Tyranna Resources - Exploring Angola's Untapped Lithium Potential

• Tyranna Resources is a relatively new player in Angola, with just over 12 months of involvement in the project.
• The company's primary focus in Angola is to secure a future supply of lithium in Africa, and they emphasize being a first mover in an area with no modern exploration.
• Tyranna Resources highlights its favorable location near deep water ports, abundant infrastructure, strong government support, and funding from Sino Mind Group Resource Group.
• The company plans to accelerate its exploration program, promote ESG credentials, and aims to contribute to the development of the local workforce and economy while pursuing a significant lithium deposit.

About Tyranna Resources

Tyranna Resources is an emerging lithium exploration company focused on the exciting Namibe lithium project in southwest Angola. With only minimal modern exploration conducted in the region, Tyranna sees excellent potential to uncover substantial high-grade lithium deposits and establish itself as a major supplier to meet surging global demand.

Strategic Angolan Location with Supportive Government

The 200 sq km Namibe lithium project is strategically located just 20km from a deep water port, providing excellent infrastructure to efficiently export products globally. There is strong support from the Angolan government, which is actively promoting foreign investment in its vast untapped mineral resources. The region has established rail, electricity (hydro and solar power) and other critical infrastructure to facilitate exploration and development.

Fully Funded by Strategic Partners

Tyranna Resources is fully funded to fast-track exploration at Namibe, thanks to a A$14.8 million investment by strategic partner Sino Mining Group. The leading Chinese resource company, with a market cap exceeding US$8 billion, also has lithium processing expertise and a global customer base. An off-take agreement for 50% of future production provides further funding up to A$31 million.

Experienced Leadership Driving Exploration

An experienced board and management team is leading Tyranna's exploration program. Technical expertise is provided by geologists Paul Williams and Peter Spitalny who have significant African project experience. The company is building local expertise, with over 90% local employment to date. Environmentally conscious exploration uses hydropower, solar and has a low carbon footprint.

Encouraging Results Underpin Upcoming Drilling Campaign

Despite only sampling 2% of over 1,000 identified pegmatites to date, results have been very encouraging. Lithium mineralization has been confirmed at multiple sites, with grades up to 8% lithium oxide from rock chip sampling at the highly prospective Mavero prospect. Shallow drilling at Mavero also intersected wide zones of lithium mineralization.

Tyranna Resources is fully funded to commence a major 6,000m drilling program in Q4 2023, focused on the high-grade Mavero prospect. This drilling aims to substantially grow the project's lithium resource inventory during 2023. Multiple exploration updates can be expected over the coming months as this exciting campaign progresses.

Early Mover in an Emerging Lithium Destination

With accelerating demand forecast to grow lithium supply ten-fold by 2040, new sources are urgently required. As a first mover in southwest Angola, Tyranna has established a sizeable footprint and is fast-tracking exploration of known surface lithium occurrences.

Based on results so far, there is strong potential for Tyranna Resources to delineate a world-class lithium resource to help meet surging global demand. With supportive infrastructure, strategic partners and funding in place, Tyranna offers investors excellent leverage to success in this new African lithium province.

The Investment Thesis for Tyranna Resources

• First mover advantage in an underexplored region: Tyranna has secured a large 200 sq km land package with known lithium mineralization in southwest Angola, where modern exploration techniques have never been applied. This provides Tyranna with the potential to make a major new lithium discovery.
• Strategic backing from major partner: The $14.8 million investment and off-take agreement from leading Chinese lithium producer Sino Mining provides strong validation of the project. Sino's expertise and funding de-risks project development.
• Surging lithium demand: Lithium demand is forecast to grow up to 10 times by 2040 as electric vehicle adoption accelerates. New sources of supply are urgently needed, providing strong demand fundamentals.
• Promising results to date: Despite limited exploration so far, Tyranna has encountered high-grade lithium at multiple targets, including up to 8% Li2O. This highlights the project's exceptional potential.
• Fully funded aggressive exploration: Tyranna is fully funded to fast-track exploration, with drilling underway. Regular news flow from the well-planned drilling campaign could provide share price catalysts.
• Experienced board and management: Tyranna has the technical and financial expertise to develop the project successfully. The team has a track record of developing projects in Africa.
• Supportive mining jurisdiction: The Angolan government is actively promoting and supporting foreign investment in resources to diversify its economy.

In summary, Tyranna provides investors excellent leverage to exploration success in an exciting new lithium province with minimal current competition. The company has the funding, assets and team to potentially generate substantial shareholder value.