Ann: Lyons 12 & 13 Drilling Extends High Grade REE & Niobium, page-3

Lyons 12 and 13 Infill Drilling
Extends High Grade REE and Niobium
• Infill drilling at the Lyons 12 & 13 prospects extend known strike
length of economic TREO mineralisation to 1,200 metres and
remains open
• Maiden Resource Estimation at Lyons 12 & 13 and Project
Exploration Target in process
• 1 - 5 metre widths of REE mineralised ironstones at Lyons prospects
analogous to Hastings Technology Metals Simons Find, Frasers and
Bald Hill REE deposits ~2.5km away¹
• Significant new intercepts from the latest round of drilling include:
• LYRC135: 1m at 0.76% TREO and 1.22% Nb2O5 (45% NdPr:TREO)
from 33m
• LYRC138: 2m @ 0.57% TREO and 0.18% Nb2O5 (50% NdPr:TREO)
from 14m
• LYRC141: 2m @ 0.66% TREO and 0.49% Nb2O5 (46% NdPr:TREO)
from 51m
• LYRC140: 3m @ 0.36% TREO and 0.63% Nb2O5 (39% NdPr:TREO)
from 34m
• LYRC133: 1m at 0.36% TREO and 1.09% Nb2O5 (42% NdPr:TREO)
from 53m
• Drilling of the Lyons Magnetic Intrusive Complex, related to
ferrocarbonatites under cover completed, with assays awaited
• Kilometre scale potentially mineralised ironstones both undercover
and outcropping still to be drill tested