Ann: Additional Information for Highgate Vanadium Acquisition, page-3

Spot the difference. JORC table included.

"The strike length of the deposit is approximately 30 km. The total width is 6 km."

"There were no known geostatistical studies available at the time of this report. Factors that could affect the estimate include rapid degradation of horizon thickness and / or grade between points of observation and supporting drill holes. This is unlikely as it has not been observed within the data at hand which is of sufficient density to exclude such features.

 There is potential for undetected faults to impact the tonnage of Vanadium. However, due to the density of drilling it is expected that any such features would only cause minimal changes to the resource and / or localized degradation of grade."

"The relative accuracy of the estimate is reflected in the confidence classification applied to the resource."

"exploration target of 2,000 – 2,500 Mt at 0.26 – 0.50% V2O5"