News: VMS Venture Minerals Announces Appointed Philippa Leggat To Managing Director, page-91

Hi MrQ
Riley is a finite resource. Good easy extraction for a Coy that has forward contracts to top up, with Livingston thrown in (IMO) should be on the radar with IO suppliers moving forward. Most of the pit prep work has been done with extremely low strip ratio. (well...basically 0;1 as the pit is exposed). Hopefully VMS can move this lease on via consultants advice and pump the capital towards developing Brothers in due course. As Phillippa said VMS plans to be one of the biggest REE developer/suppliers. In time any lease that dose not meet their aims and objectives will be moved on.

Tim is open to discussions in this short window for any shers concerns. They acknowledge the over promising and under delivering of the past. I think you will see a concrete methodical correct approach with achievable timelines not of the cuff remarks with this new team. I also believe dilutive broker style placement is not on Tim's radar.

Exciting time ahead MrQ. More good assays showing a continuity of good seam grade and type asked for at Lynas and Iluka refineries lays an excellent foundation. We have been put on notice that the Brothers deposit could be 170 times bigger than MT Well. Have a look at Lynas MC. Have a look at Iluka's MC and their resource. They have already sourced Off-takes but again this Off-take is finite and needs to travel 1000km. Also look at their Met report and our neighbours Mets. Ref; Metallurgy Reports WA REE. Remember Lynas will have their Gov funded 2nd plant on line mid next year. Join the dots but Brother could be at a scale to go alone.

GL mate have a great weekend.