Investor Presentaiton

HIGH PRIORITY RARE EARTH TARGETS Voskop: High-grade zone (over 1.2km) High TREO results with some samples at ~1% TREO (average 0.42% TREO) HREOS & Yttrium Oxide comprise ~18.8% of TREO ~0.2% Niobium, Tantalum 0.045% High Zirconium grades with some samples >2% ZrO2 average 0.87% Drysdale: High-grade zone (over 1.4 km) High TREO results with some samples at ~1% TREO (average 0.28% TREO) HREOS & Yttrium Oxide comprise ~16.8% of TREO Niobium 1.7%, Tantalum 0.08%, Zirconium 3.17% Voskop Merino ARIES Romney Drysdale TREO Basket Distribution (From Aries MRE) La203 0.24 Sm203 0.02 Ce203 0.39 Gd203 0.02 Pr203 0.04 Tb203 0.00 Nd203 0.12 Dy203 0.02 Sm203 0.02 Y203 0.12 6 (EM)

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