Ann: Step-out Drilling Underway on Sybella REO Discovery, page-20

@CORNBRED, et al

The REE hunt is well and truly on Geoscience Ausralia/CSIRO/ANSTO critical minerals newly formed Hub top hit list after High Purity Quartz, a quick Web search will give you prioity hitlist. This incentive is sponsored by the Fed gov and the QLD State gov critical minerals Made in Australia Townsville beneficiation plants park fast tracked development, just outside Townsville.

When a company in Australia, particularly in QLD with REE potential, it automatically means a whole of government funds are made available to fast track development of end product "Made In Austalia" through the North East QLD fast tracked plants about to be constructed in those regions. The potential supplier of REE or, paticularly in QLD will reap the reward this year, and this may be at the forefront to the push by Red Metals to do a massive 150 REE drill hole campaign in the Mt Isa region.

150 holes with an RC rig, without drill bits being stuck in the ground, over say 100m vertical depth will generally take approximately 4 days to complete and the allow a day to relocate the drill rig, say 100 metres away, then add another day to start a new hole. Bottom line is this is a long campaign, but is being drilled to compllete an indicated, if not measured, JORC compliant Resource Estimate. It's not a chap exercise but I would bet some of those goverment funds available will be part of that 150 hole scenario. Geoscience are offering all ANSTO assay plus CSIRO reports costs as part of their program to expedite development of REE projects, particularlarly in QLD.

Why do I know this,I am a major shareholder in tenements adjacent to and abutting the Templeton granites in RDM's tenements.

The drilling crew is onsite by now, They had to access our ground track to push the drill rigs through whilst, at the same time, the Geoscience Australia crew were on our site investigating the High Purity quartz in our tenements.

Turnaround times for REE assay results in QLD will probably be a couple of months per hole with ALS labs, due to the demand for critical mineral assay rush in the state currently. Copper is now a critical mineral in QLD. Expect a delay. However, the turnaround time with ANSTO may be less.

Exciting times ahead.

I don't hold but I certainly know the area, having banged those granites throughout the area since 2016 and am heading out there in another 2 weeks for
more rock banging in our ground.

Cheers

HR

Do you own Research (DYOR) and no advice given or intended.