6  Outram  Street,  West  Perth  WA  6005  PO  Box  1227,  West  Perth  WA  6872  

Phone:  +61  8  9324  1053    Fax:    +61  8  9324  3366

 

ASX  Code:  MCT  1  March  2016  

Extensive  Pegmatites  Confirmed  in  Pilgangoora  District,  WA  

• Field  work  confirms  extensive  outcropping  pegmatites  at  the  Stannum  Lithium  Project.  

• Pegmatites  mapped  at  L1  and  L2  Targets  within  ~5km  strike  extent  at  Stannum.  

• Limited  rock  chip  sampling  completed  and  submitted  for  chemical  analysis.  

• HyMap  hyperspectral  survey  data  acquired  for  the  Stannum  Project  area.  

• Pegmatites  mapped  and  samples  taken  from  other  Pilbara  Lithium  projects.  

• Field  work  being  organised  for  Greenbushes  and  Lake  Cowan  district  Projects.    

Metalicity   Limited   (ASX:MCT)   (“MCT”   or   “   Company”)   is   pleased   to   announce   that   significant  outcropping  pegmatites  have  been   confirmed  at   the   L1  and   L2   Lithium  Targets   at   the   Stannum  Lithium  Project  (100%  MCT),  within  the  Pilgangoora  South  Project,  Pilbara  Region,  WA  (Figure  1).    The   Stannum   Lithium   project   covers   an   area   of   9.6   km2   and   adjoins   the   Wodgina   Tantalum  Operations  owned  by  Global  Advanced  Metals  (Figure  2-­‐3)  and  within  the  same  geological  terrane  as  the  world’s  second  largest  hard  rock  Lithium  deposit  at  Pilgangoora,  being  developed  by  both  Altura  Mining  Limited  (ASX:AJM)  and  Pilbara  Minerals  Limited  (ASX:PLS).        Access  to  project  areas  and  field  work  was  undertaken  with  helicopter  support  from  Port  Hedland  to   rapidly  evaluate  all  projects  and   to   fast   rack  work   for   follow  up   infill   and  extension  sampling  and  targeting,  to  confirm  high  priority  areas  for  drill  testing  once  tenements  are  granted.      At   the  Stannum  Project,  where  significant  outcropping  pegmatites  have  been   identified,   limited  rock   ship   samples  were   collected   (Figure   4-­‐6)   under   the   exploration   teams’  Miner’s   Rights   and  have   been   submitted   for   chemical   analysis   using   sodium   peroxide   fusion   and   ICP   -­‐   AES/MS   to  assay  for  a  wide  variety  of  elements  including  lithium  and  tantalum.    Mineral  identification  work  is  planned  on  selected  samples  once  assays  have  been  received.    HyMap  hyperspectral  data  for  the  Stannum  Project  area  has  been  acquired,  and  is  being  assessed  by   a   specialist   geophysicist,   for   its   usefulness   in   identifying   the   various   classes   of   pegmatites  expected  to  be  present  in  the  area  including  albite-­‐spodumene  and  lepidolite.      Reconnaissance   field   work   was   also   undertaken   at   the   Pilgangoora   East;   East   Strelley   and  Mundine  Well  projects  in  the  Pilbara  Region.  At  Mundine  Well,  significant  outcropping  pegmatites  were   located,   and   limited   rock   chip   samples   were   collected,   and   have   been   submitted   for  chemical  analysis.  Results  are  expected  to  be  received  within  4  weeks.      Field  work  including  geological  mapping,  surveying  and  rock  chip  sampling  is  now  being  organised  for  the  Greenbushes  and  Lake  Cowan  districts,  where  the  company  has  recently  applied  for  870  km2  and  409  km2  of  exploration  licences  respectively.  The  Greenbushes  district  applications  share  common  host  rock  and  structural  characteristics  to  the  Greenbushes  lithium  deposit,  the  world’s  largest  and  highest  grade,  being  mined  by  Talison  Lithium.          

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6  Outram  Street,  West  Perth  WA  6005  PO  Box  1227,  West  Perth  WA  6872  

Phone:  +61  8  9324  1053    Fax:    +61  8  9324  3366

 

The   Company   intends   to   explore   these   new   project   areas   for   outcropping   and   undetected  pegmatites  that  may  host  rare  metal  mineralisation.    Desktop  surveys  are  ongoing  to  refine  target  areas   for   field   surveys,   which   have   and   will   continue   to   include   geological   mapping   and  geochemical  sampling  programs.  Importantly,  the  Company’s  initial  exploration  programs  in  these  new  project  areas  are  sufficiently  funded  with  the  company’s  existing  cash  in  bank.      Figure  1.  Location  of  Metalicity  Limited’s  Lithium  Projects,  WA.        

   

Pilbara   Lithium  Projects  

Greenbushes  Lithium  Projects  

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6  Outram  Street,  West  Perth  WA  6005  PO  Box  1227,  West  Perth  WA  6872  

Phone:  +61  8  9324  1053    Fax:    +61  8  9324  3366

 

Figure  2.  Stannum  Lithium  Project,  Geology,  Landsat  and  High  Priority  Targets  L1  and  L2      

       

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6  Outram  Street,  West  Perth  WA  6005  PO  Box  1227,  West  Perth  WA  6872  

Phone:  +61  8  9324  1053    Fax:    +61  8  9324  3366

 

Figure  3.  Stannum  Lithium  Project,  Geology,  Landsat  and  High  Priority  Targets  L1  and  L2      

   Figure  4.  Outcropping  pegmatites  at  Stannum  Lithium  Project      

   

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6  Outram  Street,  West  Perth  WA  6005  PO  Box  1227,  West  Perth  WA  6872  

Phone:  +61  8  9324  1053    Fax:    +61  8  9324  3366

 

Figure  5.  Outcropping  pegmatites  at  Stannum  Lithium  Project      

   Figure  6.  Outcropping  pegmatites  at  Stannum  Lithium  Project      

 

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6  Outram  Street,  West  Perth  WA  6005  PO  Box  1227,  West  Perth  WA  6872  

Phone:  +61  8  9324  1053    Fax:    +61  8  9324  3366

 

FOR  MORE  INFORMATION:    Matt  Gauci              Managing  Director    T:  +61  8  9324  1053    

About  Metalicity  Limited  

Metalicity   Limited   is   an   Australian   mining   exploration   company   with   a   primary   focus   on   base  metals   sector   and   the   development   of   the   world   class   Admiral   Bay   Zinc   Project,   located   in   the  north  west  of  Australia.  The  company  is  currently  undertaking  a  scoping  study  on  Admiral  Bay  due  to  be  completed  by  March  2016.  The  Company’s  secondary  focus  is  the  rare  metals  sector  with  the  recent   addition   of   the   Pilgangoora   South   Lithium   Project   and   the   Munglinup   North   Graphite  Project   where   early   stage   exploration   has   commenced.   The   Company   is   supported   by   a  management  team  with  more  than  200  years  collective  experience  in  the  resources  sector.    

Competent  Person  Statement    

The  Australasian  Code  for  Reporting  of  Exploration  Results,  Mineral  Resources  and  Ore  Reserves  (the   ‘JORC   Code’)   sets   out   minimum   standards,   recommendations   and   guidelines   for   Public  Reporting   in   Australasia   of   Exploration   Results,   Mineral   Resources   and   Ore   Reserves.   The  Information   contained   in   this   announcement   has   been   presented   in   accordance  with   the   JORC  Code   and   references   to   “Measured,   Indicated   and   Inferred   Resources”   are   to   those   terms   as  defined  in  the  JORC  Code.    

Information  in  this  report  relating  to  Exploration  results  is  based  on  information  compiled  by  Mr  Brendan   Borg   who   is   a   Member   of   the   Australasian   Institute   of   Mining   and  Metallurgy   and   a  Principal   Consultant   with   Borg   Geoscience   Pty   Ltd.  Mr   Borg   has   sufficient   experience   which   is  relevant  to  the  style  of  mineralisation  and  type  of  deposit  under  consideration  and  to  the  activity  which  he  is  undertaking  to  qualify  as  a  Competent    Person  as  defined  by  the  2012  Edition  of  the  Australasian  Code  for  reporting  of  Exploration  Results,  Mineral  Resources  and  Ore  Reserves.    Mr  Borg  consents  to  the  inclusion  of  the  data  in  the  form  and  context  in  which  it  appears.  

 

 

 

 

   

David  Tasker    Professional  Public  Relations  T:  +61  8  9388  0944  

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