Ann: Very High Metallurgical Recoveries, page-333

just a quick note to all holders .

i asked the question yesterday to BH .

Will using HCL inhibit OD6 REE clays from being processed and the answer was a comprehensive no. The comment was OD6 has very high grade areas that will most likely be proven to be easily leachable due to weathering characteristics in one of the 4 main prospects. We have not tried Ammonium Sulfate on our best targets yet and also we can lower HCL concentration in the next testing regime. BH said our clays respond well to beneficiation so grade will increase substantially if and when processed. The depth of the deposit also reduces stripping costs so we have many positive ticks.

I loved hearing we will build our own HCL plant if we need to. Maybe we might get a federal govt loan as Govt wants REE processing on Australian soil. Company is talking to Feds in May about Govt grants.

BH is very confident Cheap renewable energy is coming to Esperance area and the ports can handle anything we need to export.

Cheers longs