Ann: Final Assays Confirm Significant REE Discovery, page-3

FINAL ASSAYS CONFIRM SIGNIFICANT REE DISCOVERY
CENTRAL GAWLER CRATON

Highlights

• Final assays confirm thick regolith-hosted rare earth element (REE) mineralisation over
a minimum 8km strike
• Mineralisation appears thick and continuous and remains open in all directions
• High proportion of valuable Magnet Rare Earth Oxides (MREOs)
 Peak assay of 2,775ppm MREO and 52% MREO of Total REE oxides (TREO)
• Outstanding REE intersections include:
 33m @ 1,218ppm TREO from 44m (LLAC047)
including 8m @ 3,202ppm TREO from 56m
including 4m @ 5,290ppm TREO and 2,775ppm MREO from 56m
 19m @ 2,166ppm TREO from 36m (LLAC043)
including 4m @ 4,334ppm TREO and 1,416ppm MREO from 48m
• Planning for drilling of priority targets has commenced – all approvals in place
• Metallurgical test work planned to determine the optimum REE extraction process
• Systematic exploration of remainder of IDA’s 100% owned substantial land package
to commence immediately to assess REE enrichment potential