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Solutions for an advanced,

sustainable future

CROSSLAND STRATEGIC METALS LIMITED

Crossland Strategic Metals (CUX) listed on the ASX in April, 2007 (name change 16 May 2013). In June 2008, CUX entered a joint venture agreement (JVA) with Panconoz Ltd (a wholly owner subsidiary of Pancontinental Uranium Corporation) to explore and develop the Charley Creek project area. In late 2015, Essential Mining Resources (EMR) acquired all of these assets from PUC, which amounts to 43.72% of project. EMR and Crossland merged their interests in the joint venture into Crossland on 31st May 2017, so that Crossland once more control 100% of the Charley Creek Project and surrounding tenements.

The Charley Creek project, located 110km W-NW of Alice Springs NT Australia, is an alluvial sand mining development project. The project is focused on the extraction of rare earth minerals (monazite and xenotime). Our product will be a high purity rare earth oxide/hydroxides suitable for export to downstream high-purity product refiners with by-products of industrial zircon and ilmenite.

About us

Rare-earths are used for high-performance magnets for efficient and compact generators

Crossland is focused on developing the Charley Creek project. We are a lean team of experienced mining professionals with very low overheads and big aspirations. A Scoping Study was completed in 2013, after a culmination of years of multi-disciplinary work, which serves as a platform for project development. Since that time rare earth prices have dropped considerably in tune with general commodity prices. To our favour mining industry cost competitiveness has improved and technology has marched forward. Our team pursues low cost alternatives, process improvements and following up on critical issues necessary for the project's success. For now, with a lean budget, our project development is currently being managed by it's Directors. As needed, we have commissioned testwork and engaged independent expertise. We will soon be commissioning an update to our Scoping Study to incorporate our latest findings. With a project development plan in hand, we are seeking to progress to the Pre-Feasibility Study stage. Crossland have set their sights on this next step.

Showing some air-core drill chips in trays during logging....

Project Work Update

August 25, 2019

Crossland’s project development strategy remains focused on updating the Charley Creek Scoping Study, as a necessary step for further funding of the project pre-feasibility study.

Following our air-core drilling programme completed in March 2019, our project team spent the next few months processing drill samples. By June 2019, our team completed :

logging of 139 holes (3,744 samples),
dispatch and receipt of assays for 105 holes (1,200 composite assays), and
preparation of 17 tonnes of metallurgical samples

Currently, SRK Consultants Perth are reviewing data from the drilling programme. Using this information, SRK will develop a resource model. Further metallurgical test work is planned as support for the JORC 2012 Resource Estimation. These parameters will be used in the economic base case, as a requirement to establish reasonable prospects for eventual economic extraction (RPEEE). This test work programme is additional to the previously reported “Proof of Concept” programme that is planned for later this year.

During 3rd quarter 2019, we hope to have started mineralogical tests that aim to determine specific characteristics of the ore, specifically:

re-examine the relationships between rare-earth elements and mineralogy,

undertake heavy media tests and analyse concentrates, to confirm indicative mineral process recovery for different material horizons,

investigate the use of flotation to simplify the process plant flow-sheet,

assess the significance of Scandium detected in the latest drilling programme. Scandium was identified but not assayed extensively in previous drill programmes.

This work is also an ideal opportunity to challenge our existing process plant flow-sheet. This is an opportunity to further improve the current process flow-sheet, potentially reduce project capital, hopefully simplify the process route and maximise the value of saleable products. At the same time, provide confidence regarding the preferred process flow-sheet for the large scale "Proof of Concept" test work planned for later this year. We currently await quotes and detail of work proposals from reputable metallurgical laboratories.

With the JORC resource report update in hand, Crossland will seek further funding to commence work necessary to complete the Scoping Study. Additional refinery product test-work is required to provide greater confidence in the refining process, product yields and specification. Large scale laboratory test-work, involving bulk material processing, is required to obtain sufficient concentrate for refinery test work. This work also serves to provide metallurgical and engineering “proof of concept” for several of the concentration processes; normally these tests are completed during the pre-feasibility stage.

By completing the described work programmes, Crossland can update the Stage 2 Scoping Study. With this study in hand, the potential of the Charley Creek project can be independently substantiated, thereby allowing Crossland to seek equity funds at significantly higher market value. The total budgeted cost of the process/refinery test work programmes and the Stage 2 Scoping Study update are estimated to be $750,000 to $1M.