Ann: Merlin Resource - World's highest grade , page-8

re: Ann: Merlin Resource - World's highes... from todays ann.

“The lack of a reliable,
assured supply of rhenium metal limits the expansion of rhenium’s use in
manufacturing and provides an opportunity for Ivanhoe Australia’s Merlin project to
fill that gap. With approximately 25 kilograms of rhenium required for each rheniumalloy turbine, the potential growth in the market is enormous ."

A rather unique situation , and of great benefit of course to IVA.