Follow-up Exploration at High-Grade Gallium & REE Projects

HIGHLIGHTS

Tundulu Rare Earth, Phosphate & Gallium Project

• Follow-up exploration commencing: 75 soil & rock chip samples planned to build on the discovery of high-grade gallium (Ga) mineralisation (Figure 2).

• Large upside potential: Only 40% of the highly prospective area has been drill-tested; mineralisation remains open at depth with the deep-seated gallium potential not assayed for.

• High-grade historical results: intercepts include 64.63g/t Ga2O3, 1.03% TREO from 45m for 25m, including 9m at 81.85g/t Ga2O3 from 61m (drillhole TU008) up to 310.46 g/t Ga2O3, 5.68% TREO from 97m to 98m in drillhole TU043.

Machinga HREE & Nb Project

• New sampling campaign: 116 soil and rock chip samples planned to be collected across a 400m x 200m sample grid, targeting a strong radiometric anomaly as well as a follow-up of the recent results from the maiden RC & DD drilling campaign.

• Strong maiden RC and Diamond drilling results (2023):

• 15.1m @ 1.01% TREO, 0.36% Nb2O5 from 23.9m (3.71% Dy/ Tb/TREO) incl.

• 4m @ 1.75% TREO, 0.63% Nb2O5 from 33m (3.8% Dy/Tb/TREO) drilled downdip (diamond drillhole MDD007).

• Continuity confirmed: Mineralised zones correlate strongly with radiometric anomalies, enhancing confidence in targeting higher-grade areas with further future drilling.