Afternoon trading December 17, page-140

RLC $6m MC

2 X Hot commodities

Lithium & Iron

Lithium - 25KM from Silver Peak Lithium brine operation owned by Albemarle Corp. which is located 360 kilometres by road (US-95 route) from the Tesla Gigafactory (Lithium-ion batteries) in Reno.

Ore - Burracoppin Iron Project

Next To FEX

During the period the Company received a report by Dinsdale Consultants which identifies potential for achieving net zero CO2 emissions under the proposed HIsmelt process

Net zero CO2 emissions could be achieved by using biomass as the source of carbon used in the smelt reaction rather than coal.

The smelt reaction involves the conversion of magnetite concentrate to pig iron using carbon as the reductant.

5c + written all over it