Corella Resources Ltd. (?Corella? or the ?Company?) announced the completion of the Company's initial Tampu Mineral Resource Estimate completed by CSA Global and reported in accordance with the 2012 JORC Code and guidelines. Following listing in April earlier this year the Company immediately commenced resource and metallurgical drilling facilitating the rapid completion of the Tampu Kaolin Project maiden Mineral Resource Estimate (?MRE?). The maiden resource has significant potential to grow, given the 446% increase in the Company's landholdings at Tampu since listing, and that the shallow kaolin mineralisation is close to surface (average <4 m from the surface) and open in all directions. The maiden resource covers only 0.15% of the entire Tampu Project area. HPA test work and further exploration planning has commenced. With cash on hand of $4.5 million at the end of September 2021 and low drilling costs due to shallow deposits, the Company is well placed to deliver technical studies and resource growth with existing cash reserves. The 24.7Mt Tampu Kaolin Deposit is located within the 100% owned exploration licences E70/5235 and E70/5214 and lies 34 kms to the north of the wheatbelt town of Beacon 250km north-east of Perth in Western Australia. A Mineral Resource Estimate has been completed for the Tampu kaolin deposit by CSA Global Pty Ltd. (CSA) and has been reported in accordance with the JORC 2012 Code and guidelines. The Tampu MRE has been reported using a <=1.2% Fe2O3 cut-off, being a statistical break in the modelled data and when plotted spatially demonstrates the consistent nature of the Tampu Deposit and highlights its amenability to a simple, shallow open pit operation, which will be investigated in further technical studies. A critical factor for the use of kaolin as a feedstock in the HPA industry is the levels of iron impurities, with a value of <=0.5% Fe2O3 considered to be low iron impurity. The grade tonnage curve below highlights the extremely low levels of iron impurities within the bright white kaolin mineralisation at Tampu. The consistency of the low iron impurities at Tampu has it well placed to potentially qualify as HPA feedstock. Samples are currently undergoing test work for HPA analysis and by potential offtake partners using their own processes. The Mineral Resource yields 13.1Mt of high-grade low impurity bright white kaolin product in the minus 45-micron recovered fraction, with the remaining approximate 48.8% of material being largely residual quartz derived from the weathered granite. The Company plans to complete further studies and determine if this residual quartz material has the potential as a by-product for use in the construction and building industry. Kaolin is exceptionally well-suited natural material to produce High Purity Alumina (HPA) used in high end technology such as Lithium Ion Batteries (LIB). The high purity bright white kaolin deposit at Tampu has extremely low levels of impurities, which is critical to all existing markets and end user products. The ultra-high purity distinguishes it as a leading kaolin project with the entire 24.7Mt of resource once screened to -45 micron having the potential suitability for use as feedstock in the HPA industry, subject to successful HPA test work. The resource at Tampu is contained within a weathered granite where the feldspar in the coarse-grained granite has been altered to kaolinite and halloysite by weathering. This intense weathering has dissolved and leached selected constituents of the rock and formed an in-situ deposit of white kaolin up to 20m thick with associated quartz. The town of Beacon 34km away from the Project by road is the closest town for supplies, fuel and accommodation. Beacon is serviced by railway and has a large currently unused grain storage facility and grain hopper over the railway line. As a bulk mining material, it is crucial that after defining a robust high-grade resource there is the right supporting infrastructure and transportation routes. The 100% owned Tampu Kaolin Project is in an attractive location serviced by existing infrastructure including road, power, water, natural gas and a skilled workforce. Bitumen roads provide excellent access. Communications infrastructure is also very good, with a Telstra mobile phone tower in the middle of the project providing excellent communications across the Tampu project. Adding to the potential of the Tampu Kaolin Project in the wheatbelt region of Western Australia is that Tampu is located only 250km northeast of the Kwinana Bulk Terminal in Fremantle, the large bulk commodity export port facility in Western Australia. With Western Australia's stable mining jurisdiction, international recognition of the states impressive kaolin resources, anticipated future supply deficits and significant growth in demand, combined with the low capex economics of the simple processing of kaolin deposits from surface, are all positive supporting factors towards Tampu's viability.