Ann: ASX Notice - Admission and Quotation, page-4

Medallion believes MMP has competitive advantages compared with other processes including a high degree of automation, lower energy consumption, better health and safety standards, potential for zero-liquid discharge, and low-cost separation of low-value REEs and radionuclides for environmentally-safe disposal. MMP has been tested extensively at the Australian Nuclear Science and Technology Organization (ANSTO) and other recognized facilities.

Medallion and ACDC have also agreed to collaborate on advancing a rare earth refinery to process mixed REE compounds to produce separated rare earth oxides (REOs) using the Ligand Assisted Displacement (LAD) Chromatography process developed by Purdue University. Medallion has exclusively licensed this technology from Purdue Research Foundation to separate REEs and other minerals from raw material feed stocks excluding coal sources and excluding recycled materials from manufacturing wastes and recyclates from battery and magnet sources.

Medallion believes that LAD Chromatography, which targets individual elements in contrast to conventional multi-stage group separation of elements, will have environmental, health, financial, and operational advantages over established liquid-liquid or alternative liquid-solid processes.

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