Ann: New Clay Hosted REE Project Identified, page-2

This looks to be a very good project they have locked in ....

Still waiting for the Narryer results though.

NEW CLAY HOSTED REE PROJECT IDENTIFIED IN PROSPECTIVE GREAT SOUTHERN REGION OF WA  New Rare Earth Element (REE) project at Corackerup, in the Great Southern region of Western Australia.  Project contains anomalous REE source in basement rocks and regolith clay development - two key ingredients to provide host for ionic clay adsorption (ICA) REE mineralisation  Historic drilling identifies granodiorite with anomalous REE, with best assays of 114m @ 1127 ppm TREO (Total Rare Earth Oxide), 280 ppm MREO (Magnet Rare Earth Oxide) from 4m depth and 80m @ 973 ppm TREO, 237 ppm MREO  GSWA mapping identifies widespread distribution of the same gneissic unit within the Company’s tenure, untested. Preliminary rockchip sampling identifies weather granite with up to 2,996ppm TREO and 100 ppm Sc2O5  Adjoins FMG’s critical minerals-focused exploration tenure in the Great Southern region  REE intersections in the saprolite after a granodiorite, to be further examined for ionic clay REE potential include – o 16m @ 1413 ppm TREO, 336 ppm MREO, from 4m, (drillhole GHC002) o 24m @ 1102ppm TREO, 245 ppm MREO, from 0m (drillhole GHC005)  Narryer will plan mapping and surface geochemistry, followed by RAB drilling