Recent program of aircore drilling completed to test REE...

Recent program of aircore drilling completed to test REE anomalies at the Pt Kidman prospect:

Overall, Magnet Rare Earth Oxides (MREO) make up an average of 24% of TREO, with Critical Rare Earth Oxides (CREO) averaging 23% and Heavy Rare Earth Oxides (HREO) averaging 12%.

Results show that the Pt Kidman area is significantly enriched in Total REE (TREE) (Figure 4).
Within the Pt Kidman prospect itself, 5 large, coherent TREE anomalies have now been defined,
covering a total area in excess of approximately 100 square kilometres.

24 rock chip samples collected from the East Laverton project confirmed the presence of highly anomalous metal values within possible gossans.
Notably, sample ELRK024 from the Seahorse prospect area contained grades of 1.10% nickel, 1.57% cobalt and 337ppm copper

The Company is currently awaiting the grant of one further exploration licence, an application that was made to secure additional ground prospective for REE in the Pt Kidman area

A substantial program of aircore (AC) and reverse circulation (RC) percussion drilling commenced in mid-January 2023 at the Company’s Pt Kidman and Seahorse prospects.
The drilling comprises approximately 10,000 metres and
is expected to take approximately one month to complete and initial results are expected during the next quarter.

RAVENSTHORPE PROJECT
The project areas are located within the Albany-Fraser Orogen of Western Australia,
The project comprises a total of eleven granted exploration licences and
one exploration licence application.

The Ravensthorpe project is prospective for a suite of battery metals,
including lithium, graphite, nickel-copper-PGE, REE and gold mineralisation.

There are numerous active mining operations, project developments and
exploration projects in the region.

The large Ravensthorpe project provides the Company with multiple exploration opportunities including a potentially large scale REE project, lithium, graphite and nickel.

MT MONGER PROJECT

The Mt Monger Gold Project is centred approximately 45km east-northeast of Kambalda and
70km to the southeast of Kalgoorlie-Boulder, within the Goldfields Region of Western Australia.
The project comprises six granted exploration licences, two pending exploration licenses and three granted prospecting licences, covering an area of about 100km2

The Mt Monger Gold Project is within close proximity to Gold Fields Limited’s (JSE:GFI) St Ives gold camp and adjacent to the Silver Lake Resources Ltd (ASX:SLR) Daisy Milano gold operation and their currently operating 1.2Mtpa Randalls gold processing facility.

Lefroy Exploration Limited (ASX:LEX, Lefroy) has experienced recent exploration success at their Burns Prospect, located to the south of the Mt Monger Gold Project.

$5.2M MC
$1.93M Cash

MTM near
LYC $8.7 Billion

Meaning LYC is aver 1650 x the MC of MTM,
Leaving MTM a lot of room for potential Upside !!!!