Ann: HIGH-GRADE ENRICHED REE HORIZON EXTENDS AT ARUNTA, page-2

Highlights:

• Phase two (P2) soil sampling at Plenty River confirms large footprint of rare

earth mineralisation at Plenty River target within the Bruce Prospect in the

Northern Territory.

• A total of 600 samples taken covering an area of 3km x 3.5km at Plenty

River.

• Latest P2 soil sampling results have confirmed enriched rare earth horizon

including:

o Up to 1,130*ppm TREO, 35% HREO/TREO, 30% MREO/TREO, 22%

NdPr/TREO, 19% Y₂O₃/TREO.

• Plenty Piver maiden RC drilling programme delivered exceptional results

including:

o Up to 7,000ppm (0.70%) TREO 35% MREO/TREO, 28% NdPr/TREO and

36% Y₂O₃/TREO with multiple zones of mineralisation.

• Previously completed (Phase 1) soil sampling confirmed rare earth

mineralisation at Plenty River including.

o Up to 1,800ppm TREO, 38% HREO/TREO, 31% MREO/TREO, 23% NdPr/TREO,

23% Y₂O₃/TREO.

• Two high-grade rare-earth rich carbonatite outcrops and soil anomalies

defined covering 3,000m x 300m at Plenty River (Refer Figure 2).

• Exceptionally high-grade carbonatite of 38% MREO/TREO, 58% HREO/TREO

28% NdPr/TREO and 36% Y₂O₃/TREO at Plenty River.