Ann: High Grade REE Results from Drilling at Gronnedal, Greenland, page-12

The payments are wiped away with possibly the tailings, the EPMOA options (other variant options), and Grant Funding (will need to eventually see the wording). If the OZ Yellow deal actually comes to reality there is refund of exploration costs back to EPM etc.


We are on a collusion course with the 1st payment when we diamond drill Gronnedal; and find out how deep the resource goes..... Lynas at Mt Weld were drilling 1km deep; but will see how enthusiastic the drill team is - it usually can do a max of 100m per day; but Gronnedal has some hard tungsten ore.

We should not be a ~30M MC company by that time

I am mean where the MC is right now is pretty absurd given the NdPr ratios on the project, and on the cusp of the EU Critical Raw Materials Act rollout. Are we entitled to anything with the US Inflation Reduction Act? (not sure, i've not bothered to examine it too thoroughly).