Ann: Drill Results Confirms Significant High Grade HREE at Yttria, page-2

RC drill results confirms significant high grade HREE at Yttria within Ionic regolith-hosted zones, coincident with thick Scandium Oxide zones grading >100ppm

Highlights:

• Latest assays from RC drilling at Asra’s regolith-hosted Ionic REE1 and Scandium- Oxide Zones at the Mt Stirling Project, Leonora, Western Australia.

• Yttria is emerging as a significant REE and Scandium Deposit in a sought-after Tier 1 mining jurisdiction for Critical Minerals with consistent near surface REE zones up to 2182ppm TREYO coincident with thick Scandium oxide zones up to 48m thick and high grades up to 174ppm Sc2O3.

• Unique 62% high ratio of Heavy HREO to Total TREO demonstrating the high value nature of the Yttria Rare Earth Oxide System.

• Consistent low levels of Uranium and Thorium associated with the mineralised intervals at 0.67ppm and 0.84ppm, respectively.

  Rare Earth Element REE drill intercepts:

  • MSC0269 - 7m @ 669ppm TREYO from 5m (76% HREO) & 70ppm Sc2O3 ▪ Including 1m @ 2182ppm TREYO from 7m

  • MSC0289: 10m @ 712ppm TREYO from 5m (69% HREO) & 60ppm Sc2O3

  • MSC0212; 7m @ 650ppm TREYO from 6m (67% HREO) & 103ppm Sc2O3

  • MSC0194; 10m @ 616ppm TREYO from 14m (68% HREO) & 81ppm Sc2O3

    ▪ Including 5m @ 1026ppm TREYO from 14m

  • MSC0251; 7m @ 634ppm TREYO from 11m (64% HREO) & 85ppm Sc2O3

  • MSC0210: 8m @ 583ppm TREYO from 13m (71% HREO) & 82ppm Sc2O3

    Scandium Oxide Sc2O3 drill intercepts:

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• • • • • •

MSC0212; 48m @ 90ppm Sc2O3 from 3m MSC0249; 13m @ 115ppm Sc2O3 from 6m MSC0175; 24m @ 100ppm Sc2O3 from 2m MSC0176; 28m @ 111ppm Sc2O3 from 2m MSC0214; 25m @ 102ppm Sc2O3 from 2m MSC0245; 33m @ 82ppm Sc2O3 from 3m

ASRA’s REE discovery is unique because it is shallow, has a very high ratio of 62% HREO to TREO and is in regolith, and not associated with primary REE-bearing minerals, that require high CAPEX for recovery.


Looking Good