Ann: Ammonium Sulphate Test confirms presence of IAC REE, page-57

@butcherboy is wrong

A number of holes were tested using the ammonium sulphate leach and only EMD017 produced reasonable results.

Appendix 3 is a table of the product grades from the leach tests.

TREO recovery for:

- EMRC002 0.25%
- EMD022 0.39%
- EMD025 1.89%


A comparison can't be drawn with MEI at this stage. Their resource is 400Mt @ 2600ppm TREO with more to come as the holes drill mineralisation from surface to basement (up to 80m) and outside the current drilled limits. It's not unreasonable to expect a high grade resource of 200Mt @ 4000ppm from Caldeira in the next MRE.

BBX has only one assay grading 2600ppm and an average thickness around 8 metres.

When you guys start making comparisons with CHN and MEI it is obvious the dutch rudder club is in full swing!