The Marble Bar Project (77km²) is also located along the margin of the Moolyella tin and tantalum alluvial field in the East Pilbara region and is 200km southeast of Port Hedland and 1,300km north northeast of Perth. The Marble Bar Project is accessed via the sealed Marble Bar Road from Port Hedland and a network of station tracks. This project is currently in joint venture with the world’s second largest lithium producer SQM (fill name in full) who are currently solely funding the exploration activities at the project to earn an initial 30% and up to 70% in the DOM’s Hill and Marble Bar Project with Kalamazoo Resources Ltd. Kali, KZR and SQM have entered into a Deed of Assignment assigning KZR’s rights under the agreement to Kali.

SQM have recently provided KZR with notice they have satisfied their first expenditure commitment under the Earn-in Agreement and now have the right to acquire a 30% interest in both the Marble Bar and DOM’s Hill Project but as at the date of the prospectus they have not exercised this legal right, despite being entitled to it.

The Marble Bar Project is located along the margin of the Moolyella tin and tantalum alluvial field and contains numerous local occurrences of mapped lithium-enriched pegmatites. As noted above, recent mapping and surface sampling at the Marble Bar Project has discovered outcropping spodumene-bearing pegmatite dykes and grab samples of spodumene bearing pegmatite have returned up to 2.8% Li₂O. Refer to Section 2.8 for Kali Metals’ proposed exploration strategy at the Marble Bar Project.
Recent field work at the Marble Bar Project has discovered outcropping spodumene bearing pegmatite dykes associated with high grade rock chip samples assaying up to 2.8% Li₂O.

Recent exploration undertaken by Kalamazoo has comprised soil and rock chip sampling and reverse circulation percussion drilling to test several pegmatites. The drilling program undertaken by Kalamazoo in 2022 consisted of 26 reverse circulation holes for 2,419m and intersected multiple thin pegmatites which returned eight 1m pegmatite intervals with greater than 1,000ppm lithium, with the best result in drill hole MB22RC019 of 1m at 2,840ppm (0.61% Li₂O).

The mapping and surface sampling exploration activities conducted by Kalamazoo at the Marble Bar Project has discovered outcropping spodumene-bearing pegmatite dykes and grab samples of spodumene bearing pegmatite have returned up to 2.8% Li₂2O.