Outstanding Final Drill Results Received For 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 all the drilling results from the Swanson Tantalum Project have now been received.

HIGHLIGHTS

• Assay results from the final 12 drill holes received
• Encouragingly, all holes from the 29-hole program intersected pegmatite
• Results indicate a potential increase of the existing open pit Mineral Resource:
• 3 drill holes over the D-pegmatite returned intersections with an average true width (for all three pegmatites D0, D1, D2) of 10.62 m @ 372 g/t¹ Ta2O5 (192 – 808 g/tTa2O5)
• 9 drill holes over the F1-pegmatite returned intersections with an average true width of 1.22 m @ 564 g/t¹ Ta2O5 (315 – 731 g/t Ta2O5)
• JORC Mineral Resource update expected Q2/2022, which will then form the basis of a planned feasibility study

Philip le Roux, the CEO of Arcadia stated: “We are pleased results have exceeded our expectations. Now we look forward to an updated mineral resource statement and commencing the necessary studies to determine the economic viability of the Swanson Project”.

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