The salient takeaways - there are many not necessarily...

The salient takeaways - there are many not necessarily exhaustive!

• Rationale - this is Compelling and Complementary.
• JORC Resource. Highly amenable, Simple Flowsheet (As Simple as it gets)
• “There is a Shock of the New”
• Taking Australia up the Knowledge Curve on Fluorite.
• Fluorite was found at Speewah in 1905, and in the 1880’s the Kimberly experienced the Gold Rush.
• Stage Gates very quickly
• The Fluorite Deposit is 1.6 kms from the Vanadium Deposit. A separate deposit.
• PFS mid- year 24.
• Scope to increase the size of the Fluorite Resource Drilling
• Campaign to resize / resource estimate, upside risks to this.
• Again as Simple as it Gets.
• Acid Grade Fluorite Simple Flowsheet, not very technical at all
• Fast to Deliver
• Cost of mining coming down.
• Perfect timing, for the impending deficit / depletion in F reserves globally.
• Building in 2025.
• Able to get gear, etc from other mine sites next door.
• Laser focused on Revenue and Profit
• Stage and Ramp up the Project.
• China Stopping exports of Fluorite a possibility (Price to Run further).
• China may have depleted its Resources by 2030
• Japanese Want it.
• 2025 FID, Buying the Long Lead Items in 2025, and 2026 Shipping.
• Scoping Study showed strong Economics. $65 million cost, could be now $90/$120 Million. Number 1 Sensitivity is the Commodity Price
• Off Cycle, Capital Equipment Available Project Life to grow.
• Generate High Value and Significant Profits
• Able to get Loans (various government funds) for this because it’s a Critical Mineral.
• WARP speed - within 4 years of reset.
• Speed - First Shipments end of 2026.
• Conveyed the Technical
• Compelling and Complimentary