Ann: Application for quotation of securities - OD6, page-14

Firstly, I appreciate your comments. They are normally pretty fair and un-bias.

Secondly, well done on the lithium profit. Your timing was good.

Well of course OD6 is moving forward with the project, what else could they do? Directors need to be paid to do something and what else does OD6 have to move too?

Australian clay REE deposits have next to no chance. VTM is different due to the high ratio of valuable heavy rare earths and the use of sulphuric acid and a low leach time.

Companies like OD6 with a much less valuable rare earth basket value and use hydrochloric acid stand no chance. Globally light rare earths can be sourced cheaper and with less environmental dramas to get the projects off the ground compared to Australia.

Australia was fist to market for hard rock lithium, now Australian producers are low margin due to high costs of labour and energy.

The global rare earth market is moving forward with Brazil and Africa. Aus clay producers will never compete on an CAPEX / OPEX level. Higher wages, higher energy costs, higher taxes and higher royalties.

If management has some balls they would stake some new claims focusing on Uranium for example which has a nice 10 year growth area in front of it. IF WA changes the uranium mining code there is massive growth potential there.

Or go find the next WA1 .. Flogging a dead horse on the light rare earth clay deposits in Australia IMO.