Ann: Trading Halt, page-66

The desired acquisition has and will attract a commanding SP upon opening- an opening above 1 is expected imo- drifting to one and a half towards sundown-

“Recent increases in market demand for HREE coincides with a government clamp down on illegal mining of rare earth elements within China, which currently accounts for approximately 80% of global rare earths production and almost 98% of global heavy rare earth production.

Heavy rare earths are considered rarer than light rare earths and subsequently attract higher prices.

Of particular interest to the Mt Mansbridge Project is the potential for xenotime mineralisation which is known to contain significant amounts of Dysprosium. Dysprosium is used in permanent magnets and allows for magnets to retain their magnetic properties, even at high temperatures. This property is extremely desirable for use in Electric Vehicles.

The importance of Dysprosium in Electric Vehicle manufacturing as well as its use in lasers, wind turbines, nuclear reactors and other military applications makes dysprosium a highly strategic mineral. Other valuable heavy rare earths include Terbium, which is often used as a substitute for Dysprosium, and the rarest and most valuable rare earth Lutetium. Both these valuable rare earths contribute economically to typical xenotime deposits.

Due to its strategic importance, constrained and concentrated supply, strong demand growth and political importance, heavy rare earth deposits located in stable and trade-friendly jurisdictions will garner significant global interest from partners looking for surety of supply.”

Great move by management!