Announcement PDF 1 August 2024 NIOBIUM TEST RESULTS ENHANCE YANGIBANA PROJECT POTENTIAL AS A MULTI-COMMODITY RARE EARTHS PROJECT HIGHLIGHTS • Hastings is expediting the investigation of including a niobium (Nb) circuit to its Yangibana Rare Earths Project to provide a multi-commodity recovery process stream • The potential for by-product credits from niobium in addition to Hastings’ primary focus on the rare earths elements’ (Nd, Pr, Dy, Tb) income stream • Niobium (Nb2O5) concentrations occur in the form of mineral ferro-columbite at the Yangibana Project over a 4-kilometre strike at the existing Simon’s Find and Bald Hill deposits. • The presence of niobium minerals is not limited to the Bald Hill – Simon’s Find trend. There are occurrences noted in all prospects of the Yangibana Rare Earths Project. • Importantly ferro-columbite has been shown to be mineralised extensively in the fenitised footand hanging wall of all intrusive ironstones. • Historical mineralised drill intersections at the Simon’s Find prospect, previously announced on 9 October and 22 November 2017, include: o • • 5.45m at 5.3% Nb2O5 from 27.55 metres (SFDD002 1) o 10m at 2.66% Nb2O5 from 7 metres (SFRC065 2) o 21m at 1.64% Nb2O5 from 34 metres (SFRC188) Additional mineralised drill intersections at the Simon’s Find prospect include: o 15m at 1.82% Nb2O5 from 61 metres (SFRC174). o 11m at 0.54% Nb2O5 from 24 metres (BHRC548) Niobium mineralisation is not limited to the Simon’s Find deposit with significant occurrences identified in drill chips at both the Bald Hill and Hatchett prospects, and in outcrops at the Yangibana and Yangibana South prospects. Mineralised drill intersections include: o o 12m at 0.47% Nb2O5 from 55 metres (BHRC550) 6m at 0.70% Nb2O5 from 17 metres (HARC005) • Initial metallurgical test work has now been completed on selected samples from Bald Hill South at the Yangibana Project. RC drill chips from four separate holes and intervals, BHRC543 62-63m, BHRC546 13-14m, BHRC550 64-65m, and BHRC551 47-48m were combined and blended in equal proportions into a composite feed. Using gravity separation followed by low intensity magnet separation, the initial test work recovered and concentrated the ferro-columbite to 16.88% Nb2O5 from a 0.87% Nb2O5 feed, a 19 times uplift of niobium grade. • Further metallurgical test work results and maiden Resource Estimate for niobium are expected by the end of Q3 2024. Refer to ASX Announcement ‘High Neodymium Praseodymium Ore Grade at New Targets,’ dated 9 October 2017 – previously reported intersection was limited to SFDD002 2 Refer to ASX Announcement ‘Final 2017 JORC Resource Update Including Auer & Auer North Results’, dated 22 November 2017 – previously reported intersections were drill holes SFRC007 – SFRC074 1 Page 1 of 29 Niobium is listed as a critical and strategic mineral, with significant market interest given its use in strengthening steel and in new generation Niobium-Lithium-Ion batteries reducing charging times whilst extending battery life (refer Appendix 1 for additional market information). Hastings Technology Metals Ltd (ASX:HAS) (“Hastings” or “the Company”) is pleased to announce the results of its successful initial metallurgical test work on niobium samples from the Company’s 100%owned Yangibana Rare Earths Project (“Yangibana Project”). The test work of material sourced from Bald Hill South demonstrated that finely crushed material (38 – 300 µm) was able to be upgraded to 30% ferro-columbite (from 0.87% Nb2O5 to 16.88% Nb2O5 at 46.6% Nb recovery) using a Wilfley shaking table followed by a Low Intensity Magnetic Separation (LIMS) stage. Metallurgical test work and Resource Estimates of niobium at Simon’s Find and Bald Hill is planned to determine how niobium by-product will be extracted from the Company’s Yangibana Rare Earths Project. Figure 1: Dr Louis Schurmann (left) and Ravi Reddy (right) Hastings Chief Geologist Dr Louis Schurmann said: “In parallel with our focus on developing the Yangibana Rare Earths Project, Hastings is committed to expanding the portfolio of minerals that can be produced at Yangibana. The confirmation of the presence of ferro-columbite mineralisation, together with initial test work demonstrating recoveries of ferro-columbite, provides us with strong initial data to determine and develop the viability of producing niobium from Yangibana.” Page 2 of 29 Niobium concentration The mineral ferro-columbite containing niobium occurs both within the ironstone hosting the monazite and fenite alteration proximal to the ironstone. Along strikes to the north, the niobium occurrences extend into the southern domain of the Bald Hill prospect. There is 4,000 metres of strike extent where niobium values are elevated. They have been drill tested up to 180 metres down dip. The presence of niobium minerals is not limited to the Bald Hill – Simon’s Find trend. There are occurrences noted in the ironstones of the Hatchett and Yangibana prospects. Importantly ferrocolumbite has been shown to be mineralised extensively in the fenitised foot- and hanging wall of all intrusive ironstones, creating significant opportunities for future exploration campaigns. Figure 2: The distribution of niobium occurrences at the Yangibana Project. Page 3 of 29 Figure 3: Plan of the Simon’s Find prospect providing geological context to the x-sections of this announcement. Also shown are the locations for the initial sighter test work sourced from 4 Bald Hill (south) drill holes. Figure 4: Long sections (A-A’ and B-B’) at Simon’s Find. Refer to Figure 3 for the spatial context. Page 4 of 29 Figure 5: Tabular prismatic grey-greenish crystals of ferro-columbite with tiny white hematite grains in a weakly banded, fine-grained quartzose matrix (Sample SFD002 (30.0 to 30.2m). Figure 6: Cross-section through the Simon’s Find deposit. Intercepts of the niobium mineralisation is shown in context to the rare-earth oxide mineral resources. Page 5 of 29 Figure 7: Photos of the sighter test work processing ferro-columbite ore over a Wilfley shaking table to generate a rough ferro-columbite concentrate. Figure 8: QEMscan image of coarse-grained ferro-columbite (green) within the concentrate streams generated in the initial sighter test work. Page 6 of 29 Table 1: Significant Drill Hole Intersections (where interval (m) x Nb2O5 (%) exceeds 10). Hole Id Easting Northing RL EOH (m) Dip Azimuth Depth from (m) Interval (m) Nb2O5 (%) SFRC188 430207 7353788 311 60 -60 56 34 21 1.64 SFDD002 430078 7353972 322 60 -60 60 27.55 5.45 5.30 SFRC174 430066 7353906 287 65 -60 55 61 15 1.82 SFRC188 430207 7353788 311 60 -60 56 34 21 1.64 SFDD002 430078 7353972 322 60 -60 60 27.55 5.45 5.30 SFRC174 430066 7353906 287 65 -60 55 61 15 1.82 SFRC065 430264 7353714 339 90 -60 60 7 10 2.66 SFRC083 430181 7353829 305 72 -60 56 43 17 1.14 SFRC084 430219 7353753 308 66 -61 59 37 19 0.99 SFRC168 430154 7353784 287 65 -61 55 62 15 1.23 SFRC189 430187 7353768 286 90 -61 61 56 29 0.62 SFRC086 430246 7353702 318 85 -60 57 27 14 1.27 SFRC085 430195 7353743 288 60 -59 58 64 11 1.50 SFRC080 430048 7353963 307 87 -60 58 41 11 1.44 SFRC175 430243 7353734 319 60 -60 55 27 16 0.86 SFRC079 429936 7353998 284 55 -60 55 68 7 1.77 SFRC173 430083 7353873 278 75 -60 53 75 10 1.23 SFRC165 430315 7353326 328 90 -60 59 20 10 1.22 SFRC187 430179 7353797 300 40 -61 59 47 17 0.70 SFRC074 429989 7354031 332 65 -60 60 0 31 0.38 SFRC180 430282 7353690 338 36 -60 56 5 14 0.82 SFRC247 429826 7354118 290 50 -61 58 53 9 1.21 SFRC134 430384 7352595 320 70 -60 91 23 19 0.56 SFRC205 430392 7352538 330 65 -61 89 14 16 0.65 Page 7 of 29 Authorised by the Board for the release to the ASX. FOR FURTHER INFORMATION CONTACT: Charles Lew Dr Louis Schurmann Executive Chairperson Chief Geologist +65 6220 9220 +61 8 6117 8656 Teck Lim Chief Financial Officer +61 8 6117 8659 MEDIA ENQUIRIES: Vince Catania GM Corporate +61 408 230 277 vince.catania@hastingstechmetals.com ABOUT HASTINGS TECHNOLOGY METALS LIMITED Hastings Technology Metals Limited is a Perth-based rare earths company focused on the development of its 100% owned Yangibana Rare Earths Project. Located in the Gascoyne region of Western Australia, the Yangibana Project contains one of the most highly valued deposits of NdPr in the world with an NdPr to Total Rare Earth Oxide ratio of up to 52% in some areas of the orebody. With an initial mine life of 17 years, the Yangibana Project will become a globally significant source of NdPr, a critical component in the manufacture of permanent magnets used in advanced technology products including electric vehicles, renewable energy, humanoid robotics, and digital devices. The Yangibana Project is fully permitted for immediate development and is well-timed to meet the forecast supply gap for rare earth elements accelerated by the growth in electric vehicles and wind turbines, both vital for the global energy transition. It will be developed in two stages with an initial focus on the construction of the mine and beneficiation plant to produce 37,000 tonnes per annum of mixed rare earth concentrate. Hastings continues to assess downstream processing opportunities including the development of a hydrometallurgical plant to capture more of the rare earth value chain. The Company holds a strategic 21.5% shareholding in TSX-listed Neo Performance Materials, a leading global rare earth processing and advanced permanent magnets producer, providing future optionality to explore the creation of a mine to magnet supply chain. Hastings recognises in its geological model and mine plan the potential of a multi-commodity recovery process stream which underpins the economic recovery of rare earth metals and associated minerals like ferro-columbite (niobium). For more information, please visit www.hastingstechmetals.com Page 8 of 29 COMPETENT PERSONS’ STATEMENT The information in this release relating to exploration results is based on information compiled by Competent Person, Dr Louis Schürmann. Dr Schürmann is a full-time employee of Hastings and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM; 308067). Dr Schürmann has sufficient experience relevant to the styles of mineralisation and types of deposits which are covered in this announcement and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results’. The scientific and technical information in this announcement and that relates to process metallurgy is based on information reviewed by Mr Scott Atkinson. Mr Atkinson is a full-time employee of Hastings Technology Metals Limited and member of the Australasian Institute of Mining and Metallurgy (AusIMM; 3056865) and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined by the JORC Code 2012. Mr Atkinson consents to the inclusion in this announcement of the matters based on their information in the form and context in which it appears. CAUTIONARY STATEMENT The exploration results have been prepared and reported in accordance with the 2012 edition of the JORC Code. There has been insufficient exploration to estimate a Mineral Resource for all target areas reported. It is uncertain if further exploration will result in the estimation of a Mineral Resource. FORWARD LOOKING STATEMENT This release contains reference to certain intentions, expectations, future plans, strategies and prospects of the Company. Those intentions, expectations, future plans, strategies and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers, or agents that any intentions, expectations, or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance, or achievements to be materially different from those expected, planned, or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategies and prospects. The Company does not warrant or represent that the actual results, performance, or achievements will be as expected, planned, or intended. The Company is under no obligation to, nor makes any undertaking to, update or revise such forward looking statements, but believes they are fair and reasonable at the date of this release. SCHEDULE 1: METALLURGICAL AND TEST WORK SUMMARY: Sample origin and assay RC drill chips from 4 separate holes and intervals, BHRC543 62-63m, BHRC546 13-14m, BHRC550 6465m, and BHRC551 47-48m were combined and blended in equal proportions into a composite feed. Composite feed Al2O3 (%) Fe2O3 (%) Nb2O5 (%) Nd2O3 (%) SiO2 (%) 13.08 12.74 1.02 0.03 59.04 Page 9 of 29 Composite feed size by assay Mass PRODUCT (g) Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (%) (%) %dist. (%) %dist (%) %dist. (%) %dist. (%) %dist. +2800µm 68.9 6.9 12.62 6.8 10.34 5.5 2.29 13.6 0.03 9.4 62.25 7.3 +1700µm 143.6 14.4 12.15 13.6 9.82 11.0 1.82 22.6 0.02 13.0 62.68 15.4 +850µm 144.1 14.5 12.91 14.5 9.52 10.7 1.40 17.5 0.02 13.1 62.68 15.4 +425µm 123.5 12.4 12.47 12.0 11.28 10.9 1.30 13.9 0.02 11.2 61.61 13.0 +212µm 121.3 12.2 11.98 11.3 14.44 13.6 0.92 9.6 0.01 5.5 59.90 12.4 +106µm 95.1 9.5 11.66 8.6 17.44 12.9 0.92 7.5 0.02 8.6 57.54 9.3 +75µm 40.9 4.1 11.70 3.7 17.44 5.6 0.90 3.2 0.02 3.7 56.47 3.9 +38µm 63.0 6.3 12.04 5.9 16.58 8.1 0.87 4.8 0.03 8.6 55.83 6.0 -38µm 196.6 19.7 15.38 23.6 14.13 21.6 0.43 7.3 0.03 26.8 51.55 17.3 Calc'd Head 997.0 100.0 12.88 100.0 12.87 100.0 1.16 100.0 0.03 100.0 58.81 100.0 Assay Head 13.08 12.74 1.02 0.03 59.04 Coarse fraction, particle size -3.35mm to +1.3mm Wilfley shaking table stage 1 run response: Mass PRODUCT Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. stream 1 339.6 3.65 10.1 3.38 19.9 8.13 8.91 20.8 0.10 17.0 48.3 2.78 stream 2 891.3 9.57 12.0 10.5 15.0 16.1 3.89 23.9 0.05 19.8 56.3 8.50 stream 3 2071.7 22.3 11.5 23.4 12.6 31.5 2.50 35.7 0.02 23.0 60.3 21.2 stream 4 1258.2 13.5 12.8 15.8 9.22 14.0 1.32 11.4 0.02 14.0 63.5 13.6 stream 5 870.2 9.35 13.4 11.4 6.73 7.06 0.47 2.83 0.01 4.83 66.1 9.75 stream 6 1235.3 13.3 13.3 16.2 5.90 8.78 0.36 3.04 0.01 6.85 67.0 14.0 Mids. & Tails 2644.3 28.4 7.41 19.3 4.55 14.5 0.13 2.34 0.01 14.7 67.4 30.2 Calc'd Head 9310.6 100.0 10.9 100.0 8.92 100.0 1.56 100.0 0.02 100.0 63.4 100.0 Page 10 of 29 Streams 1, 2, 3, and 4 from Wilfley shaking table stage 1 run were combined for feed to Wilfley shaking table stage 2 run: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. stream 1 97.3 2.33 8.35 1.63 24.0 4.43 13.5 11.2 0.21 12.1 41.9 1.65 stream 2 414.1 9.91 10.3 8.55 20.0 15.7 6.65 23.4 0.09 23.0 50.3 8.40 stream 3 974.3 23.3 10.7 21.0 16.9 31.1 4.69 38.8 0.06 33.8 54.3 21.4 stream 4 537.9 12.9 11.8 12.8 13.3 13.6 2.63 12.0 0.03 11.2 59.3 12.9 stream 5 282.8 6.77 12.2 6.92 11.5 6.17 1.54 3.71 0.02 3.92 61.6 7.03 stream 6 444.6 10.6 12.6 11.3 10.2 8.60 1.26 4.75 0.02 6.16 62.7 11.2 Mids. 1342.9 32.2 13.2 35.7 7.68 19.5 0.51 5.88 0.01 9.31 65.0 35.2 Tails 83.0 1.99 13.3 2.21 5.48 0.86 0.27 0.19 0.01 0.58 66.7 2.23 Calc'd Head 4176.9 100.0 11.9 100.0 12.6 100.0 2.82 100.0 0.04 100.0 59.3 100.0 Stream 2 from the Wilfley shaking table stage 2 run was separated with two magnetic intensities. Stream 1 from the Wilfley shaking table stage 2 run was lost in a sample prep error: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. Low Mag 52.2 16.8 2.12 3.50 40.6 33.7 46.6 15.5 0.05 9.93 4.98 12.2 High Mag 44.6 14.3 5.82 8.23 26.7 19.0 49.6 14.1 0.05 8.48 7.50 15.7 Non-Mag 214.5 68.9 13.0 88.3 13.9 47.3 51.3 70.3 0.09 81.6 7.17 72.1 Calc'd Head 311.3 100.0 10.1 100.0 20.2 100.0 50.3 100.0 0.08 100.0 6.85 100.0 Page 11 of 29 Medium fraction, particle size -1.3mm to + 0.3mm Wilfley Shaking table stage 1 run: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. stream 1 906.3 10.5 12.0 10.7 38.5 38.3 4.22 41.9 0.05 23.1 40.2 6.73 stream 2 1697.4 19.6 13.5 22.3 11.9 22.2 1.82 33.8 0.03 32.5 61.8 19.4 stream 3 2088.1 24.1 13.2 27.1 7.19 16.5 0.69 15.7 0.01 13.3 65.0 25.1 stream 4 769.9 8.90 13.7 10.3 7.09 6.00 0.43 3.62 0.01 4.91 64.6 9.18 stream 5 905.4 10.5 13.7 12.2 6.10 6.08 0.27 2.70 0.02 11.6 66.3 11.1 stream 6 638.1 7.38 1.27 0.79 5.16 3.62 0.14 1.00 0.01 4.07 67.2 7.91 Mids. & Tail 1645.1 19.0 10.4 16.7 4.05 7.32 0.07 1.29 0.01 10.5 68.0 20.7 Calc'd Head 8650.3 100.0 11.8 100.0 10.5 100.0 1.06 100.0 0.02 100.0 62.6 100.0 Streams 1, 2, and 3 from Wilfley shaking table stage 1 run were combined for feed to Wilfley shaking table stage 2 run: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. stream 1 38.8 0.89 1.72 0.13 77.5 4.78 6.41 3.41 0.07 2.40 10.6 0.16 stream 2 724.2 16.6 6.99 9.80 39.9 45.9 4.71 46.7 0.06 37.3 38.9 10.9 stream 3 1722.7 39.5 12.3 40.9 10.6 29.0 1.60 37.8 0.02 35.5 62.5 41.5 stream 4 524.6 12.0 13.2 13.4 7.99 6.66 0.73 5.25 0.02 10.8 64.8 13.1 stream 5 699.6 16.0 13.8 18.7 6.13 6.82 0.36 3.43 0.01 7.21 65.9 17.8 stream 6 331.0 7.58 13.7 8.78 6.46 3.40 0.37 1.69 0.01 3.41 65.5 8.35 Mids. & Tails 325.5 7.45 13.1 8.26 6.72 3.48 0.37 1.66 0.01 3.35 66.1 8.29 Calc'd Head 4366.4 100.0 11.8 100.0 14.4 100.0 1.67 100.0 0.03 100.0 59.4 100.0 Page 12 of 29 Streams 1 and 2 from the Wilfley shaking table stage 2 run were combined and separated with two magnetic intensities: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. Low Mag 176.0 27.4 0.77 3.20 85.2 55.2 2.06 11.3 0.02 11.1 11.5 8.52 High Mag 107.8 16.8 1.97 4.98 66.5 26.4 5.21 17.5 0.03 10.2 21.1 9.57 Non-Mag 357.8 55.8 10.9 91.8 14.1 18.5 6.39 71.2 0.08 78.8 54.3 81.9 Calc'd Head 641.6 100.0 6.63 100.0 42.4 100.0 5.01 100.0 0.06 100.0 37.0 100.0 Fine fraction, particle size -0.3mm to + 0.038mm Wilfley Shaking table stage 1 run: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. stream 1 927.0 9.77 1.23 1.00 80.6 49.0 5.39 60.5 0.07 23.2 7.74 1.31 stream 2 2107.7 22.2 10.3 19.1 18.3 25.3 1.26 32.1 0.05 35.2 58.0 22.4 stream 3 2393.9 25.2 13.5 28.3 4.85 7.61 0.10 2.90 0.02 20.0 67.4 29.5 stream 4 549.2 5.79 14.5 6.96 4.43 1.60 0.06 0.38 0.01 2.29 65.7 6.60 stream 5 787.4 8.30 14.9 10.3 5.02 2.59 0.06 0.55 0.01 3.28 65.2 9.40 stream 6 514.8 5.43 14.7 6.63 6.28 2.12 0.07 0.45 0.01 2.15 63.5 5.99 Mids. 1139.4 12.0 14.1 14.1 8.19 6.12 0.19 2.56 0.02 9.50 62.3 13.0 Tail 1067.7 11.3 14.6 13.7 8.02 5.62 0.04 0.55 0.01 4.45 60.5 11.8 Calc'd Head 9487.1 100.0 12.0 100.0 16.1 100.0 0.87 100.0 0.03 100.0 57.6 100.0 Streams 1, 2, and 3 from Wilfley shaking table stage 1 run were combined for feed to Wilfley Shaking table stage 2 run: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. stream 1 38.1 0.72 0.38 0.03 91.4 2.89 5.79 3.02 0.07 1.73 1.99 0.03 stream 2 792.5 15.1 0.79 1.16 86.6 57.0 5.48 59.4 0.06 30.1 4.98 1.39 stream 3 1520.4 28.9 9.41 26.5 22.4 28.3 1.65 34.2 0.05 46.2 54.3 29.1 stream 4 659.6 12.6 12.6 15.4 5.68 3.11 0.13 1.16 0.01 5.01 68.9 16.0 stream 5 404.2 7.69 13.2 9.86 4.96 1.67 0.07 0.40 0.01 3.07 68.7 9.79 stream 6 457.4 8.70 13.3 11.3 4.70 1.79 0.07 0.45 0.01 3.47 68.0 11.0 Page 13 of 29 Mids. & Tails 1383.0 26.3 14.0 35.8 4.52 5.19 0.07 1.35 0.01 10.5 67.0 32.7 Calc'd Head 5255.3 100.0 10.3 100.0 22.9 100.0 1.39 100.0 0.03 100.0 54.0 100.0 Streams 1 and 2 from the Wilfley shaking table stage 2 run were combined and separated with two magnetic intensities: PRODUCT Mass Al2O3 Fe2O3 Nb2O5 Nd2O3 SiO2 (g) % % %dist. % %dist. % %dist. % %dist. % %dist. Low Mag 296.6 41.8 0.47 25.7 96.8 46.7 1.02 7.76 0.01 7.12 3.19 28.0 High Mag 234.4 33.0 0.72 30.9 91.5 34.9 2.39 14.4 0.02 11.3 3.62 25.1 Non-Mag 179.0 25.2 1.32 43.4 63.2 18.4 16.9 77.8 0.22 81.6 8.88 47.0 Calc'd Head 710.0 100.0 0.77 100.0 86.6 100.0 5.47 100.0 0.07 100.0 4.76 100.0 SCHEDULE 2: SIGNIFICANT DRILL HOLE INTERSECTIONS WHERE Nb2O5 METAL (INTERCEPT X GRADE OF NIOBIUM PENTOXIDE) EXCEEDS 1. COORDINATES ARE IN MGA94, ZONE 50. Prospect Hole_id Easting Northing RL EOH Dip Depth_ Azimuth Intercept_m Nb2O5_pct 21 1.64 From Simons Find SFRC188 430207 7353788 31 60 Simons Find Simons Find SFDD002 430078 7353972 32 65 SFRC174 430066 7353906 28 90 Simons Find SFRC065 430264 7353714 33 72 Simons Find SFRC083 430181 7353829 30 66 Simons Find SFRC084 430219 7353753 30 Simons Find SFRC168 430154 7353784 28 Simons Find SFRC189 430187 7353768 Simons Find SFRC086 430246 7353702 Simons Find SFRC085 430195 Simons Find SFRC080 430048 Simons Find SFRC175 430243 Simons Find SFRC079 Simons Find SFRC173 Simons Find Simons Find Simons Find Simons Find -60 56 34 -60 60 27.55 5.45 5.30 -60 55 61 15 1.82 -60 60 6 12 2.24 -60 56 43 17 1.14 65 -61 59 37 19 0.99 90 -61 55 62 15 1.23 28 85 -61 61 56 29 0.62 31 60 -60 57 27 14 1.27 7353743 28 87 -59 58 64 11 1.50 7353963 30 60 -60 58 41 11 1.44 7353734 31 55 -60 55 27 16 0.86 429936 7353998 28 75 -60 55 68 7 1.77 430083 7353873 27 90 -60 53 75 10 1.23 SFRC165 430315 7353326 32 40 -60 59 20 10 1.22 SFRC187 430179 7353797 30 65 -61 59 47 17 0.70 SFRC074 429989 7354031 33 36 -60 60 0 31 0.38 SFRC180 430282 7353690 33 50 -60 56 5 14 0.82 Simons Find SFRC247 429826 7354118 29 70 -61 58 53 9 1.21 Simons Find SFRC134 430384 7352595 32 65 -60 91 23 19 0.56 Simons Find SFRC205 430392 7352538 33 60 -61 89 14 16 0.65 Simons Find SFRC245 429899 7354048 27 84 -87 79 53 22 0.45 Simons Find SFRC233 430166 7353724 28 110 -61 56 67 12 0.80 Simons Find SFRC131 430363 7352567 31 54 -60 90 27 22 0.43 Page 14 of 29 Prospect Hole_id Easting Northing RL EOH Dip Depth_ Azimuth Intercept_m Nb2O5_pct From Simons Find SFRC051 430199 7353843 332 36 -60 60 18 5 1.88 Simons Find SFDD200 429838 7354095 277 72. -90 0 55 17.2 0.50 Simons Find SFRC057 430040 7354019 343 30 -60 60 0 14 0.60 Simons Find SFRC050 430232 7353841 346 24 -60 60 0 8 1.04 Simons Find SFRC181 430237 7353683 331 30 -60 137 13 12 0.69 Simons Find SFRC185 430054 7353936 291 70 -61 60 59 11 0.73 Simons Find SFRC087 430206 7353675 334 60 -60 55 9 9 0.86 Simons Find SFRC243 429910 7353980 243 120 -88 66 94 15 0.50 Simons Find SFRC167 430158 7353756 282 100 -61 55 73 5 1.51 Simons Find SFRC182 430023 7353975 305 60 -60 55 42 12 0.60 Simons Find SFRC048 430256 7353760 326 42 -60 60 25 6 1.18 Simons Find SFRC030 430408 7352660 328 60 -60 90 18 10 0.70 Frasers FRRC272 429890 7351473 322 60 -61 99 34 5 1.39 Simons Find SFRC070 429632 7354360 334 18 -60 60 3 10 0.69 Simons Find SFRC242 429981 7353979 275 80 -90 84 65 11 0.61 Simons Find SFRC169 430125 7353765 289 110 -89 61 54 9 0.75 Simons Find SFRC082 430139 7353873 302 60 -60 55 51 5 1.30 Simons Find SFRC171 430125 7353825 284 110 -60 46 67 13 0.50 Simons Find SFRC123 430293 7352503 279 90 -60 90 74 9 0.70 Simons Find SFRC237 430050 7353845 266 100 -89 108 77 6 1.05 Simons Find SFRC153 430414 7352955 323 40 -60 91 29 4 1.56 Simons Find SFRC238 430034 7353879 264 105 -89 97 79 6 1.04 Simons Find SFRC076 430015 7354007 326 30 -60 60 19 11 0.56 Simons Find SFRC176 430219 7353720 300 75 -60 56 50 10 0.60 Bald Hill BHRC548 428934 7354810 317 40 -61 52 24 11 0.54 Bald Hill BHRC550 428926 7354782 291 90 -61 50 55 12 0.47 Simons Find SFRC090 430113 7353855 284 85 -61 61 68 9 0.61 Simons Find SFRC152 430399 7352928 309 57 -60 87 47 4 1.37 Simons Find SFRC014 430392 7352478 347 18 -60 90 0 8 0.68 Simons Find SFRC068 430043 7353987 331 48 -60 60 14 9 0.60 Simons Find SFRC170 430152 7353839 291 90 -60 55 60 14 0.39 Simons Find SFRC064 430174 7353850 311 72 -60 60 37 13 0.41 Simons Find SFRC040 430378 7352641 317 54 -60 90 29 11 0.48 Bald Hill BHRC148 428131 7356602 316 54 -90 0 46 3 1.73 Simons Find SFRC101 429819 7354140 299 50 -61 48 42 8 0.64 Simons Find SFRC075 429973 7354016 304 60 -60 64 42 10 0.51 Simons Find SFRC007 430434 7352829 343 18 -60 90 4 7 0.68 Simons Find SFRC059 430010 7354043 337 30 -60 60 5 13 0.35 Simons Find SFRC049 430233 7353812 328 40 -60 60 22 5 0.91 Simons Find SFRC246 429880 7354072 293 80 -59 62 48 16 0.28 Simons Find SFRC243 429908 7353980 256 120 -88 66 86 5 0.90 Bald Hill BHRC542 429066 7354696 299 56 -61 50 52 4 1.12 Simons Find SFRC139 430367 7352629 313 70 -60 86 37 5 0.89 Simons Find SFRC191 430370 7352595 322 105 -89 257 18 15 0.29 Simons Find SFRC035 430384 7352506 327 42 -60 90 19 13 0.33 Page 15 of 29 Prospect Hole_id Easting Northing RL EOH Dip Depth_ Azimuth Intercept_m Nb2O5_pct From Hatchett HARC005 424957 7354792 318 30 -60 134 17 6 0.70 Hatchett HARC008 424956 7354721 327 33 -60 90 3 9 0.47 Simons Find SFRC167 430162 7353759 275 100 -61 55 82 4 1.02 Bald Hill BHRC512 428954 7354793 309 60 -60 51 37 7 0.55 Simons Find SFRC240 429966 7353940 252 110 -88 37 90 7 0.54 Simons Find SFRC052 430154 7353882 325 42 -60 60 25 4 0.93 Simons Find SFRC055 430072 7354009 342 30 -60 60 6 8 0.47 Bald Hill BHRC599 428265 7356740 290 84 -89 95 75 3 1.24 Simons Find SFRC066 430123 7353910 315 67 -61 59 35 7 0.53 Simons Find SFRC166 430466 7353126 322 40 -60 90 28 6 0.61 Simons Find SFRC262 429728 7354205 270 100 -60 51 79 6 0.61 Bald Hill BHRC230 428281 7356624 330 42 -90 0 33 8 0.45 Simons Find SFRC109 429561 7354371 305 60 -60 47 38 11 0.33 Bald Hill BHRC546 429031 7354784 337 25 -61 49 6 8 0.44 TRB199 422760 7353831 326 15 -90 0 2 4 0.89 Simons Find SFRC092 429977 7354058 341 30 -59 56 0 12 0.29 Simons Find SFRC031 430396 7352610 338 66 -60 90 8 7 0.50 Simons Find SFRC069 429676 7354331 333 18 -60 60 6 6 0.59 Simons Find SFRC098 429893 7354080 311 70 -60 55 30 11 0.32 Simons Find SFRC054 430103 7353973 336 36 -60 60 12 6 0.58 Simons Find SFRC172 430079 7353831 295 100 -60 57 59 4 0.84 Simons Find SFRC249 429750 7354244 322 40 -59 52 21 9 0.37 Bald Hill BHRC532 429297 7354504 299 68 -61 50 52 3 1.07 Simons Find SFRC100 429828 7354161 323 30 -60 55 16 7 0.46 Simons Find SFRC244 429893 7354013 252 95 -90 207 88 5 0.63 Simons Find SFRC177 430195 7353704 312 85 -89 26 33 4 0.78 Bald Hill BHRC518 429150 7354652 321 60 -61 46 27 3 1.03 Bald Hill BHRC044 428231 7356551 345 34 -90 0 17 2 1.51 Simons Find SFRC104 429775 7354229 329 24 -60 49 12 8 0.38 Simons Find SFRC259 429561 7354391 320 45 -60 57 23 7 0.43 Hatchett TRB043 424544 7355241 331 15 -90 0 5 2 1.49 Simons Find SFRC183 430012 7353952 291 80 -60 55 61 12 0.25 Simons Find SFRC036 430389 7352563 336 48 -60 90 13 4 0.74 Simons Find SFRC209 430363 7352736 301 90 -60 84 50 8 0.36 Simons Find SFRC251 429780 7354163 280 90 -61 66 66 9 0.32 Simons Find SFRC186 430109 7353893 291 70 -60 55 64 3 0.95 Simons Find SFRC097 429917 7354097 325 50 -61 58 17 7 0.40 Bald Hill BHRC483 427950 7356551 287 85 -88 79 64 5 0.56 Bald Hill BHRC426 428320 7356091 328 27 -90 0 16 9 0.31 Simons Find SFRC015 430377 7352434 347