Ausheds,For your interest from the last presentation, page 13,...

Ausheds,

For your interest from the last presentation, page 13, the 'product' is projected to be:

1. Radionuclide free;
2. 97-99% RE carbonate
3. >95 REE extraction.

The total capital expenditure is estimated as $144M PLUS 12M for contingencies (page 9).

It should be noted that because of the high grade after processing in the dry plant 40%+, the feed rate for refinery is only 1.2 tonnes/hr. May I suggest that because of the high grade after the concentration, refinery costs will be substantially reduced.

What I am saying is CUX has the high grade where it counts, which is after the concentration process and just before the refining process.

Cheers

Stoops