Corella Resources Ltd. announce metallurgical test work results completed by a potential offtake partner. The Company is currently in advanced stages of metallurgical test work for kaolin and HPA applications. The Company expects to announce final results of a comprehensive round of metallurgical test work, including HPA, to the market in the coming weeks.

Furthermore, work on the Tampu Scoping study by industry experts CSA Global is in advanced stages of open pit design and optimisation while testing a range of mining scenarios using various production profiles. The Company looks forward to updating the market upon completion of the study. The upcoming HPA results will feed into the Tampu scoping study which is being completed concurrently.

The Company has remained committed on its strategy of developing the Tampu project as Australia's premier kaolin project. An Inferred Resource Estimate for the Tampu Kaolin Deposit of 24.7Mt of bright white kaolinised granite, with 13.1Mt reported in the less than 45-micron size fraction. The Tampu MRE has been reported using a <=1.2% Fe2O3 cut-off, being a statistical break in the modelled data.

A critical factor for the use of kaolin as a feedstock in the HPA industry is the levels of iron impurities, with a value of <=0.5% Fe2O3 considered to be low iron impurity. The consistency of the low iron impurities at Tampu has it well placed to potentially qualify as HPA feedstock. Tampu composite samples are currently undergoing HPA test work with results expected in the coming weeks.