Ann: RIU Media Clarification, page-42

Hammer’s initial drilling at the Hardway project in Queensland has discovered a potentially significant copper-rare earths system with valuable heavy rare earths.
Importantly for Hammer Metals (ASX:HMX), heavy rare earths dominate the REE mix, making up 65% of the mineralisation.Significant amounts of magnet rare earths such as dysprosium (190 parts per million) and neodymium (263ppm) were also noted along with 117ppm of samarium, which has a number of specialised uses.
The intercepts are intriguing as they prove the presence of rich rare earths within a soil anomaly that stretches out over a 1.9km strike length.
Hardway is located about 1km off the Barkly Highway between Mount Isa and Cloncurry.It is situated along a north-west trending structure identifiable by outcrops of quartz breccia within the Corella formation, which also hosts the company’s Kalman gold-copper-molybdenum-rhenium deposit as well as the Jubilee and Elaine copper-gold deposits.

Upcoming activity:

Hammer has a busy quarter to come with results from drilling at Kalman, Kalman West, Lord Nelson and Ajax expected this month.It also plans to carry out follow-up drilling at Hardway, South Hope, Mascotte, Mascotte Junction and Stubby.
During the rest of this quarter and the second quarter of 2023, the company also expects to carry out the Yandal lithium aircore drilling program and upgrade resources at its Kalman project.