Ann: Positive Metallurgy Results for Gascoyne REE Project, page-20

The selling this morning is only due to the very short drilling delay (drilling was originally set to begin in late May/early June), which was clearly stated in this morning's announcement, as follows:

"We anticipate drilling to commence in July pending the final heritage survey approvals and completion of siteworks. There have been some delays in organising the heritage surveys, which is a common theme throughout the mining and exploration industry at present. While this is not ideal, we have been proactive and pragmatic in ensuring the heritage surveys are done as soon as possible.”

Despite this very short delay, FNT chances of success at Gascoyne have now risen significantly, which means that investors who are selling today will have to return very soon (if they want to get back in).

For me, I am buying up big time in FNT this morning (using my profits from GAL).

Cheers.