Ann: High Metallurgical Recoveries Continue at Splinter Rock, page-12

Until the US announcement on the 25% tariffs most RE deposits weren’t viable at $50 odd a kilo.

The US announcement has effectively lifted the price and thereby the viability on high grade large resource RE projects. Sub 1000ppm will still remain non viable.

Id guess OD6 believe their first mining project will be inside centre and they have enough info on that area to undertake a feasibility study on. Saves precious funds at the same time.

The MRE will be substantially based on the massive initial inside centre tonnage. I expect the MRE to be released this quarter will establish OD6 as by far the biggest and best clay RE project in Australia with improved viability based on the US tariff announcement.

People with money in Brazilian RE projects will have to assess where that money is best directed.

Hopefully Australia and OD6 is their answer.

Other issues are what will the EU do and more importantly what will China do!! Maybe we will see a Chinese REE price rise or ban in response to the US. Suggest exciting times ahead.