Kendrick Resources Plc provided an operational update for its Airijoki Project in Vittangi and initial work undertaken on the recently acquired Mjovattnet nickel - copper - PGM licence in Sweden. Highlights: Commencement of 1,500m exploration diamond drill programme over Airijoki 200 licence with the objective of significantly increasing the existing vanadium mineral resource; Completion of ionic leach soil sampling programme over recently awarded prospective Airijoki licences where extensions to known vanadium and copper mineralisation may occur; Completion of ionic Leach soil sampling programme over the recently acquired Mjov Attnet Nickel-Copper-PGM licences in Sweden. The company are confident for the potential of strike extension as well as generating future targets within the licence.

The current soil programme will greatly assist in this direction. The company will report the results for both the drilling and soil sampling programme as they are completed and interpreted by the company's geologist and third-party consultants were appropriate. Earlier in the year the Company set out its intention to increase the mineral Resource at Airijoki which currently stands at 44.3Mt @ 0.4% V2O5 for 100,800 tonnes of contained V2O5 and this programme is progressing on two fronts; Firstly, with additional geochemical surveys over most recent licence acquisitions where coincident prospective vanadium and copper in soil and rock values and geophysical anomalies are suggestive of a continuation of the geology that has generated the maiden resource; Secondly, the drill programme has commenced and feedback from site indicates promising intercepts of magnetite-bearing rock are clearly present which is expected to host vanadium.

The current focus is on the known geophysical extension of the current Mineral Resource within Licence Nr 200 where the geophysical signature clearly shows a continuous anomalous extension where earlier drilling on the adjacent Kendrick licence intersected vanadium-bearing lithologies. There is a noticeable groundswell of interest and commitment to Vanadium Redox Battery technology. The Airijoki 200 licence is located immediately to the northeast of the Airijoki 100 licence in which the 44.3Mt JORC Inferred Vanadium resource is estimated.

Following the completion of a Magnetic Ground Survey in March 2021 over the Airijoki 200 licence, it can be deduced with a reasonable amount of confidence that the Vanadium mineralisation extends and continues to the northeast into this licence area. A public meeting was held at the Vittangi community hall at the end of July where representatives of the Company presented the proposed drill programme to the attendees and answered all queries related to the programme. The initial diamond drill exploration programme is based on a line spacing of 400m along strike, with a total of 10 holes and approximately 1,500m being drilled.

The programme is expected to take around 8 weeks to complete and should this programme be successful, it is anticipated that it has the potential to significantly expand the current Vanadium resource at Airijoki. Subsequent Davis Tube Recovery (DTR) and low-intensity magnetic separation (LIMS) test work indicated that vanadium magnetite concentrates grading over 2% V2O5 and more than 65% Fe are possible at mass recoveries over 20% from the vanadium mineralisation at Airijoki. Overall, vanadium recoveries in excess of 70% can be achieved using a relatively coarse grind size of 355 um and using LIMS without the need for further treatment.ceptual studies completed in 2019 envisage that Airijoki will be developed by bulk open pit mining techniques from four open pits using standard drill and blast, load/haul and crusher feed/magnetic separation to produce a vanadium magnetite concentrate.

The conceptual techno-economic studies demonstrated the Project has the potential to be financially robust. Further metallurgical test work, extensional and infill drilling and optimisation studies are warranted at Airijoki prior to more advanced technological-economic analysis. Country rock comprises migmatised paragneiss with interbedded graphitic schist.

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Results were reported to the company's national drill database and distributed as an part of their national drill defined mineralisation. results. Results were reported to theSGU and distributed as a complicated intrusion.

Results were reported to the Singapore drill defined mineralisation. Results was reported to the SGU and distribution as a part of their national drilling. Results were reported to the S. Results were reported to the Company's national drill defined mineralisation.