Resource modelling conducted on the April-May aircore drilling results has led to an increase of 28% in the overall "bright white" kaolinised granite to 26.0 Mt, of which the Measured Resource category has increased by approximately 80% to 15.6 Mt, and yielding 10.6 Mt of minus 45 micron quality kaolin product

Significant Increase in Mineral Resource at Poochera

2019 infill drilling undertaken in April-May at Carey's Well has resulted in an increase in the Measured Resource category by approximately 80% highlighting improved confidence in the resource quality.

The overall "bright white" kaolinised granite Mineral Resource has increased by over 28% to 26.0 Mt.

The in-situ "bright white" kaolinised granite will yield 10.6 Mt of minus 45 micron quality kaolin product.

The Carey's Well Mineral Resource still remains open to the north and north-east.

These improvements in both the size and quality of the Mineral Resource will be incorporated in the Pre-Feasibility Study which is scheduled for completion early in the June quarter 2020.

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