Alliance Mineral Assets Limited commenced exploration drilling has demonstrated further evidence of an extensive mineralized pegmatite body at its Bald Hill Lithium and Tantalum Mine in Western Australia (Bald Hill Mine). As anticipated, drill hole LRCD0842 intercepted 20m of coarse grained spodumene-bearing pegmatite from 189m down hole (assays pending). The intercept is located between hole LRC0707 (21m @ 1.50% Li2O) to the north and a number of significant intercepts to the south. This area has been interpreted as a single sub-horizontal pegmatite body or group of bodies (Pegmatite 3 West), below the pegmatite bodies Alliance is currently mining at the Bald Hill Mine. 21 wide-spaced drill intercepts within an area of 1.5 km by 0.4 km. All intercepts are mineralized, including 17 which contain significant mineralization grading 1.0% to 2.5% Li2O or >500ppm Ta2O5. Exploration Target area is 2 km long and 0.5 km wide. Exploration Target ranging from 17Mt to 24Mt, grading 1.25% to 1.40% Li2O and 150 to 180ppm Ta2O5. The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource. In the coming months, systematic drilling of Pegmatite 3 West Exploration Target will be undertaken as part of the current 60,000 m drill program. Two RC drill rigs are currently drilling on the eastern extension of the current resource. A single diamond rig commenced on RCD0842 to test Pegmatite 3 West and potential deeper pegmatites to determine the optimal drill depth north and west of the pit. In the coming months Alliance will undertake systematic drilling of Pegmatite 3 West as part of the current 60,000 m drill program. The western and northern limits of the known extent of Pegmatite 3 West contain 21 wide-spaced drill intercepts, all of which are mineralized and 17 of which contain significant mineralization. Based on these drill holes, Alliance has defined a 1 km Exploration Target area and estimates the Exploration Target area ranges from 17Mt to 24Mt grading 1.25% to 1.40% Li2O and 150 to 180 ppm Ta2O5 extending generally between 14 0m and 220 m below surface. The Exploration Target excludes any pegmatites or resources which overlie Pegmatite 3 West Pegmatite 3 West contains both coarse spodumene and tantalum minerals but is predominantly spodumene type pegmatite. It is located immediately adjacent to or below current operations and existing resources and reserves.