Comparing Perce and Luni, page-24

Hi Salpetie

Couple of questions for you.

I draw your attention to Figure 1 in ENR report on 7 August 2023.

The RC drilling done (figure 1) shows that there is carbonatite thickening heading to the west from Hoschke and also east from Hoschke towards Crean along the Elephant Island Fault, and that this is carbonatite thickening is getting getting thicker heading towards Hurley.

In the report on 25 July 2023, it is mentioned that carbonatite was open in all directions at EAL007.

EAL007 assay results are given on 6 Sept 2023. These results are so similar I am really very impressed by what was found. Are you?

There are a cluster of 4 legitimate targets from McIllroy to Hurley in the Falcon gravity survey (24 April 2024)

ENR has mentioned on 7Aug 2023 that “EAL008 has intersected a thicker zone of Nobium REE in carbonatite. This carbonatite is becoming thicker and more coarse grained in EAL007 ( located 1.5km east ) indicating EAL007 is closer to the core of the large Nobium REE mineral system.

In addition, a preliminary mineralogical assessment on a sample from EAL008 has confirmed that the main Nobium bearing mineral identified in the carbonatite is interpreted to be coarse grain pyrochlore.The coarse grain size could be advantageous for metallurgical separation.”

I note that that carbonatite was open west of Hoschke and east of Crean along the Elephant Island Fault. It was also open in all directions at Crean.

As ENR put it on 25 July 2023, “ it is still very early days but the success rate from the small number of holes drilled in West Arunta is quite extraordinary and bodes well for the future drill program at Aileton”

It was after a careful reading of ENRs announcements and announcements from the other hopefuls that I decided to invest in ENR. I am just sharing my thought processes here.

Q1: Any comments on all this?

Q2: Is the Nobium in Lumi also in pyrochlore or is it in something else?

CheersInky