And from Quarterly Activities announcement last week.....I'm...

And from Quarterly Activities announcement last week.....

I'm hoping the "International laboratory" mentioned is in Brazil and eats Niobium for breakfast.

Current Metallurgical Testwork Programs

During the quarter, the Company announced it commenced flotation testwork on diamond core samples at an international laboratory with experience in niobium beneficiation. This program is expected to run for approximately five months. In parallel, the Company commenced physical beneficiation and flotation testwork utilising internal expertise and local laboratories.

The primary objective of this initial testwork is to demonstrate the ability to concentrate niobium bearing minerals via flotation from a single sample point in the east of Luni. If successful, the flotation regime will subsequently be optimised for that sample point. Testing will then proceed to assess any variability throughout the deposit from samples sourced from other parts of Luni. Drilling at Luni in 2024 will initially be focused on acquiring sufficient samples for this variability testwork to be undertaken in the second half of this year.

Following the above testwork, flotation will be tested with other processes to achieve the objective of producing a concentrate suitable for taking into the intermediate processing and final conversion steps for the production of ferroniobium.

The subsequent processing and conversion of niobium concentrate to an end-product is planned in later testwork programs. This step is generally regarded as being a high-recovery and lowerrisk process once concentration has been achieved.

Appointment of Niobium Processing Advisor

On 21 February 2024, the Company announced that it had formally appointed Clovis Sousa as Niobium Processing Advisor to work alongside recent key internal appointments and further enhance the Company’s overall technical capabilities.

Mr Sousa, who resides in Brazil, is a metallurgist with over 33 years’ experience working at CBMM, the world’s largest niobium producer. He was most recently head of the industrial production activities of CBMM which included oversight of mining operations, ore processing, conversion, and metallurgical and chemical processing for ferroniobium and specialty products (such as niobium oxides).