Communicators

Jadar Lithium Limited: Sampling on Vranje-South Project Defines Lithium & Borate Anomalies

HIGHLIGHTS

-          Interpretation is completed on Phase two sampling data on Vranje-South project

-          Preliminary stream sediment and soil surveys define a number of areas with elevated Lithium (Li) and Borate (B) values on the Vranje-South project

-          Good correlation between B and Li zones defined in two areas

-          Follow-up sampling program is currently being planned

Jadar Lithium Limited (ASX: JDR) (“Jadar” or “the Company”) is pleased to provide the following update on its phase two sampling activities at the Vranje-South project in Serbia.

The Phase one sampling program had originally consisted of scout mapping, soil & stream sediment sampling along district scale faults within the permit, to determine whether anomalous Li and B mineralisation was present. As a result of the initial program, a number of areas with elevated lithium and boron values were outlined. The Phase two work program consisted of further sampling to determine the extent and trends of the anomalies.

Phase two soil sampling results

The results of the phase two soil sampling program, in conjunction with the results from phase one, indicated a number of areas with anomalous lithium and boron values. There is generally positive correlation between the two elements in a number of zones, mainly the central and eastern portion of the license area.

The lithium values peak at 220ppm, with a number of samples grading above 150ppm. These values cluster in a number of clear trends (refer to Figure 1 for combined phase one and two Li results).

The boron values peak at 826ppm, while a number of samples cluster and define anomalous zones with B values above 300ppm.

Importantly, the two elements appear to define a similar trend and anomalous value distribution.

Figure 1 – Vranje-South project area with Phase 1 and Phase 2 lithium values in soil sampling

Figure 2 - Vranje-South project area with Phase 1 and 2 Boron values in soil sampling

The Company believes that the results of the second phase program provides enough evidence of Li and B anomalies on the project area, to continue with follow-up sampling and more detailed mapping, where possible, which are aimed at defining optimal drilling locations.

Planned activities for the remainder of the Quarter:

-          Follow up sampling and evaluation of target areas (weather permitting)

-          3D geological modelling of the basin based on historically available data and remote sensing techniques

-          Evaluation of geophysical techniques and options to define basin stratigraphy in further detail

-          Preliminary geophysics on target areas to define drill target areas (weather permitting)

The Company is continuing to interpret the results it has received from phase two sampling from other projects in Serbia and on completion will update the market.

ENDS

Further Enquiries

Luke Martino

Non-Executive Chairman

Tel: +61 8 6489 0600

E: luke@jadarlithium.com.au

Competent Person Statement

The information contained in this ASX release relating to Exploration Results has been compiled by Mr Jerry L Aiken, who is a Registered Member of the Society for              Mining, Metallurgy & Exploration (SME). Mr. Aiken has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration, and to the activity being undertaken to qualify as a competent person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the 2012 JORC Code). Mr. Aiken is a consultant to Jadar Lithium Limited and consents to the inclusion in this announcement of this information in the form and context in which it appears.

This announcement contains information extracted from a previous ASX market announcement lodged on 20 August 2018, reported in accordance with the JORC Code (2012) and available for viewing at www.jadarlithium.com.au. Jadar Lithum Limited confirms that in respect of the announcement dated 20 August 2018, it is not aware of any new information or data that materially affects the information included in the original ASX market announcement.

Disclaimer

Certain statements included in this release constitute forward looking information. This information is based upon a number of estimates and assumptions made on a reasonable basis by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Whilst the Company considers all the material assumptions to be based on reasonable grounds, there is no certainty that they will prove correct or that the outcomes indicated in the announcement will be achieved.

Forward-looking statements are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)”, “potential(s)”and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future production, resources or reserves and exploration programs and results. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking information provided by, or on behalf of, the Company. Such factors include, among other things, risks relating to lithium and other commodity prices and currency fluctuations; exploration risks; risks relating to the interpretation of exploration, sampling, drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, development risks, operating risks; competition; time delays, regulatory restrictions; environmental harm and liability and additional funding requirements. Further, despite the Company having attempted to identify all material factors that may cause actual results to differ, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein. Forward-looking information is made as at the date of this release (or as otherwise specified) and except as required by applicable law the Company does not undertake any obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.

To view the entire original news including all tables and appendices, please follow the link: https://www.asx.com.au/asxpdf/20181114/pdf/44085m44l6pg9m.pdf