russian Jack Tenements and Geology

Tambourah Metals Limited

ASX: TMB | T [phone]

	Page | 2
tambourahmetals.com.au	1/77 Hay Street,
[e-mail]	Subiaco WA 6008

For personal use only

The tenements are located 40km south of Nullagine, covering an area in excess of 230km2, which is considered prospective for lithium. The historic Bonney Downs Ta-Sn-Li prospect is located within the Golden Eagle Orthogneiss within 250m from the boundary of E46/1409. The Noreena Prospect (E46/1410) is located 5km east of the historic Twin Wells Alluvial tantalum workings.

The Company has commenced a data review of historic geochemical sampling with reported anomalous values of up to 72ppm Li and 42ppm Rb at Bonney South1 (see figure 2).

This ongoing review highlights the prospectivity for pegmatite hosted mineralisation such as lithium, tin and tantalum.

The exploration lease application at Mt Maggie E (E46/1423) has historic reports of rock chip samples within pegmatites of up to 200ppm Li2.

The Company has executed an Aboriginal Heritage Agreement (AHA) with the Palyku group allowing for exploration activities to commence. There is limited historic sampling data, and no records show drilling has occurred within this large project area. The Company proposes to commence follow up of historic stream sediment samples with elevated Li results at the Bonney Prospect.

Situated in the Pilbara granite-greenstone terrane, the predominant rock type throughout the Russian Jack project is Archaean granite with varying amounts of late stage pegmatite fractionation, considered prospective as the source of late-stage rare metal pegmatite intrusions. The pegmatites may include spodumene bearing Lithium-Caesium-Tantalum (LCT) systems.

The planned regional work program will focus on generating priority targets with mapping, soil and rock chip sampling. Hyperspectral data is currently being compiled for this underexplored area of the East Pilbara.

Executive Chairperson, Rita Brooks stated:

"The Company is pleased to expand and expand it's lithium exploration portfolio at the Russian Jack project with the grant of E46/1409 and E46/1410. Plans to commence on ground exploration activities are in progress aimed to identify additional pegmatite hosted targets across our extensive portfolio. Tambourah aims to add these target areas at Russian Jack to our drilling programs as we actively progress exploration for gold and critical minerals"

Authorised by the Board of the Tambourah Metals Ltd.

Rita Brooks

Executive Chairperson

Tambourah Metals Ltd [phone] [e-mail]17 March 2022

Page | 3

Tambourah Metals Limited

ASX: TMB | T [phone]

tambourahmetals.com.au	1/77 Hay Street,
[e-mail]	Subiaco WA 6008

References:

For personal use only

1. Turnbull, C and Meter, L 2015, Annual mineral exploration report Beatons Creek Project for Combined Reporting Group C113/2013: Novo Resources Corp: Geological Survey of Western
   Australia, Statutory mineral exploration report, A105855, 31p., www.dmirs.wa.gov.au/wamex
2. Thomas, M 2018, Annual report for the period 10 August 2017 to 9 August 2018: Sayona
   Mining Limited: Geological Survey of Western Australia, Statutory mineral exploration report, A117999, 19p., www.dmirs.wa.gov.au/wamex

Competent Person Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Kelvin Fox, a full time employee of the company, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Fox has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Fox consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

Forward-looking statements are statements that are not historical facts. Words such as "expect(s)","feel(s)","believe(s)"," will"," may", "anticipate(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:

1. other risks and uncertainties related to the Company's prospects, properties and business strategy. Prospective investors in the Company are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and the Company 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

		Page | 4
Tambourah Metals Limited	tambourahmetals.com.au	1/77 Hay Street,
ASX: TMB | T [phone]	[e-mail]	Subiaco WA 6008

About Tambourah Metals Ltd

For personal use only

In the Pilbara, Tambourah Metals is exploring for Au-Li at Tambourah, Au at Cheela and Li and pegmatite metals at Russian Jack (see figure 3). In the NE Goldfields Tambourah Metals exploring for Ni-PGE-Cu at Achilles and TMB is the second largest tenement holder in the Julimar Nth region.

Figure 3. TMB Project Locations Map

		Page | 5
Tambourah Metals Limited	tambourahmetals.com.au	1/77 Hay Street,
ASX: TMB | T [phone]	[e-mail]	Subiaco WA 6008