Ann: Perenjori REE - Amended to include JORC Table, page-10

I agree
Vlad is like a kid in a candy store his head must be spinning trying to work out what he wants.
He needs to concentrate on our 3 main (Yidby, Perenjori and Unally Hill/Victory Bore) projects and get us SH some results.

Personally i believe keep the momentum going on our Vanadium and kick start Perenjori which has come to a stop.
I understand why Vlad put Perenjori on hold but now would be a good time to start it again.


Next steps on our Vanadium
Data is now in the process of a QA/QC verification. Once completed, the drill hole database
will be updated, verified, and submitted for re-estimation of the Mineral Resource to
conform with the JORC resource criteria.
The Company continues to compile data for the completion of a Prefeasibility Study on the
back of a positive Scoping Study assessment of the project (ASX: 3 May 2021).
An application for conversion of the Exploration Licence to a Mining Lease was submitted to
the West Australian Department of Mining Industry Resources and Safety (DMIRS) in 2022
and is awaiting determination.

There are three common reasons for conducting a PFS:

1. As a foundation when committing to a major exploration programme following a successful preliminary programme.
2. To attract a joint venture partner, interest a buyer to the project or as a basis for a major underwriting to raise the required risk capital.
3. To help justify proceeding to the final feasibility studies

ALSO
on perenjori do what you said you were going to do last June and get the infill drilling started to upgrade the resource category, and to provide sample for metallurgical test work of upcoming PFS.
Perenjori Iron Ore (100%)

(ann last june)
A total of up to 5,000m of RC drilling is planned for the Perenjori Iron Project. The drilling is
planned within an area defined by previous diamond drilling as having wide and consistent
grade of magnetite. The new drilling campaign will infill the current 200m spaced drilling lines
to 100m spacings.
This drilling is expected to follow on from the current Victory Bore drilling and will utilise the
same rig

GLTAH