Wa1 vs gbe, page-7

thanks for some insightful info

So GBE is :

193,281t Contained Nb2O5

I recall now the source for offtake samples



TCM news was late october so this will likely be late nov or early dec

Next steps
TCM’s Stage 1 laboratory work con�nues and having produced metal chloride concentrates at lab-scale
the next steps will be to collect the mixed chloride condensates and separate them into major
components i.e. niobium chloride. The main target at this point is to produce niobium oxide samples for
evalua�on by poten�al o�ake partners.
The results of this test work will be used to design a laboratory-scale pilot plant. This plant will process
concentrate that is currently being generated from a 10-tonne ore bulk sample collected earlier this
year. The main purpose of the pilot plant is to obtain design parameters for the large-scale plant. Using
these parameters, the large-scale capital and opera�ng costs can be calculated using financial modelling
to es�mate the financial returns at different large-scale capaci�