Ann: Bumper REE Grades and Extensive Thicknesses at Splinter Rock, page-132

Re: SP drop.

Could be people scared by the non-ionic talk, or day traders looking for the next big thing. The last run up was just after WA1 and a lot of T+2 were in the mix. Could have happened here.

There is so much misleading reporting going on and those not well versed get confused. Often in the reporting, there is no mention of what type of rare earths have been found (eg clay, carbonatite, monazite) and companies can call their clays ionic but what is the true percentage and where is the proof? eg Larvotto just did an announcement about their "ionic" clay but used acid digest for the assays (if it's ionic, then use the salt test and show that), that is why I have highlighted that Brett is honest in his reporting and being upfront about ionic/acid tests.

Brett believes the individual OD6 prospects will have weathering that may make it economic despite it being non-fully ionic. We await the proof, but so far the steps are in the right direction.