drilling results etc , page-6

reading from current and previous announcements; as any investor would

- there is no doubt these are excellent results for Likuyu North MRE and the potential step change in the resource model; particularly confirming the potential for ISR (lower CAPEX and OPEX) and of course proving the MRE extensions (more lbs in the bank); as per Mantra, not too concerned about the grade being in the 300-400ppm range given Mantras DFS has an updated grade of 290ppm and a cash cost of ~$21/lb; still placing it in the lower cost quartile for the sector; and proving these type of deposits will survive and prosper more than BMN, TOE; lots more exciting work to be done it seems and technically all travelling well;

- reading the announcements of Exploration Manager Muller's appointment and executive director Claytons appointment, no doubt UNX has 50+ years of experience exploring, developing, mining these deposits

all looks very very good on paper including cash to execute, assets to JV / Sell for non-dilutive cash inflow, coal to diversify, many many neighbours killing the pig on graphite, rare earths, gold, in the event further diversification desired

very cheap