Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

Interesting quarterly ..... very very interesting

Enova will establish a Company metallurgical laboratory in Kuala Lumpur in Q4 2024. Enova has secured access to a private high accuracy ICP-MS (mass spectrometer) assay facilities and technical staff. This arrangement is only possible through Enova Director’s interests in private rare earth refinery development research.These facilities allow fast assay turn around within 24 hours, compared to commercial services which often take weeks. Tests can be adapted based on fast assay turnaround, thereby reducing the timeframe of this research due to the sequential nature of testing.

Enova’s laboratory will also be used for the CODA project. The work for Cattle Creek and CODA both relate to clays and saprolite which have commonality in the test procedures. The current leaching programme for CODA will focus on IAC leaching at various conditions. About 10kg of metallurgical samples from CODA have been dispatched to Kuala Lumpur for sighter tests in anticipation of the Company laboratory. A further 60kg will be dispatched in October/early November.