Ann: 72 Additional Drillholes Submitted for REE Assay, page-2

Highlights

• A further 1,035 samples from 72 existing drillholes submitted for re-assay
• The 72 drillholes cover a strike of 6km within the Lake Labyrinth Shear Zone
• Samples will be re-assayed for the full suite of rare earth elements (REEs1)
• High grade REE results from the initial six drill holes submitted for full REE suite assay
• Total Rare Earth Oxides (TREO) up to 15,486ppm (1.55%)
• High value Magnet Rare Earth Oxides (MREO) up to 7,436ppm - 48% of TREO
• Significant REE intersections to date include:
➢ 48m @ 1,948ppm TREO from 20m (LLAC012)
including 16m @ 4,830ppm TREO from 24m
including 4m @ 15,486ppm (1.55%) TREO from 28m
➢ 49m @ 720ppm TREO from 20m (LLAC015)
including 12m @ 1,277ppm TREO from 28m
➢ 40m @ 769ppm TREO from 20m (LLAC011)
including 4m @ 1,000ppm TREO from 40m