Ann: RARE EARTH FEED GRADES INCREASED BY UP TO 148%, page-28

I completely agree mate. Open in all directions.

It is laughable how undervalued VTM is vs market peers. The other clay explorers in the Esperance region cannot recover economically. Luckily VTM has a completely different mineralised system. We retain the high grade except we have a higher basket value again and can recover using traditional acids which is economic.

I really think North Stanmore will easily exceed 250MT once it is fully drilled IMO only. We have a pending tenement next door which could unlock anything.

Again heading back to a topic I have mentioned many times previously. Our basket value. We have such a high grade of Dy and Tb which truly separates us given we can recover it whist others with high HREE grades currently are struggling.

VTM are driven, hard working and hold shareholder value in high regard. Who knows where this could end up once the bigger than expected MRE is dropped keeping in mind the only real draw back the market assigns to VTM is the potential resource size.

I believe our maiden MRE will smash that MYTH out of the ball park.