ENR Weekly Report, page-39

Significant Nb results from Luni today -

▪Best niobium intersection to date, located in the north-east zone:
LUDD23-013 from 87.0m:34.0m at 4.8% Nb2O5including:16.0m at 7.9% Nb2O5

▪Best new intersections from 200m spaced drillholes include:
LURC23-085 from 39m:42m at 1.5% Nb2O5including from 50m:10m at 2.8% Nb2O5
LURC23-086 from 81m:7m at 5.5% Nb2O5 (to EOH)
LURC23-087 from 66m:15m at 1.5% Nb2O5

▪Best new intersections from 100m spaced infill drillholes include:
LURCD23-002 from 44.7m:8.8m at 2.9% Nb2O5
LURC23-132 from 46m:72m at 1.0% Nb2O5including from 47m:16m at 2.6% Nb2O5
LURC23-134 from 35m:36m at 2.2% Nb2O5including from 39m:20m at 3.4% Nb2O5
LURC23-149 from 45m:93m at 1.3% Nb2O5 (to EOH)including from 49m:31m at 2.9% Nb2O5
LURC23-178 from 58m:8m at 5.0% Nb2O5
LURC23-181 from 41m:15m at 1.8% Nb2O5

Our 'over the fence' areas might be good too - perhaps to sell to WA1 or JV. Who knows !

But we have so many known carbonatite intrusions in a known Nb rich region that our exploration has very high confidence, but it is still exploration OK?

Look forward to other holders take on this - we have some great posters here.