The addition of Cannie’s resource increases the Company’s resource inventory tonnage by 30%, bringing the Company resources inventory to 820Mt and lifting the Company’s TREO + Yttrium resource inventory by 43% to 589,000 tonnes.

Cannie also provides a material lift to the Company’s zircon and titanium mineral inventory adding 1.4Mt of zircon, 0.9Mt of rutile and 1.4Mt of leucoxene to the Company’s impressive scale and grades.

Cannie, together with the flagship Goschen Project and the now emerging Nowie deposit to the north, confirms a Major New Critical Minerals Province for Victoria stretching over 55 kilometres along the western flank of the Lake Boga granite.

Cannie initial resource inventory estimates were released to the market and the subject of ASX Announcement released on 16 May 2023.