PRE - ASX RELEASE

ASX RELEASE

Substantial Increase in Earl Grey Lithium Mineral Resource Estimate
19 March 2018
 54% increase in Earl Grey combined Mineral Resource Estimate

 Estimated to contain 189 million tonnes of 1.50% Li2O or 7.03 million tonnes of Lithium Carbonate Equivalent; 91% of Resource classified as Measured or Indicated

 Confirms Earl Grey as one of the world’s most significant hard rock lithium deposits

 Expected to be at the low end of the global hard rock cost curve1

 JV activity progressing rapidly; proposed refinery site to be announced in next quarter

 High level of interest from various parties seeking lithium hydroxide off-take

Kidman Resources Limited (Kidman) (ASX: KDR) is pleased to announce a 54% increase in the combined Mineral Resource Estimate (MRE) for the Earl Grey Lithium Deposit (Earl Grey). Following a comprehensive 12-month Resource Definition and Exploration drill program, Earl Grey is now estimated to contain 189 million tonnes of 1.50% Li2O, or 7.03 million tonnes of Lithium Carbonate Equivalent (LCE). This is a high confidence estimate with 91% of the estimate classified as Measured and Indicated.