Re rate happening, page-3900

Some Niobium and carbonatite facts:

- CBMM, CMOC and Niobec make up 99% of the global Niobium market. Source: WA1 presentation 20 Nov 2023.

- CBMM mine at Araxa which is hosted in the Barreiro carbonatite complex. Source: https://www.mindat.org/loc-25002.html

- CMOC mine at Boa Vista which is hosted in the Catalão II carbonatite complex. Source: https://www.mindat.org/loc-145963.html

- Niobec mine at Niobec which is hosted in the Saint-Honoré carbonatite complex. Source: https://www.mindat.org/loc-588.html

The Australian examples at Mt Weld and Luni are also carbonatites.

Wabli Creek facts:

- Highest Niobium (Nb2O5) value from rock chips (bedrock samples) from Wabli Creek is 71.6ppm (0.007%): Source Reach announcement 1 June 2023.

- All samples with higher grade Niobium from Wabli Creek are from eluvium (creek/rivulet pebbles): Source Reach announcement 1 June 2023, Reach announcement 1 June 2023 and 28 June 2023.

- The eluvium samples that return high grade Niobium are made up of very small selectively picked creek pebbles: Source Reach announcement 1 June 2023, figure 4.

- The source of the niobium is potentially the 10cm pieces in the ‘gneiss areas within the claim area’: source wamex report A8973, shared by user roblun.

GLTAH.