Today's preso notesNick presented* China lifted quota's of...

Today's preso notes

Nick presented

* China lifted quota's of REE's. MEI positioned well to handle that

* Investment highlights - 100 million tonnes at 4 thousand pls ppm
* Grades are brilliant
* Drilling on site now. Predominantly ionic. Strong response.
* 195 square km's of tenaments. Quality is what we are looking for.
* We are seeing some amazing support from the locals. Alcoa have been in the area for 70 years. Local and state governments are good to work with.
* Marcello is kicking goals with local support
* Raid path to development - permits to construct could be as early as next year
Rare Earth Types - page 5 - Ionic clays v HARD ROck hosted REE's
* CAPEX - hard rock is more capital intensive. We have Ionic clay
* Ionic Clay - cheaper to operate
Ionic Clay Landscape - p6
* MEI is off the chart! Nick was hesitent at first - had to convince himself how good MEI has it
Why is it so good? - p7
* A geographical feature that supports vvery high grades
MEI Drilling recently - p8
* Significantly high numbers
* Lot's of work to do in this space
Nick skipped to p11 - Metallurgical Testwork p11
* Delays in assays
* Expecting to see significant improvement in grades
Southern licences for the Caldas Plant - p12
* Slide discussed. Hold MANY mining licences already
* High voltage power line available & road. Very easy start up for us
A Green Mine p13
* Comes down to front end. Truck. Full extraction in 5 to 7 mins, yes 5 to 7 mins. Filtration process to end. Working on this area.
Brazil Government Colaboration
* MOU - signed by the State government. Providing us full support.
De-risk - p15
* We have our own rig.
* 5 or 6 weeks - news coming for resource
* Searching for a GM now

Live Q&A
1. Discussed Hark Rock v Ionic Clay
2. Residency times - re JOGMAC - expecting to be able to reduce the size of equipment
3. Expecting assays soon. Lads are busy across the world. Looking forward to getting the carbonate story out
4. First round flow sheet atm - expected to be iterative and we are including prior learnings. Looking at an optimal flow sheet - focussed on an 80/20 result rather than taking years
5. Technical info that I can't repeat. Lol. Focussed on getting value in our "basket"
6. Previous family owners. Very positive support & we are building on that relationship.

Wrapped up...

Ok, so what does Gracie think? I think BUY.
BUY under 20c.
Which is what I am doing this week for my daughter once the broker paperwork is complete.

All the best to shareholders

Gracie