Ann: BRE Exercises Option to Acquire Sulista Rare Earth Project, page-7

Yes I am taking it as a good opportunity with US indexes only just breaking even last night after 3 poor days. These are looking like world class projects. Sulista mimics Monte Alto right to the monazite sands that comprise the overburden.

"Hard rock outcrops andcorestones/boulders, at the Sulista Project that mirror the extensive high-grade surface mineralisation at MonteAlto Project. These outcrops and boulders recorded gamma spectrometry readings in line with the ultra-highgrade REE-Nb-Sc mineralisation discovered at the Monte Alto Project."

"The ultra-high grade REE-Nb-Sc mineralisation discovered at the Monte Alto, Velinhas and Sulista projects areinterpreted to be magmatic cumulates which are coeval with the leucogranites of the Rocha da Rocha Province.Initial petrographic studies2reveal that this high-grade mineralisation is primarily coarse-grained monaziteoccurring as mega-enclaves within the felsic gneiss host rock. These ultra-high grade concentrations ofmonazite are considered to be analogous to cumulate deposits of minerals, such as magnetite and apatite,which typically form large, extensive tabular orebodies that can be tens of meters in thickness and kilometres instrike length."

"A comprehensive diamond drilling program is now underway at the Sulista Project to twin existing diamond drillholes and target high-grade REE-Nb-Sc mineralisation along strike from these intercepts."