Just out of curiosity, can anyone tell me if this is the first...

Just out of curiosity, can anyone tell me if this is the first time these points have been mentioned by SRL

• Laboratory analysis of rock chip samples over uranium-thorium radiometric
anomalies of trachytes at Minore Project returned significant rare earth elements
(REE) anomalies

• Test work and process development assessing opportunities for potential recycling of spent
battery materials and further downstream processing of sulphates into precursor cathode active
material.

I am not sure i've seen these mentioned before so i am wondering if this is a new development? Metal / Battery recycling will become a massive market going forward, so it definitely is a good idea to focus a bit of R&D. Also, REE production is highly concentrated in China and it is of strategic benefit for the western world to grow its own supply chain robustness. Obviously these are good areas to grow the business in for the future.


The current market cap ~ 190 m seems low, all things considered.

Thoughts?