Quarterly Activities Report & 5B
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Announcement summary
Quarterly Activities Report & 5B
HIGHLIGHTS
Strong expansion and exploration progress across prospects:
Central Rutile Pproject expanded significantly with 5,901km2 of new licenses bringing the total project area to 8,789km2
Assays confirmed high-quality natural rutile at the Central Rutile Project
High-grade mineralisation of up to 2.1% rutile over 1m at Nsimbo and 1.57% rutile over 1m at Alamba
Completion of reconnaissance drill programs with thick zones of HMS mineralisation observed across Douala
Post quarter end, the Company commenced a 91-hole auger drilling program at Central, following identification of high-grade rutile and HMS mineralisation from surface
Fast-Tracked Exploration Timeline: Early mobilisation at Central Rutile Project to reduce the lag between auger results from the programme at Alamba/Nsimbo and Bounde and Nganda targeting depth extensions
Malawian REE Portfolio Strategic Review Underway: Commenced a strategic review of its Malawian REE portfolio
Capital secured: Raised A$4.625 million at $0.30 per share, with Directors and the CEO contributing A$290,000
Leadership Strengthened: Cliff Fitzhenry was appointed CEO, transitioning from Technical Consultant, with further senior appointments and expansion of in-country technical team
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