General Discussions, page-9132

Couldn't agree more Williams. Investing in 3rd World Countries is appealing because of the resource size or grade of some projects, but time and time and time again we see it not work out. Nothing compares to investing in a Tier 1 Safe, Stable & Secure Mining Friendly Jurisdiction like Australia.

One only needs to look at what happened in Mexico earlier this morning. The Federal Government has nationalised the Lithium Industry I.e. any company that has a lithium project or resource in the country is now out of pocket. The Mexican Government has taken control and owns everything. Bit like in 2017 when the Tanzanian Government changed the mining laws overnight that makes it near on impossible to get a project off the ground given the new requirements or even the Mozambique Government who last year screwed Triton Minerals over their Graphite Project which is literally a few 100km's down the road from Syrah.

Renascor is a great resource in its own right, but being located in a Tier 1 Mining Friendly Location like Australia is what makes it a world class project.

South Australia was again voted as a Top 10 Global Mining Jurisdiction by the Fraser Institutes Annual Mining Assessment