CASCADE RARE EARTHS PROJECT

The Company’s 100% owned Cascade Project is located 35 kilometres west from the regional centre of Esperance. Cascade benefits significantly from access to infrastructure, including air and sea ports in Esperance, grid power and an existing road network across the tenure.

The project tenure is blanketed by a thick horizon of shallow, high-grade clay hosted rare earth mineralisation over a remarkable area, currently 1,100km². The northern half of the project, another 1,000km², remains to be drilled and the potential for significant zones of clay hosted rare earth mineralisation is considerable.

Results to date show the mineralisation contains a high proportion of the valuable permanent magnet metals.  These metals are geopolitically critical and the Company has put in place plans to accelerate drilling and expand the already considerable scale of mineralisation.