REE Geo Exploration Plan Explained, page-18

The GMN ann of 15 February 2024 refers to an area of immediate GMN exploration activity near Amargosa (arrow 1)
referencing AUZ 'leucogranites and charnockites' ( “NIOBIUM/ REE OUTCROP”, 21 February 2024)
(adjacent and west of GMN 872425/2023 and GMN 872420/2023)

At Rio Negro (arrow 2) with EQN now on-site and auger rigs on GMN's boundary, a second front of relevant exploration has been created. See map above.

An examination of recent drilling/assay performance by other explorers . . .

Prospect	Ann Date	Status
VMM Poços De Caldas	14/09/2023	On-site: 1 auger rig at Fazenda
	20/10/2023	Drilling completed : 27 working days, 70 holes = 2.5 holes per work day (dry season, existing mine site)
	20/11/2023	Assays completed : 22 working days, 37 auger holes assayed
		So 37 auger holes had total 'on-site to assay' times of 49 working days or less
EQN Rio Negro	9/04/2024	On-site: 92 auger drill holes at Rio Negro,three auger drilling teams ( 31 holes per team/rig ) Wet season, green field site
	14/06/2024	Using 49 working days, implied ETA for assay ann

IMO there is a tsunami of IAC REE exploration activity in Bahia East that is approaching.

PS1: AUZ announced 24 January 2024 "OUTCROPPING CHARNOCKITES" near Itagi (arrow 3)
adjacent to GMN 872235/2023 ( 24s 398500 8428000, AUZ 8720396/2023 is now EQN 872297/2023)
PS2: BRE are noticeably not mentioned. Their reports to date refer to hardrock REE in tenements that are not adjacent to GMN.