Ann: 100 per cent Leucoxene extends MEU Titanium discovery West, page-46

Hello. If you want to learn about titanium, it is as follows:

1. There is no such thing as a titanium deposit.

2. The types of titanium bearing minerals differ dependent upon their iron content.

3. When the mineral is 90%+ titanium, it is called "rutile".

4. When the mineral is 60% to 90% titanium, it is called "leucoxene" (although sometimes called "pseudo-rutile").

5. When the mineral is 53% to 60% titanium, it is called "chloride ilmenite".

6. When the mineral is 45% to 52% titanium, it is called "sulphate ilmenite".

7. The higher the titanium content, the more valuable.

On 13/11/24, MEU announce titanium of around 5% to 12% and a general assessment of iron content of around 5% to 11%. If this is accurate, for now, I can only guess/assume MEU may have ilmenite.

PTR's most recent announcement is from drilling near MEU. The primary mineral was ilmenite. However this PTR drilling was done in clays rather than in sediments.