Kalamazoo Resources : - Pilbara Lithium Project Acquisition

ASX Announcement

14 December 2021

Pilbara Lithium Portfolio Expanded with Acquisition of the

only	Pear Creek Project -
Marble Bar Lithium Exploration Update
Highlights
Pear Creek Lithium Project Acquisition
•	Acquisition of significant new lithium exploration tenure ("Pear Creek Lithium Project") (147km2), in close
use•	proximity to Kalamazoo's 100% owned DOM's Hill and Marble Bar projects, East Pilbara WA
The acquisition nearly doubles Kalamazoo's lithium exploration tenure to 348km2 in this highly
	prospective mineral region
•	The East Pilbara region is subject to major lithium exploration activity and hosts two of the world's
	largest pegmatite-hosted lithium mines at Pilgangoora (Pilbara Minerals Ltd ASX: PLS) and Wodgina
	(Albemarle NYSE: ALB/Mineral Resources Ltd ASX: MIN)
•	Adjacent to DOM's Hill, the Pear Creek Lithium Project consists of three granted Exploration Licences
	(E45/3856, E45/4616 and E45/5813) covering highly prospective Archaean granite-greenstone terrane
	in proximity to the nearby Pilgangoora and Wodgina lithium deposits
•	The Pear Creek Lithium Project includes ~25km strike extent of prospective 1-7km wide Archaean
	granite-greenstone contact zone, otherwise known as the "Goldilocks Zone", which is highly
	prospective for pegmatite-hostedlithium-caesium-tantalum ("LCT") mineralisation
•	Importantly, the Pear Creek Lithium Project has seen little to no modern exploration for LCT pegmatite
personal	mineralisation and this will now be a major added focus for Kalamazoo in the upcoming field season
Marble Bar Lithium Project Update
•	Numerous outcropping pegmatite dyke occurrences recorded in early December 2021 along existing
	tracks, including some which contained visible amounts of lepidolite (lithium mica)

ForKalamazoo's Chairman and CEO Luke Reinehr said today, "Kalamazoo has unfinished business at Pear Creek, having previously explored there in 2013 for a few years, whilst searching for gold. Of course, at that time, there was little interest in lithium exploration, so it was not on our radar. Our teams' excellent soil

geochemistry surveys and pegmatite dyke mapping over the last few months at the DOM's Hill and Marble Bar Lithium Projects, provides us with confidence in exploring for LCT pegmatite mineralisation in the immediate area, so leading us back to Pear Creek. Combining the Pear Creek Lithium Project with our highly prospective existing tenure is an important component of our strategy to discover long-life, large scale lithium deposits in the Pilbara, which complements our major gold exploration activities in the area."

Perth	ASX: KZR	Melbourne
16 Douro Place	ACN: 150 026 850	Unit 3, 328 Reserve Road
West Perth WA 6005	[e-mail]	Cheltenham VIC 3192
1300 782 988	www.kzr.com.au	[phone]

Kalamazoo Resources Limited (ASX: KZR) ("Kalamazoo" or the "Company") is pleased to advise that it has acquired three exploration licences (E45/3856, E45/4616 and E45/5813) in the East Pilbara region, WA. This

new project, referred to as the "Pear Creek Lithium Project", covers ~147km2 of highly prospective lithium
and gold geology located between Kalamazoo's existing DOM's Hill and Marble Bar Lithium Projects (Figure
1).
Like the nearby DOM's Hill, this new Pear Creek project area contains a geological setting with target host
useonly
rocks strongly analogous to that of the nearby world class Pilgangoora and Wodgina pegmatite-hosted
lithium deposits. Furthermore, this acquisition represents a near doubling of Kalamazoo's lithium and gold
exploration licence tenure in this highly prospective region to 348 km2 (Figure 2).
personal
Figure 1: Location of KZR's DOM's Hill, Pear Creek and Marble Bar Projects with respect to the Pilgangoora and Wodgina lithium
	mines and the Archer lithium deposit on a background WA regional-scale aeromagnetic image1. The interpreted "Goldilocks
		Zone" is defined as a 4km wide zone located along the Archaean granite-greenstone contact area.

The lithium mineralisation potential at both the DOM's Hill and Pear Creek project areas was initially identified by the fact that their shared geology was analogous to that of the nearby Pilgangoora and Wodgina lithium deposits. The project geology for the region, and in particular the granite-greenstone contact zone, or "Goldilocks Zone", is clearly shown in the WA regional scale aeromagnetic image (Figure For1). Based on this strong analogy, Kalamazoo considers both the DOM's Hill and Pear Creek Lithium Projects

to be highly prospective for rare-element granitic pegmatites of the LCT geochemical group.

1 Refer to the Western Australian Department of Mines, Industry Regulation and Safety website: Lithium in Western Australia poster - June 2021

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Figure 2: Location of Kalamazoo's lithium exploration projects at DOM's Hill, Pear Creek and Marble Bar, East Pilbara WA.

Note that Kalamazoo has gold rights only in respect to E45/4724.

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personalForThe Pear Creek project area is and has historically been considered prospective for a range of gold, nickel, cobalt and base metal deposits. The area has been recently re‐rated for its gold potential due to shear hosted gold resources being identified to the east at the Warrawoona project by Calidus Resources Ltd (ASX: CAI) and the intrusion related mineralisation at the Hemi discovery at Mallina by De Grey Mining Ltd (ASX: DEG).

Kalamazoo considers it positive that despite its close proximity to two of the world's largest hard-rock lithium mines, there has been no known previous exploration for lithium undertaken at Pear Creek. This may be partly explained by some of the project area being overlain by a thin veneer of younger sedimentary cover.

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Acquisition Terms

Kalamazoo, via its wholly owned subsidiary Kali Metals Pty Ltd, has acquired the Pear Creek Lithium Project by entering into binding Mining Property Sale and Purchase Agreements with the issue of 2,352,940 Kalamazoo Ordinary shares (effective cost of $800,000). The Shares will be issued to the parties below (or their nominees) under the Company's available placement capacity pursuant to Listing Rule 7.1 and none of the parties are related parties to the Company. The breakdown of the share issue is:

	• Great Sandy Pty Ltd and Epminex WA Pty Ltd (E45/4616-I): 1,176,470 shares
	• Great Sandy Pty Ltd (E45/3856-I):	588,235 shares
	• Rich Well Resources Pty Ltd (E45/5813):	588,235 shares
The acquisition consideration does not include any capital outlay by Kalamazoo.
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Marble Bar Lithium Project (E45/4700) - Field Reconnaissance Finds Lepidolite-Bearing Pegmatite Dykes

useDuring a brief field reconnaissance exercise at Kalamazoo's Marble Bar Lithium Project conducted in early December 2021, Kalamazoo's geologists recorded numerous outcropping pegmatite dyke occurrences along existing tracks some of which contained visible amounts of lepidolite (lithium mica) (Figures 3 and 4). These occurrences support historical reports of lithium-enriched pegmatites recorded elsewhere within the northern parts of E45/4700 (Figure 4). The occurrence of lepidolite was verified visually as well as via RAMAN spectroscopy of select rock chip samples (Figure 5). A selection of pegmatite rock chip samples collected during this exercise have been submitted for laboratory assay and quantitative X-ray Diffraction

(XRD) analyses (pending).

personalKalamazoo considers the occurrence of numerous pegmatite dykes, some of which are lithium enriched, on the margins of the Moolyella Monzogranite source intrusion and related alluvial tin-tantalum field as

strong positive indications of LCT prospectivity in E45/4700. The field reconnaissance exercise was brief and largely restricted to existing tracks however it further highlights the potential to discover more pegmatites. Additional field reconnaissance campaigns will be planned once the current project-wide detailed soil geochemistry survey is completed (mid-December 2021) and evaluated (late January 2022).

For

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Figure 3: Location of E45/4700 and application E45/5970 on a background GSWA East Pilbara 1:250k Interpreted Bedrock Map

Sheet. Note the location of these two tenements on the southern margin of the Moolyella alluvial tin and tantalum field.

For

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