Allup Silica Limited announced the preliminary results from the initial round of surface sampling on Pink Bark tenement E63/2139. These initial results provide an indication of a grass roots silica sands discovery in this tenement, which is located approximately 110 kilometres from the nearest Port. Given the preliminary positive raw sample grades, the Company has submitted bulk samples to Nagrom Metallurgical Laboratory in Perth for further testwork (wet screening, heavy liquid separation, attrition and screening, magnetic separation).

This testwork will help identify the potential for these silica sands to clean-up after processing into a suitable silica sand product. These tests are currently underway, and once completed, the final results, once received, will be sent to Battery Limits metallurgical consultants for the preparation of an Independent Metallurgical Report, which will then be released to the market. Pink Bark is located approximately 110 kilometres north of Esperance, between the small towns of Salmon Gums and Grass Patch.

The exploration project consists of two tenements, being E63/2139 (granted) and ELA63/2138 (pending). Landowner Exploration and Access Agreements on E63/2139: Only preliminary sampling work has been carried out on the granted tenement E63/2139, and this was pursuant to the signing of exploration and access agreements with the relevant landowners. The Company currently has nine exploration and access agreements in place with the landowners covering the identified areas of interest at Pink Bark.

Land Use and Type: The predominance of this location is cleared and practicing farmland, with little or no permanent vegetation or forestation. Next Steps: The Company expects to publish results from the surface sampling testworks program in the third quarter of 2022. Following interpretation of the results, the Company plans to continue exploration at Pink Bark with a drilling, sampling, and analysis/metallurgy program once approvals are received.