Announcement PDF ASX Announcement 22 January 2024 ASX: ABX Wind Break confirmed as high grade rare earths deposit A 30 hole drill campaign at Wind Break discovered thick, clay-hosted high grade rare earth elements in an old timber plantation Results confirm the 100 km2 exploration target area ABx’s drilling campaign resumed last week, focusing on high grade Rubble Mound and extensions of the high-grade Deep Leads zone ABx Group (ASX: ABX) is pleased to announce high-grade rare-earth elements (REE) results from the first rare earths drilling campaign at the Wind Break deposit, which is located 15 km northeast of the 52 million tonne Deep Leads-Rubble Mound rare earths resource1. The results are an emphatic confirmation of ABx’s northern Tasmanian exploration target area that exceeds 100 km2 (Figure 1). High Dy+Tb: Like all ABx rare earths in Tasmania, the Wind Break mineralisation is highly enriched in the two rare earths with the most critical supply risk, dysprosium (Dy) and terbium (Tb), with Dy+Tb exceeding 4.5% of TREO. This remains the highest proportion of Dy and Tb of any clay-hosted rare earths resource in Australia, and is globally very high. The grades of thorium and uranium are also very low. The bottom layer in the first hole of this campaign, hole WB126, exemplifies the high proportion of Dy and Tb – see Table 1. Table 1: Hole WB126 assay results Hole WB126 located at Permanent Magnet REE "PerMag" 492105E 5412837N 198mRL Dy+Tb Ratio O t h e r R a r e E a r t h E l e m e n t s Radioactives TREO TREO Perm Dy+Tb From To Nd2O3 Pr6O11 Tb4O7 Dy2O3 CeO2 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Sm2O3 Tm2O3 Yb2O3 Y2O3 ThO2 U3O8 . - CeO2 Mag TREO (m) (m) ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % 2 3 635 247 177 45 3.8 22 4.0% 85 10 8 25 3.7 122 1.2 37 1.3 9 85 5.6 1.3 3 4 2,172 1,101 502 360 92 7.5 43 2.3% 1,071 21 16 47 7.3 242 3.0 74 3.0 22 165 5.2 1.3 4 5 3,710 1,653 757 542 138 11.2 65 2.1% 2,058 31 24 68 11.0 361 4.8 111 4.6 34 246 4.7 1.2 5 6 2,452 1,527 679 488 123 10.0 59 2.8% 925 29 22 65 9.7 352 5.0 100 4.3 33 228 5.0 1.1 6 7 2,644 1,728 740 528 130 11.3 69 3.1% 915 35 23 72 11.7 413 6.6 105 5.5 43 274 4.4 0.9 7 8 2,093 1,652 707 503 126 11.4 67 3.7% 441 36 23 71 11.9 378 7.1 104 5.5 44 265 4.3 0.8 8 9 2,322 2,105 945 683 175 13.5 74 3.8% 217 35 28 90 12.5 535 5.8 135 5.0 37 276 4.4 0.8 9 10 2,183 2,026 860 616 159 12.8 73 3.9% 157 34 28 87 12.5 537 5.3 119 5.0 35 304 4.1 1.0 2 10 2,276 1,543 680 487 123 10.2 59 3.0% 734 29 21 66 10.1 367 4.8 98 4.3 32 230 4.7 1.1 10 11 1,342 1,203 412 278 61 9.8 64 5.5% 139 37 14 60 12.3 252 6.2 58 5.8 41 304 5.1 1.1 11 12 1,189 995 316 206 48 8.3 54 5.2% 194 35 11 50 11.0 209 5.4 43 5.1 36 273 5.1 1.1 12 13 2,164 1,840 708 492 119 13.8 84 4.5% 324 45 24 86 15.2 418 7.0 101 6.5 48 381 4.5 1.1 13 14 1,361 1,273 395 259 59 10.2 67 5.7% 88 40 14 64 13.6 254 4.2 57 5.4 29 396 4.9 1.4 14 15 655 601 147 91 20 4.9 32 5.6% 54 20 6 30 6.6 108 1.4 20 2.4 11 248 4.9 1.2 15 16 584 534 122 76 16 3.8 27 5.2% 50 16 5 26 5.8 92 1.1 16 1.8 9 239 4.6 1.1 10 16 1,216 1,074 350 234 54 8.5 54 5.2% 142 32 12 53 10.8 222 4.2 49 4.5 29 307 4.8 1.2 550 Thick zones of high-grade ionic clay REE with Dy+Tb/TREO ratios above 5% are globally rare. ABx’s REE are enriched in Dy and Tb which is a strategically important characteristic of these unique REE resources. 1 ASX announcement 20 November 2023 ABx Group Limited Level 5 52 Phillip Street Sydney NSW 2000 ABN 14 139 494 885 P: +61 2 9251 7177 F: +61 2 9251 7500 ASX release 22 January 2024 page 2 Figure 1: Wind Break REE discovery is 15 km northeast of ABx’s 50 million tonne REE resources of Deep Leads, Rubble Mound, Alluvial Flats and Leech Scrub, from less than 15% of ABx’s northern Tasmanian 100 km2 exploration target area. Wind Break confirms a 15 km extension. Wind Break Figure 2: Location of ABx exploration projects and infrastructure in northern Tasmania ASX release 22 January 2024 page 3 Figure 3: Location and grades of ABx REE drillholes at Wind Break REE discovery – details in Table 3 ABx Group Managing Director and CEO Mark Cooksey said: “Our ionic adsorption clay rare earths resources are exceptionally enriched in the two most critical rare earths, namely Dy and Tb, and the Wind Break discovery continues this pattern. It also confirms that ABx’s REE are predominantly found in scrub country that has been converted to hardwood and pine plantations that are more amenable for development than Tasmania’s highly valuable farmland. ABx strongly endorses the value of agricultural and rural land. “These latest results have confirmed that ABx’s exploration technology is unravelling the origins of this unique rare earths resource and leading us to the richer, thicker rare earths mineralisation.” ASX release 22 January 2024 page 4 Next steps – Drilling is underway and extraction studies continue ABx’s 2024 drilling campaign began on schedule on Monday 15 January and will focus on the large potential extensions of Deep Leads and Leech Scrub high-grade zones, and also commence drilling at the high-grade Rubble Mound zone that is yet to be drilled specifically for REE mineralisation. At the same time, ABx is continuing its research into a low impact method of extracting its REE mineralisation. This announcement is approved for release by the board of directors. For further information please contact: Dr Mark Cooksey MD & CEO ABx Group +61 447 201 536 mcooksey@abxgroup.com.au www.abxgroup.com.au Media Chapter One Advisors David Tasker / Alex Baker +61 433 112 936 / +61 432 801 745 dtasker@chapteroneadvisors.com.au / abaker@chapteroneadvisors.com.au About ABx Group Limited ABx Group (ABX) is a uniquely positioned, high-tech Australian company delivering materials for a cleaner future. The two current areas of focus are: • Creation of an ionic adsorption clay rare earth project in northern Tasmania • Establishment of a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste, via its 83%-owned subsidiary, Alcore There is also a legacy business: • Mining and enhancing the value of bauxite resources for cement, aluminium and fertiliser production ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed. ASX release 22 January 2024 page 5 Qualifying statements Disclaimer Regarding Forward Looking Statements This ASX announcement (Announcement) contains various forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are inherently subject to uncertainties in that they may be affected by a variety of known and unknown risks, variables and factors which could cause actual values or results, performance, or achievements to differ materially from the expectations described in such forward-looking statements. ABx does not give any assurance that the anticipated results, performance, or achievements expressed or implied in those forward-looking statements will be achieved. General Information in this report relating to Exploration Information and Mineral Resources is based on information compiled by Ian Levy who is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Levy is a qualified geologist and director of ABx Group Limited. Mr Levy has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves. Mr Levy has consented in writing to the inclusion in this report of the Exploration Information in the form and context in which it appears. Table 2 - Summary of resource estimation information of 20 November 2023 referred to above, in accordance with LR 5.8.1 Geology and geological interpretation REE mineralisation occurs in clay layers that overlie a Jurassic age dolerite basement in a district with some residual weathered Tertiary age alkali basalt. Jurassic age tholeiitic dolerite and Tertiary age bauxite-laterite are the main bedrock geological units. Paleochannels host thicker clay zones which host the rare earth element mineralisation. Sampling and sub-sampling techniques Sampling was at 1 metre intervals. Subsampling for assaying is by quartering the clay samples twice and each time, mixing diagonally opposite quarters. Assay results from resampling correspond satisfactorily. Drilling techniques RC aircore and push-tube coring used. Auger drilling is being tested. Criteria used for classification, including drill and data spacing and distribution. Indicated Resources are those blocks with grades above the cut-off grade that were estimated based on a minimum 4 samples within 120 metres. Inferred Resources are those blocks with grades above the cut-off grade that were estimated based on a minimum 4 samples within 250 metres. Sample analytical method Assay samples are analysed by standard NATA-approved induction coupled plasma analytical methods for rare earth elements at ALS labs in Brisbane (method ME-MS81) and LabWest in Perth (method MMA04). Interlab comparisons proved satisfactory. Estimation methodology The centroid of each 1 metre sample is accurately located in Easting, Northing and RL coordinates. Because the clay horizon drapes the topography, estimation is by two runs of horizontal circular search ellipses. The first search ellipse is 120 metres horizontally and 2 metres vertically to define Indicated Resources. The second search ellipse is at 250 metres to estimate Inferred Resources. Clay density is typically 2 tonnes per cubic metre, but some samples exhibit density loss, so a density of 1.9 tonnes per cubic metre was applied globally. Cut-off grade Block cut-off grade is 350 ppm TREO - CeO2 which is equivalent to 250 to 300 ppm TREO – CeO2 in drillholes. A separation between background and mineralised grades exists at 190-260ppm TREO-CeO2. See Fig 10. Mining and metallurgical methods and None applicable at this resource-drilling stage. Production and parameters, and other modifying factors rehabilitation strategies are being reviewed. Deposits of this type are mined in China but under very different jurisdictions. The land is freehold hardwood and pine plantations. Table 3 shows the drill assay data and the JORC Appendix 1 information is attached. ASX release 22 January 2024 page 6 Table 3 Drill Results From Recent 30 Hole Program at Wind Break Dy+Tb Permanent Magnet REE "PerMag" Hole Metres Hole From To depth East ID (m) (m) (m) (m) Collar TREO TREO Perm North - CeO2 Mag RL . (LiDAR) ppm ppm ppm 550 Ratio O t h e r R a r e E a r t h E l e m e n t s Radioactives Dy+Tb Nd2O3 Pr6O11 Tb4O7 Dy2O3 CeO2 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Sm2O3 Tm2O3 Yb2O3 Y2O3 ThO2 U3O8 TREO ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % WB126 2 3 1 16 492105 5412837 198 635 247 177 45 3.8 22 4.0% 85 10 8 25 3.7 122 1.2 37 1.3 9 85 5.6 1.3 Avg 3 4 1 16 492105 5412837 198 2,172 1,101 502 360 92 7.5 43 2.3% 1,071 21 16 47 7.3 242 3.0 74 3.0 22 165 5.2 1.3 WB126 4 5 1 16 492105 5412837 198 3,710 1,653 757 542 138 11.2 65 2.1% 2,058 31 24 68 11.0 361 4.8 111 4.6 34 246 4.7 1.2 WB126 5 6 1 16 492105 5412837 198 2,452 1,527 679 488 123 10.0 59 2.8% 925 29 22 65 9.7 352 5.0 100 4.3 33 228 5.0 1.1 WB126 6 7 1 16 492105 5412837 198 2,644 1,728 740 528 130 11.3 69 3.1% 915 35 23 72 11.7 413 6.6 105 5.5 43 274 4.4 0.9 WB126 7 8 1 16 492105 5412837 198 2,093 1,652 707 503 126 11.4 67 3.7% 441 36 23 71 11.9 378 7.1 104 5.5 44 265 4.3 0.8 WB126 8 9 1 16 492105 5412837 198 2,322 2,105 945 683 175 13.5 74 3.8% 217 35 28 90 12.5 535 5.8 135 5.0 37 276 4.4 0.8 WB126 9 10 1 16 492105 5412837 198 2,183 2,026 860 616 159 12.8 73 3.9% 157 34 28 87 12.5 537 5.3 119 5.0 35 304 4.1 1.0 WB126 10 11 1 16 492105 5412837 198 1,342 1,203 412 278 61 9.8 64 5.5% 139 37 14 60 12.3 252 6.2 58 5.8 41 304 5.1 1.1 WB126 11 12 1 16 492105 5412837 198 1,189 995 316 206 48 8.3 54 5.2% 194 35 11 50 11.0 209 5.4 43 5.1 36 273 5.1 1.1 WB126 12 13 1 16 492105 5412837 198 2,164 1,840 708 492 119 13.8 84 4.5% 324 45 24 86 15.2 418 7.0 101 6.5 48 381 4.5 1.1 WB126 13 14 1 16 492105 5412837 198 1,361 1,273 395 259 59 10.2 67 5.7% 88 40 14 64 13.6 254 4.2 57 5.4 29 396 4.9 1.4 WB126 14 15 1 16 492105 5412837 198 655 601 147 91 20 4.9 32 5.6% 54 20 6 30 6.6 108 1.4 20 2.4 11 248 4.9 1.2 WB126 15 16 1 16 492105 5412837 198 584 534 122 76 16 3.8 27 5.2% 50 16 5 26 5.8 92 1.1 16 1.8 9 239 4.6 1.1 WB127 3 4 1 11 492188 5413092 204 3,044 1,226 466 316 76 10.3 63 2.4% 1,818 34 18 61 11.4 257 4.8 73 5.0 35 262 4.7 1.2 WB127 5 6 1 11 492188 5413092 204 1,138 956 341 233 55 7.6 45 4.6% 182 25 12 47 8.8 213 3.0 50 3.5 24 227 5.6 1.3 WB127 6 7 1 11 492188 5413092 204 890 833 177 106 24 6.2 41 5.4% 57 28 7 38 9.4 128 3.0 23 3.4 19 396 6.2 1.2 WB127 7 8 1 11 492188 5413092 204 1,046 944 220 136 30 6.8 47 5.2% 102 30 8 44 10.2 151 3.2 31 3.9 21 423 5.0 1.2 WB127 8 9 1 11 492188 5413092 204 366 317 70 43 10 2.3 15 4.6% 49 11 3 15 3.5 47 1.0 10 1.2 7 149 5.4 1.2 WB127 9 10 1 11 492188 5413092 204 221 178 46 29 7 1.3 9 4.5% 42 5 2 8 1.7 30 0.6 6 0.7 4 75 5.1 1.2 WB128 3 4 1 15 492054 5413558 220 570 242 87 57 14 1.9 15 2.9% 328 8 3 12 2.7 41 1.3 14 1.3 10 62 6.4 1.8 WB128 5 6 1 15 492054 5413558 220 402 323 108 70 16 2.9 19 5.4% 79 12 4 16 3.6 51 1.7 19 1.7 12 94 6.6 1.7 WB128 7 8 1 15 492054 5413558 220 549 484 174 115 29 4.0 26 5.5% 65 15 6 23 5.0 92 2.2 25 2.3 15 123 5.5 1.6 WB128 9 10 1 15 492054 5413558 220 694 632 224 151 38 4.8 30 5.0% 62 17 8 30 5.8 133 2.2 33 2.5 15 161 5.5 1.6 WB128 10 11 1 15 492054 5413558 220 653 568 197 134 32 4.4 28 4.9% 85 16 7 27 5.5 116 2.0 29 2.3 14 152 6.5 1.9 WB128 11 12 1 15 492054 5413558 220 1,253 1,185 239 136 30 9.3 64 5.8% 68 42 11 58 14.1 152 4.1 35 4.9 27 598 5.1 1.6 WB128 12 13 1 15 492054 5413558 220 734 651 175 118 28 4.1 25 3.9% 83 17 6 29 5.4 150 1.8 21 2.0 11 232 5.3 1.8 WB129 2 3 1 5 491836 5414013 225 290 232 77 52 13 1.6 11 4.3% 59 7 2 9 2.2 49 0.9 11 0.9 7 66 7.5 2.0 WB129 3 4 1 5 491836 5414013 225 499 388 104 66 15 2.9 20 4.5% 111 14 4 17 4.2 63 1.8 15 1.8 12 152 5.8 1.6 WB130 3 4 1 7 491461 5413591 189 1,328 925 392 279 67 6.8 39 3.5% 403 21 14 44 7.1 188 2.8 58 2.9 20 175 7.1 2.1 WB130 4 5 1 7 491461 5413591 189 824 621 196 127 28 5.6 37 5.1% 203 23 8 32 7.3 91 3.3 31 3.3 23 204 6.6 1.8 WB130 5 6 1 7 491461 5413591 189 900 765 268 180 40 6.6 42 5.4% 136 24 11 40 7.9 128 3.3 43 3.3 23 213 6.3 2.0 WB130 6 7 1 7 491461 5413591 189 417 371 105 63 14 3.8 24 6.7% 47 14 5 24 4.9 51 1.9 18 1.9 13 131 5.0 1.5 WB131 4 5 1 20 490918 5413590 193 421 365 99 62 15 2.9 19 5.1% 56 12 4 17 3.9 66 1.5 14 1.6 11 137 6.4 1.4 WB131 6 7 1 20 490918 5413590 193 656 567 149 96 23 4.2 27 4.8% 89 18 5 25 5.8 94 2.0 21 2.3 14 229 10.0 2.3 WB131 7 8 1 20 490918 5413590 193 533 458 117 73 18 3.4 23 5.0% 76 15 4 21 4.9 78 2.0 16 2.1 13 184 8.3 2.1 WB131 9 10 1 20 490918 5413590 193 207 154 41 26 6 1.0 8 4.2% 54 5 1 7 1.6 27 0.8 6 0.7 4 58 7.5 3.6 WB131 11 12 1 20 490918 5413590 193 237 177 51 33 8 1.3 9 4.4% 60 6 2 9 1.8 31 0.8 8 0.8 5 61 6.6 2.3 WB131 13 14 1 20 490918 5413590 193 160 111 34 22 5 0.9 6 4.3% 49 4 1 6 1.2 19 0.5 5 0.5 4 36 6.2 1.7 WB131 15 16 1 20 490918 5413590 193 209 159 46 29 7 1.3 8 4.5% 50 5 2 8 1.6 29 0.7 7 0.8 5 54 6.6 1.9 WB131 16 17 1 20 490918 5413590 193 186 137 43 28 7 1.1 7 4.3% 49 4 2 7 1.4 27 0.6 6 0.6 4 42 6.2 1.7 WB131 17 18 1 20 490918 5413590 193 213 157 47 31 7 1.2 8 4.2% 57 5 2 8 1.6 30 0.6 6 0.7 5 52 6.6 2.0 WB131 18 19 1 20 490918 5413590 193 226 166 45 28 7 1.3 8 4.2% 60 5 2 8 1.8 28 0.7 6 0.7 5 62 7.1 1.8 WB131 19 20 1 20 490918 5413590 193 242 181 50 32 8 1.3 9 4.3% 60 6 2 9 1.9 30 0.7 7 0.8 5 69 5.8 1.8 WB132 1 2 1 4 490575 5413545 205 126 91 26 17 4 0.7 4 3.9% 35 3 1 4 0.9 21 0.3 4 0.4 2 30 8.7 2.8 WB132 2 3 1 4 490575 5413545 205 159 113 34 22 5 0.9 6 4.4% 46 4 1 5 1.2 20 0.6 5 0.5 3 37 6.4 1.8 WB133 1 2 1 3 490608 5413734 214 81 58 17 11 3 0.5 3 4.2% 23 2 1 3 0.6 11 0.3 3 0.3 2 18 6.6 1.9 WB134 3 4 1 15 490558 5413945 206 43 26 9 5 1 0.2 2 4.3% 17 1 0 1 0.3 4 0.2 1 0.2 1 7 8.0 2.4 WB134 6 7 1 15 490558 5413945 206 136 97 32 20 5 0.8 5 4.6% 40 4 1 5 1.0 17 0.5 4 0.5 3 28 6.5 1.8 WB134 8 9 1 15 490558 5413945 206 554 201 70 46 11 1.6 11 2.3% 353 7 3 10 2.1 40 1.0 11 0.9 7 50 6.0 1.9 WB134 10 11 1 15 490558 5413945 206 379 205 62 38 9 1.9 13 4.1% 174 8 3 11 2.7 31 1.4 11 1.1 8 65 5.4 1.9 WB134 12 13 1 15 490558 5413945 206 547 480 117 73 17 3.5 24 5.0% 67 16 5 22 5.0 78 2.1 17 2.1 13 203 5.6 1.5 WB134 13 14 1 15 490558 5413945 206 373 292 79 50 12 2.1 14 4.4% 81 10 3 13 2.9 53 1.4 11 1.3 8 109 6.0 1.8 WB135 2 3 1 7 490591 5414156 208 576 290 83 51 13 2.4 16 3.2% 286 10 3 14 3.1 48 1.5 12 1.5 10 104 6.3 1.8 WB135 3 4 1 7 490591 5414156 208 821 629 221 151 38 4.8 28 4.0% 192 16 7 31 5.4 139 2.0 32 2.1 13 159 5.1 1.3 WB135 4 5 1 7 490591 5414156 208 1,065 904 274 180 42 7.2 45 4.9% 161 26 10 46 9.0 179 3.3 39 3.5 22 291 5.5 1.7 WB135 5 6 1 7 490591 5414156 208 849 710 213 140 32 5.4 35 4.8% 138 20 8 37 7.0 142 2.4 30 2.8 18 230 6.3 2.0 WB135 6 7 1 7 490591 5414156 208 498 410 101 63 15 3.0 20 4.7% 88 13 4 19 4.4 65 1.7 14 1.7 11 176 7.5 1.9 WB136 1 2 1 5 490808 5414190 222 555 270 77 51 12 1.9 13 2.6% 285 8 3 13 2.5 53 1.1 11 1.1 7 93 8.8 2.6 WB136 2 3 1 5 490808 5414190 222 633 342 112 75 18 2.4 16 2.9% 291 10 4 16 3.2 72 1.2 14 1.3 8 100 7.6 2.3 WB136 3 4 1 5 490808 5414190 222 309 214 62 41 10 1.6 10 3.8% 95 7 2 10 2.1 38 0.8 9 0.9 6 77 6.3 1.7 ASX release 22 January 2024 page 7 Dy+Tb Permanent Magnet REE "PerMag" Hole Hole From To Metres depth East ID (m) (m) (m) (m) Collar TREO TREO Perm North Ratio O t h e r R a r e E a r t h E l e m e n t s Radioactives Dy+Tb RL . (LiDAR) ppm Nd2O3 Pr6O11 Tb4O7 Dy2O3 CeO2 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Sm2O3 Tm2O3 Yb2O3 Y2O3 ThO2 U3O8 - CeO2 Mag TREO ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % WB137 1 2 1 8 490283 5413434 201 316 221 70 44 11 1.9 13 4.6% 94 7 3 11 2.4 39 1.0 10 1.1 7 69 8.4 2.7 WB137 2 3 1 8 490283 5413434 201 464 383 127 84 21 3.0 19 4.7% 81 11 4 19 3.6 77 1.5 18 1.5 10 110 7.5 2.0 WB137 3 4 1 8 490283 5413434 201 765 686 216 146 35 4.8 30 4.5% 78 17 7 34 6.2 144 2.1 32 2.3 15 211 7.4 2.2 WB137 4 5 1 8 490283 5413434 201 623 555 148 97 23 3.6 25 4.5% 68 16 5 26 5.4 98 2.0 20 2.1 13 220 7.1 2.1 WB137 5 6 1 8 490283 5413434 201 276 213 61 40 9 1.6 10 4.3% 64 6 2 10 2.1 37 0.9 9 0.9 6 77 6.7 1.7 WB137 6 7 1 8 490283 5413434 201 312 248 73 48 12 1.9 11 4.2% 64 8 3 12 2.4 46 1.0 11 1.0 6 85 6.6 1.9 WB138 2 3 1 10 490141 5413545 202 339 220 67 42 10 1.9 12 4.2% 119 8 3 11 2.6 38 1.1 9 1.0 7 73 8.3 2.4 WB138 3 4 1 10 490141 5413545 202 415 295 93 58 15 2.7 18 5.0% 120 11 4 16 3.6 48 1.4 15 1.6 11 91 7.0 1.9 WB138 4 5 1 10 490141 5413545 202 524 376 120 76 20 3.0 20 4.5% 148 13 5 19 4.0 74 1.6 17 1.6 11 110 7.4 1.9 WB138 5 6 1 10 490141 5413545 202 556 444 151 99 27 3.5 22 4.6% 112 12 6 22 4.3 97 1.5 23 1.6 11 115 6.9 2.0 WB138 6 7 1 10 490141 5413545 202 308 274 75 45 12 2.3 15 5.7% 34 10 3 14 3.2 46 1.3 11 1.2 8 102 6.7 1.7 WB138 7 8 1 10 490141 5413545 202 349 301 85 53 14 2.3 15 5.1% 49 9 3 16 3.0 61 1.2 12 1.2 8 102 6.7 1.7 WB138 8 9 1 10 490141 5413545 202 308 263 71 44 11 1.9 13 4.9% 45 8 3 13 2.7 49 1.0 10 1.0 7 98 6.1 1.7 WB139 2 3 1 26 490525 5413368 196 1,070 1,018 320 213 55 7.1 45 4.9% 52 26 11 51 8.6 239 2.6 42 3.2 19 295 5.5 0.9 WB139 3 4 1 26 490525 5413368 196 652 544 160 105 26 4.1 25 4.4% 108 15 6 26 4.9 122 1.6 21 1.9 11 174 6.4 1.4 WB139 4 5 1 26 490525 5413368 196 337 277 79 53 13 1.9 11 3.9% 60 6 3 14 2.1 70 0.6 11 0.7 4 87 5.5 0.9 WB139 5 6 1 26 490525 5413368 196 219 167 48 31 8 1.2 7 3.9% 52 4 2 8 1.4 37 0.5 7 0.5 3 55 5.4 0.9 WB139 6 7 1 26 490525 5413368 196 446 371 117 77 20 2.9 18 4.6% 76 10 4 18 3.6 77 1.3 17 1.4 9 111 6.3 1.3 WB139 7 8 1 26 490525 5413368 196 239 172 55 35 9 1.4 9 4.3% 67 5 2 9 1.6 35 0.5 8 0.6 4 52 5.4 0.9 WB139 8 9 1 26 490525 5413368 196 155 110 31 19 5 0.8 5 4.0% 45 3 1 5 0.9 30 0.4 4 0.4 3 32 6.0 0.9 WB139 9 10 1 26 490525 5413368 196 547 432 123 78 20 3.2 22 4.6% 115 14 4 21 4.3 80 1.8 18 1.8 12 152 5.5 1.1 WB139 10 11 1 26 490525 5413368 196 213 175 43 25 6 1.3 10 5.3% 38 7 2 8 2.1 26 1.1 6 1.0 7 73 5.7 1.1 WB139 11 12 1 26 490525 5413368 196 98 68 20 12 3 0.5 4 4.3% 30 2 1 3 0.7 13 0.5 2 0.4 3 23 5.8 1.3 WB139 12 13 1 26 490525 5413368 196 170 130 38 24 6 1.0 7 4.7% 40 4 2 6 1.3 26 0.6 5 0.6 4 42 6.0 1.3 WB139 13 14 1 26 490525 5413368 196 178 109 32 20 5 0.9 6 3.8% 69 4 1 5 1.1 21 0.5 5 0.5 3 35 5.9 1.3 WB139 14 15 1 26 490525 5413368 196 150 91 29 19 5 0.8 5 3.6% 58 3 1 5 0.9 18 0.4 4 0.3 3 26 6.0 1.5 WB139 15 16 1 26 490525 5413368 196 135 82 26 16 4 0.7 5 4.1% 52 3 1 4 0.9 15 0.4 4 0.4 3 25 6.2 1.3 WB139 16 17 1 26 490525 5413368 196 112 68 21 13 3 0.5 4 3.7% 44 2 1 3 0.8 13 0.4 3 0.3 3 21 6.1 1.4 WB139 17 18 1 26 490525 5413368 196 178 124 39 26 7 1.0 6 3.9% 54 4 1 7 1.1 24 0.5 5 0.5 3 38 6.1 1.8 WB139 18 19 1 26 490525 5413368 196 191 139 43 28 7 1.1 7 4.3% 52 4 2 7 1.4 27 0.5 6 0.6 4 43 6.1 1.8 WB139 19 20 1 26 490525 5413368 196 147 98 30 18 5 0.8 6 4.3% 49 3 1 5 1.1 19 0.4 4 0.5 3 31 6.0 1.6 WB139 20 21 1 26 490525 5413368 196 124 75 25 17 4 0.6 4 3.6% 49 2 1 4 0.7 14 0.4 4 0.3 3 21 5.5 1.5 WB139 22 23 1 26 490525 5413368 196 120 81 26 17 4 0.6 4 3.9% 38 2 1 4 0.8 18 0.4 4 0.3 3 22 5.1 1.5 WB139 24 25 1 26 490525 5413368 196 124 89 29 19 5 0.7 4 4.1% 35 2 1 4 0.8 18 0.4 4 0.3 3 26 4.4 1.0 WB140 3 4 1 18 490692 5413312 192 96 51 15 10 2 0.4 2 2.9% 45 1 1 2 0.5 12 0.2 3 0.2 1 14 13.9 3.0 WB140 4 5 1 18 490692 5413312 192 49 21 5 3 1 0.1 1 2.1% 28 1 0 1 0.2 5 0.1 1 0.1 1 6 13.6 3.9 WB140 8 9 1 18 490692 5413312 192 111 32 9 5 1 0.3 2 2.1% 79 2 0 2 0.5 6 0.3 1 0.2 2 10 20.1 5.7 WB140 9 10 1 18 490692 5413312 192 123 37 10 6 2 0.4 2 2.1% 86 2 0 2 0.5 7 0.4 2 0.3 2 12 16.4 4.5 WB140 10 11 1 18 490692 5413312 192 99 35 10 6 1 0.3 2 2.4% 64 2 0 1 0.4 7 0.2 2 0.2 2 11 12.6 3.0 WB140 12 13 1 18 490692 5413312 192 116 43 13 8 2 0.4 2 2.5% 73 2 0 2 0.5 7 0.4 2 0.3 2 14 10.9 3.0 WB140 14 15 1 18 490692 5413312 192 270 78 21 13 4 0.6 4 1.7% 192 3 1 3 0.7 22 0.5 3 0.4 3 21 9.9 3.2 WB140 16 17 1 18 490692 5413312 192 212 94 32 21 5 0.7 4 2.5% 119 3 1 4 1.0 21 0.4 5 0.4 3 24 9.3 2.9 WB141 1 2 1 34 490977 5413268 190 170 102 34 23 6 0.8 4 3.0% 68 3 1 5 0.8 23 0.5 5 0.4 2 28 9.1 2.7 WB141 2 3 1 34 490977 5413268 190 175 113 37 25 6 0.8 5 3.2% 63 3 1 5 1.0 24 0.5 5 0.5 3 31 10.9 3.6 WB141 4 5 1 34 490977 5413268 190 503 338 103 66 18 2.6 16 3.8% 165 9 4 17 3.1 68 1.3 15 1.2 8 109 11.9 3.7 WB141 6 7 1 34 490977 5413268 190 103 72 19 11 3 0.5 4 4.2% 31 2 1 3 0.8 16 0.5 2 0.4 3 25 11.3 3.1 WB141 8 9 1 34 490977 5413268 190 226 143 49 33 9 1.0 6 3.1% 82 4 1 6 1.1 36 0.6 6 0.5 4 35 12.6 3.4 WB141 11 12 1 34 490977 5413268 190 219 143 48 32 8 1.0 6 3.3% 76 4 1 6 1.2 34 0.6 6 0.5 3 38 11.9 3.1 WB141 14 15 1 34 490977 5413268 190 231 151 50 34 9 1.0 7 3.4% 80 4 2 7 1.4 34 0.5 6 0.5 4 41 11.7 3.0 WB141 17 18 1 34 490977 5413268 190 193 127 41 26 7 0.9 6 3.5% 66 4 1 6 1.1 28 0.6 5 0.5 4 37 10.1 2.8 WB141 20 21 1 34 490977 5413268 190 218 144 47 31 8 1.0 7 3.5% 74 4 1 6 1.3 32 0.6 6 0.5 4 41 10.6 3.3 WB141 23 24 1 34 490977 5413268 190 252 160 55 38 10 1.1 6 2.9% 92 4 2 7 1.3 40 0.5 7 0.5 4 39 12.5 3.3 WB141 25 26 1 34 490977 5413268 190 147 100 31 21 5 0.8 5 3.7% 47 3 1 5 0.9 15 0.4 5 0.4 3 35 3.8 4.2 WB141 28 29 1 34 490977 5413268 190 184 121 37 24 6 0.9 6 3.5% 63 3 1 6 1.2 27 0.6 5 0.5 3 37 8.5 4.1 WB141 31 32 1 34 490977 5413268 190 156 102 32 21 5 0.7 5 3.8% 54 3 1 5 0.9 23 0.3 5 0.4 3 28 10.7 2.9 WB142 1 2 1 20 491327 5413946 187 254 182 60 40 10 1.4 8 3.9% 72 5 2 9 1.7 38 0.7 8 0.7 5 52 12.4 3.4 WB142 3 4 1 20 491327 5413946 187 613 447 141 95 24 3.5 19 3.7% 165 12 5 23 3.9 81 1.3 18 1.5 9 151 11.7 3.1 WB142 5 6 1 20 491327 5413946 187 186 122 40 28 7 0.8 5 3.0% 64 3 1 5 0.9 30 0.5 5 0.4 3 33 10.9 2.7 WB142 7 8 1 20 491327 5413946 187 156 102 34 22 6 0.7 5 3.4% 54 3 1 4 0.9 24 0.4 5 0.4 3 27 9.4 2.6 WB142 10 11 1 20 491327 5413946 187 139 91 28 19 5 0.5 4 2.9% 49 2 1 4 0.7 24 0.3 4 0.3 2 25 7.2 2.0 WB142 12 13 1 20 491327 5413946 187 168 92 31 19 5 0.8 5 3.6% 76 3 1 5 1.0 18 0.5 4 0.5 3 25 10.1 3.1 WB142 14 15 1 20 491327 5413946 187 82 50 16 10 3 0.4 3 3.6% 32 2 1 2 0.5 10 0.2 2 0.3 2 15 9.2 2.6 WB142 16 17 1 20 491327 5413946 187 162 97 26 16 4 0.7 5 3.4% 65 3 1 4 1.0 21 0.5 3 0.5 3 34 7.4 2.4 WB142 18 19 1 20 491327 5413946 187 195 130 39 25 6 1.0 7 3.9% 64 4 1 6 1.3 23 0.8 6 0.7 5 42 6.9 1.8 WB143 1 2 1 11 491092 5414379 196 91 59 17 11 3 0.4 3 3.6% 32 2 1 3 0.6 13 0.3 2 0.3 2 18 9.0 2.2 WB143 3 4 1 11 491092 5414379 196 82 39 11 7 2 0.3 2 3.3% 43 2 0 2 0.5 6 0.6 2 0.3 3 13 7.2 1.8 WB143 5 6 1 11 491092 5414379 196 600 435 172 123 32 2.6 14 2.8% 165 7 5 20 2.5 128 0.8 22 1.0 7 69 8.0 2.2 WB143 7 8 1 11 491092 5414379 196 592 332 110 73 19 2.4 16 3.1% 260 11 4 15 3.4 65 1.5 16 1.6 11 94 6.2 2.2 WB143 9 10 1 11 491092 5414379 196 164 116 37 24 6 1.0 6 4.3% 48 4 1 5 1.3 21 0.5 5 0.6 4 37 5.4 1.5 ASX release 22 January 2024 page 8 Dy+Tb Permanent Magnet REE "PerMag" Hole Hole From To Metres depth East ID (m) (m) (m) (m) Ratio O t h e r R a r e E a r t h E l e m e n t s Collar TREO TREO Perm North RL . (LiDAR) ppm Dy+Tb Nd2O3 Pr6O11 Tb4O7 Dy2O3 CeO2 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Sm2O3 Tm2O3 Yb2O3 Y2O3 - CeO2 Mag TREO ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % WB144 1 2 1 15 490415 5414511 209 129 90 28 18 5 0.7 4 3.7% 39 3 1 4 0.9 20 0.4 4 0.4 3 27 WB144 3 4 1 15 490415 5414511 209 310 227 78 51 12 2.0 13 4.9% 83 8 3 12 2.6 34 1.3 11 1.2 8 68 WB144 5 6 1 15 490415 5414511 209 267 189 63 41 10 1.5 11 4.7% 78 6 2 10 2.1 31 0.9