Ann: New High Grade Polymetallic Discovery, page-10

Let's see. 15 minutes research:

1. Australian Govt. now says supporting exploration for minerals including cobalt, gallium, and germanium for use in renewable technologies. So, as SRZ is a minnow with limited financial resources, there could well be government money available for exploration drilling now.

2. Long term availability of gallium, hafnium and indium in doubt. USGS

3. Production of low purity gallium outside China is virtually non existent.

4. It is only economically viable to produce it as a byproduct of zinc production. High grades of zinc in this hole.

5. From 1 August 2023 Chinese Govt to only sell it with an export license. Includes gallium, and germanium.

6. China saying (fib) it is to conserve resources and reduce pollution. Japan EU and US took action in WTO and won case.

7. Currently Gallium $640.40 kilo, or $640k per ton.

8. Not harmful to touch for humans. Melts at human body temperature.

9. Global market curr. US$ 1.9 billion expected to grow to $17 bill by 2032. Growth in demand is 24.5% pa

10. China exported 94 metric tons of gallium in 2022 up 25% on prior year.

11. Companies in race to secure supplies as China restricts from July 2023.

12. China has 140,000 tons of gallium resources, 75% of world.

13. in certain cases indium can be substituted for gallium.

14. Gallium has become a critical mineral. (USGS)

Bit to think about here. From SRZ holders viewpoint, no. 1 would seem the big one, just now.