Announcement PDF ASX Announcement Tuesday, 16 April 2024 Jupiter Drilling delivers more outstanding Clay Hosted REE intersections including up to 60 metres at over 2,000 ppm The Board of Venture Minerals (ASX: VMS) is pleased to announce the third and final batch of assay results from the recently completed Stage One, Resource definition drill program (See Figure 1) at the large-scale, clay hosted Jupiter Rare Earths prospect in Western Australia (See Figure 2). The latest drill results include some of the best intersections recorded to date including up to 60 metres at over 2000 ppm TREO1. In addition, the Stage Two Resource Definition Drilling Program, which includes approximately 250 drill holes, has now been completed, well ahead of schedule. Highlights • • • • • • • • Third batch delivers the 2nd, 3rd & 4th best drill intersections (BRAC044, BRAC047 & BBRC074) seen at Jupiter to date. Very high-grade results in BRAC047 including assays up to 26,958 ppm TREO. Stage Two Drill Program completed, well ahead of schedule with 246 Aircore holes drilled. Drilling continues to deliver consistent high-grade zones (+2,000ppm TREO) over 20-30m widths. High grade zones sit within broader zones up to 79 m grading well over 1,000 ppm TREO. Magnet Rare Earth Oxides (MREO2) average of 23% in intersections over +1,000 ppm TREO has been maintained. Thorium and Uranium remain consistently, extremely low. Results continue to validate the geophysics over the entire 40 km2 target (See Figures 1,3 to 5). Table One: Jupiter Drill Intersection Highlights (See Figure 1 and Tables 2 & 3 for full details) Hole No. BRAC044 BRAC047 BRAC052 BRAC053 BRAC056A BRAC057 BRAC064 BRAC065 BRAC067 BRRC074* Intersection(m) 60 39 40 50 37 50 24 42 37 79 TREO (ppm) 2,014 2,960 1,466 1,611 1,447 1,852 1,792 1,320 2,211 1,805 including 22 m @ 3,024 ppm 18 m @ 5,206 ppm 8 m @ 2,158 ppm 24 m @ 2,048 ppm 10 m @ 2,568 ppm 38 m @ 2,120 ppm 12 m @ 2,227 ppm 10 m @ 2,065 ppm 16 m @ 3,337 ppm 14 m @ 6,054 ppm incl 2 m @ 20,538 ppm * Drill intersection updated after additional assaying. Venture’s Managing Director commented, “Jupiter has continued to generate more outstanding clay hosted REE intersections including the second, third and fourth highest drill intersections at the project to date. With the final batch of assay results in from the Stage One program, the Company now looks forward to receiving the first batch of assays results from the recently completed Stage Two Program in the next 2 to 3 weeks.” “The Drilling Contractor and the Venture Exploration Team have done an excellent job in completing the Stage Two Drill Program well ahead of schedule and under budget, which affords Venture the opportunity to deliver a consistent stream of news flow over the next 2-3 months.” 1.TREO represents the sum of 14 Rare Earth Elements excluding Promethium plus Yttrium expressed as oxides. 2.MREO represents the sum of the Neodymium, Praseodymium, Dysprosium and Terbium expressed as oxides. Venture Minerals Limited | Level 2, 16 Altona Street, West Perth, Western Australia T: + 61 8 6279 9428 | F: + 61 8 6500 9986 | admin@ventureminerals.com.au | www.ventureminerals.com.au ASX - VMS Figure 1 | Jupiter 40 km2 target with drill hole locations and updated significant intersections on Bouger gravity 2.67 anomaly as defined by recent high resolution ground gravity surveying. For the marked east-west section lines please refer to Figure 5 for the drilling cross sections. Page 2 Figure 2 | Location Map of the Brothers REE Project with the Jupiter Target, in Western Australia Venture Minerals Limited (ASX code: VMS) (“Venture” or the “Company”) is pleased to announce the third and final batch of assay results from the recently completed Stage One, Resource definition drill program (See Figure 1) at the large-scale, clay hosted Jupiter Rare Earth Elements (“REE”) prospect at the Brothers Project, located in the Mid-West region of Western Australia (See Figure 2). The latest drill results include some of the best intersections recorded to date including up to 60 metres at over 2000 ppm TREO. In addition, the Stage Two Resource Definition Drilling Program, which includes approximately 250 drill holes, has now been completed, well ahead of schedule. Included in this third batch of assay results is the 2nd, 3rd & 4th best drill intersections (BRAC044, BRAC047 & BBRC074) seen at Jupiter to date. In addition, there are very high-grade results in BRAC047 including assays up to 26,958 ppm TREO. The Stage Two Drill Program was completed with 246 Aircore (“AC”) holes drilled for a total of 14,370 metres. This drill program will bring the drill density across the 40 km2 target to a 500 m x 250 m spacing that will provide the necessary data for a Maiden Resource estimate at Jupiter. The latest assay results from the drilling completed late last year continues to deliver consistent highgrade zones (+2,000ppm TREO) over 20-30 m widths, within broader zones up to 79 m grading well Page 3 over 1,000 ppm TREO with Thorium and Uranium levels remaining consistently extremely low. These results continue to validate geophysics over the entire 40 km2 Jupiter target. Assay results for 71 of the 78 (91%) drill holes received so far from the Stage One Resource definition drill program, have results >1,000 ppm TREO. These results are very similar to the results announced in the previous drill program of 25 RC drill holes at Jupiter (Refer to ASX announcement 29 November 2023). Magnet Rare Earth Oxides (MREO) average of 23% in intersections over +1,000 ppm TREO has been maintained. The MREO assays received so far from the Stage One Resource definition drill program include several over 1,000 ppm Nd2O3 (Neodymium) up to 3,824 ppm, and several over 300 ppm Pr6O11 (Praseodymium) up to 1,232 ppm, and several over 50 ppm Dy2O3 (Dysprosium) up to 674 ppm, and several over 10 ppm Tb2O3 (Terbium) up to 101 ppm. In addition, there are elevated levels of Samarium with several over 100 ppm Sm2O3 up to 389 ppm. The Brothers Project (including the Jupiter prospect) is well located in regional Western Australia (See Figure 2) away from any significant population centres but close to infrastructure with a nearby bitumen highway and gas pipeline on route to the major port of Geraldton 300 km away. Brothers is also only ~250 km from Iluka’s Eneabba Rare Earths Refinery to be in production in 2025 (Refer to ASX: ILU announcement “Eneabba Rare Earths Refinery – Final Investment Decision” 3 April 2022) and only ~520 km from Lynas Rare Earths currently operating Mount Weld Concentrator. As part of Iluka Resources Limited’s decision to build the Eneabba Rare Earths Refinery it had reached an agreement of a risk sharing arrangement with the Australian Government, including a non-recourse loan of $1,050 million plus a $200 million cost overrun facility under the Australian Government’s $2 billion Critical Minerals Facility, administered by Export Finance Australia. Iluka’s close collaboration with the Australian Government reflects the alignment of their commercial objectives for its rare earths business with the Commonwealth’s Critical Minerals Strategy. Lynas is currently commissioning its new Rare Earths Processing Facility in Kalgoorlie, on 22 July 2021, it announced that it was awarded a $14.8 million grant as part of the Australian government’s Modern Manufacturing Initiative’s Manufacturing Translation Stream for Resources Technology and Critical Minerals Processing. The grant was given to enable Lynas to commercialise an industry-first Rare Earth carbonate refining process. In addition, Lynas announced on the 3 August 2022 an ~$500m project to expand capacity at the Mount Weld mine and concentration plant to meet accelerating market demand for rare earth materials. The combined project clearly supports the Australian Government’s Critical Minerals Strategy and the Western Australian Government’s Battery and Critical Minerals Strategy. The substantial co-investment by two of Australia’s major mining companies with the Australian Government into the Rare Earths industry within the same region of Western Australia that Venture’s Brothers Project sits put it in an enviable position and provides the Company with significant commercial advantages should the project move towards development. Assay results from the Stage Two Resource definition drill program and mineralogical and metallurgical testwork, will determine the extent of the next phase of drilling at Jupiter and across the wider Brothers Project with either or both slimline RC drilling and AC drilling depending on drilling conditions and rig availability. Page 4 Figure 3 | Venture Mineral’s Brothers Project combined tenure on regional geology with total magnetic intensity image highlighting large interpreted alkaline intrusion and clay hosted REE mineralisation at the Jupiter target. Page 5 Figure 4 | Jupiter drill hole locations and updated significant intersections on total magnetic intensity (reduced to pole, NE sun) anomaly as defined by recent high resolution drone magnetic surveying. For the marked east-west section lines please refer to Figure 5 for the drilling cross sections. Page 6 Figure 5 | Updated Jupiter East-West Cross Sections 6853100mN, 6852100mN and 6850200mN from top to bottom. Page 7 Authorised by the Managing Director on behalf of the Board of Venture Minerals Limited. Yours sincerely Andrew Radonjic Managing Director The information in this report that relates to Exploration Results, Exploration Targets and Minerals Resources is based on information compiled by Mr Andrew Radonjic, a fulltime employee of the company and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposits 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 Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. About Venture Minerals Venture Minerals Ltd (ASX: VMS) has made a recent discovery at the Brothers REE Project including the Jupiter Clay Hosted Rare Earths Prospect. The Brothers Project includes the Iron Duke JV which hosts the Jupiter Prospect and is a potentially significant REE clay hosted discovery near Yalgoo in Western Australia. Brothers is well located to significant infrastructure including the port of Geraldton, Iluka’s Eneabba Rare Earths Refinery and Lynas Rare Earths currently operating Mount Weld Concentrator. The Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world’s largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed openpit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry. At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project. At the Company’s Golden Grove North Project, SensOre (ASX: S3N) (name changed to Premier1 Lithium ASX: PLC) is farming in whilst Venture retains the REE rights, the earn-in includes drilling of the Vulcan High Grade REE Target. SensOre’s proprietary AI technology has already highlighted lithium and copper exploration potential at Golden Grove North. The Company has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre-long Ni-Cu-PGE targets within the Kulin Project, whilst recent exploration has identified clay hosted REE targets. Contact details: Andrew Radonjic Managing Director Venture Minerals Limited Telephone: +61 (0) 8 6279 9428 Email: admin@ventureminerals.com.au Page 8 Table Two: Jupiter Stage One Resource Drilling hole locations and significant intersections. Hole No. BRAC040 BRAC041 Including BRAC042 BRAC043 including and BRAC044 including BRAC045 including BRAC046 BRAC047 including BRAC048 including BRAC049 including BRAC050 including BRAC051 including BRAC052 Including BRAC053 Including BRAC054 Including BRAC055 BRAC056 BRAC056A Including BRAC057 Including BRAC058 BRAC059 BRAC060 BRAC061 Including and BRAC062 BRAC063 BRAC064 Including BRAC065 Including BRAC066 Including BRAC067 Including BRRC030 Including East MGA Zone 50 GDA94 m 526996 529995 North MGA Zone 50 GDA94 m 6853100 6853089 EOH m From m To m 89 52 24 10 16 54 46 28 530999 530001 6853101 6854098 50 84 531010 6854098 76 531998 6854101 79 530004 531012 6855103 6855089 54 57 532002 6855087 53 529989 6856091 21 530994 6856105 66 523996 6851101 74 525013 6851108 65 526991 6851091 75 527989 6851092 76 529000 530000 529965 6851089 6851100 6851100 59 36 68 528997 6850205 73 526005 523992 528748 529247 6850212 6850213 6852092 6852089 72 96 70 69 528981 529492 528996 6854110 6854087 6855102 40 55 66 529007 6856095 56 528993 6856997 33 529951 6857010 61 529501 6852101 76 22 40 58 14 26 46 46 12 18 28 12 30 4 4 38 46 54 66 24 52 24 38 46 46 54 24 30 30 22 24 48 74 42 40 40 52 32 16 36 36 12 16 12 18 24 28 36 42 84 46 72 74 48 66 56 54 57 46 53 36 20 8 66 56 74 72 64 60 74 62 72 56 58 39 67 40 72 62 66 96 64 68 44 62 38 55 60 48 54 26 30 28 61 44 72 50 Interval m TREO ppm MREO ppm 30 36 12 0 62 6 14 60 22 20 10 42 39 18 41 6 16 4 28 10 20 6 40 8 50 24 26 10 4 15 37 10 50 38 18 22 22 28 4 10 6 39 24 12 42 10 18 10 37 16 36 8 1348 1633 2132 pending 1522 2330 2044 2014 3024 1393 2065 1145 2960 5206 1128 2154 868 1060 1291 2074 1031 1764 1466 2158 1611 2048 890 1019 2498 1433 1447 2568 1852 2120 1074 1377 1444 1849 4071 2356 1448 1217 1792 2227 1320 2065 1692 2284 2111 3377 1243 2448 304 433 575 399 549 529 412 635 284 426 301 479 764 296 602 232 281 334 583 185 328 316 517 404 517 193 225 400 343 342 634 407 459 216 238 345 354 748 452 360 321 442 557 297 413 335 414 479 739 252 409 MREO/ TREO Pr6O1 ppm Nd2O3 ppm Tb4O7 ppm Dy2O3 ppm 23% 27% 27% 69 85 113 223 324 434 2 4 5 11 21 21 26% 24% 26% 20% 21% 20% 21% 26% 16% 15% 26% 28% 27% 27% 26% 28% 18% 19% 22% 24% 25% 25% 22% 22% 16% 24% 24% 25% 22% 22% 20% 17% 24% 19% 18% 19% 25% 26% 25% 25% 23% 20% 20% 18% 23% 22% 20% 17% 81 116 104 86 126 66 98 59 113 179 58 116 48 58 78 134 45 79 70 113 87 109 44 51 101 70 73 134 86 97 50 54 73 83 178 104 74 62 89 114 61 87 75 93 106 166 274 92 296 403 396 308 480 209 315 224 353 564 218 449 174 211 248 436 133 236 232 382 298 383 143 165 292 256 254 474 297 335 158 176 257 263 556 337 271 243 332 417 221 309 244 299 353 545 186 301 4 5 5 3 5 1 2 3 2 4 3 6 2 2 2 2 1 2 2 4 3 4 1 1 1 3 3 4 4 4 1 1 3 2 3 2 3 3 4 4 3 3 3 4 4 5 2 3 18 25 25 15 25 8 12 16 12 18 17 31 9 11 7 12 6 11 12 19 16 21 6 3 6 14 14 23 21 24 7 7 13 7 11 10 12 13 18 21 13 14 14 19 17 24 8 14 Page 9 Hole No. BRRC031 including BRRC032 including BRRC033 and BRRC034 including BRRC035 including BRRC036 including BRRC037 BRRC038 including BRRC039 including BRRC040 BRRC041 BRRC042 BRRC043 BRRC044 BRRC045 including including BRRC046 including BRRC047 including BRRC048 including BRRC049 BRRC050 including BRRC051 including BRRC052* Including* BRRC053 BRRC054 BRRC055 including BRRC056 BRRC057 BRRC058 BRRC059 including BRRC060 BRRC061 including BRRC062 including BRRC063 BRRC064 East MGA Zone 50 GDA94 m 528490 North MGA Zone 50 GDA94 m 6852100 EOH m From m To m 87 527501 6852118 82 526504 6852099 52 525494 6852102 72 524498 6852103 54 530508 6852096 65 531506 530500 6852101 6851087 77 48 528501 6851093 36 527502 526498 525507 524499 523505 528491 6851110 6851108 6851123 6851111 6851104 6850211 48 58 36 89 40 72 527500 6850217 72 526497 6850204 73 525494 6850205 72 524499 528505 6850208 6853106 26 78 527498 6853106 90 526502 6853102 76 525503 528494 527500 6853100 6854100 6854101 48 53 67 526511 528495 527516 528501 6854107 6855106 6855109 6856101 40 23 57 46 56 62 50 64 26 48 12 46 36 40 34 54 60 32 36 26 30 34 38 30 12 32 36 36 36 30 40 42 42 26 32 12 54 54 48 58 30 42 28 30 42 42 32 86 74 82 78 34 52 72 50 48 46 60 60 76 48 44 32 32 36 42 36 84 40 72 64 50 72 62 72 54 60 36 26 78 70 90 62 60 46 30 42 60 48 38 38 6 24 52 46 42 527499 530516 6856097 6857003 54 31 530499 6856100 59 531499 530497 6856105 6855092 39 43 22 24 24 24 22 12 31 28 59 28 39 43 Interval m TREO ppm MREO ppm 30 12 32 14 8 4 60 4 12 6 26 6 16 16 8 6 2 2 4 6 72 8 36 28 14 42 22 30 12 34 4 14 24 16 42 4 30 4 2 12 18 6 6 0 14 40 18 0 9 4 35 4 17 31 3142 4673 1637 2313 1252 1344 1487 2046 1621 2215 1416 2843 1046 1224 1829 836 1379 879 637 639 1406 771 1991 2309 3297 1819 2070 1537 2326 1020 2415 1121 1599 2090 1161 2031 1069 2130 1154 1182 1103 2089 720 pending 908 1156 1006 pending 5020 9550 1471 3475 1119 1268 810 1355 405 602 260 426 350 427 346 475 260 361 203 313 497 91 133 159 123 120 357 150 473 547 766 438 499 345 504 254 660 249 419 555 244 458 228 356 253 145 248 435 163 MREO/ TREO Pr6O1 ppm Nd2O3 ppm Tb4O7 ppm Dy2O3 ppm 26% 29% 25% 26% 21% 32% 24% 21% 21% 21% 18% 13% 19% 26% 27% 11% 10% 18% 19% 19% 25% 19% 24% 24% 23% 24% 24% 22% 22% 25% 27% 22% 26% 27% 21% 23% 21% 17% 22% 12% 22% 21% 23% 175 293 87 126 61 81 76 91 80 109 60 76 47 75 118 21 30 39 28 29 73 38 94 108 150 89 101 73 109 53 126 52 81 107 55 102 45 64 64 35 51 94 35 611 1024 305 455 190 321 261 319 252 348 190 269 148 230 366 68 99 115 87 88 269 108 355 411 576 324 371 256 374 189 504 186 312 413 181 341 169 266 183 106 183 322 120 4 7 2 4 1 4 2 3 2 3 2 3 1 1 2 1 1 1 1 1 3 1 4 5 7 4 5 3 4 2 5 2 4 6 2 3 2 4 1 1 3 4 2 20 32 12 18 8 21 12 13 11 15 8 13 7 7 11 3 4 5 6 3 13 3 20 24 33 21 23 14 18 9 25 10 22 29 7 12 12 22 6 4 12 16 7 201 293 263 22% 25% 26% 44 59 53 148 220 198 2 3 2 7 12 11 1571 3157 340 766 185 291 31% 33% 23% 22% 17% 23% 378 760 71 171 44 60 1170 2354 254 569 135 216 5 9 3 4 1 2 19 34 13 22 5 12 Page 10 Hole No. East MGA Zone 50 GDA94 m North MGA Zone 50 GDA94 m EOH m 531501 530508 6855097 6854098 67 46 531513 6854102 94 530496 531507 6853095 6853089 61 77 BRRC070 BRRC071 BRRC072 including BRRC073 BRRC074* including and BRRC075 including BRRC076 including BRRC077 529002 528003 527011 6852104 6852109 6852121 46 85 91 525996 525004 6852095 6852097 84 99 528002 6850211 77 526997 6850201 67 524998 6850207 40 BRRC078 including BRRC079 BRRC080 including 530000 6852099 96 including BRRC065 BRRC066 including BRRC067 including BRRC068 BRRC069 From m To m Interval m TREO ppm MREO ppm MREO/ TREO Pr6O1 ppm Nd2O3 ppm Tb4O7 ppm Dy2O3 ppm 20 36 10 36 42 50 24 18 26 22 67 18 46 72 64 48 60 28 2 31 8 10 30 14 24 42 2 3069 1202 1233 3005 1354 2045 1265 1839 819 805 222 278 844 243 310 302 493 152 26% 18% 23% 28% 18% 15% 24% 27% 19% 168 51 63 166 56 72 62 104 38 606 163 203 628 180 230 226 366 110 5 1 2 9 1 2 2 4 1 26 7 10 42 6 8 11 18 4 36 34 36 54 20 80 84 84 56 66 99 94 48 50 20 12 79 14 3025 1722 2519 1092 1805 6054 706 409 570 237 440 1294 23% 24% 23% 22% 24% 21% 155 86 124 59 84 257 533 303 423 173 314 1056 3 3 4 1 6 27 15 16 20 4 37 174 84 36 50 40 42 6 86 77 64 67 54 40 2 41 14 27 12 34 20538 1521 2109 2633 4131 975 4805 318 465 606 997 248 23% 21% 22% 23% 24% 25% 742 69 98 137 230 51 3288 234 345 447 737 186 101 3 4 4 6 2 674 12 19 18 25 9 28 84 56 1607 367 23% 82 42 66 24 2060 511 25% 111 531001 6852090 41 26 30 4 1162 273 23% 57 529000 6853109 72 30 72 42 2154 511 24% 113 38 54 16 3324 783 24% 178 56 66 10 1042 275 26% 52 BRRC081 527999 6853103 66 Notes: Shaded intervals were previously reported. All co-ordinates MGA Zone 50 GDA94, all holes are vertical. 273 384 194 375 574 197 2 3 2 4 6 4 10 14 19 20 25 22 TREO represents the sum of 14 Rare Earth Elements excluding Promethium plus Yttrium expressed as oxides. MREO represents the sum of the Neodymium, Praseodymium, Dysprosium and Terbium expressed as oxides See Table Three for complete REE assay listing. BRAC041 & 043 and BRRC059, 062, 065, 067, 074 & 076 intersections have been updated after addditional assaying. Vast majority of intersections are made up of 2 m composite sample results except those marked as * where a miixture of 2 m and 6 m composite sample results are used. Page 11 Table Three: Jupiter Stage One Resource Drilling (Third Batch) REE, Th and U assays. Hole From m To m Interval m BRAC041 BRAC041 TREO ppm La2O3 ppm CeO2 ppm Pr6O11 ppm 6 8 2 178 39 76 9 8 10 2 356 87 141 18 BRAC041 10 12 2 1052 233 437 BRAC041 12 14 2 1701 345 695 BRAC041 14 16 2 1310 248 BRAC041 16 18 2 2266 420 BRAC041 18 20 2 2356 427 BRAC041 20 22 2 2488 BRAC041 22 24 2 BRAC041 24 26 2 BRAC041 26 28 2 BRAC041 28 30 BRAC041 30 32 BRAC041 32 BRAC041 Nd2O3 ppm Sm2O3 ppm Eu2O3 ppm Gd2O3 ppm Tb4O7 ppm Dy2O3 ppm Ho2O3 ppm 28 4.9 0.8 3.0 0.4 2.4 0.4 61 9.7 2.0 6.1 0.7 3.9 0.7 56 199 29.9 6.4 18.4 2.2 10.6 90 343 54.4 12.3 36.8 4.1 515 67 264 45.9 9.9 32.1 1039 121 433 55.9 12.5 34.5 1071 126 475 66.5 14.0 425 1162 137 511 71.1 1560 319 614 90 330 2334 387 979 117 466 1785 270 702 90 2 945 118 323 2 1493 249 578 34 2 1544 280 34 36 2 1508 BRAC041 36 38 2 BRAC041 38 40 2 BRAC041 40 42 BRAC041 42 BRAC041 BRAC041 Er2O3 ppm Tm2O3 ppm Yb2O3 ppm Lu2O3 ppm 1.2 0.2 1.4 0.3 2.2 0.3 1.9 0.3 1.6 4.1 0.5 2.6 20.8 3.0 7.1 0.8 3.7 18.7 3.2 7.9 4.0 18.9 3.2 7.5 40.4 4.7 21.2 3.3 15.0 42.7 4.8 21.4 3.3 49.2 10.8 31.5 3.7 17.6 73.2 17.4 53.2 6.6 33.5 393 66.4 13.3 39.3 4.8 40 176 31.3 7.2 21.0 76 317 60.1 11.8 38.7 648 78 297 54.3 11.1 244 624 77 290 56.0 1501 253 603 75 283 1545 224 586 72 271 2 1264 215 538 66 44 2 1330 238 565 44 46 2 1413 236 46 48 2 568 96 BRAC041 48 52 4 507 85 BRAC043 18 20 2 200 BRAC043 20 22 2 428 BRAC043 22 24 2 874 BRAC043 24 26 2 BRAC043 26 28 BRAC043 28 30 BRAC043 30 32 Y2O3 ppm Th ppm U ppm 13 20 1 23 18 2 0.3 51 19 3 5.1 0.7 84 23 2 0.9 6.2 1.0 89 21 2 1.0 5.3 0.8 110 24 2 7.4 0.8 4.2 0.5 96 23 3 8.2 0.7 4.0 0.5 83 26 3 2.8 6.6 0.8 4.1 0.5 80 24 4 5.7 14.4 1.9 10.9 1.5 167 30 8 25.7 4.8 13.2 1.7 9.8 1.0 151 22 5 2.8 17.1 4.2 14.7 2.2 14.0 1.7 173 15 3 4.2 21.1 3.6 9.8 1.2 7.5 1.0 114 22 6 37.8 4.1 19.7 3.4 8.3 1.0 7.2 0.9 93 21 5 11.6 38.4 4.2 21.7 3.8 10.7 1.2 7.8 1.0 117 16 4 52.1 11.6 38.6 4.8 24.0 4.2 11.5 1.4 9.3 1.1 128 18 4 49.8 10.7 41.0 5.4 30.2 5.9 17.9 2.4 16.2 2.5 211 16 5 240 41.9 8.3 27.6 3.2 15.6 2.7 7.7 1.0 5.9 1.0 91 17 5 69 254 44.0 9.3 28.1 3.3 16.8 2.8 7.5 0.9 5.5 0.7 85 16 4 589 76 283 47.9 10.1 31.8 3.8 18.5 3.3 8.4 1.0 6.5 0.8 97 16 5 234 29 108 18.9 3.5 13.3 1.5 7.9 1.6 4.0 0.6 2.9 0.4 47 21 4 203 24 94 17.6 3.6 11.8 1.5 7.9 1.4 4.4 0.6 3.8 0.5 47 25 4 59 80 10 31 4.4 1.0 2.7 0.4 1.9 0.3 0.9 0.1 0.9 0.1 8 40 3 126 185 22 60 8.9 2.0 5.3 0.6 3.0 0.5 1.3 0.2 1.0 0.1 14 42 3 243 343 46 150 23.2 4.9 14.2 1.7 7.5 1.4 3.2 0.4 2.4 0.3 34 50 3 437 136 149 26 79 11.5 2.5 7.0 1.0 4.1 0.6 1.7 0.2 1.1 0.2 19 35 2 2 406 141 114 26 79 12.4 2.2 6.6 0.9 3.7 0.6 1.4 0.2 1.1 0.1 18 31 2 2 784 223 166 55 199 32.8 7.1 20.1 2.6 12.6 1.9 4.8 0.6 3.1 0.4 56 27 3 2 787 195 193 52 196 31.6 7.8 22.8 2.7 13.3 2.1 5.6 0.6 3.0 0.4 62 27 3 Page 12 Hole From m To m Interval m BRAC043 32 34 2 BRAC043 34 36 2 BRAC043 36 38 BRAC043 38 40 BRAC043 40 BRAC043 TREO ppm La2O3 ppm CeO2 ppm Pr6O11 ppm 1785 426 479 120 2302 530 615 2 868 193 2 1507 317 42 2 2746 42 44 2 BRAC043 44 46 BRAC043 46 48 BRAC043 48 BRAC043 Nd2O3 ppm Sm2O3 ppm Eu2O3 ppm Gd2O3 ppm Tb4O7 ppm Dy2O3 ppm Ho2O3 ppm 457 75.1 15.9 46.6 5.5 25.4 3.8 153 602 100.2 20.5 61.9 7.8 33.5 309 52 184 31.0 6.7 20.5 2.4 624 85 298 47.7 10.8 33.0 3.6 636 1030 156 556 89.7 19.7 61.2 2238 419 1117 98 339 51.2 12.3 2 2005 399 971 94 312 47.1 2 1448 282 645 74 251 40.5 50 2 1519 304 717 73 250 50 52 2 1810 388 775 99 BRAC043 52 54 2 1305 284 586 BRAC043 54 56 2 1640 364 653 BRAC043 56 58 2 1482 327 600 BRAC043 58 60 2 1719 359 BRAC043 60 62 2 1854 394 BRAC043 62 64 2 1962 BRAC043 64 66 2 BRAC043 66 68 BRAC043 68 70 BRAC043 70 BRAC043 BRAC043 Er2O3 ppm Tm2O3 ppm Yb2O3 ppm Lu2O3 ppm 9.6 1.0 5.6 0.7 5.2 13.4 1.6 7.8 10.7 1.7 4.2 0.5 16.4 2.5 5.2 0.5 7.3 34.0 5.2 12.1 41.0 5.0 23.4 4.0 10.4 33.1 3.9 18.8 9.5 29.2 3.5 16.5 39.2 8.6 25.7 3.1 345 54.8 11.8 33.9 66 219 34.1 7.3 86 300 47.1 10.8 78 259 40.1 699 90 324 721 103 371 405 786 111 2370 364 1049 2 2417 364 2 2255 327 72 2 1733 72 74 2 74 76 2 BRAC043 76 78 BRAC043 78 BRAC043 BRAC043 Y2O3 ppm Th ppm U ppm 114 27 3 1.0 149 30 4 2.9 0.4 49 31 4 3.2 0.4 60 35 4 1.3 7.5 1.0 130 36 5 8.9 1.0 5.1 0.7 112 35 5 3.3 7.9 0.8 4.3 0.6 100 35 5 2.9 6.8 0.8 4.6 0.6 83 38 5 14.1 2.4 6.1 0.7 3.8 0.5 72 37 5 4.0 17.0 2.7 6.0 0.8 4.5 0.6 67 36 6 21.0 2.5 11.8 2.1 5.2 0.6 3.9 0.5 62 35 6 34.5 4.1 19.9 3.5 8.6 1.1 6.4 0.9 101 31 5 9.3 28.5 3.5 17.1 3.2 8.3 1.0 6.1 0.8 101 30 5 50.7 11.4 35.5 4.2 20.8 3.6 8.9 1.1 6.8 1.0 104 33 6 58.5 12.7 39.1 4.7 22.2 3.9 9.1 1.1 6.6 1.0 107 33 6 398 61.8 13.1 39.1 4.7 21.9 3.6 9.1 1.2 7.2 1.1 101 30 5 121 479 79.0 16.9 52.3 6.2 28.7 5.2 13.0 1.9 10.9 1.7 142 27 5 1141 113 444 72.4 15.9 50.7 6.0 29.2 5.2 13.7 2.0 11.8 1.8 147 29 5 1046 102 420 69.3 15.7 49.2 5.6 28.1 5.1 13.7 2.0 12.3 2.0 157 29 5 301 734 88 336 54.6 11.9 38.2 4.4 21.4 4.0 10.8 1.5 9.4 1.6 116 27 5 1418 251 589 72 271 44.2 10.1 31.8 3.8 18.3 3.3 8.9 1.2 7.6 1.3 105 26 6 1018 175 384 52 199 35.0 6.9 25.5 3.1 16.5 2.9 7.6 1.1 6.7 1.1 102 22 9 2 786 114 264 34 136 25.3 5.0 22.8 3.0 16.5 3.5 9.9 1.4 9.7 1.7 139 20 6 80 2 1022 181 424 54 207 32.9 7.3 22.2 2.6 12.7 2.2 5.5 0.7 4.5 0.7 65 17 3 80 82 2 1446 255 615 76 288 47.3 9.5 29.5 3.6 17.6 2.8 7.1 1.0 6.0 0.8 88 23 4 82 84 2 1228 219 522 64 241 41.1 7.9 25.5 3.0 14.5 2.5 6.3 0.8 5.1 0.7 76 21 3 BRAC044 6 12 6 57 13 21 2 9 1.5 0.3 1.2 0.1 0.8 0.2 0.4 0.1 0.6 0.1 6 11 1 BRAC044 12 14 2 115 36 37 6 21 2.9 0.6 1.8 0.2 1.3 0.2 0.7 0.1 0.6 0.1 8 14 2 BRAC044 14 16 2 676 246 190 47 145 16.9 3.3 7.6 0.8 3.8 0.6 1.1 0.1 0.8 0.1 14 21 1 BRAC044 16 18 2 1231 343 491 68 228 29.3 5.4 14.9 1.6 7.6 1.2 2.6 0.3 2.0 0.3 36 28 2 Page 13 Hole From m To m Interval m BRAC044 18 20 2 BRAC044 20 22 BRAC044 22 BRAC044 24 BRAC044 TREO ppm La2O3 ppm CeO2 ppm Pr6O11 ppm 2275 501 1135 95 2 2009 409 1024 24 2 1055 266 26 2 1175 248 26 28 2 2099 BRAC044 28 30 2 BRAC044 30 32 BRAC044 32 34 BRAC044 34 BRAC044 Nd2O3 ppm Sm2O3 ppm Eu2O3 ppm Gd2O3 ppm Tb4O7 ppm Dy2O3 ppm Ho2O3 ppm 319 43.0 9.2 31.7 3.9 20.0 3.4 87 300 44.0 8.7 29.1 3.4 16.5 494 52 164 21.8 3.9 11.7 1.4 537 61 214 31.1 5.9 16.9 2.1 421 1057 99 336 44.9 9.2 25.9 2.9 3788 611 1578 187 872 154.9 34.0 101.8 2 3559 558 1842 156 589 91.8 16.8 2 3740 489 2143 155 580 89.9 15.4 36 2 3123 435 1781 130 485 76.3 36 38 2 4894 552 3279 155 575 BRAC044 38 40 2 2811 326 1910 83 BRAC044 40 42 2 2570 452 1308 119 BRAC044 42 44 2 2040 412 1012 BRAC044 44 46 2 2518 490 BRAC044 46 48 2 2120 427 BRAC044 48 50 2 1704 BRAC044 50 52 2 BRAC044 52 54 BRAC044 54 56 BRAC044 56 BRAC044 BRAC044 Er2O3 ppm Tm2O3 ppm Yb2O3 ppm Lu2O3 ppm 8.2 1.0 5.8 0.7 2.7 6.0 0.7 3.5 6.6 1.0 2.5 0.3 10.1 1.6 3.7 0.5 14.1 2.4 5.2 11.5 53.2 7.2 60.2 7.3 36.0 54.5 6.5 32.1 13.1 43.7 5.0 88.6 17.6 54.0 312 47.7 10.6 449 67.7 14.8 96 343 47.9 1308 112 398 1077 94 337 317 923 70 2241 440 1162 2 2481 527 2 1698 298 58 2 1146 58 60 2 60 62 2 BRAC044 62 64 BRAC044 64 BRAC044 BRAC044 Y2O3 ppm Th ppm U ppm 99 43 2 0.5 75 30 3 1.8 0.3 28 38 3 2.6 0.3 42 25 4 0.6 3.4 0.5 78 36 4 15.3 1.7 9.2 1.0 150 30 3 5.8 14.0 1.6 9.0 1.0 170 32 6 5.0 11.9 1.5 8.0 1.1 148 27 12 23.4 3.6 9.0 1.0 5.7 0.9 110 34 10 6.2 29.0 4.4 10.0 1.2 6.9 0.9