Ann: Favourable Metallurgy Results Received for Port Gregory, page-13

Great update and validation for our resource. There is no real surprise there but still it's good to receive the confirmation.

Scoping today imminent is another positive.

We have the resource.
We appear to have the ability to product exactly what the market wants.
The scoping study will provide an indication on the economics of a project. I expect the numbers to be favorable.
We are putting plans in place already to further prove up the resource and hopefully increase our reserves.
We are in the best known location globally for garnet.
Mining friendly jurisdiction.

And we are still under the cap raise price! Quite unbelievable really.

Heavy minerals is not sexy in investor eyes like, gold, lithium etc.
However the fundamentals here are sensational and we are so cheap at current levels.

Our neighbor up the road RDG continuing to move up today. They must be close to commissioning their plant and then the cash flow will start flowing.
Can only be a good thing for us.