Ann: Murraydium Drill Program Planning, page-170

As most of you will already know, on October 8th last year, FNT announced that they had successfully completed a 5 day reconnaissance field site visit (with an independent consulting geologist) in order to finalise the selection of drill sites for a first pass Aircore drilling program at their Murraydium Rare Earths Project (ELA 2021/00058), which is located in the south‐eastern region of Naracoorte in South Australia’s Murray Basin.

At this time, FNT also reported that Exploration PEPR’s (Programs for Environmental Protection and Rehabilitation) were being completed together with necessary Notice of Entry Permits in order that they are ready for immediate lodgement once the Murraydium Project tenement has been granted.

In FNT's last quarterly (31.01.2021), FNT reported that they are in regular communication with the South Australian Department of Energy and Mining in relation to the granting of Murraydium. In this same announcement FNT stated that "it is anticipated that the tenement will be granted in early 2022".

I would therefore suggest that we should very soon receive an announcement from FNT stating that the Murraydium Project tenement has indeed been granted, accordingly, when FNT expect drilling to commence at Murraydium.

FYI, FNT's Murraydium Project consists of four exploration licence applications (all under ELA 2021/00058). The tenement area covers an area of 873 square kilometres. This tenememt was previously owned 100% by Southern Rare Earths, and is now 100% owned by FNT.

GLTAH.