Impressive Drill Results Received From Swanson Tantalum Project

Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that it has completed the extended drilling program commenced in August 2021 and hereby announce additional drilling results from the Swanson Tantalum Project.

HIGHLIGHTS

• Drill program at Swanson completed on time and within budget
• Results indicate a potential increase of the existing open pit Mineral Resource
• 291 diamond drill holes totalling 1,217.54 m, focussed on eight of the fifteen known pegmatites comprising the Swanson Swarm, have been completed.
• Sample analyses of 13 drill holes aimed at confirming the open pit potential of the F1-pegmatite have been received, confirming impressive intersections with an average true width of 1.93 m (0.23 – 3.48 m) @ 596 g/t2 Ta2O5 (161 – 884 g/t Ta2O5)
• The thickest pegmatite intersection to date of 9.53 m (true width) reported in drill hole DP24
• Assay results from 12 drill holes remain outstanding and we are expecting the remaining drilling results over the coming weeks
• Mineral Resource update expected Q2/2022 to form the basis of a planned feasibility study

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