Ukraine Conflict Impact, page-50

Hi,

As mentioned before I bought LYC for strategic reasons in my Super last year and bought it up to the max % allowed by the trustee.

The conflict really highlights and confirms my strategic methodology.

LYC is the only relevant supplier out of China. Every country needs access reliable (China independent) supplies in a crisis like this.

(For example China could have taken Russia's side and made accessing Rare Earths substantially more difficult.)

The military dispute forces every country to gain energy independence (in other words gas and oil independence from other countries) as soon as possible. This means switching to solar, wind and solar and others as soon as possible.

To efficiently generate non-oil or non-gas energy Rare Earths are crucial. Rare Earths are also crucial for modern military equipment.

Unfortunately military spending will increase rapidly in coming years (particular Europe).

In short there is currently no way around LYC. LYC is expanding rapidly here in Australia and the US in coming years.

LYC is the Apple when it comes to Rare Earths extraction methods.

K