Ann: Investor Presentation, page-31

The bashers - are having a go here. I doubt they will be very successful given the Cap (of $10 mil) and SP are already way lower than a simple back of envelope calculation would support. IMO best to wait for the PFS for the job to be done properly.

Google this which is the heading of a book review in Nature, mainly about the political scene, How influencers and algorithms mobilize propaganda — and distort reality

Or hit on this for the confession of a paid stock basherhttps://www.reddit.com/r/MaronanBoabMetals/comments/1cxo1we/confessions_of_a_paid_basher/

Stock bashers try to draw you into comment - it gives them some creditability specially if you reply uncool or personal. Counter them gently with fact, don't be drawn into argument, thats their main game.
Remember too they are leaving a paper trail (just like The Bottom of the Harbour participants did, and that led to jail time for the accountants and lawyers who thought they were safe)

Now to the sharp end - here are a few facts,

1 The Granted Tenement holds ~10 km x 12 km of sand anomaly.

2 The Exploration Target
Following is from ann of 2 July 2024 :-
• Exploration Target estimated for Sandy Mitchell: 1.3 billion tonnes to 1.5 billion tonnes @ 1250 to 1490ppm monazite equivalent.
The potential quantity and grade of the Exploration Target is conceptual in nature; there has beeninsufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration willresult in estimation of a Mineral Resource.

• Exploration Target places Sandy Mitchell as potentially one of the world’s largest surface-expressedterrestrial Placer Rare Earth projects.

3 Application for Mining Lease
Following is from ann of 8 Oct 2024 - 406 hectares ~ 4 sq km or ~3% of Ex Target,
• Mining Lease (ML) application submitted covering ~406 hectares of the Sandy Mitchell Rare Earth andHeavy Mineral Deposit
• The area under application covers the acreage that forms the basis of the recently reported MeasuredResource Estimate (MRE) on 2nd October 2024.
• Ark recently reported Measured Mineral Resource Estimate (MRE) of 71.8 Mt @ 1,732.7 ppmMonazite Equivalent was calculated using a 700ppm MzEq lower cut-off grade (see Appendix A of theResource Report).
Monazite equivalent calculationMzEq = 1.000 x monazite + 1.000 x xenotime + 0.361 x zircon + 0.281 x rutile + 0.165 x hi Ti leucoxene + 0.126 x loTi leucoxene + 0.072 x altered ilmenite + 0.065 x ilmenite.

The updated Measured MRE reported on 2nd October 2024 underpins the completion of a ScopingStudy, supports the application for this Mining Licence, and accelerates ongoing strategic partnershipand offtake discussions

4 Back of Envelope Calculation .
The MRE of 71.8 Mt @ 1.73 % Mz Eq converts to 71.8 x 1,73 / 54 = 2.3 Mt Monazite Concentrate @ 54% Mz Eq. Valued at $US 5000/t (from Metals.com today) = 2,300,000 x 5,000 USD. = 11.5 Billion $ US.

5 My Take. At 10 million M.Cap the material in the ground is valued at one thousandth of its as mined value. And that is over 3% of total tenement.


GL all Take care.