I’ve been silent the last two days digesting the significance of...

I’ve been silent the last two days digesting the significance of these latest and material announcements. And I’m of the view there is more to come to solidify our positions.

We know Sandover is a treasure trove for Fluorite and with all the due diligence Sumitomo alone has done on the project to date - no wonder they want a piece of the action. But I don’t believe Tivan will be giving the farm away. They are in the box seat looking to take their investment as far as possible on their own so as not to not dilute the value the project can deliver to us - the shareholders. I believe there is excitement amongst the Tivan geos that Sandover F is significant in size and grade. Perhaps a leading global deposit with generational capacity.

The second announcement is also very far reaching - perhaps more far reaching than we are giving it credit. Having JOGMEC come alongside as a 3rd equity investor into our Fluorite projects at this early feasibility and exploration stage, before a DFS and FID, is of major significance that the market hasn’t yet fully absorbed. It simply reinforces how critical F actually is when you have a Tier 1 global player and their Government arm co invest - probably reflects how slow our own Federal Government is to recognise the criticality of mining to this country beyond iron ore. Having said that, they identified F as a critical mineral which was an important pivot for the country and Tivan. But they need to do more to capture the value that can be attributed to the critical minerals sector. We are behind the 8 ball and the catch up will be hard given China’s dominance and awareness for years in the sector. Having said that, Tivan is streets ahead of any other Australian player and to have secured Japanese support is an absolute “checkmate” and win. But I’m sure it will come as no surprise our Governments will and must come with the chocolates and funding to support these leading projects which have global prominence.

The recent coverage in the AFR the last few days and page 2 coverage today for that matter doesn’t come without the company having credibility and by a journalist who has absolute business gravitas. It wasn’t a paid profiling with others tend to do.

So to reiterate the JOGMEC announcement is actually huge and lost in the current noise but gives the company I believe a direct value driver throughout 2h & next year. Coupled with the fact that this deal will now be reviewed at the highest levels of Governments around the world, from Beijing to DC.

On these announcements alone we should be breaking out beyond the pricing we are seeing. This company has now been fully de-risked from its past and without exception the company has been reset. I imagine a SP reset is not far away also and whatever games are being had by those traders, trolls and idiots, with new awareness, investors and global and Australian government and institutional support for the company, they will become past tense having missed a generational asset in play for Australia and Australians.

It really doesn’t get much better than what is playing out currently for us in a world full of geopolitical tension, a fight for capital and investment, it is now undeniably recognised that Fluorite is the holy grail. And with an exceptional team at Tivan doing great work so that we can attract global Tier 1 and Government investment reinforces the excellence they have established and the capacity for these investors to co-invest alongside Tivan. I believe Japan are coming for us and potentially other opportunities that emerge - possibly opportunities they may present us. Like Grant said it sets us up for the future by being at the table and years of access and upside by being a key and trusted business partner.