Ann: Application for quotation of securities - MRD, page-16

It may also be useful to look at Slide 16 of OD6’s corporate presentation released on 11/11/22. It states:

Preliminary metallurgical test work by other companies with similar styles of clay REE in the region have demonstrated that REE can be extracted by potentially low-cost acid extraction methods similar to those used in China. (See footnotes 1 & 2 below).
Refer to Independent Geological Report in the Company Prospectus for further information, (ASX announcement “Prospectus” 20 June 2022).

1. There has been no metallurgical test work on the drillholes within the OD6 tenements directly, but there has been test work by projects in the region by Salazar and Mt Ridley Mines Ltd. Refer to reference list in Independent Geological Report in the Company Prospectus

2. Wang, D-H et al, 2018. Exploration and research progress on ion-adsorption type REE deposit in Southern China. China Geology, 3, 415-424