Ann: Godolphin Farm-in on Advanced Rare Earth Element Project, page-33

Hi Prawn_Man
I have noticed a few here holding concerns and perhaps a little confusion about our latest acquisition into rare earths.
I do not share those thoughts, I am actually positive.

- Ian Buchhorn is a very strategic thinker and opportunist, if you consider the resources spun out of Herron into Ardea and think what has been done with those you will understand the progression.
- I think that Ian is resourcing Godolphin with some highly prospective rare earth potential, the resource is already partially de-risked because they have confirmation of the rare earths, they are just not presented as JORC compliant at the moment, this will change.
Just look at what has happened to ASM and consider that is a possibility here in our future.
- I do not for one second believe that Copper Hill East is on the backburner, we do know that the cost to drill this is extreme and I think we should show patience, Godolphin cannot fund that mate, that is not to say it will not happen. It needs assistance.
- With regards Lewis Ponds, again we just have to wait to see what announcements arrive.

I was surprised with the Rare Earths JV, but now that its in our lives I am sure there is a bigger picture.

I bought a few more shares and still have my open order partially filled, I am not selling.
RED