Multiple New REE Exploration Targets Identified

• High grade MREO (>300ppm) horizontal layer identified in clay zone at Minos • Phase 1 Minos AC assay results expected end January 2023 Air Core drilling is underway at Minos (see ASX release dated 2 December 2022). The program has been designed to test a 5km long zone within the 10 km strike length already identified along the Lake Labyrinth Shear Zone northwest of Minos (Figures 3 & 4). Results