Investor Presentaiton slide image

Investor Presentaiton

• • Innouendy Rare Earth Elements - First assay results from the initial 1,128m of a 12,745m aircore and RC drilling program have been received and confirm the presence of thick and continuous rare earths mineralisation lying close to surface and indicating a potentially significant mineralised system Clays which host the mineralisation start close to surface and have been intersected up to 80m thick in parts. Step out drilling traverses have intersected the prospective horizon across a strike length greater than 10km Assays remain pending for a further 11,617m. The mineralisation assayed to date is showing encouraging grades over significant widths from close to surface. The drill program extends over a 20km area. Once all assays are compiled, a more expansive drill program will test the extent of this new discovery and move towards defining a resource. Encouragingly, 8m thick intercepts of greater than 1100ppm TREO are still encountered at the Cattle Yard nickel prospect ~4km to the southwest suggesting potential for significant lateral extent to the clay hosted mineralisation. Investor Presentation October 2022 7155000 7156000 7157000 7158000 7159000 7160000 7161000 7162000 7163000 7164000 7165000 7166000 7167000 71680007169000 457000 458000 459000 460000 461000 462000 463000 464000 465000 466000 Hole INAC027, 20m @ 2139 incl 4m @ 4376ppm TREO фосфосоросовес Innouendy Project Holes INAC069-083 000000do as GOOD 00000000000 DODD bo Holes INAC129-143 000 1000 (meters) 00000 00000000000000 000 oo hoog o 00000006 jopa op 000000 Cattle Yard Prospect 7 Holes previously reported including Hole INAC036, 9m@ 1605ppm TREO Hole INAC035, 7m @ 1515ppm TREO Hole INAC037, 20m@ 746ppm TREO Remainder awaiting assays 71690007168000 7167000 7166000 7165000 7164000 7163000 7162000 7161000 7160000 7159000 7158000 7157000 7156000 7155000 457000 458000 459000 460000 461000 462000 463000 464000 465000 466000 Figure 1. Assays reported from holes INAC 069-083 and INAC129-143 shown with white background (See Figure 2 for sections). Assays are pending for all other holes apart from the partial sampling previously reported. Background Image- Radiometric thorium count from airborne spectrometer. Primary minerals containing rare earth elements often contain thorium. Radiometric thorium, along with early time EM data, can be used in the targeting process to help identify thick clays with the potential for high-grade ionic rare earths. tals.com.au mm
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