Third Drill Hole Confirms Heavy Mineral Scale Potential

• incl. 0.6m at 14.60% TiO2, 4.56% ZrO2, 970ppm HfO2, 0.863% TREO (0.231% MREO) from 373.65m. -0.3m at 4.43% TiO2, 1.25% ZrO2, 258ppm HfO2, 0.285% TREO (0.076% MREO) from 380.5m. • Indicative heavy mineral grades** of: Indicative heavy mineral grades ** of: -1.2m at 9.5% rutile, 3.6% ilmenite, 5.2% zircon and 0.9% monazite from 373.35m, incl. 0.9m at 11.4% rutile, 4.4% ilmenite, 6.4% zircon, 1.1%