REE Brazilian

ASX ANNOUNCEMENT
6 June 2024
ASX:BRE
Drill Results Confirm Ultra-High Rare Earth Grades at Sulista Project
▪ Ultra-high grade rare earth mineralisation discovered at the Sulista project, located ~80km southwest of
the Monte Alto project, with rare earth grades of up to 22.4% TREO1
▪ Exceptional REE-Nb-Sc-U grades of up to 39,770 ppm NdPr1, 1,579ppm DyTb1, 4,821ppm niobium,
241ppm scandium and 2,422ppm uranium
▪ Angled diamond drill hole JITDD0001 intersected 12.3m at 12.5% TREO at ~40m below surface with
22,175ppm NdPr, 906ppm DyTb, 200ppm Sc2O3, 2,547ppm Nb2O5 and 1,309ppm U3O8
▪ Grab samples from numerous hard rock outcrops across the Sulista project returned grades of up to
18.9% TREO, 37,345ppm NdPr, 2,634ppm DyTb, 5,458ppm Nb2O5 and 1,486ppm U3O8
▪ The first phase diamond drill program and outcrop sampling at the Sulista project confirms that high grade
REE-Nb-Sc-U mineralisation repeats along the strike of the Brazilian Rare Earths province
▪ Additionally, the re-assay program of historical auger drill holes at the Sulista project confirmed large areas
of shallow and high-grade monazite sand mineralisation with grades of up to 8.5% TREO
▪ The potential scale of the monazite sand mineralisation at just the Sulista Eastern Zone is comparable in
scale to the Monte Alto deposit, and the combined scale of all monazite sand exploration targets at Sulista
is over 10x larger than the Monte Alto project area
Figure 1: Sulista project location and relative size
Note 1: TREO = Total Rare Earth Oxides; NdPr = Nd2O3 + Pr6O11; DyTb = Dy2O3 + Tb4O7
www.brazilianrareearths.com Level 1, 139 Macquarie Street

[email protected] Sydney NSW 2000
+ 61 (0) 2 7208 8033
Brazilian Rare Earths’ MD and CEO, Bernardo da Veiga commented:
“This new discovery of ultra-high grade REE-Nb-Sc hard rock mineralisation at the Sulista project confirms that
we have an exceptional province scale exploration opportunity. The Sulista discovery is located nearly 80km
southwest of Monte Alto, near the southern end of the mineralised Volta do Rio Plutonic Suite trendline that runs
down the extensive 180km spine of BRE’s rare earth province.”
Brazilian Rare Earths Limited (ASX: BRE) (BRE) confirms the discovery of ultra-high grade REE-Nb-Sc-U
mineralisation with diamond drilling at the Sulista project, located ~80km southwest of the Monte Alto project.
Sulista is a district-scale exploration project with a total tenement package over 10x the size of the Monte Alto
project and a total exploration area of ~10km by ~5km. The first phase of BRE’s exploration program recorded
a wide range of outstanding exploration results, including ultra-high grade rare earth grades from diamond
drilling, high-grade REE-Nb-Sc-U hard rock outcrops, intense geophysical anomalies and high-grade shallow
monazite sand mineralisation.
The high-grade rare earth mineralisation at Sulista is contained within the stratigraphy of the Volta do Rio Plutonic
Suite (VRPS), a provincial scale magmatic system that also covers the Monte Alto, Velhinhas and Pelé projects.
The new exploration results indicate that the mineralised stratigraphy repeats across extensive zones over a
SSW trend magnetic anomaly that runs through the Sulista project area.
The Sulista project was previously drilled for rare earth mineralisation by the vendors that conducted an
extensive, but shallow, auger drilling program (average drill holes ~10m deep), and a series of diamond drill holes
in the Northern Zone of the project area.
Since acquiring the Sulista project in February 2024, BRE has completed an initial confirmatory diamond drilling
program in the Northern Zone, twinned to the historical drill holes, and a re-assay program over a significant
series of the historical shallow auger drill holes.
Sulista Northern Zone

At the Sulista Northern Zone, a highly prospective exploration corridor of ~1km has been defined using a range
of exploration pathfinders, including geophysics, new diamond drilling and the re-assay of shallow historical
auger drill holes.
The historical diamond drill holes at the Sulista Northern Zone were drilled at shallow angles and these were
‘twinned’ with two new BRE diamond drill holes, JITDD0001 and JITDD0002 (see Figure 2). The new drill holes
intersected REE-Nb-Sc-U mineralisation at ~40 and ~75 metres below the surface respectively. From surface,
these drill intersections define a significant panel of potential mineralisation with a projected down dip extent of
~100m.
High-grade REE-Nb-Sc-U mineralisation was intersected perpendicular to the plane of the mineralised cumulate
body, which dips at ~50 degrees to the east-southeast. Reported down hole intercept thickness is interpreted to
represent the true thickness.
Drill hole JITDD0001 intersected high-grade REE-Nb-Sc-U mineralisation ~40m below surface:
▪ 12.3m at 12.5% TREO from 102.5m with 22,175 ppm NdPr, 905ppm DyTb, 199ppm Sc2O3, 2,547ppm
Nb2O5 and 1,309ppm U3O8 (JITDD0001)
Drill hole JITDD0002 intersected mineralisation ~75m below surface and assays for this hole are pending. An
exploratory drill hole, JITDD0003, was also drilled to the west of the main mineralised trend and returned no
significant intercepts. The diamond drillhole information, significant intercepts and full REE-Nb-Sc-U assays are
provided in Appendix C.
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Around the diamond drill hole collars, there is a potential ~100m strike of high-grade REE-Nb-Sc-U mineralisation
and a series of hard rock outcrops were discovered that returned assay grades up to 18.9% TREO (R874).
▪ 18.9% TREO: 37,345ppm NdPr, 2,382ppm DyTb, 3,640ppm Nb2O5 and 1,236ppm U3O8 (R874)
High-grade REE-Nb-Sc-U mineralisation is open to the north-northwest, along the potential ~1km mineralised
strike, and currently extends to a large REE-Nb-Sc-U mineralised outcrop that returned a sample assay of 10.8%
TREO (R875).
▪ 10.8% TREO: 18,138ppm NdPr, 1,119ppm DyTb, 5,266ppm Nb2O5 and 1,486ppm U3O8 (R875)
Figure 2: Sulista Northern Zone – Diamond drilling, outcrops and geophysical surveys
It is noteworthy that the airborne geophysical anomaly over the Sulista Northern Zone is moderately weak in
comparison to the intense geophysical signature over the Monte Alto project. The Sulista discovery highlights
the potential for high-grade REE-Nb-Sc-U mineralisation along the full trendline of the VRPS, and not only limited
to areas with strong geophysical signatures, as airborne and ground geophysical surveys are useful down to
~60cm of depth.
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This confirmed discovery from initial diamond drilling expands the potential exploration target area for ultra-high
grade REE-Nb-Sc-U mineralisation to the full 160km strike of the Rocha da Rocha Rare Earth Province. BRE
moved quickly to consolidate this new rare earth province with rapid pegging of vast areas of exploration
tenements, and via executing a series of important acquisitions including the Sulista project. BRE now controls
a dominant position of over ~4,000km2 of exploration tenements that cover the majority of the VRPS trendline
(Figure 1).
The VRPS is hosted within the Archean age ‘Jequie Complex’ and is the key exploration target zone for ultra-
high grade REE-Nb-Sc-U mineralisation. The VRPS is distinguished by a bi-modal formation of light coloured
granite gneiss and REE-Nb-Sc-U cumulate mineralisation. The high-grade REE-Nb-Sc-U cumulate appears to
be layered within the province scale VRPS trendline and most likely formed via the separation process of the
parent magma. This layering, and distinct contact boundaries, are visible in diamond drillhole JITDD0001 below:
Figure 3: Diamond drill core from JITDD0001 with REE-Nb-Sc-U mineralisation
The highest grade REE-Nb-Sc-U intercept in drillhole JITDD0001 was from 106m to 107m (~40m below
surface). This one metre assay returned an ultra-high grade of 22.4% TREO, with 39,770ppm of NdPr,
1,579ppm of the heavy rare earths DyTb, 4,821ppm of niobium, 241ppm scandium and 2,422ppm uranium.
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Figure 4: Outcrop R874 – Surface outcrop of REE-Nb-Sc-U near JITDD0001
Figure 5: Outcrop R875 – Sulista Northern Zone
Sulista Western Zone

As can be seen in Figure 1 (page 1), the high-grade mineralisation across the Sulista Northern Zone may be
linked to the far larger and highly prospective Sulista Western Zone. This larger exploration area has wide-spaced
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historical auger drilling, and many of these shallow auger holes intercepted +1% TREO mineralised zones that
are associated with monazite sands. The successful discovery of the Monte Alto project demonstrated that
grades of +1% TREO from auger drillholes are an excellent pathfinder for deeper high-grade REE-Nb-Sc-U hard
rock mineralisation.
The historical widely spaced exploration auger drill program at Sulista was limited by shallow drill holes to ~10
metres depth. In many instances, these historical drill holes were too shallow to penetrate the depleted rare earth
mottled zone that has deep weathering. The mineralised auger drill intercepts are typically open at depth and
the next phase of priority exploration at Sulista will extend the drilling horizon into the potentially highly
prospective regolith zone. A complete list of historical auger drillholes is provided in Appendix D.
Significant historical auger drill intercepts across the Western and Northern Zones include:
▪ 3m at 1.6% TREO from 9m, with 2,094ppm NdPr and 141ppm DyTb, within:
12m at 0.6% TREO from surface, with 622ppm NdPr and 41ppm DyTb (JITAUG00071, open at
depth)
12m at 0.3% TREO from surface, with 906ppm NdPr and 46ppm DyTb (JITAUG00089, open at
depth)
10m at 0.3% TREO from surface, with 853ppm NdPr and 71ppm DyTb (JEQ_CA_AUG00251, open
at depth)
Sulista Eastern Zone

The Sulista Eastern Zone is a high priority exploration area for high-grade monazite sand that currently has a ~
800m by ~350m target area with +1% TREO mineralisation. This exploration area is comparable in scale to the
current size of Monte Alto surface deposit which, at this point, has a shallow high-grade monazite sand mineral
resource estimate of 25.2 Mt at 1.0% TREO2. As with the Monte Alto project, this exploration area has high
potential for ultra-high grade REE-Nb-Sc-U hard rock mineralisation below the monazite sand mineralisation near
surface.
Most of the historical auger drill holes across the Sulista Eastern Zone were limited to ~10 metres depth and
mineralisation remains open at depth. A panned concentrate was produced from auger drill hole
JEQ_CA_AUG00007 and contained coarse grained monazite sand.
Importantly, the Sulista Eastern Zone has extensive high-grade REE-Nb-Sc-U hard rock outcrops and boulders
across the priority exploration target area. These hard rock outcrops are analogous with the Monte Alto project
and ground reconnaissance secured 30 grab samples of weathered mineralisation (Figure 6) which returned
significant rare earth assays of up to 16.5% TREO, including:
▪ 16.5% TREO, 32,087ppm NdPr, 2,264ppm DyTb, 179ppm Nb2O5 and 441ppm U3O8 (R872)
Note 2: Refer End Notes for further information regarding previously reported JORC Mineral Resource Estimate
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▪ 10.8% TREO, 18,138ppm NdPr, 1,119ppm DyTb, 5,266ppm Nb2O5 and 1,486ppm U3O8 (R875)
▪ 9.3% TREO, 18,039ppm NdPr, 732ppm DyTb, 19ppm Nb2O5 and 104ppm U3O8 (R870)
Figure 6: BRE geophysics team conducting gamma spectrometry on hard rock outcrops surrounding auger hole
JEQ_CA_AUG00007
The high-grade monazite sand at the Sulista Eastern Zone is defined by historical auger holes containing
significant intercepts of +1% TREO mineralisation and intense airborne and surface radiometric anomalies
occurring along an ~800m long northeast-oriented corridor (Figure 7).
At the centre of this exploration area, historical auger hole JEQ_CA_AUG00007 intersected monazite in saprolite
mineralisation with 2m at 8.5% TREO from 6m of depth. This mineralisation is interpreted to be a weathered
expression of a potential deeper high-grade REE-Nb-Sc-U cumulate mineralisation that outcrops ~30m to the
east. Hard rock outcrop and boulder samples recorded assay grades that averaged 7.5% TREO and are located
along a north-south-oriented trendline that is open along strike (Figure 7).
The discovery of high-grade rare earth mineralisation from outcrops and historical auger drilling provides a well-
defined REE-Nb-Sc-U target horizon for high priority diamond drilling (Figure 8). As at Monte Alto, the presence
of monazite sand across a broad ~350m wide exploration corridor, with multiple intense surface gamma
anomalies, suggests that more than one target horizon is present.
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Figure 7: Sulista Eastern Zone
Figure 8: Cross-section of the Sulista Eastern Zone
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Significant auger drill intercepts at the Sulista Eastern Zone include:
▪ 2m at 8.5% TREO from 8m, with 15,400ppm NdPr and 1,342ppm of DyTb, within
4m at 6.0% TREO from 6m, with 11,222ppm NdPr and 990ppm DyTb, within:
10m at 2.7% TREO from surface, with 5,011ppm NdPr and 441ppm DyTb
(JEQ_CA_AUG00007 - open at depth)
20m at 0.5% TREO from surface, with 870ppm NdPr and 41ppm DyTb (JEQ_CA_AUG00008 -
open at depth)
open at depth)
10m at 0.5% TREO from surface, with 1,335ppm NdPr and 64ppm DyTb (JEQ_CA_AUG00151
- open at depth)
open at depth)
Sulista Southern Zone
The Sulista Southern Zone is a large scale, extensively mineralised area with a current exploration target area
that is approximately 5km long and up to 0.5km in width. The Southern Zone is covered by a moderate-to-
intense geophysical anomaly that runs along a NNE-orientated trendline. As a comparison of the relative size of
the Sulista Southern exploration area, the Monte Alto project has a target area of approximately 1km by 0.4km.
BRE exploration field teams completed a range of surface prospecting activities including mapping and outcrop
sampling at the very southern end of the Southern Zone project area, where REE-Nb-Sc-U mineralisation was
discovered in large-scale bedrock that was outcropping along a road cutting (Figure 9). Four mineralised grab
samples collected from this large outcrop area returned significant assay grades of:
▪ 8.6% TREO, 14,258ppm NdPr, 951ppm DyTb, 5,458ppm Nb2O5 and 1,479ppm U3O8 (R876)
▪ 4.6% TREO, 8,465ppm NdPr, 585ppm DyTb, 1,339ppm Nb2O5 and 501ppm U3O8 (R569)
The REE-Nb-Sc-U mineralisation is characterised by intercalated bands of rare earth minerals within a quartz-
rich granite gneiss, and this type of mineralisation is distinct from the darker coloured ultra-high grade REE-Nb-
Sc-U discovered in Sulista drillhole JITDD0001, the ultra-high grade Monte Alto diamond drill intercepts, and in
other locations across BRE’s rare earth province. That said, the similar profile of rare earth and critical minerals
present suggests this REE-Nb-Sc-U accumulation is a component of the same provincial scale mineral system.
As seen below in Figure 9, the large horizon of mineralisation is visibly more weathered than the fresh rock
samples of REE-Nb-Sc-U and potentially more lateritic in nature.
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Figure 9: Outcrop R876 – Sulista Southern Zone
The Sulista Southern Zone was extensively drilled by the vendor with shallow auger drill holes at wide spacing
along a ~5km mineralised trendline. As with the auger drilling at the Sulista Western Zone (and the Rio Tinto
auger drilling across the vast Pelé project area), this widely spaced auger drill program was limited by the shallow
drill hole depth which averages ~10 metres in depth. This drill hole depth is unlikely to penetrate the depleted
rare earth mottled zone that has experienced deeper weathering. The mineralised drill intercepts at the Sulista
Southern Zone are frequently open at depth and the next phase of priority exploration will focus on testing the
highly prospective deeper regolith zone.
Significant auger intercepts at the Sulista Southern Zone include:
▪ 3m at 1.6% TREO from 12m, with 3,372ppm NdPr and 232ppm, within
15m at 0.5% TREO from surface, with 899ppm NdPr and 64ppm DyTb (JITAUG00283 - open
at depth)
▪ 1m at 1.1% TREO from 3m, with 2,230ppm NdPr and 203ppm DyTb, within
4.5m at 0.4% TREO from 3m, with 611ppm NdPr and 56ppm DyTb (JITAUG00323)
▪ 1m at 1.6% TREO from 12m, with 2,590ppm NdPr and 155ppm DyTb, within
8m at 0.4% TREO from 7m, with 559ppm NdPr and 35ppm DyTb (JITAUG00362 - open at
depth)
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Acquired Project Database - Sulista
The previous operators completed ~5,000 metres of auger drilling across 499 holes and ~1,000 metres of
diamond drilling.
All auger holes were drilled vertically using the same drilling equipment used by BRE. Holes were drilled on a
regular grid at ~200m spacings, covering the more intense airborne geophysical anomalies, with local infill drilling
to a diamond-style pattern at ~150m spacings. Auger holes averaged ~10m in depth, with ~70% ~15m or
shallower and the deepest hole reaching 28m. Most auger holes remained within the saprolite zone, and ~69%
returned significant mineralised intercepts defined as >200ppm TREO-CeO2 over more than 3m downhole. Many
drill holes (35) contained drilling intervals +0.5% TREO.
More importantly for future exploration was the identification of 11 drill holes containing +1% TREO grades that
are typically associated with monazite sand, and a proven exploration pathfinder for high-grade REE-Nb-Sc-U
hard rock mineralisation at depth. All holes ended in significant rare earth mineralisation, and 4 holes ended in
+1% TREO mineralisation and open at depth.
All auger drill holes warrant priority exploration with deeper and infill drilling to delineate high grade monazite
sand mineralisation in saprolite. At the Monte Alto project, ~80% of the high-grade monazite sand resource
contained at a depth greater than 10m, highlighting that the historical shallow auger drill holes at Sulista have
yet to fully explore the important saprolite horizon.
The vendors also drilled 8 diamond drill holes scattered across the large Sulista project area. An inspection of
historical drill core with handheld gamma spectrometry identified a significant ~15m intercept of rare earth
mineralisation in hole ZMC-2S with exceptionally high gamma ‘CPS’ counts. To obtain a verified measure of
grade and thickness, BRE drilled a twin of this hole (JITDD0001). The remaining historical drill hole assays did
not return significant mineralisation.
Verification
Key personnel involved in the vendors’ historical exploration program are now employees of BRE’s exploration
team, facilitating effective transfer of information and data verification. The location of auger drill sites was
recorded using handheld GPS. The location of significant auger drill holes, including hole JEQ_CA_AUG00007,
has been verified in the field.
Auger and drill samples obtained by the vendors were assayed by SGS Geosol in Vespasiano, Minas Gerais,
Brazil, the same assay laboratory used by BRE. Samples were prepared and analysed for REE and major oxides
using the same techniques as BRE, except for the over-limit assays which were not undertaken by the vendor.
For auger drill holes, the pulp and coarse reject material returned from the laboratory were archived in a secure
compound and are available to BRE in the town of Jitaúna. To verify potential monazite-sand intercepts, BRE
submitted all samples greater than 0.7% TREO for repeat analysis at SGS Geosol using the same suite of analysis
as used for BRE’s assays. For the 23 repeat analysis pairs, repeatability was good with low variability and no
significant bias.
Diamond Drilling
Since the acquisition of the Sulista project in February 2024, BRE has confirmed the discovery of high-grade
REE-Nb-Sc-U mineralisation targets at multiple locations.
At the Sulista Western Zone, an initial confirmatory diamond drill hole program has intersected REE-Nb-Sc-U
mineralisation to surface. Mineralisation is open to the south-southwest and north-northwest, along a 1km strike,
that ends with a large hard rock outcrop of mineralisation at a road cutting with ‘CPS’ reading close to the
maximum limit of detection. These compelling initial exploration results warrant a priority, far more extensive
diamond drilling program, with targeted step-out holes to test for high-grade rare earth mineralisation along the
~1km outcrop trend.
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At the Sulista Eastern Zone, the discovery of 30 hard rock outcrops and boulders with an average grade of 7.5%
TREO, and broad monazite-rich regolith with rare earth grades up to 8% TREO, indicate high potential for ultra-
high grade hard rock REE-Nb-Sc-U mineralisation at depth. These priority areas will be explored with a
comprehensive near-term sonic and diamond drilling program.
Auger Drilling
The vendor completed an extensive program of shallow auger drill holes, mostly to ~10 metres depth, over most
of the geophysical anomalies. It is likely that these historical drill holes were too shallow to penetrate below the
REE depleted zones of deep weathering. BRE will now prioritise new auger drilling to extend the drilling horizon
into the regolith mineralisation.
At the Sulista Eastern Zone, a monazite-sand exploration target area of ~800 metres by ~350 metres can be
defined by historical auger drill intercepts +1% TREO. All holes across this exploration area warrant immediate
follow-up with deeper auger infill drilling to target higher grade monazite sand mineralisation in saprolite, and to
support the targeting of deeper sonic and diamond core holes. The BRE exploration team is currently finalising
a detailed auger drilling program for the Sulista Eastern and Southern Zones, and the exploration drilling program
is scheduled to commence during the third quarter 2024.
Geophysics
Rare earth mineralisation at the Sulista exploration zones, and across the larger BRE province, is highly
correlated with high gamma particle counts (‘CPS’) using handheld gamma spectrometer surveys. Handheld
gamma line surveys are a valuable ground reconnaissance tool that typically provide more granular readings
than airborne geophysical and magnetic surveys.
BRE will expedite additional ground reconnaissance and gamma line surveys across the Sulista project. At Sulista
Eastern Zone, the exploration field teams have already completed ~3km of a planned 20km gamma line survey
at line spacings of ~50m. The gamma line survey is designed to identify regolith targets for auger and diamond
drilling, and to discover REE-Sc-Nb-U mineralised outcrops and boulders. The ground reconnaissance and
gamma line surveys has already defined an intense NE orientated trendline within the core of the ~800m by
350m monazite sand target area at the Eastern Zone.
End Notes
The information contained in this announcement relating to BRE’s previously reported JORC mineral resource
estimate is extracted from, or was set out in The Prospectus dated 13 November 2023 (refer ASX announcement
dated 19 December 2023) which is available to view at BRE’s website at www.brazilianrareearths.com.
BRE confirms all material assumptions and technical parameters underpinning the estimates in the Original ASX
Announcement continue to apply and have not materially changed .
This announcement has been authorized for release by the CEO and Managing Director.
For further information and enquires please contact:
Bernardo da Veiga
MD and CEO, Brazilian Rare Earths
[email protected]
Sign up to our investor hub at investors.brazilianrareearths.com
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Forward-Looking Statements and Information
This Announcement may contain “forward-looking statements” and “forward-looking information”, including statements and forecasts which include
(without limitation) expectations regarding industry growth and other trend projections, forward-looking statements about the BRE’s Projects, future
strategies, results and outlook of BRE and the opportunities available to BRE. Often, but not always, forward-looking information can be identified by the
use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, “outlook”, “scheduled”, "target", “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”,
“could”, “would”, “might”, or “will” be taken, occur or be achieved. Such information is based on assumptions and judgments of BRE regarding future
events and results. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, targets, performance or achievements of BRE to be materially different from any future results, targets, performance or
achievements expressed or implied by the forward-looking information.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other
important factors, many of which are beyond the control of the Company, the Directors and management of the Company. Key risk factors associated
with an investment in the Company are detailed in Section 3 of the Prospectus dated 13 November 2023. These and other factors could cause actual
results to differ materially from those expressed in any forward-looking statements.
Forward-looking information and statements are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of BRE
made in light of its perception of trends, current conditions and expected developments, as well as other factors that BRE believes to be relevant and
reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although BRE believes that the assumptions
and expectations reflected in such forward-looking statements and information (including as described in this Announcement) are reasonable, readers
are cautioned that this is not exhaustive of all factors which may impact on the forward-looking information.
The Company cannot and does not give assurances that the results, performance or achievements expressed or implied in the forward-looking
information or statements detailed in this Announcement will actually occur and prospective investors are cautioned not to place undue reliance on
these forward-looking information or statements.
Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant
stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-
looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
Competent Persons Statement
The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr
Adam Karst P.G, a Competent Person who is a registered member of the Society of Mining, Metallurgy and Exploration which is a Recognised Overseas
Professional Organisation. Mr Karst has sufficient experience that is relevant to the style of mineralisation and types of deposit under consideration and
to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Karst consents to the inclusion in this report of the results of the
matters based on his information in the form and context in which it appears.
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[email protected] Level 1, 139 Macquarie Street
APPENDIX A: Relative scale of (current) BRE exploration projects
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APPENDIX B: Grab Sample Results
Results for mineralisation grab samples collected at the Sulista project. Point locations do not represent a continuous sample along any length of the mineralized
system. Refer to Table 1 for more information.
Site Sample ID East North TREO (%) NdPr (ppm) DyTb (ppm) Nb2O5 (ppm) U3O8 (ppm)
R569 ALP400632 389409 8450360 4.6 8,465 585 1,339 501
R845 ALP400930 392967 8455539 15.3 30,758 2,634 144 706
R846 ALP400931 392967 8455542 6.7 13,647 821 36 179
R847 ALP400932 392966 8455539 6.9 13,317 1,274 19 387
R848 ALP400933 392967 8455535 6.5 12,441 1,168 15 386
R849 ALP400934 392967 8455534 5.8 10,778 1,577 2 449
R850 ALP400936 392966 8455536 5.3 10,602 1,142 23 460
R851 ALP400937 392966 8455531 5.7 11,286 1,030 37 420
R852 ALP400938 392966 8455535 5.6 11,415 1,238 67 380
R853 ALP400939 392962 8455540 4.9 8,973 656 60 322
R854 ALP400940 392960 8455540 5.0 8,904 771 23 293
R855 ALP400941 392961 8455539 8.0 15,274 1,055 10 302
R856 ALP400942 392962 8455540 8.2 16,296 1,133 6 236
R857 ALP400943 392965 8455543 6.0 12,288 1,231 91 271
R858 ALP400944 392964 8455542 11.2 21,210 2,024 14 365
R859 ALP400946 392965 8455543 12.8 24,229 1,899 135 469
R860 ALP400947 392963 8455545 8.7 16,397 1,591 9 356
R861 ALP400948 392962 8455547 5.3 9,817 720 15 350
R862 ALP400949 392961 8455544 6.0 11,143 916 26 422
R863 ALP400950 392958 8455546 6.1 11,668 997 11 382
R864 ALP400951 392961 8455549 6.0 11,243 909 15 235
R865 ALP400952 392963 8455547 7.2 13,476 1,083 17 316
R866 ALP400953 392963 8455524 5.4 10,087 990 38 390
R867 ALP400954 392966 8455524 5.6 11,081 1,011 16 332
R868 ALP400956 392967 8455525 7.7 14,982 763 25 121
R869 ALP400957 392970 8455523 5.4 11,127 1,058 63 500
R870 ALP400958 392968 8455525 9.3 18,039 732 19 104
R871 ALP400959 392968 8455527 6.5 12,586 1,228 124 231
R872 ALP400960 392969 8455527 16.5 32,087 2,264 179 441
R873 ALP400961 392965 8455527 6.4 12,276 1,030 7 242
R874 ALP400962 393020 8457820 18.9 37,345 2,382 3,640 1,236
R875 ALP400963 393517 8458731 10.8 18,138 1,119 5,266 1,486
R876 ALP400964 389407 8450350 8.6 14,258 951 5,458 1,479
R877 ALP400966 389408 8450352 3.1 6,634 463 2,245 468
R878 ALP400967 389407 8450353 2.9 5,234 367 3,281 859
15
APPENDIX C: Sulista Drillhole Information, Significant Intercepts, and REE-Nb-Sc-U mineralisation assays
Drillhole Information and Significant Intercepts
Elev. Depth Azi Dip From To Interval True Width TREO NdPr DyTb Sc Nb2O5 U3O8
Hole ID East North
(m) (m) (°) (°) (m) (m) (m) (approx.) (%) (ppm) (ppm) (ppm) (ppm) (ppm)
JITDD0001 393139 8457823 559 150.60 300 -45 102.45 114.70 12.25 12.25 12.5 22,175 906 200 2,457 1,309
JITDD0002 393146 8457824 559 150.20 270 -54 122.1 124.0 1.90 1.90 Assays pending
125.15 126.70 1.55 1.55 Assays pending
JITDD0003 393109 8457926 501 150.60 300 -55 No significant result
JITDD0001: REE-Nb-Sc-U assays
From To TREO La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 U3O8 Nb2O5 Sc2O3
(%) ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
JITDD0001: 12.25 m at 12.5% TREO from 102.5 m

102.45 103.15 6.1 14,251 31,051 2,836 8,186 1,023 16 675 87 454 76 207 25 155 20 2,292 630 1,524 181
103.15 104.00 11.1 27,644 56,386 5,106 14,547 1,823 24 1,072 132 654 108 281 34 205 27 3,158 1,156 2,235 204
104.00 105.00 8.1 19,980 40,942 3,661 10,430 1,329 19 800 100 512 84 225 27 166 21 2,508 889 1,729 178
105.00 106.00 16.9 43,090 85,445 7,847 22,046 2,783 37 1,816 191 940 150 389 46 279 37 4,392 1,964 3,708 213
106.00 107.00 22.4 57,146 113,399 10,413 29,357 3,605 46 2,256 237 1,342 183 468 55 333 43 5,422 2,422 4,821 241
107.00 108.00 12.6 31,642 63,467 5,795 16,526 2,095 27 1,357 146 729 118 309 37 224 29 3,543 1,271 2,506 199
108.00 109.00 12.2 30,833 61,756 5,608 15,806 1,931 26 1,249 139 694 111 291 34 212 28 3,276 1,399 2,640 202
109.00 110.00 15.8 40,261 79,431 7,336 20,645 2,567 34 1,664 179 885 145 378 45 270 36 4,270 1,665 3,101 218
110.00 111.00 12.2 30,655 61,432 5,654 16,142 1,998 27 1,319 145 731 118 307 38 226 30 3,514 1,276 2,400 213
111.00 112.00 8.4 20,464 41,908 3,887 11,063 1,430 19 913 117 608 102 272 33 200 25 3,102 856 1,707 169
112.00 113.00 10.2 24,945 50,833 4,724 13,536 1,768 24 1,187 134 688 115 308 37 223 28 3,564 1,032 1,945 176
113.00 114.00 12.1 29,913 60,821 5,560 16,045 2,026 28 1,335 145 739 120 319 38 229 30 3,591 1,168 2,281 200
114.00 114.70 12.1 29,668 60,578 5,582 16,046 2,120 31 1,380 153 777 127 335 40 243 32 3,835 949 1,991 197
16
APPENDIX D: Sulista Auger Information and Significant Regolith Intercepts
Auger drillholes completed by the vendors at the Sulista project with significant intercepts > 200ppm TREO-CeO2 greater than 3m length downhole. All holes
are drilled vertically.
Hole ID East North Elev. Depth Label From To Interval NdPr: HREO:
TREO NdPr DyTb
(m) (m) (m) (m) (m) TREO TREO
(ppm) (ppm) (ppm)
(%) (%)
JEQ_CA_AUG00004 392952 8455342 671 3.3 0.0 3.3 3.3 895 188 15 21.0 12.0
JEQ_CA_AUG00005 393148 8455343 720 10.0 0.0 10.0 10.0 1,364 267 11 19.4 7.0
JEQ_CA_AUG00006 392753 8455540 611 20.0 0.0 20.0 20.0 1,356 201 13 13.0 7.6
JEQ_CA_AUG00007 392950 8455536 622 10.0 0.0 10.0 10.0 26,759 5,011 441 18.0 10.2
including 6.0 10.0 4.0 59,552 11,222 990 20.1 11.2
including 8.0 10.0 2.0 85,206 15,400 1,342 18.1 9.4
JEQ_CA_AUG00008 393152 8455539 650 20.0 0.0 20.0 20.0 4,571 870 41 17.1 9.1
including 14.0 16.0 2.0 26,588 5,002 220 18.8 6.6
JEQ_CA_AUG00009 393351 8455541 661 10.0 0.0 10.0 10.0 1,176 250 12 20.7 7.8
JEQ_CA_AUG00011 392953 8455744 578 22.0 0.0 16.0 16.0 2,908 496 30 17.3 8.8
JEQ_CA_AUG00012 393179 8455759 508 10.0 0.0 4.0 4.0 735 129 8 17.6 8.6
JEQ_CA_AUG00013 393349 8455740 603 9.3 0.0 7.0 7.0 829 166 13 20.0 11.5
JEQ_CA_AUG00014 393549 8455743 618 10.0 0.0 10.0 10.0 452 89 5 18.9 10.4
JEQ_CA_AUG00015 392750 8455940 601 6.3 0.0 4.0 4.0 592 87 6 14.6 8.2
JEQ_CA_AUG00016 392945 8455948 558 9.3 0.0 9.3 9.3 497 82 5 16.7 11.0
JEQ_CA_AUG00017 393149 8455946 500 10.0 0.0 10.0 10.0 3,773 653 38 17.8 9.8
including 5.0 6.0 1.0 22,534 3,954 218 17.6 8.0
JEQ_CA_AUG00018 393361 8455940 549 10.0 0.0 5.0 5.0 482 99 8 20.5 12.1
JEQ_CA_AUG00019 393555 8455913 564 8.3 0.0 7.0 7.0 580 110 7 19.0 9.9
JEQ_CA_AUG00021 392753 8456144 593 3.5 0.0 3.5 3.5 2,004 294 17 15.4 7.3
JEQ_CA_AUG00022 392951 8456140 506 10.0 0.0 10.0 10.0 603 72 5 12.4 7.9
JEQ_CA_AUG00023 393153 8456134 493 4.0 0.0 4.0 4.0 490 77 5 15.9 9.0
JEQ_CA_AUG00025 393537 8456140 535 4.4 0.0 4.0 4.0 484 97 7 20.1 11.6
JEQ_CA_AUG00026 392748 8456340 651 10.0 0.0 3.0 3.0 945 166 9 17.6 8.0
JEQ_CA_AUG00027 392946 8456344 583 10.0 0.0 7.0 7.0 1,435 316 20 19.5 9.7
JEQ_CA_AUG00028 393142 8456357 499 6.2 0.0 6.2 6.2 631 128 9 18.9 11.8
JEQ_CA_AUG00030 393552 8456341 483 10.0 3.0 10.0 7.0 795 131 8 16.5 8.5
JEQ_CA_AUG00032 392947 8456552 628 17.0 4.0 17.0 13.0 567 66 4 11.6 6.8
JEQ_CA_AUG00034 393342 8456526 430 10.0 5.0 10.0 5.0 661 137 23 20.0 34.0
17
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JEQ_CA_AUG00035 393523 8456573 444 9.0 6.0 9.0 3.0 1,033 74 10 7.9 8.1
JEQ_CA_AUG00036 392734 8456720 685 7.8 0.0 7.8 7.8 771 83 5 11.2 5.9
JEQ_CA_AUG00038 393147 8456745 623 10.0 3.0 10.0 7.0 1,022 237 21 23.2 18.5
JEQ_CA_AUG00039 393349 8456736 549 10.0 4.0 8.0 4.0 496 97 7 19.8 10.5
JEQ_CA_AUG00041 392753 8456936 662 10.0 0.0 9.0 9.0 599 131 7 21.3 9.7
JEQ_CA_AUG00042 392952 8456939 605 4.0 0.0 4.0 4.0 792 123 12 15.6 13.6
JEQ_CA_AUG00045 393551 8456940 483 10.0 6.0 10.0 4.0 1,095 159 8 14.4 5.8
JEQ_CA_AUG00046 392746 8457129 646 8.4 3.0 8.4 5.4 2,144 345 23 15.3 9.9
JEQ_CA_AUG00047 392957 8457137 604 10.0 0.0 10.0 10.0 450 56 3 12.4 7.2
JEQ_CA_AUG00048 393151 8457138 613 20.0 4.0 14.0 10.0 507 53 3 10.5 6.2
JEQ_CA_AUG00048 393151 8457138 613 20.0 and 16.0 20.0 4.0 1,584 30 4 2.8 2.4
JEQ_CA_AUG00051 392752 8457339 721 10.0 0.0 4.0 4.0 619 89 3 14.4 6.3
JEQ_CA_AUG00055 393549 8457339 520 10.0 5.0 10.0 5.0 623 119 7 19.0 8.7
JEQ_CA_AUG00060 393507 8457562 523 16.0 13.0 16.0 3.0 990 73 6 8.1 5.7
JEQ_CA_AUG00061 393753 8457537 423 5.0 0.0 5.0 5.0 549 71 5 13.1 8.7
JEQ_CA_AUG00063 392954 8457742 552 10.0 0.0 9.0 9.0 620 98 5 16.0 7.2
JEQ_CA_AUG00064 393150 8457736 578 10.0 4.0 10.0 6.0 598 114 6 18.9 8.4
JEQ_CA_AUG00065 393348 8457743 557 28.0 19.0 28.0 9.0 1,895 304 51 16.1 27.5
JEQ_CA_AUG00067 393766 8457731 520 15.7 3.0 7.0 4.0 881 66 4 7.6 4.7
JEQ_CA_AUG00068 394997 8456748 474 10.0 0.0 10.0 10.0 1,400 282 17 19.8 9.9
JEQ_CA_AUG00069 396525 8455148 295 8.0 0.0 8.0 8.0 1,182 236 23 17.8 16.9
JEQ_CA_AUG00071 396549 8455943 264 9.0 0.0 9.0 9.0 1,091 135 7 13.9 8.0
JEQ_CA_AUG00072 396582 8456341 279 10.0 0.0 10.0 10.0 641 70 6 10.9 9.3
JEQ_CA_AUG00073 396154 8456741 358 10.0 0.0 10.0 10.0 427 64 9 14.9 18.2
JEQ_CA_AUG00074 396157 8455562 341 13.0 6.0 10.0 4.0 383 75 6 20.4 12.3
JEQ_CA_AUG00076 396151 8455941 317 6.5 0.0 6.0 6.0 538 116 10 21.6 14.1
JEQ_CA_AUG00078 396554 8454751 288 5.7 0.0 5.7 5.7 632 107 7 17.2 10.3
JEQ_CA_AUG00079 394974 8457517 390 10.0 0.0 10.0 10.0 1,239 287 17 23.0 10.8
JEQ_CA_AUG00080 395334 8457541 361 10.0 0.0 10.0 10.0 1,118 142 10 15.7 8.8
JEQ_CA_AUG00081 395750 8457542 466 10.0 0.0 10.0 10.0 437 86 5 19.7 10.2
JEQ_CA_AUG00082 396156 8456332 292 7.0 0.0 7.0 7.0 602 104 9 17.6 14.5
JEQ_CA_AUG00086 394351 8458359 416 10.0 3.0 10.0 7.0 1,388 182 18 12.5 13.7
JEQ_CA_AUG00087 394955 8457934 362 10.0 0.0 10.0 10.0 645 139 10 21.3 10.9
JEQ_CA_AUG00088 394951 8456339 594 4.0 0.0 4.0 4.0 696 133 6 19.2 8.4
JEQ_CA_AUG00089 395015 8457066 392 6.7 0.0 6.7 6.7 506 100 5 19.8 9.1
JEQ_CA_AUG00091 395782 8455114 453 10.0 0.0 10.0 10.0 701 158 15 22.4 16.4
JEQ_CA_AUG00092 396151 8457534 350 9.9 0.0 9.9 9.9 738 140 10 19.2 10.6
18
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JEQ_CA_AUG00094 394152 8458542 436 10.0 0.0 9.0 9.0 880 129 9 13.1 7.3
JEQ_CA_AUG00096 393749 8458741 439 10.0 0.0 5.0 5.0 656 81 5 12.6 6.6
JEQ_CA_AUG00098 394152 8458743 502 11.0 4.0 11.0 7.0 525 79 4 15.3 6.9
JEQ_CA_AUG00099 394351 8458740 424 10.0 3.0 8.0 5.0 449 77 4 17.3 7.9
JEQ_CA_AUG00100 393548 8458942 424 10.0 0.0 10.0 10.0 605 105 6 18.0 8.7
JEQ_CA_AUG00101 393751 8458941 516 10.0 0.0 10.0 10.0 1,620 130 9 10.8 5.5
JEQ_CA_AUG00102 393951 8458936 537 20.0 11.0 17.0 6.0 1,319 129 3 9.4 5.9
JEQ_CA_AUG00103 394153 8458941 486 7.5 3.0 7.5 4.5 726 68 4 9.8 5.4
JEQ_CA_AUG00105 393352 8459140 408 10.0 4.0 10.0 6.0 637 90 10 12.6 13.0
JEQ_CA_AUG00107 393751 8459139 544 20.0 0.0 14.0 14.0 1,878 573 29 25.4 10.7
JEQ_CA_AUG00108 393968 8459081 481 14.0 9.0 14.0 5.0 894 132 10 15.3 9.2
JEQ_CA_AUG00109 394149 8459139 421 20.0 7.0 20.0 13.0 478 75 3 15.8 7.3
JEQ_CA_AUG00111 393359 8459336 460 10.0 6.0 9.0 3.0 577 63 4 11.3 6.0
JEQ_CA_AUG00112 393555 8459346 557 10.0 0.0 10.0 10.0 2,464 367 14 11.4 4.8
JEQ_CA_AUG00113 393747 8459352 545 10.0 0.0 10.0 10.0 826 115 7 13.8 7.0
JEQ_CA_AUG00114 393957 8459339 451 17.7 0.0 17.7 17.7 893 194 20 21.6 15.6
JEQ_CA_AUG00115 394152 8459340 396 10.0 0.0 10.0 10.0 542 70 4 12.8 6.7
JEQ_CA_AUG00119 393751 8459542 518 20.0 0.0 20.0 20.0 1,357 155 7 12.4 6.1
JEQ_CA_AUG00120 393963 8459549 447 8.2 0.0 8.2 8.2 758 178 16 23.1 14.9
JEQ_CA_AUG00121 394152 8459538 491 24.0 0.0 24.0 24.0 1,185 265 23 20.3 13.0
JEQ_CA_AUG00126 395351 8459127 457 3.0 0.0 3.0 3.0 918 124 7 13.5 6.1
JEQ_CA_AUG00127 395757 8459143 539 10.0 0.0 10.0 10.0 550 121 9 22.1 12.5
JEQ_CA_AUG00130 393550 8459740 596 14.4 5.0 10.0 5.0 786 110 5 13.7 5.2
JEQ_CA_AUG00132 393952 8459746 509 20.0 0.0 18.0 18.0 514 86 5 16.6 8.7
JEQ_CA_AUG00133 394153 8459732 552 10.0 0.0 8.0 8.0 544 72 3 12.6 6.6
JEQ_CA_AUG00134 394349 8459745 488 8.7 0.0 8.7 8.7 821 98 5 12.1 5.8
JEQ_CA_AUG00136 395350 8459939 510 3.0 0.0 3.0 3.0 459 95 5 20.8 11.3
JEQ_CA_AUG00137 395752 8459940 401 3.0 0.0 3.0 3.0 614 118 7 19.2 10.4
JEQ_CA_AUG00139 394953 8459541 532 10.0 0.0 10.0 10.0 766 147 6 18.8 6.8
JEQ_CA_AUG00140 395351 8459541 429 10.0 5.0 10.0 5.0 619 138 18 21.6 21.9
JEQ_CA_AUG00141 392956 8459940 371 10.0 0.0 10.0 10.0 1,683 328 50 19.3 26.3
JEQ_CA_AUG00142 393351 8459941 502 10.0 4.0 10.0 6.0 717 169 10 21.0 10.8
JEQ_CA_AUG00144 394149 8459940 557 10.0 0.0 10.0 10.0 515 64 3 12.5 6.1
JEQ_CA_AUG00145 394550 8459941 511 7.0 0.0 7.0 7.0 741 145 6 19.3 7.1
JEQ_CA_AUG00147 392852 8455052 620 10.0 0.0 5.0 5.0 414 70 3 16.9 7.3
JEQ_CA_AUG00149 392846 8455238 613 10.0 0.0 7.0 7.0 959 189 11 19.4 8.4
JEQ_CA_AUG00150 393051 8455244 705 4.3 0.0 4.3 4.3 719 139 9 19.4 9.4
19
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JEQ_CA_AUG00151 392651 8455439 594 10.0 0.0 10.0 10.0 4,626 1,335 64 23.6 11.3
including 8.0 9.0 1.0 12,313 5,265 212 42.8 16.5
JEQ_CA_AUG00152 392851 8455440 663 10.0 0.0 4.0 4.0 1,092 178 10 16.1 8.2
JEQ_CA_AUG00153 393052 8455439 673 10.0 0.0 10.0 10.0 1,179 252 18 21.5 11.7
JEQ_CA_AUG00154 393253 8455438 700 10.0 0.0 9.0 9.0 1,230 221 14 17.7 8.3
JEQ_CA_AUG00156 392847 8455643 601 19.0 0.0 19.0 19.0 1,770 300 23 16.6 9.8
JEQ_CA_AUG00158 393258 8455617 609 5.4 0.0 5.4 5.4 792 177 11 22.2 11.0
JEQ_CA_AUG00159 393449 8455642 612 10.0 0.0 8.0 8.0 881 168 10 18.8 9.1
JEQ_CA_AUG00160 392653 8455840 622 10.0 0.0 6.0 6.0 610 92 7 14.7 9.0
JEQ_CA_AUG00161 392851 8455840 582 22.0 0.0 22.0 22.0 1,347 223 16 14.1 11.4
JEQ_CA_AUG00162 393054 8455841 502 10.0 0.0 10.0 10.0 3,044 496 40 17.2 10.5
JEQ_CA_AUG00163 393249 8455842 540 8.0 0.0 8.0 8.0 867 182 13 20.6 10.7
JEQ_CA_AUG00164 393448 8455836 582 5.0 0.0 5.0 5.0 534 108 7 20.2 10.7
JEQ_CA_AUG00165 393637 8455852 608 4.6 0.0 3.0 3.0 451 81 5 18.0 8.6
JEQ_CA_AUG00166 392651 8456041 672 10.0 0.0 10.0 10.0 1,589 303 14 18.7 7.7
JEQ_CA_AUG00167 392840 8456058 541 10.0 2.0 10.0 8.0 818 175 24 19.9 22.3
JEQ_CA_AUG00168 393053 8456042 499 10.0 0.0 4.0 4.0 834 142 9 17.2 9.0
JEQ_CA_AUG00169 393254 8456040 497 10.0 0.0 5.0 5.0 416 80 5 19.4 11.4
JEQ_CA_AUG00170 393452 8456038 526 10.0 0.0 10.0 10.0 1,182 209 10 17.6 6.6
JEQ_CA_AUG00173 393054 8456240 500 4.0 0.0 4.0 4.0 447 78 5 17.4 10.5
JEQ_CA_AUG00174 393239 8456274 464 7.0 0.0 7.0 7.0 678 119 10 16.8 11.9
JEQ_CA_AUG00175 393448 8456233 508 5.7 2.0 5.7 3.7 743 149 11 20.1 12.0
JEQ_CA_AUG00176 393662 8456202 572 10.0 0.0 3.0 3.0 421 84 6 20.1 12.4
JEQ_CA_AUG00177 392855 8456437 652 10.0 0.0 10.0 10.0 1,189 127 9 11.1 5.7
JEQ_CA_AUG00179 393252 8456440 508 10.0 0.0 10.0 10.0 607 78 5 11.7 8.4
JEQ_CA_AUG00180 393460 8456441 462 7.0 3.0 7.0 4.0 922 72 8 8.1 7.9
JEQ_CA_AUG00181 393676 8456470 469 10.0 2.0 10.0 8.0 965 175 15 18.7 12.2
JEQ_CA_AUG00183 393282 8456615 533 4.0 1.0 4.0 3.0 1,920 333 43 17.9 19.3
JEQ_CA_AUG00185 393676 8456641 435.26 5.0 0.0 5.0 5.0 796 155 10 19.4 10.5
JEQ_CA_AUG00188 393640 8456861 436 10.0 7.0 10.0 3.0 489 117 17 24.3 32.6
JEQ_CA_AUG00189 394049 8458641 498 10.0 5.0 10.0 5.0 491 55 3 11.8 7.1
JEQ_CA_AUG00190 394254 8458646 465 10.0 0.0 10.0 10.0 908 160 3 17.2 4.5
JEQ_CA_AUG00194 393650 8459038 505 10.0 1.0 10.0 9.0 696 115 10 17.3 10.3
including 6.0 10.0 4.0 1,061 169 17 16.5 12.5
JEQ_CA_AUG00196 394047 8459039 461 10.0 4.0 10.0 6.0 567 93 4 16.7 6.8
JEQ_CA_AUG00198 393852 8459239 537 10.0 0.0 10.0 10.0 1,782 408 66 22.9 19.8
JEQ_CA_AUG00200 396151 8455141 382 9.6 0.0 8.0 8.0 852 108 9 14.4 10.9
20
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JEQ_CA_AUG00202 395410 8456685 365 7.3 0.0 7.3 7.3 576 106 5 18.7 8.4
JEQ_CA_AUG00203 395752 8457140 393 10.0 0.0 10.0 10.0 1,131 258 13 22.8 8.9
JEQ_CA_AUG00204 396148 8457141 399 10.0 0.0 10.0 10.0 960 129 11 13.0 11.3
JEQ_CA_AUG00205 395353 8456347 503 10.0 0.0 10.0 10.0 713 147 7 20.6 8.6
JEQ_CA_AUG00206 395763 8456719 285 7.0 0.0 7.0 7.0 593 96 7 17.2 9.5
JEQ_CA_AUG00207 395785 8456306 254 6.9 0.0 6.9 6.9 561 106 6 19.2 9.5
JEQ_CA_AUG00209 396306 8458374 536 10.0 0.0 10.0 10.0 6,037 916 31 15.1 5.7
including 5.0 6.0 1.0 43,142 6,558 207 15.2 4.3
JEQ_CA_AUG00210 396569 8458330 419 8.0 0.0 8.0 8.0 512 115 12 22.4 18.0
JEQ_CA_AUG00211 395751 8457943 528 10.0 5.0 10.0 5.0 837 158 11 18.8 10.7
JEQ_CA_AUG00212 396127 8457933 451 8.0 0.0 8.0 8.0 620 120 10 19.7 12.8
JEQ_CA_AUG00216 396549 8457940 410 10.0 0.0 3.0 3.0 694 131 10 18.7 12.4
JEQ_CA_AUG00217 394951 8458334 422 9.2 0.0 9.2 9.2 698 135 6 19.0 7.4
JEQ_CA_AUG00218 393935 8457499 329 15.0 0.0 15.0 15.0 676 112 12 15.5 13.8
including 12.0 15.0 3.0 1,064 233 33 20.0 25.4
JEQ_CA_AUG00219 393956 8457746 433 10.0 4.0 10.0 6.0 476 99 7 20.8 12.2
JEQ_CA_AUG00220 394147 8457745 366 10.0 0.0 7.0 7.0 635 119 6 19.0 8.8
and 1.0 10.0 9.0 1,026 90 5 13.0 6.5
JEQ_CA_AUG00224 393349 8457942 498 6.8 0.0 6.8 6.8 729 186 11 25.0 11.2
JEQ_CA_AUG00225 393555 8457937 531 23.0 6.0 10.0 4.0 1,169 118 4 9.4 4.8
JEQ_CA_AUG00228 394148 8457947 339 10.0 0.0 5.0 5.0 717 157 9 21.7 10.1
JEQ_CA_AUG00234 393755 8458145 514 12.0 8.0 12.0 4.0 469 77 4 16.4 7.6
JEQ_CA_AUG00237 392750 8458339 598 18.6 11.0 14.0 3.0 634 113 6 16.0 10.5
JEQ_CA_AUG00243 392752 8458543 543 6.0 3.0 6.0 3.0 640 91 5 14.2 8.2
JEQ_CA_AUG00247 393551 8458544 431 10.0 0.0 10.0 10.0 701 96 6 12.7 7.6
JEQ_CA_AUG00251 393351 8458741 440 10.0 0.0 10.0 10.0 3,445 853 71 16.9 10.5
including 8.0 9.0 1.0 10,899 3,419 365 31.4 26.6
JEQ_CA_AUG00252 392751 8458942 476 6.6 2.0 6.6 4.6 508 56 3 11.2 6.4
JEQ_CA_AUG00253 392924 8458940 447 4.0 0.0 4.0 4.0 1,258 178 13 13.6 8.2
JEQ_CA_AUG00254 392752 8459145 400 9.0 0.0 9.0 9.0 1,517 319 29 20.2 13.6
JEQ_CA_AUG00255 392938 8459126 388 10.0 0.0 10.0 10.0 1,885 418 32 20.1 11.6
JEQ_CA_AUG00257 392947 8459542 374 9.0 0.0 9.0 9.0 1,417 278 29 18.9 18.4
JEQ_CA_AUG00258 393153 8459541 425 7.0 4.0 7.0 3.0 700 148 18 20.8 24.8
JEQ_CA_AUG00259 392953 8459739 432 10.0 0.0 10.0 10.0 1,701 266 31 14.5 14.8
JEQ_CA_AUG00260 393152 8459738 443 19.0 0.0 19.0 19.0 837 176 15 20.5 16.3
JITAUG00025 391320 8457335 638 12.0 0.0 12.0 12.0 969 138 8 14.5 7.7
JITAUG00029 391093 8457132 521 3.4 0.0 3.4 3.4 578 107 10 18.9 16.4
21
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JITAUG00030 391326 8457135 573 12.0 0.0 12.0 12.0 1,009 183 16 17.1 12.2
JITAUG00038 390953 8456933 454 5.0 0.0 5.0 5.0 2,502 550 56 18.0 20.7
JITAUG00039 391125 8456940 472 6.3 0.0 6.3 6.3 504 79 5 15.8 10.1
JITAUG00040 391327 8456940 524 12.0 7.0 12.0 5.0 1,389 226 14 14.7 6.8
JITAUG00042 391727 8456933 600 12.0 0.0 4.0 4.0 2,084 433 21 19.0 7.7
JITAUG00044 391016 8456833 449 8.0 1.0 8.0 7.0 1,167 177 16 13.8 12.1
JITAUG00045 391199 8456861 464 9.1 0.0 9.1 9.1 2,529 538 64 19.3 16.1
JITAUG00046 391414 8456879 500 7.7 0.0 7.7 7.7 1,842 439 38 22.0 13.9
JITAUG00047 390528 8456744 407 3.1 0.0 3.1 3.1 1,051 173 24 16.8 22.4
JITAUG00049 390925 8456752 493 12.0 0.0 12.0 12.0 1,004 188 21 18.2 19.6
JITAUG00051 391305 8456761 501 4.4 0.0 4.4 4.4 1,059 153 9 12.6 7.7
JITAUG00052 391508 8456783 556 5.3 2.0 5.3 3.3 862 107 11 13.8 13.4
JITAUG00053 391718 8456743 584 12.0 6.0 11.0 5.0 1,003 232 10 21.9 9.1
JITAUG00055 390980 8456641 542 7.5 2.0 7.5 5.5 573 61 3 10.3 6.7
JITAUG00056 391252 8456656 525 12.0 0.0 12.0 12.0 2,480 463 21 13.0 5.8
JITAUG00057 391418 8456646 542 8.0 0.0 8.0 8.0 911 181 27 18.8 26.0
JITAUG00063 390939 8456541 553 12.0 0.0 12.0 12.0 842 111 6 12.7 6.7
JITAUG00064 391122 8456542 553 12.0 4.0 12.0 8.0 808 102 9 13.4 12.6
JITAUG00066 391521 8456540 582 12.0 0.0 12.0 12.0 1,177 190 16 15.2 10.9
JITAUG00067 391715 8456544 560 9.0 6.0 9.0 3.0 351 86 8 24.4 22.7
JITAUG00069 390825 8456445 560 12.0 0.0 12.0 12.0 2,817 402 27 13.2 8.1
JITAUG00070 391032 8456438 551 12.0 0.0 12.0 12.0 1,339 255 13 18.1 8.2
JITAUG00071 391239 8456452 604 12.0 0.0 12.0 12.0 6,249 622 41 6.4 3.4
including 9.0 12.0 3.0 16,438 2,094 141 12.5 6.8
JITAUG00072 391423 8456440 604 12.0 5.0 12.0 7.0 602 74 4 11.7 5.5
JITAUG00075 390720 8456339 547 12.0 0.0 12.0 12.0 511 72 7 15.3 14.2
JITAUG00076 390906 8456293 558 9.3 0.0 9.3 9.3 1,671 349 26 20.3 10.9
JITAUG00079 391526 8456340 662 12.0 0.0 12.0 12.0 790 137 5 16.6 5.8
JITAUG00080 390825 8456234 593 6.0 0.0 5.0 5.0 702 108 6 15.3 7.5
JITAUG00081 391013 8456233 645 7.4 0.0 7.4 7.4 1,516 205 15 13.2 8.4
JITAUG00083 391424 8456237 676 14.0 2.0 14.0 12.0 982 133 11 12.2 8.0
JITAUG00087 390523 8456136 465 5.9 0.0 3.0 3.0 715 86 6 12.1 8.9
JITAUG00088 390732 8456168 542 5.8 0.0 5.8 5.8 2,087 472 45 19.7 13.3
JITAUG00089 390919 8456133 637 12.0 0.0 12.0 12.0 3,437 906 46 21.5 7.2
including 11.0 12.0 1.0 13,384 4,772 301 35.7 17.7
JITAUG00090 391127 8456142 706 6.1 2.0 6.1 4.1 2,377 221 9 9.3 3.9
JITAUG00096 391226 8456040 763 17.5 2.0 8.0 6.0 1,179 146 5 11.1 4.1
22
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JITAUG00097 390723 8455933 227 8.5 0.0 8.5 8.5 1,412 286 20 20.2 10.2
JITAUG00098 390932 8455941 661 12.0 8.0 12.0 4.0 1,028 113 14 11.5 13.9
JITAUG00101 391023 8455843 706 23.0 3.0 12.0 9.0 1,247 210 7 17.0 6.4
JITAUG00106 390928 8455737 725 12.0 9.0 12.0 3.0 912 154 9 16.7 7.9
JITAUG00113 392325 8455540 556 15.0 0.0 15.0 15.0 452 88 9 14.8 19.1
JITAUG00114 392531 8455530 559 15.0 0.0 15.0 15.0 473 84 6 17.9 12.7
JITAUG00115 392432 8455395 528 4.4 0.0 3.0 3.0 1,459 281 15 18.6 9.0
JITAUG00122 392369 8455324 519 10.0 0.0 10.0 10.0 976 197 13 19.9 10.3
JITAUG00123 392522 8455340 541 15.0 0.0 15.0 15.0 1,396 245 26 17.8 15.4
JITAUG00127 392424 8455244 539 8.9 0.0 8.9 8.9 694 142 10 19.6 10.5
JITAUG00128 392254 8455151 471 7.0 0.0 7.0 7.0 420 71 5 16.7 11.2
JITAUG00129 392531 8455143 463 10.2 0.0 7.0 7.0 741 149 11 20.0 11.6
JITAUG00136 392295 8454978 500 7.4 0.0 4.0 4.0 457 67 5 15.0 9.0
JITAUG00144 391120 8454745 771 6.5 2.0 6.5 4.5 602 84 6 13.9 9.9
JITAUG00146 391522 8454745 561 6.2 0.0 6.2 6.2 484 83 5 17.3 10.2
JITAUG00147 391718 8454759 647 15.0 3.0 6.0 3.0 492 66 2 13.7 5.3
JITAUG00148 391944 8454716 544 7.3 2.0 5.0 3.0 1,482 327 14 21.1 9.5
JITAUG00149 392109 8454728 497 3.5 0.0 3.0 3.0 417 72 5 17.4 13.1
JITAUG00150 392325 8454744 491 9.3 0.0 6.0 6.0 1,095 206 11 18.4 9.3
JITAUG00151 392525 8454738 572 15.0 6.0 15.0 9.0 1,018 218 14 20.0 9.1
JITAUG00153 391225 8454640 253 9.0 0.0 9.0 9.0 1,233 207 8 16.4 5.5
JITAUG00154 391353 8454636 677 9.0 0.0 9.0 9.0 1,000 188 14 18.7 11.2
JITAUG00160 391528 8454534 512 15.0 2.0 12.0 10.0 1,452 135 12 11.2 11.1
JITAUG00162 391929 8454554 508 15.0 6.0 9.0 3.0 647 103 5 13.3 8.8
JITAUG00164 392328 8454531 519 15.0 0.0 15.0 15.0 1,042 208 9 20.0 9.7
JITAUG00171 391028 8454441 623 26.0 0.0 26.0 26.0 937 198 14 15.3 12.3
including 16.0 26.0 10.0 1,686 395 28 18.6 14.6
JITAUG00173 391430 8454446 552 5.0 0.0 5.0 5.0 885 229 13 25.7 13.6
JITAUG00174 392031 8454477 489 19.0 5.0 19.0 14.0 1,279 224 19 17.5 14.1
JITAUG00176 391119 8454345 616 15.0 0.0 15.0 15.0 1,076 148 9 13.4 7.1
JITAUG00177 391314 8454352 583 15.0 1.0 7.0 6.0 659 89 4 13.6 5.6
JITAUG00178 391521 8454346 514 3.2 0.0 3.2 3.2 524 79 5 15.1 9.1
JITAUG00180 391892 8454335 479 13.5 9.0 13.0 4.0 766 87 10 11.2 11.9
JITAUG00181 392125 8454332 506 13.9 0.0 13.9 13.9 2,021 361 22 18.5 8.8
JITAUG00183 391223 8454240 553 15.0 0.0 15.0 15.0 1,163 195 9 17.2 6.6
JITAUG00184 391425 8454240 482 23.0 3.0 10.0 7.0 486 66 4 13.7 9.4
JITAUG00187 390718 8454140 619 16.0 12.0 16.0 4.0 487 73 14 15.2 33.1
23
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JITAUG00189 391137 8454139 511 11.7 0.0 11.7 11.7 1,885 509 33 23.3 10.8
JITAUG00190 391343 8454118 515 15.0 0.0 15.0 15.0 2,159 483 17 22.2 8.4
JITAUG00191 391527 8454145 508 12.0 0.0 12.0 12.0 1,198 210 11 16.5 7.8
including 6.0 12.0 6.0 1,972 351 18 16.8 6.3
JITAUG00192 391732 8454134 498 10.0 0.0 10.0 10.0 757 153 11 20.5 11.4
JITAUG00193 391923 8454140 416 11.3 0.0 8.0 8.0 562 87 4 15.8 6.9
JITAUG00194 392125 8454140 556 15.0 0.0 7.0 7.0 871 163 7 18.8 7.1
JITAUG00203 390923 8453944 616 12.0 0.0 12.0 12.0 2,217 329 12 13.5 4.5
JITAUG00205 391331 8453957 508 12.0 0.0 12.0 12.0 735 79 9 11.2 10.5
JITAUG00208 390831 8453854 662 12.0 0.0 12.0 12.0 832 98 5 11.6 6.1
JITAUG00209 391025 8453845 585 12.0 3.0 6.0 3.0 933 133 6 13.9 6.1
JITAUG00212 390525 8453741 722 12.0 0.0 5.0 5.0 750 130 9 16.4 8.8
JITAUG00213 390731 8453738 687 12.0 0.0 12.0 12.0 1,313 242 10 17.5 6.9
JITAUG00214 390902 8453762 577 10.0 5.0 9.0 4.0 1,596 184 12 13.1 7.5
JITAUG00216 391292 8453742 475 12.0 4.0 12.0 8.0 1,371 221 36 16.8 21.9
JITAUG00224 389125 8453691 375 7.8 0.0 7.8 7.8 930 164 19 17.6 19.2
JITAUG00225 389314 8453673 439 9.7 3.0 9.7 6.7 452 86 10 19.2 20.0
JITAUG00226 389530 8453699 446 12.0 3.0 12.0 9.0 730 81 4 11.2 5.4
JITAUG00228 390824 8453642 605 10.2 0.0 10.2 10.2 1,392 215 13 14.8 7.4
JITAUG00230 391210 8453641 494 12.0 0.0 12.0 12.0 906 160 15 17.0 17.2
JITAUG00232 390720 8453542 606 7.8 1.0 7.8 6.8 714 99 5 13.8 7.4
JITAUG00233 390914 8453548 553 12.0 0.0 12.0 12.0 830 122 7 14.1 7.8
JITAUG00234 391115 8453537 491 6.1 0.0 5.0 5.0 1,064 179 11 16.3 8.2
JITAUG00235 391344 8453515 456 7.0 0.0 5.0 5.0 935 151 11 16.1 11.9
JITAUG00236 389145 8453515 335 5.7 0.0 5.7 5.7 945 176 14 18.4 12.6
JITAUG00237 389340 8453490 353 3.0 0.0 3.0 3.0 1,686 308 41 17.2 22.3
JITAUG00238 389526 8453492 367 11.0 0.0 11.0 11.0 1,250 234 26 18.4 18.4
JITAUG00239 390625 8453441 630 8.5 0.0 8.5 8.5 678 98 4 14.5 6.3
JITAUG00240 390823 8453444 571 12.0 0.0 4.0 4.0 456 66 3 14.5 8.0
JITAUG00241 391026 8453446 455 12.0 0.0 10.0 10.0 686 85 4 12.5 6.0
JITAUG00242 391221 8453448 470 10.0 0.0 10.0 10.0 599 80 8 12.6 10.7
JITAUG00244 390556 8453361 606 5.0 1.0 5.0 4.0 624 98 5 15.5 7.3
JITAUG00245 390712 8453335 506 5.5 0.0 3.0 3.0 649 75 5 11.6 7.0
JITAUG00246 390924 8453341 486 12.0 0.0 12.0 12.0 948 171 12 16.1 9.5
JITAUG00247 391048 8453330 430 9.0 0.0 9.0 9.0 1,155 158 11 15.5 10.4
JITAUG00248 391398 8453383 498 12.0 4.0 12.0 8.0 958 165 6 17.4 6.9
JITAUG00253 389122 8453292 359 6.4 0.0 6.4 6.4 2,070 412 72 19.7 31.4
24
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JITAUG00254 389326 8453286 401 9.0 0.0 9.0 9.0 1,298 242 29 18.5 20.9
JITAUG00255 389528 8453286 408 15.0 4.0 15.0 11.0 1,237 236 14 17.9 9.4
JITAUG00256 390621 8453244 528 4.6 0.0 4.6 4.6 1,157 180 9 15.5 6.9
JITAUG00257 390821 8453229 479 5.0 0.0 5.0 5.0 2,184 375 23 16.5 8.2
JITAUG00260 390528 8453161 555 8.5 0.0 8.5 8.5 1,932 385 34 19.5 12.8
JITAUG00261 390739 8453134 479 9.7 0.0 9.7 9.7 875 151 13 16.9 12.2
JITAUG00262 390923 8453167 416 11.0 0.0 11.0 11.0 1,137 189 14 16.4 12.1
JITAUG00263 391103 8453155 469 12.0 0.0 12.0 12.0 2,388 389 27 16.0 11.5
JITAUG00264 390612 8453054 509 10.5 0.0 10.5 10.5 1,777 280 19 14.9 8.6
JITAUG00265 390788 8453055 444 12.0 7.0 12.0 5.0 964 174 16 17.5 15.1
JITAUG00281 390328 8452862 564 14.6 0.0 14.6 14.6 1,217 206 11 16.8 8.1
JITAUG00282 390518 8452887 486 15.0 0.0 15.0 15.0 693 154 13 22.0 15.0
JITAUG00283 390728 8452881 418 15.0 0.0 15.0 15.0 4,720 899 64 16.2 10.4
including 12.0 15.0 3.0 16,399 3,372 232 20.5 11.3
JITAUG00288 390426 8452791 524 12.0 0.0 5.0 5.0 498 67 3 13.5 6.0
JITAUG00289 390645 8452802 418 9.0 4.0 9.0 5.0 1,113 252 18 21.9 13.4
JITAUG00290 388935 8452696 434 8.0 1.0 8.0 7.0 672 127 17 18.7 25.5
JITAUG00291 389122 8452693 497 12.6 0.0 12.6 12.6 1,394 271 34 18.1 20.0
JITAUG00292 389310 8452687 591 15.0 9.0 14.0 5.0 644 63 3 10.4 5.3
JITAUG00293 389554 8452691 506 11.0 8.0 11.0 3.0 1,428 130 7 10.2 4.5
JITAUG00297 390326 8452689 573 12.5 0.0 12.5 12.5 2,781 640 42 22.2 11.5
JITAUG00298 390538 8452691 423.33 12.7 3.0 12.7 9.7 1,054 256 16 13.3 7.0
including 9.0 12.7 3.7 2,344 623 41 15.3 8.0
JITAUG00300 390222 8452590 562 10.9 0.0 10.9 10.9 1,285 167 8 12.9 5.7
JITAUG00302 390591 8452564 413 12.0 0.0 12.0 12.0 1,217 204 15 14.8 9.6
JITAUG00306 388725 8452491 415 12.5 4.0 12.5 8.5 1,404 332 45 22.3 23.9
JITAUG00307 388912 8452479 467 15.0 8.0 15.0 7.0 1,421 333 31 21.3 18.0
JITAUG00308 389124 8452485 520 15.0 0.0 15.0 15.0 1,253 138 8 10.7 4.9
JITAUG00310 389519 8452502 541 15.0 0.0 15.0 15.0 1,198 217 15 17.7 9.6
JITAUG00313 390128 8452489 549 15.0 0.0 15.0 15.0 1,459 207 12 14.8 6.9
JITAUG00314 390308 8452492 516 7.8 0.0 7.8 7.8 1,094 175 6 15.7 5.3
JITAUG00315 390521 8452534 382 8.0 0.0 8.0 8.0 994 159 11 16.2 8.7
JITAUG00321 390226 8452391 499 12.0 0.0 4.0 4.0 777 103 4 13.3 5.3
JITAUG00322 390425 8452392 434 12.0 0.0 12.0 12.0 875 122 9 14.0 11.1
JITAUG00323 390631 8452386 434 7.5 3.0 7.5 4.5 3,694 611 56 13.0 12.8
including 3.0 4.0 1.0 10,639 2,230 203 21.0 16.3
JITAUG00324 388725 8452300 392 11.0 5.0 11.0 6.0 869 183 23 20.9 22.4
25
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JITAUG00325 388928 8452297 460 12.1 0.0 12.1 12.1 1,378 285 38 19.7 20.4
JITAUG00327 389305 8452315 620 5.4 0.0 3.0 3.0 764 109 6 19.0 8.5
JITAUG00328 389535 8452289 575 15.0 6.0 14.0 8.0 1,163 191 10 16.7 7.4
JITAUG00330 389927 8452294 460 15.0 8.0 14.0 6.0 588 118 5 19.8 7.9
JITAUG00332 390324 8452293 450 15.0 0.0 15.0 15.0 1,969 391 14 18.6 6.2
JITAUG00333 390524 8452292 375 7.0 0.0 7.0 7.0 813 129 7 15.6 8.7
JITAUG00334 390224 8452193 421 12.0 1.0 12.0 11.0 829 151 5 17.9 5.8
JITAUG00343 389922 8452090 431 15.0 0.0 15.0 15.0 2,024 492 54 23.7 22.6
JITAUG00344 390127 8452089 386 14.3 4.0 14.3 10.3 2,298 548 20 22.9 6.5
JITAUG00345 390318 8452092 377 15.0 0.0 13.0 13.0 697 103 6 14.0 9.5
including 6.0 10.0 4.0 1,241 179 8 14.0 6.4
JITAUG00352 389716 8451877 421 15.0 2.0 15.0 13.0 764 121 15 16.1 18.5
JITAUG00354 390122 8451898 299 15.0 9.0 15.0 6.0 398 69 7 16.3 16.0
JITAUG00355 390352 8451858 362 10.5 0.0 5.0 5.0 438 90 6 20.6 11.4
JITAUG00362 389725 8451692 394 15.0 7.0 15.0 8.0 3,775 559 35 11.8 6.6
including 12.0 13.0 1.0 15,648 2,590 155 16.6 8.4
JITAUG00363 389925 8451692 323 14.8 11.0 14.8 3.8 650 155 17 22.4 23.7
JITAUG00364 390153 8451703 322 11.9 0.0 11.9 11.9 1,047 176 22 16.8 20.3
JITAUG00370 389628 8451591 369 13.9 0.0 13.9 13.9 1,072 161 13 13.6 9.1
JITAUG00371 389833 8451598 327 16.6 10.0 16.6 6.6 758 163 12 20.7 16.3
JITAUG00372 389516 8451488 399 15.0 0.0 15.0 15.0 1,440 229 23 14.5 12.7
JITAUG00374 389959 8451487 304 15.0 0.0 15.0 15.0 809 137 16 15.6 14.7
JITAUG00375 389623 8451384 353 13.7 9.0 13.7 4.7 613 119 12 20.2 18.0
JITAUG00382 389528 8451297 339 15.0 2.0 15.0 13.0 1,194 168 12 10.2 6.6
JITAUG00383 389715 8451301 291 14.0 7.0 14.0 7.0 2,413 557 40 23.0 11.8
JITAUG00384 389915 8451265 339 8.5 0.0 8.5 8.5 719 123 11 16.7 11.7
JITAUG00391 389332 8451091 303 10.9 0.0 10.9 10.9 2,310 473 69 19.3 23.6
JITAUG00393 389725 8451091 274 14.8 3.0 14.8 11.8 1,754 299 22 13.7 12.6
JITAUG00396 389338 8450889 258 4.7 1.0 4.7 3.7 1,429 272 26 18.5 17.8
JITAUG00398 389728 8450882 264 7.7 0.0 7.7 7.7 972 196 23 18.6 17.7
JITAUG00405 389317 8450701 277 8.0 0.0 8.0 8.0 863 181 28 20.1 31.7
JITAUG00406 389526 8450691 205.5 8.3 0.0 3.0 3.0 468 84 6 18.0 11.9
JITAUG00407 389710 8450678 274 11.7 0.0 11.7 11.7 1,370 249 11 18.1 8.4
JITAUG00412 389332 8450493 214 11.0 0.0 11.0 11.0 1,225 195 18 16.2 14.8
JITAUG00420 389322 8450293 247 10.9 1.0 10.9 9.9 766 114 10 14.9 12.9
JITAUG00421 389560 8450286 195 11.0 0.0 11.0 11.0 833 156 17 18.7 20.4
JITAUG00454 388730 8451493 440 10.3 1.0 10.3 9.3 1,494 206 14 12.6 6.8
26
TREO NdPr DyTb
(ppm) (ppm) (ppm)
(%) (%)
JITAUG00455 388931 8451495 414 17.0 13.0 17.0 4.0 771 183 23 18.6 13.0
JITAUG00470 389131 8450291 259 7.3 0.0 7.3 7.3 632 98 13 14.9 21.2
27
APPENDIX E: Historical diamond drillholes completed at the Sulista Project
A list of core drillholes completed by the Sulista Project vendors
Depth Azi Dip Comment

Hole ID East North
(m) (°) (°)
BRE have verified this hole via completion of twin hole
ZMC-2S 393089 8458160 117.4 300 45
JITDD001
ZMC-1S 393562 8458641 118.3 305 46
ZMC-1AS 393616 8458585 226.6 300 50
ZMC-3S 393089 8458160 80.3 300 45

BRE is not aware of any significant intercepts. Holes have not
ZMC-1N 393484 8458980 123.9 300 50
been subject to verification by twinning or reassay.
ZMC-2N 393576 8459214 149 300 45
ZMC-3N 393729 8459538 125 300 45
ZMC-4N 393428 8458937 89.6 300 55
28
APPENDIX F – JORC Table
Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques • Nature and quality of sampling (eg cut channels, The reported drill results are obtained from diamond core
random chips, or specific specialised industry standard drilling. Diamond drill holes were drilled using 1.5 m run
measurement tools appropriate to the minerals under lengths in fresh rock and 3m run length in saprolite. Drill core
investigation, such as down hole gamma sondes, or was collected directly from a core barrel and placed in pre-
handheld XRF instruments, etc). These examples labelled core trays. Run interval depths were measured and
recorded. Drill core was transported to the Company’s
should not be taken as limiting the broad meaning of
exploration facility where it was measured for recovery,
sampling.
geologically logged, photographed, and marked up for
• Include reference to measures taken to ensure sample sampling.
representivity and the appropriate calibration of any
measurement tools or systems used. Selected sample intervals took into account lithological
• Aspects of the determination of mineralisation that are boundaries (i.e. sample was to, and not across, major
Material to the Public Report. contacts). The core sample intervals were typically 1.5m,
• In cases where ‘industry standard’ work has been done with a minimum of 0.6m and a maximum of 2.0m. Diamond
this would be relatively simple (eg ‘reverse circulation core was for HQ or NQ size.
drilling was used to obtain 1 m samples from which 3
kg was pulverised to produce a 30 g charge for fire Diamond drill core was cut using a core saw into two quarter
core samples with one summited for assay and the other
assay’). In other cases, more explanation may be
retained for archive. The remaining half core remained in the
required, such as where there is coarse gold that has core tray for further testing. Cuts were made along a line
inherent sampling problems. Unusual commodities or drawn to ensure samples were not influenced by the
mineralisation types (eg submarine nodules) may distribution of mineralization within the drill core (i.e. the cut
warrant disclosure of detailed information. line bisected mineralized zones). The split for assay was
placed in pre-numbered sample bags for shipment to the
laboratory for ICPMS analysis.
Grab samples were collected from corestones, subcrop and

outcrop using a rock hammer to obtain representative rock
fragments with an average weight of 1.1 kg. Rock fragments
were placed in pre-numbered sample bags in the field and
then transported to the Company’s exploration facility for
shipment to the laboratory for ICPMS analysis.
29
All drilling provided a continuous sample of mineralized
zones All mineralisation that is material; to this report has
been directly determined through quantitative laboratory
analytical techniques that are detailed in the sections below.
Drilling techniques • Drill type (eg core, reverse circulation, open-hole Core drilling was conducted using an I-800 DKVIII-12 rig to
hammer, rotary air blast, auger, Bangka, sonic, etc) and drill angled holes with an operational depth limit of 500m and
details (eg core diameter, triple or standard tube, depth an average depth of 150m.
of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, Drill core was recovered from surface to the target depth. All
diamond drill holes utilized a 3.05 m long single wall barrel
etc).
and were collared with HQ and were transitioned to NQ once
non-weathered and unoxidized bedrock was encountered.
Water is used as a drilling fluid as necessary and to aid in
extruding material from the core barrel.
Combi holes are Oriented core was collected on selected

angled drill holes using the REFLEX ACT III tool by a
qualified geologist at the drill rig. The orientation data is
currently being evaluated.
Drill sample recovery • Method of recording and assessing core and chip The diamond core was transported from the drill site to the
sample recoveries and results assessed. logging facility in covered boxes with the utmost care. Once
• Measures taken to maximise sample recovery and at the logging facility, broken core was re-aligned to its
ensure representative nature of the samples. original position as closely as possible. The recovered drill
core was measured, and the length was divided by the
• Whether a relationship exists between sample recovery
interval drilled and expressed as a percentage. This
and grade and whether sample bias may have occurred recovery data was recorded in the database.
due to preferential loss/gain of fine/coarse material.
Recoveries for all drilling are generally good, averaging 90%
for the three holes completed. There does not appear to be
a relationship between sample recovery and grade or
sample bias due to preferential loss or gain of fine or coarse
material with these drilling and sampling methods.
Logging • Whether core and chip samples have been geologically All drill core was logged at the Company’s exploration facility
and geotechnically logged to a level of detail to support by the logging geologist. Sonic core was photographed wet
appropriate Mineral Resource estimation, mining in core boxes immediately before sampling. Core photos
studies and metallurgical studies. show sample numbers, drill run lengths for material in the
core box.
• Whether logging is qualitative or quantitative in nature.
Core (or costean, channel, etc) photography.
Logging included qualitive determinations of primary and
• The total length and percentage of the relevant secondary lithology units, weathering profile unit (mottled
30
intersections logged. zone, lateritic zone, saprock, saprolite, etc.) as well as colour
and textural characteristics of the rock.
GPS coordinates as well as geological logging data for all

drillholes were captured in a Microsoft Excel spreadsheet
and uploaded to the project database in MXDeposit. Data
was collected in sufficient detail to support Mineral Resource
estimation.
Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half Core from diamond drilling was split to obtain a quarter core
or all core taken. sub-sample for assaying.
• If non-core, whether riffled, tube sampled, rotary split, Core sample intervals were typically 1 m in length with a
etc and whether sampled wet or dry. minimum of 0.6 m and a maximum of 2.0 m. Interval lengths
took into account lithological boundaries (i.e. sample was to,
• For all sample types, the nature, quality and
and not across, major contacts). To avoid selection bias, the
appropriateness of the sample preparation technique. right of core was consistently sampled and the bottom half
• Quality control procedures adopted for all sub-sampling retained in the core tray for archiving.
stages to maximise representivity of samples.
• Measures taken to ensure that the sampling is Field duplicates were completed at frequency 1:20 samples
representative of the in-situ material collected, including to evaluate the sample collection procedures to ensure
for instance results for field duplicate/second-half representativeness and show good reproducibility. Duplicate
sampling. analyses of coarse crush and pulp material were provided
• Whether sample sizes are appropriate to the grain size by SGS.
of the material being sampled.
Core samples had an average weight of 0.78 kg. Grab
samples had an average weight of 1.1kg.
Submitted samples of all types have appropriate mass to

represent the material collected which includes mega-
enclaves of REE-Nb-Sc-U cumulate mineralization and
microparticle to sand sized monazite grains.
Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying Core, auger and grab samples collected by the Company
and laboratory procedures used and whether the were assayed by SGS Geosol in Vespasiano, Minas Gerais,
technique is considered partial or total. Brazil, which is considered the Primary laboratory.
• For geophysical tools, spectrometers, handheld XRF
The samples were initially dried at 105 degrees Celsius for
instruments, etc, the parameters used in determining
24 hours. Samples were crushed to 75% passing the 3 mm
the analysis including instrument make and model,
fraction and the weight was recorded. The sample was
reading times, calibrations factors applied and their reduced on a rotary splitter and then 250 g to 300 g of the
derivation, etc. sample was pulverized to 95% passing 75 µm. Residues
• Nature of quality control procedures adopted (eg were stored for check analysis or further exploration
standards, blanks, duplicates, external laboratory purposes.
checks) and whether acceptable levels of accuracy (ie
31
lack of bias) and precision have been established. The assay technique used for REE was Lithium Borate
Fusion ICP-MS (SGS Geosol code IMS95A). This is a total
analysis of the REE. Elements analysed at ppm levels were
as follows:
Ce Co Cs Cu Dy Er Eu Ga
Gd Hf Ho La Lu Mo Nb Nd
Ni Pr Rb Sm Sn Ta Tb Th
Tl Tm U W Y Yb
The assay technique used for major oxides and components

was Lithium Borate Fusion ICP-OES (SGS Geosol code
ICP95A). This is a total analysis for the elements analysed
% and ppm (Ba, V, Sr, Zn, Zr) levels as listed below:
Al2O3 Ba CaO Cr2O3

Fe2O3 K2O MgO MnO
Na2O P2O5 SiO2 Sr
TiO2 V Zn Zr
Drill samples were analysed for Scandium (Sc) by 4-Acid

ICP-AES Analysis (SGS Geosol code ICM40-FR).
Accuracy was monitored through submission of certified

reference materials (CRMs) supplied by OREAS North
America Inc. CRM materials (25a, 106, 147, 460 and 465)
cover a range of REE grades encountered on the project.
CRM 465 has an equivalent grade of approximately 10%
TREO and supports reliable analysis of high grade REEE-
Nb-Sc mineralization detailed in this report. CRM were
inserted within batches of drill samples, and grab samples,
at a frequency of 1:20 samples.
CRMs were submitted as “blind” control samples not

identifiable by the laboratory and were alternated to span the
range of expected grades within a group of 100 samples.
Contamination was monitored by insertion of blank samples

of coarse quartz fragments. Blanks were inserted within
batches of sonic and auger drill samples, and grab samples,
at a frequency of 1:40 samples. Blanks pass through the
32
entire sample preparation stream to test for cross
contamination at each stage. No laboratory contamination
or bias were noticed.
Precision and sampling variance was monitored by the

collection ‘Field duplicate’ samples, predominantly from
mineralised intervals, at the rate of 1:20 samples. Half core
was split into two ¼ core samples to make field duplicate
pairs that are analysed sequentially.
The adopted QA/QC protocols are acceptable for this stage

of exploration. Examination of the QA/QC sample data
indicates satisfactory performance of field sampling
protocols and assay laboratory procedures. Levels of
precision and accuracy are sufficient to allow disclosure of
analysis results and their use for Mineral Resource
estimation.
Verification of sampling and assaying • The verification of significant intersections by either No independent verification of significant intersections was
independent or alternative company personnel. undertaken.
• The use of twinned holes.
• Documentation of primary data, data entry procedures, All assay results are checked by the company’s Principal
Geologist and Technical Director. Logging for drillholes was
data verification, data storage (physical and electronic)
directly uploaded to the project database hosed in the
protocols. MXDeposit system. Assay data and certificates in digital
• Discuss any adjustment to assay data. format from the laboratory are directly uploaded to the
project database.
Rare earth oxide is the industry-accepted form for reporting

rare earth elements. The following calculations are used for
compiling REO into their reporting and evaluation groups:
Note that Y2O3 is included in the TREO, HREO and MREO

calculations.
TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 +

Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 +
Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Y2O3 + Lu2O3.
HREO (Heavy Rare Earth Oxide) = Sm2O3 + Eu2O3 +

Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 +
Yb2O3, + Y2O3 + Lu2O3 .
33
MREO (Magnet Rare Earth Oxide) = Nd2O3 + Pr6O11 +

Tb4O7 + Dy2O3 + Gd2O3 + Ho2O3 + Sm2O3 + Y2O3 .
LREO (Light Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 +

Nd2O3 .
NdPr = Nd2O3 + Pr6O11 .
NdPr% of TREO = Nd2O3 + Pr6O11/TREO x 100.
HREO% of TREO= HREO/TREO x 100.
Conversion of elemental analysis (REE) to stoichiometric

oxide (REO) was undertaken by spreadsheet using defined
conversion factors.
Element Factor Oxide

La 1.1728 La2O3
Ce 1.2284 Ce2O3
Pr 1.2082 Pr6O11
Nd 1.1664 Nd2O3
Sm 1.1596 Sm2O3
Eu 1.1579 Eu2O3
Gd 1.1526 Gd2O3
Tb 1.1762 Tb4O7
Dy 1.1477 Dy2O3
Ho 1.1455 Ho2O3
Er 1.1435 Er2O3
Tm 1.1421 Tm2O3
Yb 1.1387 Yb2O3
Lu 1.1372 Lu2O3
Y 1.2699 Y2O3
The process of converting elemental analysis of rare earth

elements (REE) to stoichiometric oxide (REO) was carried
out using predefined conversion factors on a spreadsheet.
(Source: https://www.jcu.edu.au/advanced-analytical-
34
centre/services-and-resources/resources-and-
extras/element-to-stoichiometric-oxide-conversion-factors)
Diamond drill collars are located with the Trimble Geo 7
which resulted in accuracies <1m. Auger drill hole collars
Location of data points • Accuracy and quality of surveys used to locate drill and grab sample sites were located by a handheld GPS with
holes (collar and down-hole surveys), trenches, mine accuracies <5m.
workings and other locations used in Mineral Resource
estimation. Drill hole surveying was performed on each diamond hole
• Specification of the grid system used. using a REFLEX EZ-Trac multi-shot instrument. Readings
• Quality and adequacy of topographic control. were taken approx. every 15 meters and recorded depth,
azimuth, and inclination.
The accuracy of projected exploration data locations is

sufficient for this early stage of exploration.
The gird datum used is SIRGAS 2000 UTM 24S.
Topographic control is provided by a DEM obtained from

SRTM data at a lateral resolution of 30 m2.
Data spacing and distribution • Data spacing for reporting of Exploration Results. The initial spacing two confirmatory diamond holes on a
• Whether the data spacing, and distribution is sufficient single fence of drilling, is approximately 35 down dip. This
to establish the degree of geological and grade spacing is sufficient to determine continuity of geology with
continuity appropriate for the Mineral Resource and Ore sufficient resolution to support very early-stage exploration
and targeting.
Reserve estimation procedure(s) and classifications
applied.
Composite sample grades are calculated by generating
• Whether sample compositing has been applied. length weighted averages of assay values.
Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased The distribution of mineralization in fresh rock at Sulista is
sampling of possible structures and the extent to which controlled by moderately dipping mega-enclaves of REE-
this is known, considering the deposit type. Nb-Sc-U cumulate that strike north-northeast. The angled
• If the relationship between the drilling orientation and drill holes were designed and oriented with inclinations
ranging from -45 to -55 degrees to intersect these bodies as
the orientation of key mineralised structures is
perpendicular as possible within the limitations of the drill rig.
considered to have introduced a sampling bias, this
All drill holes are interpreted to intersect mineralization at a
should be assessed and reported if material. high angle and true thickness is expected the be equivalent
to down hole thickness. Significant results are presented in
Appendix C.
Grab samples are collected from single location points on

outcropping material, or corestones, and do not represent a
continuous sample along any length of the mineralised
system.
35
Sample security • The measures taken to ensure sample security. After collection in the field, the auger and grab samples were
placed in sealed plastic bags that were then placed into
larger polyweave bags labelled with the sample IDs inside
and transported to the Company’s secure warehouse. Drill
core samples were transported in their core boxes.
A local courier transported the samples submitted for

analysis to the laboratory.
A copy of all waybills related to the sample forwarding was

secured from the expediter.
An electronic copy of each submission was forwarded to

the laboratory to inform them of the incoming sample
shipment.
Once the samples arrived at the laboratory, the Company

was notified by the laboratory manager and any non-
compliance is reported.
The laboratory did not report any issues related to the

samples received.
Audits or reviews • The results of any audits or reviews of sampling The Company engaged the services of Telemark
techniques and data. Geosciences to review the sampling and analysis
techniques used at the Project, and to establish a “Standard
Operating Procedures” manual to guide exploration. CSA
Global Associate Principal Consultant, Peter Siegfried has
toured the Company’s exploration sites and facilities and
conducted reviews of sampling techniques and data. The
Company has addressed recommendations and feedback
provided by CSA Global.
▪ Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)

Mineral • Type, reference name/number, location and ownership including As at 31 March 2024, the Rocha da Rocha Project comprised 261 granted exploration
tenement and agreements or material issues with third parties such as joint permits registered with Brazil’s National Mining Agency and covering an area of
ventures, partnerships, overriding royalties, native title interests, approximately 434,835 hectares.All exploration permits are located in Bahia, Brazil and are
36
land tenure historical sites, wilderness or national park and environmental held by the BRE’s Brazilian subsidiaries directly or are to be acquired through legally
status settings. binding agreements with third parties.
• The security of the tenure held at the time of reporting along with any
known impediments to obtaining a licence to operate in the area. All mining permits in Brazil are subject to state and landowner royalties, pursuant to article
20, § 1, of the Constitution and article 11, "b", of the Mining Code. In Brazil, the Financial
Compensation for the Exploration of Mineral Resources (Compensação Financeira por
Exploração Mineral - CFEM) is a royalty to be paid to the Federal Government at rates that
can vary from 1% up to 3.5%, depending on the substance. It is worth noting that CFEM
rates for mining rare earth elements are 2%. CFEM shall be paid (i) on the first sale of the
mineral product; or (ii) when there is mineralogical mischaracterization or in the
industrialization of the substance, which is which is considered "consume" of the product
by the holder of the mining tenement; or (iii) when the products are exported, whichever
occurs first. The basis for calculating the CFEM will vary depending on the event that
causes the payment of the royalty. The landowners royalties could be subject of a
transaction, however, if there's no agreement to access the land or the contract does not
specify the royalties, article 11, §1, of the Mining Code sets forth that the royalties will
correspond to half of the amounts paid as CFEM.
The exploration permits in the BRE Tenements section of Table 3 (but excluding exploration
permit 871.929/2022 and 871.931/2022, and also excluding the application for exploration
permit 871.928/2022) are subject to an additional 2.5% royalty agreement in favour of
Brazil Royalty Corp. Participações e Investimentos Ltda (BRRCP).
Outside of the ESEC, a further 35 tenements contain approximately 165 km that falls within
a State Nature Reserve (APA Caminhos Ecológicos da Boa Esperança), in which mining
activities are allowed if authorized by the local environmental agency.
In the Brazilian legal framework, mining activities within sustainable use areas are not
explicitly prohibited at federal, state, or municipal levels, despite that, the zone's
management authority may prohibit mining, if it deems necessary, in the zone's
management plan. Activities in these areas must reconcile economic development with
environmental preservation. Mining operations impacting these areas require licensing
approval from the respective zone's management authority. This authorization is contingent
upon conducting thorough Environmental Impact Assessment (EIA) studies. These
prescribed areas do not limit mining elsewhere on the Property.
The tenements are secure and in good standing with no known impediments to obtaining
a licence to operate in the area.
Exploration • Acknowledgment and appraisal of exploration by other parties. Between 2013 and 2019 The previous project owners completed over 5,000 metres of
done by other auger drilling across 499 holes and approximately 1,000 metres of deeper diamond drilling.
parties
All auger holes were drilled vertically using the same equipment and methodology
employed by BRE. Auger assays were analysed at SGS Geosol in Vespasiano, Minas
37
Gerais, Brazil, the same assay laboratory used by BRE. Samples were prepared and
analysed for REE and major oxides using the same techniques as BRE, with the exception
that for over-limit assays were not undertaken and no QAQC samples were submitted. For
auger drilling, BRE has undertaken verification of significant rare earth assay grades
greater than 0.7% TREO through a pulp sample reanalysis program. For the 23 analysis
pairs, there was no significant bias between original and repeat analysis values. The
location of significant auger drill holes have been verified in the field. BRE has determined
that auger drilling and the results obtained from then are suitable for public disclosure.
The vendors completed 8 core drill holes for which reliable assay data is not available. An
inspection of historical drill core with a handheld gamma monitor, identified a significant
15m intercept of REE mineralisation in hole ZMC-2S with exceptionally high CPS counts.
The remaining drill holes did not contain significant mineralisation. BRE has determined
that the results obtained from historical core holes are not suitable for public disclosure. To
obtain a confident determination of grade and thickness, BRE elected to twin this hole
ZMC-2S.
Geology • Deposit type, geological setting and style of mineralisation. The Company’s tenements contain REE deposits interpreted as analogies to Ion
Adsorption ionic Clay (“IAC”) deposits, and regolith hosted deposits of monazite mineral
grains, and primary in-situ REEE-Nb-Sc mineralisation.
The Project is hosted by the Jequié Complex, a terrain of the north-eastern São Francisco
Craton, that includes the Volta do Rio Plutonic Suite of high-K ferroan (“A-type”) granitoids,
subordinate mafic to intermediate rocks; and thorium rich monazitic granite gneiss with
associated REE. The region is affected by intense NE-SW regional shearing which may be
associated with a REE enriched hydrothermal system.
Exploration completed by the Company has focused on the bedrock and regolith profile.
Bedrock mineralization is characterized by steeply dipping to sub vertical mega-enclaves
of REE-Nb-Sc monazite cumulate mineralization. Local bedrock controls to mineralisation,
such as faults or dykes, are not well understood. The company has initiated mapping of
the limited bedrock exposures at property and proposes to undertake deeper drilling to
create a model of the local geological setting.
The regolith mineralization is characterised by a REE enriched lateritic zone at surface
underlain by a depleted mottled zone grading into a zone of REE-accumulation in the
saprolite part of the profile.
Drill hole • A summary of all information material to the understanding of the All the details related to the drillhole information are in Appendix C and D.
Information exploration results including a tabulation of the following information
for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation above sea level in
38
metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
• If the exclusion of this information is justified on the basis that the
information is not Material and this exclusion does not detract from
the understanding of the report, the Competent Person should clearly
explain why this is the case.
Data • In reporting Exploration Results, weighting averaging techniques, Downhole length weighted averaging is used to aggregate assay data from multiple
aggregation maximum and/or minimum grade truncations (eg cutting of high samples within a reported intercept. No grade truncations or cut-off grades were applied.
methods grades) and cut-off grades are usually Material and should be stated.
• Where aggregate intercepts incorporate short lengths of high-grade No metal equivalents values are used.
results and longer lengths of low-grade results, the procedure used
for such aggregation should be stated and some typical examples of
such aggregations should be shown in detail.
• The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship • These relationships are particularly important in the reporting of All intercepts reported are down hole lengths. The geometry of mineralisation is
between Exploration Results. interpreted to be flat in a weathered profile. The drilling is vertical and perpendicular to
mineralisation • If the geometry of the mineralisation with respect to the drill hole mineralisation. In the weathered profile down hole lengths correspond to true widths.
widths and angle is known, its nature should be reported.
intercept • If it is not known and only the down hole lengths are reported, there
lengths should be a clear statement to this effect (eg ‘down hole length, true
width not known’).
Diagrams • Appropriate maps and sections (with scales) and tabulations of Diagrams, tables, and any graphic visualization are presented in the body of the report.
intercepts should be included for any significant discovery being
reported These should include, but not be limited to a plan view of
drill hole collar locations and appropriate sectional views.
Balanced • Where comprehensive reporting of all Exploration Results is not The report presents all drilling results that are material to the project and are consistent
reporting practicable, representative reporting of both low and high grades with the JORC guidelines. Where data may have been excluded, it is considered not
and/or widths should be practiced avoiding misleading reporting of material.
Exploration Results.
Other • Other exploration data, if meaningful and material, should be Detailed walking radiometer surveys have been completed on the target areas using a RS-
substantive reported including (but not limited to): geological observations; 230 Portable Gamma Spectrometer. In survey mode, the total Count of gamma particles
exploration geophysical survey results; geochemical survey results; bulk Per Second (“CPS”) is recorded in real time.
data samples – size and method of treatment; metallurgical test results; In survey mode, the total count of radioactive elements is recorded in real time. Readings
bulk density, groundwater, geotechnical and rock characteristics; are taken at waist height (approximately 1 m from the surface), the sensor can capture
values in a radius of up to 1 m².
potential deleterious or contaminating substances.
39
High CPS occur in the presence of gamma releasing minerals. Throughout the Rocha da
Rocha Critical Mineral Province, BRE has observed a positive correlation between CPS
and thorium and REE bearing monazite. BRE has determined that gamma spectrometry is
an effective method for determining the presence of REE mineralization that is material to
this report
Further work • The nature and scale of planned further work (eg tests for lateral Results at the Sulista project warrant the initiation of a maiden core drilling program, with
extensions or depth extensions or large-scale step-out drilling). targeted step-out holes, to develop mineral resources along the Northern Zone 1km
• Diagrams clearly highlighting the areas of possible extensions, outcrop trend. At the Eastern Zone, numerous high CPS outcrops, and monazite bearing
including the main geological interpretations and future drilling areas, regolith with rare earth grades up to 8.5% TREO will be follow-up by deeper infill auger
provided this information is not commercially sensitive. drilling program to explore for monazite sand resources, and to support the targeting of
sonic and diamond core holes. High-grade surface samples indicate the presence of REE-
Nb-Sc-U mineralisation at depth which warrant a focused program of diamond core drilling.
Upcoming works aim to assess whether or not the project may become economically
feasible including metallurgical recovery, process flowsheet and optimisation. Further
resource definition through additional drilling and sampling, geological mapping, and
regional exploration through additional land acquisition are also planned. No forecast is
made of such matters.
40

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ASX ANNOUNCEMENT

Drill Results Confirm Ultra-High Rare Earth Grades at Sulista Project

Figure 1: Sulista project location and relative size

www.brazilianrareearths.com Level 1, 139 Macquarie Street

Sulista Northern Zone

Figure 3: Diamond drill core from JITDD0001 with REE-Nb-Sc-U mineralisation

Figure 5: Outcrop R875 – Sulista Northern Zone

Sulista Western Zone

Sulista Eastern Zone

Figure 8: Cross-section of the Sulista Eastern Zone

Sulista Southern Zone

For further information and enquires please contact:

MD and CEO, Brazilian Rare Earths

Competent Persons Statement

Drillhole Information and Significant Intercepts

JITDD0001: REE-Nb-Sc-U assays

JITDD0001: 12.25 m at 12.5% TREO from 102.5 m

A list of core drillholes completed by the Sulista Project vendors

Depth Azi Dip Comment

ZMC-1AS 393616 8458585 226.6 300 50

ZMC-3S 393089 8458160 80.3 300 45

ZMC-3N 393729 8459538 125 300 45

ZMC-4N 393428 8458937 89.6 300 55

Section 1 Sampling Techniques and Data

Grab samples were collected from corestones, subcrop and

Combi holes are Oriented core was collected on selected

GPS coordinates as well as geological logging data for all

Submitted samples of all types have appropriate mass to

The assay technique used for major oxides and components

Al2O3 Ba CaO Cr2O3

Drill samples were analysed for Scandium (Sc) by 4-Acid

Accuracy was monitored through submission of certified

CRMs were submitted as “blind” control samples not

Contamination was monitored by insertion of blank samples

Precision and sampling variance was monitored by the

The adopted QA/QC protocols are acceptable for this stage

Rare earth oxide is the industry-accepted form for reporting

Note that Y2O3 is included in the TREO, HREO and MREO

TREO (Total Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 +

HREO (Heavy Rare Earth Oxide) = Sm2O3 + Eu2O3 +

MREO (Magnet Rare Earth Oxide) = Nd2O3 + Pr6O11 +

LREO (Light Rare Earth Oxide) = La2O3 + CeO2 + Pr6O11 +

NdPr = Nd2O3 + Pr6O11 .

NdPr% of TREO = Nd2O3 + Pr6O11/TREO x 100.

HREO% of TREO= HREO/TREO x 100.

Conversion of elemental analysis (REE) to stoichiometric

Element Factor Oxide

The process of converting elemental analysis of rare earth

The accuracy of projected exploration data locations is

The gird datum used is SIRGAS 2000 UTM 24S.

Topographic control is provided by a DEM obtained from

Grab samples are collected from single location points on

A local courier transported the samples submitted for

A copy of all waybills related to the sample forwarding was

An electronic copy of each submission was forwarded to

Once the samples arrived at the laboratory, the Company

The laboratory did not report any issues related to the

▪ Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)