Ann: Study into establishing UK based Rare Earth processing facil, page-4

Hopefully the study compares benefits of establishing the facility in UK or Lobito and where its physicality would benefit Pensana the greatest. Our 23% holder might have something to say about the outcome. Pensana and Angola would become the market leader for the refined RE product to sell to the highest bidder in the world! Great for their economy - jobs, taxes etc. and potentially more profitable for us considering lower running costs - wages, etc.