Ann: High-Grade Rare Earth Mineralisation Confirmed, page-2

High-Grade Rare Earth Mineralisation Confirmed

Strike Zone Extended to Over 4.5km

Highlights

• Re-assay of 498 aircore samples (558 remain pending) returned significant rare earth
element (REE) values
• Latest results confirm thick REE mineralisation over a strike in excess of 4.5km within
an overall 10km zone identified along the Lake Labyrinth Shear Zone
• Mineralisation remains open in all directions
• High proportion of high-value Magnet Rare Earth Oxides (MREOs) up to 2,003ppm and
34% MREO of Total REE oxides (TREO)
• Significant REE intersections include:
➢ 37m @ 1,687ppm TREO from 32m (LLAC006)
including 17m @ 2,640ppm TREO from 52m
including 4m @ 7,039ppm TREO and 2,003ppm MREO from 52m
➢ 20m @ 2,242ppm TREO from 28m (LLAC010)
including 12m @ 3,236ppm TREO from 32m
• Metallurgical testwork planned to determine the optimal extraction options to
produce a commercial product


Looks like a pretty solid outcome