Ann: Paris Resource Drilling to Start and Investor Update, page-13

From your posts you seem to have some information not available to the general public, I'm no mining expert but here's my penny's worth.
Andrew has always seemed to be in a confident mood when presenting in a video, there is no hype, in fact quite the opposite. He seems always to say that IVR is a straight play on the silver price. There has never been any hint or indication that RE was ever considered a possibility until recently, was it just be accident that they discovered it OR have they just concentrated on getting the Ag resource higher.

Looking at the update again I note the RE piece was straight after the Paris silver slides, that means something. I have reread the slide, in my opinion there is something there, but they are not in a position just yet to disclose the full potential. The last 2 points are the key.

• 2022 drilling focused on silver and base metals
• Simple geological model
• Identified REE enriched zone at base of saprolite zone
• Significant TREO and MREO intersections at Apollo #8 :
• 15m @ 3,221ppm TREO and 1,099ppm MREO from 66m; incl
• 9m @ 4,700ppm TREO and 1,772ppm MREO from 72m
• 8 of 11 holes with intersections >1000ppm TREO cutoff
• Potential for regional scale prospectivity to solve depth issue.
• Key – early determination of REE metallurgical recovery
• Samples sent to ANSTO laboratory, results awaited
• Rapid assessment of potential