Hi AllWell I took the time to fly to Melbourne to attend the...

Hi All
Well I took the time to fly to Melbourne to attend the AGM. It was only attended by a small number of people which surprised me but it did give me about 10mins before the meeting and 15 mins after the AGM with the Chairman and Tim H.

I do have a mining background in 3 African countries and one in Sth America so I find it easy to discuss all things mining.

The takeaway I got with these discussions is that IXR is poised to potentially become a serious Western supplier of rare earths in the not too distant future.

Todate China has totally dominated the RE market with our own Lynas making a small contribution to world supply.

We all know that electrification of cars and wind farms is growing exponentially. This growth is set to continue so there is plenty of room in the market for new suppliers like IXR.

Developing them takes years. Shareholders in IXR should benefit greatly from the work and research todate that has gone into progressing the Makutuu deposit and recycling in Belfast.

The ann today of the first MREC at Makutuu is a very important step in developing a new mine in Uganda. The MREC can be carefully studied and no doubt future sampling will involve much experimentation in recovery techniques.

When the characteristics of the Makutuu deposit are fully understood along with the most efficient processing chemistries and methods, mine processing designs can begin.

With the market for REs set to grow we will have no trouble selling into western supply chains.

Investing in IXR requires patience and understanding of the potential of the two production methods available to IXR...Mining an Recycling.

I remain committed to holding my IXR shares as I think the next 12 months will be transformational.

Chrs W2