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Quarterly Activities Report - March 2024


  • REE market conditions remain at low levels although recent positive price movements provide support for an improvement in the second half of CY 2024.

  • $200,000 government co-funding grant awarded for Mick Well carbonatite pipe targets.

  • Heritage clearances completed at Mick Well subsequent to the Quarter, including the carbonatite pipe targets.

  • Completion of Boolaloo Project sale to Black Cat Syndicate (ASX:BC8) for a consideration of 2,000,000 fully paid ordinary shares in Black Cat based on a share price of $0.28 per share and valued at $560,000 as well as a 0.50% NSR royalty on any future Au and Cu production.

  • Cash and investments of approximately $2.3M, including proceeds from the sale of the Boolaloo Project.

  • Exploration work at Mick Well temporarily scaled-back in light of the prevailing REE market. Temporary delays include drilling previously planned for 1st Half 2024 which has now received government co-funding and is available for drilling commencing from June.


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