Jadar Resources Limited announce that legal and technical due diligence has been completed for the Mt Wells and Maranboy Projects. On August 9, 2021, Jadar announced the signing of a Term Sheet with private mining company Outback Metals Pty Ltd. for the purchase of a portfolio of Northern Territory projects collectively referred to as the Mt. Wells and Maranboy Projects which contain several Tin, Copper, Silver, Gold, Tungsten and Iron-Manganese prospects. During the course of completing the Due Diligence process, Jadar engaged independent geological consultants H&S Consultants to complete a Mineral Resource Estimate for the Mt Wells tin and copper deposit. This is the first time a JORC-compliant resource estimation has been completed for Mt. Wells. The outcome is a Maiden Inferred Resource, reported at a 0.3% Sn cut off grade of: H&SC also considered additional down dip material extrapolated from the Inferred Resource and supported by deeper diamond drilling as an Exploration Target. As a result, a JORC compliant Exploration Target has been generated at a 0.3% Sn cut off of: 0.7Mt to 1Mt @ 0.44 to 1.33% Sn & 0.03 to 0.11% Cu for 3,090t to 13,300t Tin metal. Mineralization remains open along strike and at depth from the known mineral resource which is supported by already completed deeper diamond drilling to a depth of 250m below surface. H&SC state that the potential quantity and grade of Sn and Cu given in the Exploration Target above is conceptual in nature, and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target estimate indicates significant potential to increase the resource at Mt Wells. The Inferred Resource extends between 140 to 180 metres from surface, dependent upon density of drill testing for individual lodes. The Exploration Model is supported by intersections to 250 metres depth from surface. Jadar is currently planning RC and diamond drilling programmes to upgrade the Inferred Resource and Exploration Target to Indicated/Measured categories and to provide samples for metallurgical testwork. Jadar intends to rapidly progress the Mt. Wells deposit to pre-feasibility stage, whilst also assessing other tin prospects such as Rosemary and Emerald Hill, which are both located within the Mt Wells tenure, and undertake further drilling at Maranboy to determine the potential of the deposit. Whilst further exploration and upgrading of the current resource is underway Jadar intends to obtain the appropriate approvals and funding to bring the Mt Wells project back into production as quickly as possible. Meetings have already been held with the Northern Territory Department of Industry, Tourism and Trade to map out and execute the approvals pathway. Early indications are that due to the tenure and approvals already in place at Mt Wells that development and production approvals may be received within a few months from application. Bringing Mt Wells back into production will be expedited further by taking advantage of the existing infrastructure, which includes the following: 20-50tph gravity concentration plant - Mill building comprising crushers, rod mill, trommel, jigs, spirals and shaking tables. Offices and three large stone buildings. Accommodation and messing for 20 people. Large dams for water supply and tailings storage. Communications system and weighbridge. Access and haul roads. Underground workings including an admit and railway. Water bores and water tanks. Ore bins and conveyors Some refurbishment and expansion will be required to bring the equipment into a suitable operational condition.