Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

We are definitely in a recession amongst the western world. Mass immigration is covering the cracks right now but eventually the dam wall will burst and it will all come unstuck. Hopefully SI6 make a discovery and get substantial funding before this event takes place to ride out any storm. Although to supply limitations right now and lack of mines, I think REE prices will hold up fairly well in any global downturn, and along with a continued gold bull period and our Monument Gold project, we should be pretty well positioned to ride out any storm. It will be battery metals which struggle the most in the upcoming downturn imo. Who wants to buy an overpriced EV during a recession?! It is reliability and value you need during the tough times.