Ann: Appointment of Non-Executive Chairman, page-27

Hi Alterior,

I have a number of posters on ignore, therefore my question: who on this forum referred to Mr David Frances as a REE specialist only? One look at his CV will tell everyone he has a whole lot more to offer i.e. successfully leading PRL's Green Hydrogen and other Gascoyne Region Projects, as well as his CEO duties at PRL etc. In addition, he has already clearly demonstrated his ability to successfully liaise with governments, as well as already successfully negotiating a major deal for PRL with the top international company Total Eren (see following link).

https://www.pv-tech.org/total-eren-province-resources-partner-for-8gw-australian-green-hydrogen-project/

You might also find the following interview with David Frances very interesting:



As David Frances says in this interview, PRL have their World class wind and solar resources in the Gascoyne Region, as well as their Gascoyne Mineral Sands and Gascoyne Salt and SOP Projects (these projects are located in the Gascoyne "coastal" region). See the PRL Projects link below:

https://www.provinceresources.com/australia

As you already know, HAS's Yangibana Rare Earths Project (which contains substantial Neodymium and Praseodymium resources) covers an area of approximately 650 square kilometres. HAS's Yangibana Project is also located in the Gascoyne region of WA i.e. ca. 250 kilometres north east of Carnarvon i.e. not on the coast (FNT's two Gascoyne Rare Earths prospects are right next door to HAS’s Yangibana Rare Earths project). Mining is an increasingly valuable industry sector for the entire Gascoyne Region, and IMHO, FNT could therefore also end up being a significant contributor to Gascoyne's gross regional product.

With David Frances now at the helm of FNT, I could therefore very much imagine FNT doing a JV with HAS (HAS already has a MC of over A$500 million), in order to further explore and develop FNT's two highly prospective Gascoyne Rare Earths prospects. IMHO, if FNT's drilling at both of their Gascoyne prospects gets extremely encouraging results (we should know these results fairly soon), which IMHO is highly likely, I can well imagine these JV discussions commencing fairly quickly. Considering that at the moment FNT is more of an "exploration" company than a "mining" company, I believe that a JV is therefore the most likely outcome.

In a nutshell, for a wide variety of reasons i.e. not just his already clearly demonstrated highly successful leadership qualities, David Frances is a huge win for FNT and its shareholders.

I would therefore suggest that today's announcement (regarding the appointment of David Frances as well as his very revealing comments) is a real "company" and game changer for FNT. It thus goes without saying that 2022 looks like being a very exciting year for FNT and its shareholders.

Wishing you and all FNT holders (both old and new) good fortune and a good weekend.