Ann: Significant REE, Gallium and Titanium Anomalies at Pimenta, page-62

ENV's news today of 1.58% REE Chips in Brazil (with a starting EV of 10m (also noting its indicated to open up 30%, so notionally 13m EV) - 11m cap & 1m cash) only highlights the size, scale & scope of our non-core asset here on VRL

Our Brazillian REE project had 2.58% REE Chips in Brazil!! (Our EV is only 5m) & this isn't even our core asset

VRL's core focus is the enormous opportunity in Laverton WA to progress that huge gold project next to GMD

(Everyone should go back & read VRLs 29th April REE ann)



THIS IS VRL'S NON-CORE ASSET!!! SHOULD BE WORTH MORE THAN ENV'S CAP & WE ARE SITTING AT HALF THEIR EV

PUNTERS WILL WAKE UP ... SOON