LNR GENERAL DISCUSSION, page-9

Agreed. Its the REE potential in their Gascoyne lease that is adjacent to Hastings's up and coming REE mine thats driving the volume at the moment. whilst we await assays. Not to mention Dreadnought also flanking the LNR lease. Interestingly, Dreadnought is now searching for the carbonatite that is the source of their ironstone REE deposits and they are indicating they might have located one not so far from LNR. We are seriously fortunate that we have it appears 8 or so largish carbonatites on our lease and for all we know these might well be the source rocks for both Hastings and Dreadnought deposits. Currently awaiting assays from our ironstone drilling ( the REE's reside in the ironstones generated from the carbonatites). Trading volumes currently are certainly well above average daily volumes for LNR and I see professional accumulation action.... by that I mean large buy orders intermittently come in from off-screen, get their fill, then everything goes relatively quiet for a while, sellers then fret and build up the sell queue volume then the whales return and soak up. Rinse and repeat, accumulation strategy at its best.