Ann: Half Yearly Report and Accounts, page-2

Financials.
There we have it. Without directors pitching in, NWM would of folded. New CEO is needed IMO, one that is pro-active and can find a strategic venture provider.

Activities
Preliminary REE recovery testing was undertaken on 30 drill samples using a weak acid wash. The results
show that, similar to other Australian clay hosted REE project, these saprolite and clay samples require
the stronger acid leach process to liberate the REE. Norwest will resume REE recovery testwork once
samples are recovered from the larger, more representative, areas scheduled for drill testing in 2024

Why the fk aren't NWM drilling this area. What are they waiting for. This deposit is relativity shallow. So wouldn't cost big $$$$ Just ZZZZZZ and white noise. Why isn't the team value adding their leases.

Norwest has planned a 200-hole aircore drilling program to infill and extend the 3km anomalous zone and
test targets near and along strike of hole 23AWAC18 including the large REE-lithium anomaly. Heritage
surveys for drilling clearance were completed in August 2023. The total drill program will cover 15 kms of
REE enriched clays located at the geological contact between the Arunta granites and Bitter Springs
sediments. The drilling results will be used to calculate a maiden REE mineral resource estimate targeting
between 100 and 200 million tonnes.

Hope this isn't another carrot dangling and this program get up and running. Need a CR though for 200-hole

On 11 July 2023 Norwest announced it had lodged a 363km² Northern Territory tenement application
extending the REE-enriched ABG-BSS contact3 from 100kms to 135kms. The application brings
Norwest’s total Arunta West Project area to over 1,600 kms².

Why this application. NWM can't value add what leases they have.

Activity regarding the Bulgera Gold project........

What activities!!! A years spent on pit design and table venture chats. Why is this project not marketed and drilling program underway bringing this project closer to commercial venture and revenue.

Marymia Future exploration should focus along the major structures
to the northeast of drilling across prospects AUZ17 & AUZ20.

When will future exploration start......2030!!!

Marriotts Ni.....zzzzzzzzzzzzz

The problem with NWM is no one is willing to back them. Projects moves slow and not pro-active. COH has always been an issue with pissy dilutive raises and projects just fall asleep zzzzzzzz. Thank you to some of the board members in pitching in. A rare occurrences and probably kept things above water last years
Pivotal time for NWM.