Dalaroo Metals Ltd. announced results from systematic soil geochemical sampling and recent geological reconnaissance relating to Rare Earth Elements (REE) prospectivity and pegmatite-associated Li in the Lyons River Project. Numerous pegmatite swarms have been confirmed and geochemical sampling completed at the Marloo River and View Hill prospect areas. At Marloo River, an initial soil sampling campaign (100 x 250m sample spacing) has revealed zones of elevated REEs (up to 1278 ppm TREO) and Li (up to 93.5 ppm).

These anomalies are associated with feldspar-muscovite-quartz-dominant pegmatites with locally biotite-rich zones, that have intruded a micaceous pelitic schist package, likely of sedimentary rock origin. Within the vicinity of soil samples containing >1000 ppm TREO and >90 ppm Li, an outcropping feldspar-biotite-rich pegmatite body was rock chip sampled (sample 2310AR_002) and returned assay values of 0.89% TREO and 215 ppm Li. In the northern extents of the Marloo River prospect area, a single soil line extension revealed 842 ppm TREO in soils that remains open to the west and east.

Pegmatite outcrops extending over hundreds of metres have also been observed in this area. Dalaroo's lithium anomalous rock chip results targets are located approximately 22 km south-west of the Yinnetharra Lithium Project. The Yinnetharra Lithium Project was recently acquired by Red Dirt for an initial purchase price consideration of $AUD15 million, following significant drill intersections that included 23m at 1.02% Li2O.

Pegmatites in the Yinnetharra district form part of the intrusive Thirty Three Supersuite ("TTS"), which comprises granite, granitic pegmatites (microcline-muscovite-tourmaline) and rare-metal pegmatites. The recent field mapping have confirmed that the granites and pegmatites of the TTS have also intruded the host stratigraphy of the Lyons River Project tenements. Selective reconnaissance rock chip sampling completed at View Hill of the granitic pegmatites has demonstrated whole rock geochemistry that is considered high fertility for LCT-type pegmatites associated with Li mineralization.

Assays from the pegmatite swarm that extends across a 9km X 6km area have returned highly anomalous values of 114 ppm Li, 1638 ppm Rb, 187 ppm Nb and 182 ppm Sn. Rock chip sampling of pegmatites in other targeted pegmatite swarm areas, west of View Hill, has returned significant Ta and Nb values of 116ppm and 329ppm respectively with anomalous Rb of 904ppm. At Marloo River, detailed mapping and representative rock chip sampling of pegmatites will be completed across the prospect area.

Whole rock geochemistry of the various pegmatite bodies and any significant internal zonation may then be assessed for a potentially large scale rare metal mineralization system at Marloo River. Additionally, in the northern extents of the prospect area, step out soil sampling will be carried out adjacent to the > 700 ppm TREO soil anomaly identified in the sampling to date. In the View Hill pegmatite zone, regional scale north-south oriented 100m-spaced soil sampling transects is underway to assess geochemical zonation and, therefore, trends in fertility and rare metal/Li prospectivity across the large 9 km x 6 km area.

It is expected that definition of such geochemical trends will aid in vectoring towards high-grade rare metal mineralization at the deposit scale.