RDM 6.90% 13.5¢ red metal limited

Sybella Benchmarking vs Peers, page-29

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    Weir is the mining consultancy

    Based on additional coring and chemical analysis, Weir International has also determined that the size of the Company's REE Exploration Target has increased almost 50% to 0.9 – 1.2 million tons of total rare earth oxides ("TREOs") from its initial Target in May of 0.6 – 0.8 million tons. As perspective, the United States has an average domestic consumption of roughly 10,000 tons per year of REEs over the last ten years.

    from the same article

    Exhibit 1: Updated Brook Mine Basket

    Brook Mine ICP Analysis

    Primary Magnetic REOs


    Neodymium (Nd2O3)

    15.84 %

    Praseodymium (Pr6O11)

    4.22 %

    Dysprosium (Dy2O3)

    2.42 %

    Terbium (Tb4O7)

    0.42 %

    % of Primary Total

    22.90 %

    Secondary Magnetic REOs


    Samarium (Sm2O3)

    3.06 %

    Gadolinium (Gd2O3)

    2.78 %

    Holmium (Ho2O3)

    0.48 %

    % of Secondary Total

    6.32 %

    % of All Magentic Total

    29.23 %

    Other REOs

    70.78 %

    Brook REO Basket

    100 %

    Source: Weir International Inc.

    Exhibit 2: Updated Brook Mine Exploration Target

    Brook Mine In-Place REO Exploration Target Tonnage and Grade Estimate - New

    Range

    Total

    Primary Magnetics

    Secondary Magnetics

    Heavy

    Light

    Tons ('000)

    Grade (ppm)

    Tons ('000)

    Grade (ppm)

    Tons ('000)

    Grade (ppm)

    Tons ('000)

    Grade (ppm)

    Tons ('000)

    Grade (ppm)

    Low

    938

    261

    219

    61

    60

    17

    33

    9

    728

    202

    High

    1,173

    326

    274

    76

    75

    21

    41

    11

    910

    253

    Source: Weir International Inc.


 
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